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HomeMy WebLinkAboutPasco School District - Regional Youth Service Corps sublease agreementSUBLEASE AGREEMENT 321 West Lewis Street Amendment No. 1 THIFIRST AMENDMENT TO SUBLEASE AGREEMENT is made and entered into this � ay of October, 2015, by and between the City of Pasco, Washington, a Municipal Corporation ("Sub -Lessor"), and Regional Youth Service Corps, a program of Pasco School District No. 1, ("Sub -Lessee"). WHEREAS, the City and Regional Youth Service Corps entered into a Sublease Agreement for a portion of the premises at 321 W. Lewis St. Pasco, dated September 28, 2009, and WHEREAS, both parties desire to extend said agreement; NOW, THEREFORE, IT IS HEREBY AGREED as follows: 1. Section 1 entitled "Tenn" shall be and is hereby amended to read as follows: L Term. This sublease shall be a term of one (1) year, beginning on October 1, 2015 and ending on September 30, 2016. However, this sublease may be automatically renewed for up to nine (9) successive additional terms of one (1) year. Sublease shall renew unless either party provides written notice not less than thirty (30) days prior to the expiration of the then current term. 2. Section 2 entitled "Rent" shall be and is hereby amended to read as follows: 2. Rent. Sub -Lessee agrees to pay rent in the amount of $425.00 per month, payable on or before the last day of each month proceeding the month for which the rent is due. On the second anniversary, the rental amount shall be increased by 2% of the annual rental amount, and increased by 2% two years thereafter and on each biennium during the tern of this Agreement. 3. All remaining provisions of the sublease remain the same. IN WITNESS THEREOF, the Sub -Lessor and Sub -Lessee have caused this Amendment to be executed on the day and year first written above. CITY OF PASCO REGIONAL YOUTH SERVICE CORPS U / f Ridk Terway, Director// Howard Roberts, Jr., Direct - Administrative & Co unity Services Fiscal Services, Pasco S of District