HomeMy WebLinkAboutLAG08-001 - Amendment - #2 - Woodmont Investments, LLC - Police Substation - 05/01/2016 Records Management
11-4�KIF3
KENT
WAS HINGTON Document
CONTRACT COVER SHEET
This is to be completed by the Contract Manager prior to submission
to City Clerks Office. All portions are to be completed.
If you have questions,, please contact City Clerk's Office.
Vendor Name: Woodmont Investment, LLC
Vendor Number: 190395
JD Edwards Number
Contract Number: ?rXS -1U?-- 00b
This is assigned by City Clerk's Office
Project Name: Second Amendment to Lease Agreement
Description: El Interlocal Agreement El Change Order El Amendment Z Contract
El Other:
Contract Effective Date: May 1, 2016 Termination Date: April 30, 2021
Contract Renewal Notice (Days): 30
Number of days required notice for termination or renewal or amendment
Contract Manager: Eric Hemmen Department: Police
Contract Amount: monthly lease see attached
Approval Authority: F-1 Department Director Z Mayor 0 City Council
Detail: (i.e. address,, location, parcel number, tax id, etc.):
26226 Pacific HWY South, Kent
As of: 08/27/14
SECOND AMENDMENT TO LEASE AGREEMENT
THIS SECOND AMENDMENT TO THE RETAIL LEASE .(this "Amendment") is made
and entered into and effective as of this 1 st day.of April,.2016,.by and between Woodmont
Investments, LLC, dab Woodmont Plaza Shopping Center, a Washington limited liability
company ("Landlord") and The City of Kent, a municipal corporation of the State of Washington.
("Tenant").
RECITALS
I
A. Landlord and Tenant are parties to a Lease Agreement dated effective May 1,
2008 (the "Lease"), and The First Amendment to Lease Agreement dated
effective April V, 2011 ("First Amendment"), under which Tenant leases from
Landlord certain portions of the building located at 26226 Pacific Hwy South, in i
Kent,Washington (the"Building") as shown in Exhibit A.
_ 1
Now, therefore, for mutual consideration, the parties agree as follows. All capitalized
terms shall have the meaning set forth in the Lease unless otherwise herein defined.
AGREEMENT
i
1. TERM. The Term of this Lease Agreement is hereby extended Sixty (60) months
beginning on May 1, 2016 and will expire on April 30, 2021. `
2. BASE RENT. Base Rent shall be equal to $1.00 PSF per month for the first year
of the term. Base Rent shall increase by 3% every annum (May 1 s`}. The square
footage for the premises is confirmed to be approximately 1,174 SF. The rent for
the term shall be as follows.
Months Monthly Payments
06/01/16—04/30/17 $ 1,174.00 + Est CAM (Triple Net Charges)
05/01/17—04/30/18 $ 1,209.00 + Est CAM (Triple Net Charges)
06/0111 8—04130119 $ 1,246.00 + Est CAM (Triple Net Charges)
05/01/19—04/30/20 $ 1,283.00 + Est CAM (Triple Net Charges)
05/01/20—04/30/21 $ 1,321.00 + Est CAM (Triple Net Charges)
3. OPERATING COSTS. Tenant shall continue to pay CAM as dictated in the First
Amendment. The estimated CAM for 2016 for the premises is $801.00.
Estimates shall continue to be provided and recalculated as stated in the Lease
Agreement.
4. EFFECTIVE DATE. Notwithstanding the date of execution of this Amendment,
the terms and conditions of this Amendment will be effective as of April 30, 2016.
I
5. Full Force. Except as amended herein, the Lease shall remain in full force and
effect. In the event of any conflict between the terms of the Lease and the terms
of this Amendment, the terms of this Amendment shall prevail.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first `
set forth above.
1 � I" age Police SUbstation Lease !Amendment
LANDLORD: TENANT:
Rainier Pacific Management, LLC City of Kent, a municipal corporation
of the State St
ate�fVashin ton o t�e tat, of Washington
By: By:
Printed Name: Jonathan Tran Printed Namc: Suzette Cook e-
Title: Asset Manager/Owner's Agcnt Title: Mayor, City ofj�'ent
Date: Date:
Ata roved, t F rpi,
City of Kent Law epartment
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2I11a c S' hs III l', Vt (I11) C ]I
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STATE OF WASHINGTON
SS
COUNTY OF KING
On this day of 2016,before me, a Notary Public in and for the State of Washington,
personally appeared Jonathan Tran,to me known to be the Owners Agent of Rainier Pacific Management,LLC,
a Washington Limited Liability Corporation,that executed this foregoing instrument and acknowledged it to be the
free and voluntary act for the uses and purposes mentioned in this instrument and on oath stated that he was
authorized to execute said instrument,
-Nolmy Seal illusl Appear Within This Box-
IN WITNESS Wf IERLOF,I have hertinto set my]land and official seal the day
and year as above written.
Notary Public for the State of Washington residing at
My Appointment expires
STATE OF WASHJNGTON
SS
COUNTY OF KING
Oil this A41— day E. k/4,Vy- 2016,before ine, Notal P-Lbl' Wild r Be State of Washington,
-9416-he known to be th the C en ,a Washington municipal
personally ar, ell
corporation,that executed this foregoing instrument and acknowledged it to be the free and voluntary act of said
corporation for the uses and purposes mentioned in this instrument an(]on oath stated that she was aUtIlOriZed to
execute said instrument.
-Notary Seal 2Wust,4ppeor Within This BOX-
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`ONMWIIIIS� 'I, IN WI'I'NI-",'SS WF[FREOF, I have herunto set my hand and officinal seal the day
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and year as above written.
NOW
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Notary Public for the State of Washill ton residing at
/,It I OF atiti 'I'vly Appointment expires
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