HomeMy WebLinkAbout2.70 Amendment (3) 2.701
SECOND AMENDMENT TO LEASE AGREEMENT
WHEREAS,on September 2,2009,the City of Port Angeles,a municipal corporation of the
State of Washington ("City"), entered into a Lease Agreement (referred to herein as "Lease
Agreement") with Blowhard Glass, LLC, a limited liability company of the State of Washington
("Lessee"), granting occupancy of the building located at 110 E. Railroad Avenue; and
WHEREAS,on October 11,2012,the parties amended the lease to assign it to Robert Stokes;
and
WHEREAS, Robert Stokes and City ("the Parties") enter this Second Amendment on this
day o� ._ , 2014, for the purposes of extending the Lease Agreement between the
Parties.
Now, therefore for good and adequate consideration, the parties hereby agree:
1. The Lease Agreement is amended as follows:
A. Term. Section 2 of the Lease is amended to read as follows:
This lease shall be for a term commencing on the first day of October
2009 and terminating at midnight on August 31, 2019.
B. Rent. Section 3 of the lease is amended to read as follows:
The Lessee agrees to pay the City the sum of Five Hundred($500.00)
Dollars plus leasehold tax due on or before the 10`" day of each month for the year 2014. For each
year of the lease thereafter, the monthly rental amount shall be adjusted by increasing the monthly
rate by the percentage increase in the CPI. The adjustment shall be effective in September if each
year. For this purpose,the increase in the CPI shall be the annual average percentage increase in the
CPI-U,West Region,index base period 1982-84=100, as reported in June of each year. The Lessee
agrees to pay the monthly rental amount and all leasehold taxes on or before the 10`" day of each
month. For lease payments more than three days late, there shall be a late fee of$10.00 plus one
dollar per month interest.
3. Except as expressly provided above, the 2009 Lease Agreement, as amended, is
hereby ratified and confirmed.
IN WITNESS WHEREOF,this lease has been executed the date and year first above written.
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CITY OF PORT ANGELES ROBERT STOKES
Dan McKeen, City Manager i6bert Stokes
Attest:
0/
,�fnnifer Veneklasen, City Clerk
Approved as to form:
William Bloor, City Attorney