HomeMy WebLinkAboutLAG08-001 - Amendment - #3 - Woodmont Investments, LLC - Police Substation - 05/01/2021 Agreement Routing Form
• For Approvals,Signatures and Records Management
KENT This form combines&replaces the Request for Mayor's Signature and Contract Cover Sheet forms.
WASHINGTON (Print on pink or cherry colored paper)
Originator: Department:
Jalene King Police
Date Sent: Date Required:
> 4/28/2021
0
Authorized to Sign: Date of Council Approval:
Q
❑ Director or Designee ❑ Mayor
Budget Account Number: Grant? ❑Yes O No
1000.2331.64520.3300
Budget? El Yes ❑ No Type: N/A
Vendor Name: Category:
Woodmont Investments, LLC Lease El-
Vendor Number: Sub-Category:
c
190395 Amendment 0
Project Name:
Third Amendment to Lease Agreement
E
i
Project Details:Police Substation at Woodmont Plaza Shopping C
c
a
Agreement Amount: $105,000+est CAM Basis for Selection of Contractor:
all
Start Date: 5/1/2021 Termination Date: 4/30/2026
Q
Local Business? ❑Yes ❑ No*
*If meets requirements per KCC 3.70.100,please complete"Vendor Purchase-Local Exceptions"form on Cityspace.
Notice required prior to disclosure? Contract Number:
❑Yes ❑ No LAG08-001
Date Received by City Attorney: Comments:
c 5/3/2021 - returned to J. King for fully
4/28/2021 executed copy & lease coversheet. - MM
; 06/08/2021 fully executed copy rcvd - MM
•� i
� 3
� 40
f0
p� Date Routed to the Mayor's Office: 04/28/2021
in
Date Routed to the City Clerk's Office: 05/03/2021
adccW22313_1_20 Visit Documents.KentWA.gov to obtain copies of all agreements
THIRD AMENDMENT TO LEASE AGREEMENT
THIS THIRD AMENDMENT TO THE RETAIL LEASE (this "Amendment") is made and
entered into and effective as of this 30th day of April, 2021, by and between Woodmont
Investments, LLC, dba 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
A. Landlord and Tenant are parties to a Lease Agreement dated effective May 1, 2008
(the "Lease"), The First Amendment to Lease Agreement dated effective April 1st,
2011 ("First Amendment"), and the Second Amendment to Lease Agreement dated
effective April 1st, 2016 ("Second Amendment"), collectively ("The Lease") under
which Tenant leases from Landlord certain portions of the building located at 26226
Pacific Hwy South, in Kent, Washington (the "Building") as shown in Exhibit A.
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
1. TERM. The Term of this Lease Agreement is hereby extended Sixty (60) months
beginning on May 1, 2021 and will expire on April 30, 2026.
2. BASE RENT. Base Rent shall be equal to approximately $16.35 PSF per annum
for the first year of the Term and increase accordingly to the schedule below. 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
05/01/21 — 04/30/22 $ 1,600.00 + Est CAM (Triple Net Charges)
05/01/22 — 04/30/23 $ 1,675.00 + Est CAM (Triple Net Charges)
05/01/23— 04/30/24 $ 1,750.00 + Est CAM (Triple Net Charges)
05/01/24— 04/30/25 $ 1,825.00 + Est CAM (Triple Net Charges)
05/01/25 — 04/30/26 $ 1,900.00 + Est CAM (Triple Net Charges)
3. OPERATING COSTS. Tenant shall continue to pay CAM as dictated in the
Second Amendment. The estimated CAM for 2021 for the premises is $866.00.
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, 2021.
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.
1 � Page Police Substation Lease Amendment
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first set
forth above.
LANDLORD: TENANT:
Woodmont Investments, LLC City of Kent, a municipal corporation
of the State of shin on of the State of Washington
Sy: By: 1 —
Printed Name: Jonathan Tran Printed Name: Dana I�alp1)
Title: Owner' Agent Title: Mayor, City of Kent
Date: _ Date: 04./3012021
Approved as to F rm:
City'of Kent Lai Department
21page Police Substation Lease Amendment
STATE OF WASHINGTON )
SS
COUNTY OF KIND )
On this day of f"t_a_j 2021,before me,a Notaty Pubflc in and por the State of Washington,
personally appeared Jonathan'gran,to me known to bQ the Dwncrs Agent of Woodmont investments, .a
Washington Limited Liablllty CoiWration, that executed this roraioing instrument and aelcnowledged It to
be the fee and voluntary act ror the uses and purposes mentioned in this instrument and on oath status that
he was authorized to execute said instrument.
-Nnlury Secf1 must Appear IY1thin This Box-
4. 53+,� 40# N WITNESS WHEREOF,I have herunto set my hand and7offflfiolal7day
ond year as above written.
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STATE OF WASHINGTON )
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COUNTY OF KING )
f 2021,berore me,a Notary public in anti 101'the Stntc 01'WA91tlrt6tn1
On Lotlso Clay or— .,
personally appearod Dana Rttlah,[o ntc kttcaGvii to be the Mt►yt?r ul'thc City tad lCt nt,a ,nn(I n9tnIn ntuart orl
Corporation,that execuLetl this 1101.0puing int;lt'untanl rums actinowlodged it to bu thv I'rt c stntl vtyhuittary ttct nCsttld
covporation Nr tiro uses and purposes►neit tittnecl in Lhis i11s(rumt:nt anti nn on,h stated that she was authorixul to
execute said Instrument.
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Id'11if�IN WITNESS WHEREOF,I have herunto set my hand and official seal the day
Air OWN 4, �y�O�I,�stl�a year as above written,
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3 Page Police Substation Lease Amendment