HomeMy WebLinkAbout2.54 Amendment 2 2.54
AMENDMENT NO.2 TO LEASE AGREEMENT
(Parking Facility)
WHEREAS,on May 19, 1998,the City of Port Angeles, a code city of the State of
Washington("Landlord"),entered into a Lease Agreement(referred to herein as"Lease
Agreement")with First Street Plaza L.L.C.,a limited liability company of the State of
Washington("First Street Plaza"),relating to"parking facilities"located in the Port Angeles
downtown central business district; and
WHEREAS,Tine Construction Services LLC("Tine) succeeded to the business,rights,
title and interests of First Street Plaza, including the Lease Agreement;
WHEREAS, the parties amended the Lease Agreement in November 2015;
Tine and Landlord("the Patties")for valuable consideration enter this Amendment No.
2.
It is hereby agreed:
I, The Lease Agreement and Amendments are attached hereto and incorporated herein by
this reference.
2. Paragraph I D of the November 2015 is further amended to read in entirety as follows:
In addition to all other of Tenant's obligations established in the Lease Agreement,as
amended,Tenant shall reimburse the City for its proportionate share of yearly ordinary
maintenance costs to Lots A and B. Tenant's proportionate share shall be determined by
dividing the square footage of Tenant's leasehold by the total square footage of Lots A and B
times the amount paid by the City. That amount will be due and payable upon billing by the
City.
In lieu of paying the Tenant's proportionate share of yearly ordinary maintenance costs,
Tenant may perform yearly ordinary maintenance,including,but not limited to,striping,
sweeping,and repairing minor pavement defects in Lots A and B. Tenant will coordinate with
the City prior to performing any ordinary maintenance. The City may deny the Tenant's request
to perform yearly ordinary maintenance in lieu of payment.
3. Except as expressly provided above,the 1998 Lease Agreement,as amended,is hereby
ratified and confirmed.
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IN W1 INess WHEREOF I have hercuutato set unnw hand and auffixc°t my officraa9 scaal the daa� and year first
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