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HomeMy WebLinkAboutPort of Pasco 2022-2026 Lease Extension for 1011 E Ainsworth NOTICE OF EXERCISE OF OPTION COP-TB-080116 On or about the 7th day of September, 2016, the PORT OF PASCO, a municipal corporation of the State of Washington ("Port"), entered into a Lease Agreement ("Lease") with City of Pasco ("Lessee")for the lease of the following described premises situated in Franklin County, Washington: ,� . acres of land surroundinp the buildinq. Article 3 of the Lease Agreement affords Lessee the option to extend the Lease for a period of years, commencing and ending . Lessee warrants that Lessee is not in default in any provision of the Lease, and hereby exercises its option to renew the Lease for the period described in the Lease, according to all the terms, provisions, covenants, and agreements of the Lease, including those relating to increased rent and security requirements. DATED this `� day of ���� �21 City of Pasco LESSEE By: � �ts: G.�.� ��,,. -� � COP-TB-080116 EEO#1 RESOLUTION NO.4101 A RESOLUTI�N OF THE CITY OF PASCO, WASHINGTON, AUTH�RIZING THE CITY MANAGER TO SIGN AND EXECUTE AMENDMENT NO. 1 TO THE TERM BUILDING LEASE BETWEEN THE PORT OF PASCO AND THE CITY OF PASCO. WHEREAS,pursuant to the City's lease with the Port of Pasco for the property located at 1011 E. Ainsworth, the "Premises", dated September 7, 2016, the term of the lease shall extend automatically, absent notice from the City to not so extend, for a period of five(5)years; and WHEREAS, pursuant to the Premises Lease the City has not notified the Port of Pasco of its intent to not extend the lease, and the City does wish to allow the automatic extension of this lease for the first, of potentially two, five(5)year extension terms; and WHEREAS,the automatic extension of the Premises Lease will change the lease term and no other terms are hereby amended. NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON: Section 1.That the City Council of the City of Pasco approves the terms and conditions of the Amendment No. 1 to the Term Building Lease between the Port of Pasco and the City of Pasco; a copy of which is attached hereto and incorporated herein by reference as Exhibit A. Section 2. The City Manager of the City of Pasco, Washington, is hereby authorized, empowered, and directed to sign and execute said Amendment on behalf of the City of Pasco. Be It Further Resolved, that this Resolution shall take effect immediately. PASSED by the City Council of the City of Pasco, Washington and approved as provided by law this 18�'day of October, 2021. 7 � —— �"�� ' Saul Martinez Mayor ATTEST: APPROVED AS TO FORM: _�� .���I��� _ �� Debra Barham, CMC Kerr Fe- . 1=a`w, PLLC City Clerk Ci r ttorney Resolution—Amendment No. l to Term Building Lease (Port of Pasco/City of Pasco)- 1