HomeMy WebLinkAboutPasco School District No. 1 Post Office Amend No. 2STORAGE AREA LEASE AGREEMENT
Amendment No. 2
THIS FIRST AMENDMENT TO STORAGE AREA LEASE AGREEMENT is made
and entered into thisXday of December, 2020, by and between the City of Pasco,
Washington, a Municipal Corporation ("City"), and Pasco School District No. 1, a Municipal
School District ("School District").
WHEREAS, the City and School District entered into a Storage Lease Agreement for an
area within the "Old Pasco Post Office, 401 W. Lewis St. Pasco, dated November 16, 2010, and
Amendment No. 1, dated October 30, 2015, and
WHEREAS, both parties desire to extend said agreement;
NOW, THEREFORE, IT IS HEREBY AGREED as follows:
1. Section 2 entitled "Term" shall be and is hereby amended to read as follows:
2. Term. The term of this Lease shall be for five (5) years commencing on the 1 st day of
January 2021 and ending on the 31 St day of December 2025.
2. Section 3 entitled "Rent" shall be and is hereby amended to read as follows:
3. Rent. School District shall pay to City a total annual rent of $8851.42 per year. Rent is
payable on or before the first day of January of each and every year, in advance for that
year's occupancy of the Premises. Rent for any period less than one (1) year shall be
prorated based upon the number of days in said period.
Beginning January 1, 2022, the annual 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 term of this Agreement.
3. All remaining provisions of the lease remain the same.
IN WITNESS THEREOF, the City and School District have caused this Amendment to be
executed on the day and year first written above.
CITY OF PASCO
r
N. Zach atkai, Administrative &
Community Services Director
PASCO SCHOOL DISTRICT NO. 1
La4ul-
Susana Reyes, Ed. D.
Assistant Superintendent
Operations & Human Resources