HomeMy WebLinkAboutC2022-255 - 12/6/2022 - Approved DocuSign Envelope ID:5321AFE2-6496-4839-97D5-9DA2F1A8FAE3
FIRST AMENDMENT TO LEASE
DATED AS OF FEBRUARY 1, 2023 BETWEEN
CITY OF CORPUS CHRISTI (-LESSEE")
AND
BAYVIEW TOWER, LLC (-LESSOR")
Lessor and Lessee have previously entered into a Lease dated January 13, 2021 concerning
Leased Premises located at 400 Mann Street, Suite 902, Corpus Christi, Texas 78401 and now
wish to amend such Lease.
Now, therefore, in consideration of the mutual covenants and agreements herein contained,
Lessor and Lessee agree that the Lease shall be and is hereby amended, effective as of the date
set forth above (the"Effective Date") as follows:
1. Paragraph No. 2 ("Term') shall be modified to extend Lease Term by changing expiration
date from January 31, 2023 through midnight January 31, 2025.
2. Paragraph No. 3(a) ("Rent") shall be modified to adjust Lessee's Rent schedule throughout
the extended Term as follows:
Lease Period Annual Monthly Rent Total Over Period
Rate/ sf
02/01/2023 - 01/31/2024 $15.10 $4,582.85 $54,994.20
02/01/2024 - 01/31/2025 $15.40 $4,673.90 $56,086.80
3. Paragraph No. 3(b) ("Rent") shall be modified to change Lessee's Base Year from 2021 to
a Base Year 2023.
4. To the extent that the provisions of this Amendment conflict with any provisions of the
Lease, such provisions of this Amendment shall prevail and govern for all purposes and in
all respects.
5. This Amendment may be executed in several counterparts and shall be valid and binding
with the same force and effects as if all parties executed the same Amendment. The
Parties agree that facsimile, electronic or a .pdf version of a signed counterpart shall be
as effective and have the same force and effect as the original thereof.
6. Each Party hereby represents, warrants and covenants to the other Party that: (a) the
execution, delivery and performance by it of this Amendment has been duly authorized
by all necessary action; (b) its representative signing this Amendment is authorized to
sign on its behalf; and (c) this Amendment constitutes the legal, valid and binding
obligation of such Party, enforceable against such Party in accordance with its terms.
7. If any provision of this Amendment is held to be invalid, illegal, or unenforceable, the
validity, legality and enforceability of the remaining provisions shall in no way be affected
or impaired.
8. Except as expressly modified by this Amendment, the Lease is hereby ratified and
confirmed. The remaining terms, conditions, and provisions of the Lease shall remain in
full force and effect.
DS
Amend City of CC �
DocuSign Envelope ID:5321AFE2-6496-4839-97D5-9DA2F1A8FAE3
FIRST AMENDMENT TO LEASE
PAGE 2OF2
IN WITNESS HEREOF, the parties have executed this Amendment, as of the Effective Date set forth above,
by and through their duly authorized representatives.
LESSOR: LESSEE:
BAYVIEW TOWER, LLC CITY OF CORPUS CHRISTI
DocuSigned by:
DacuSigned by:
By: nA&Vr'A7Q-Anaabg By:
Name: Kelly Lona Name: Josh Chronley
Title: Manaaina Member Title: Assistant Director-Finance & Procurement
Date:
11/1/2022 Date: 12/14/2022
71=d�,� To Legal Form
�t'a� 11/23/2022
As—6s '0-8Ty'Xttorney Date M2022-174 Authorized By
Council 12-6-2022
DS
ATTEST:
Docusigned by:
iv4 � 7
Rebecca Huerta
City Secretary
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Amend City of CC [