HomeMy WebLinkAbout04/15/2025 07.I. Resolution authorizing an amendment to the Commercial Lease Agreement with the Greater Yakima Chamber of Commerce for property located at 10 North 9th Street in Yakima `y Iljlt
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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 7.1.
For Meeting of: April 15, 2025
ITEM TITLE: Resolution authorizing an amendment to the Commercial Lease
Agreement with the Greater Yakima Chamber of Commerce for
property located at 10 North 9th Street in Yakima (General Fund
Revenue)
SUBMITTED BY: Sara Watkins, City Attorney
SUMMARY EXPLANATION:
The original Purchase and Sale Agreement for 10 North 9th Street between the City and the Chamber
included in its consideration the ability for the Chamber to use the building for six months. The Chamber
requested to extend the term for an additional four months through August 31, 2025, and pay the City
$1,200.00 per month for each month of the extension. The remaining terms and conditions of the
original agreement remain the same.
ITEM BUDGETED: No
STRATEGIC PRIORITY 24-25: A Thriving Yakima
RECOMMENDATION: Adopt Resolution.
ATTACHMENTS:
Resolution
Chamber of Commerce_Lease_Amendment.docx
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RESOLUTION NO. R-2025-
A RESOLUTION authorizing an amendment to the Commercial Lease Agreement between
the City of Yakima and the Greater Yakima Chamber of Commerce for
property located at 10 North 9th Street in Yakima.
WHEREAS, the City of Yakima purchased the property at 10 North 9th Street from the
Greater Yakima Chamber of Commerce on or about October 31, 2024, and as part of the
consideration of the purchase, the Greater Yakima Chamber of Commerce and the City of Yakima
entered into a Commercial Lease Agreement with a term through April 30, 2025; and
WHEREAS, the Greater Yakima Chamber of Commerce is requesting additional time to
move out of the building, and has requested that the term be extended through August 31, 2025,
an additional four months; and
WHEREAS, the original consideration for the Lease was included in the Purchase and
Sale Agreement for the initial term of the lease; and
WHEREAS, additional consideration is needed for the additional months of the term and
the parties have agreed on the amount of rent per month for the additional four months, which will
be $1,200.00 per month; and
WHEREAS, the City Council of the City of Yakima finds that it is in the best interests of
the City and its residents to amend the Commercial Lease between the City and the Greater
Yakima Chamber of Commerce to extend the term and amend the rent; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA:
The City Manager is hereby authorized to execute the Amendment to Commercial Lease
Agreement executed on 10/31/24, attached hereto and fully incorporated herein.
ADOPTED BY THE CITY COUNCIL this 15th day of April, 2025.
ATTEST: Patricia Byers, Mayor
Rosalinda Ibarra, City Clerk
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AMENDMENT TO
COMMERCIAL LEASE AGREEMENT
EXECUTED ON
10/31/24
THIS AMENDMENT TO THE COMMERCIAL LEASE AGREEMENT is made and
entered into by and between the City of Yakima, Landlord, and the Greater Yakima Chamber of
Commerce, Tenant, and mutually agrees to the Amendment of the Commercial Lease
Agreement executed on October 31, 2024, as follows:
1. The TERM of the Lease, as outlined in Article III, shall be extended to August 31, 2025,
unless terminated earlier under the terms of the Lease, at which time the Lease will
automatically terminate without further notice. All other portions of Article III shall remain
the same and in force and effect during the extended term of the Lease.
2. ARTICLE IV: RENT, Section 4.1 shall be amended to state as follows:
Section 4.1 Base Rent. This Lease is entered into as part of that certain Commercial &
Investment Real Estate Purchase and Sale Agreement dated on or about June 20, 2024,
between the parties ("Purchase Agreement"). The consideration for this Lease, in part,
is provided for by the terms of the Purchase Agreement. As such, the base rent for this
Lease through April 30, 2025, shall be $0.00 per month. The base rent for this Lease
starting on May 1, 2025, shall be $1,200.00 per month, payable in advance on or before
the first of each month during the Term of the Lease.
3. ARTICLE VI: RENT, section 4.4 shall be amended to state as follows:
Section 4.4 Payment of Rent. All rent payments shall be sent to Landlord at the
following address: 129 North 2nd Street, Yakima, Washington, 98901, c/o Cally Price, or
to such other address as Landlord may from time to time designate.
Except as expressly modified herein, all other terms and conditions of the original Commercial
Lease Agreement executed on October 31, 2024, shall remain in full force and effect.
If any section, subsection, paragraph, sentence, clause or phrase of this Amendment is
declared invalid or unconstitutional for any reason, such decision shall not affect the validity of
the remaining portions of this Amendment or the original Commercial Lease Agreement.
LANDLORD: TENANT:
CITY OF YAKIMA GREATER YAKIMA CHAMBER OF COMMERCE
Victoria Baker, City Manager Kristi Foster, CEO/President
129 North 2nd Street 10 North 9th Street
Yakima, WA 98901 Yakima, WA 98901
Dated: Dated:
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