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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