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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