HomeMy WebLinkAboutAmtrak Lease Option No. 1 03.03.14NATIONAL RAILROAD PASSENGER CORPORATION
530 Water Street, 5th Floor, Oakland, CA 94607
March 3, 2014
Rick Terway
City of Pasco
Director, Administrative and Community Services
P.O Box 293
525 N. 3 Avenue
Pasco, WA 99301
RE: Lease Option to Renew
Dear Mr. Terway,
The National Railroad Passenger Corporation and the City of Pasco entered into a lease dated
March 24, 2009 with a termination date of February 28, 2014.
Per Section 2b of the lease Amtrak shall have the option to extend the Term of this Lease for two
2) additional five (5) year term(s) with all of the same terms and conditions as set forth in the
Lease.
As stated in my email to you on December 5, 2013, National Railroad Passenger Corporation
wishes to exercise our first option to extend the term for an additional five years commencing
March 1, 2014 with a new termination date of February 28, 2019.
We request your acknowledgement by signature below; upon execution please forward one
original to my office.
Kind Regards,
National Passenger Railroad Corporation
Tamika Smith
Project Director, Real Estate Development
7 -1 -
By:
rty of Pasco
Date: 3 —6,
AMTRAK
101,
4*
Sandy Kenworthy
From: Rick Terway
Sent: Thursday, December 05, 2013 10:42 AM
To: Smith, Tamika
Cc: Leland Kerr (Ikerr @kerrlawgroup.net); Sandy Kenworthy
Subject: RE: Five Year Option
Tamika,
I am in receipt of your email exercising the first five year option on the lease. All other terms and conditions remain the
same and the new exploration date will be March 1, 2019. If you have any further questions please do not hesitate to
contact me by email or phone.
Rick Terway, Director
Administrative & Community Services
Pasco, WA 99301
509.543.5757
From: Smith, Tamika [mailto•Tamika Smith(cbamtrak.com]
Sent: Thursday, December 05, 2013 9:06 AM
To: Rick Terway
Subject: Five Year Option
Good Morning Rick,
The National Railroad Passenger Corporation elects to exercise its first option to extend the term of the lease
dated March 24, 2009 for an additional five (5) years beginning March 1, 2014.
Please forward the appropriate documents for execution, thank you.
Tamika Smith I Amtrak
Project Director I Real Estate Development (West)
530 Water Street, Fifth Floor I Oakland, CA 94607
2 510 238 2615 1 C 510 239 13721 F 510 873 6176
tamika.smith amtrak.com I www.amtrak.com