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HomeMy WebLinkAboutL03-082 - Amendment - #1 - Aquatic Management Group, Inc. - Kent Pool Sub-Lease Agreement - 03/06/2008Records Man agement KENT Document &"," 4!-u& & WaSHTNGToN 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: Aq uatic Manaqement GrouP Vendor Number:Ae,^-l orf*"/' *'rr M{/ JD Edwards Number Contract Number: This is assigned by City Clerk's ce Project Name:Addendum No. One to Aqreement with A quatic Manaq ement Group (AMG) for the Kent Meridian Pool Descripti on! E Interlocal Agreement n Chanqe Order X Amendment n Contract I Other: Contract Effective Date: March 6,2003 20LL Termination Date= l\ay 25, Contract Renewal Notice (Days)l 30 days Number of days required notice for termination or renewal or amendment Contract Manager: Teri Petrole Department: Parks Administration Detail: (i.e. address, location, parcel number, tax id, etc.): Addendum No. One extends the termination of agreement to May 25, 20Lt S : Public\RecordsManagement\Forms\Contractcover\adcc7832 | lI / OB KENT ADDENDUM ONE TO THE KENT POOL SUBLEASE AGREEMENT THIS ADDENDUM ONE is made between the CITY OF KENT, a Washington municipal corporation ("City"), and AQUATIC MANAGEMENT GROUP' INC., a Washington corporation ("Lessee"), and amends that certain Kent Pool Sublease Agreement ("Sublease") entered into between the parties on or abput March 6, 2003. I. RECITALS 1,1 On March 6,2003, the parties entered into the Kent Pool Sublease Agreement whereby the Lessee would occupy, manage, and operate the premises as a public pool in accord with the Sublease and the conditions and restrictions set forth in King County Resolution No. 3457L' t.2 The purpose of this Addendum One is to extend the term of the Sublease and to reflect negotiated revisions the parties made to the compensation due Lessee beginning March 6, 2008' II. ADDENDUM The City and Lessee agree and covenant as follows: 1. Term, Upon the effective date of this Addendum One, the parties agree that the term of the Sublease provided for in Section 3 shall run through May 25, ZOLL The remaining provisions set forth in Section 3 of the Sublease, specifically the extension and termination options, are retracted and shall no longer apply, 2 Citv Consid ron and Pavment Annual Fee. The annual fee provisions set forth in Section 5(B) of the Sublease are amended to increase not to exceed amount from Twenty Thousand Dollars and nol100 ($20,000) the per year to Eighty Thousand Dollars and no/100 ($80,000) per year. 3.Citv Consid ration and Pavment Caoital Fee . The capital payment fee provisions set forth in Section 5(C) of the Sublease are rep laced with the following: C. Capital Fee, Payment to Lessee of an amount not to exceed $25,000 annually for capital repairs and lifecycle improvements to the Pool. Lessee shall make a written request to the City for funds to be released, and shall provide ADDENDUM ONE TO THE KENT POOL SUBLEASE AGREEMENT. 1 (January 10, 2008) \ documentation demonstrating the need for the amount requested. Within thirty (30) days of its receipt of Lessee's request, the City shall determine, in its sole discretion, the amount of funds to be distributed and distribute the same by January 3l't of the next fiscal year. Lessee shall submit financial documentation to the City showing the profit or loss incurred the previous year 4. Certification. Lessee hereby certifies to City that the Sublease is in full force and effect, and that there are no uncured defaults on the part of the City under the Sublease, 5. Entire Aqreement. Except as amended by this Addendum One, all provisions of the Lease shall remain in full force and effect except as specifically modified by this Addendum One. 6, Effective Date. The terms of this Addendum One shall take effect on the last date signed below and shall apply from March 6, 2008, through May 25, 20IL, unless later amended. IN WITNESS WHEREOF, the parties hereto have executed this Addendum One. CITY:LESSEE: CITY OF KENT AQUATIC MANAGEMENT GROUP, INC, By: Print Name:- Its: Date: ADDENDUM ONE TO THE KENT POOL SUBLEASE AGREEMENT - 2 By: - Notary Acknowledgements Appear on Following Page - Print Name Its: Date: (January 10, 2008) ,.'! STATE OF WASHINGTON ) SS COUNTY OF KING On this day of -,2008, I hereby ceftify that I know or have ) ) satisfactory evidence that is the person who appeared before me, and sa id person acknowledged that he/she signed this instru ment, on oath stated that he/she is authorized to execute the instrument on behalf of the CITY OF KENT as its and such execution to be the free and voluntary act of such pafty for the uses and purposes mentioned in the foregoing instrument, -Notary Seal Must Appear Within This Box' IN WITNESS WHEREOF, I have hereunto set my hand and official seal the day and year first above written. NOTARY PUBLIC, in and for the State of Washington residing at My appointment expires STATE OF WASHINGTON ) SS COUNTY OF KING On this day of 2008, I hereby certify that I know or have satisfactory evidence that is the person who appeared before me, and said person acknowledged that he/she signed this instrument,on oath stated that he/she is authorized to execute the instrument on behalf of AQUATIC MANAG EMENT GROUP, INC. as its and such execution to be the free and voluntary act of such party for the uses and purposes mentioned in the foregoing instrument. Pr\Civil\Files\OFnnles\or05-2008\P@lsubtea*-Addendumone dc ADDENDUM ONE TO THE KENT POOL SUBLEASE AGREEMENT - 3 -Notary Seal Must Appear Within This Box- IN WITNESS WHEREOF, I have hereunto set my hand and official seal the day and year first above written. NOTARY PUBLIC, in and for the State of Washington residing at My appointment exPires (January 10,2008)