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HomeMy WebLinkAbout05/19/2026 07.F. Resolution third amendment agmt with Yak Greater Chamber_chamber building !, • r‘ , F s BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEMENT Item No. 7.F. For Meeting of: May 19, 2026 ITEM TITLE: Resolution authorizing the third amendment to the Commercial Lease Agreement with the Greater Yakima Chamber of Commerce SUBMITTED BY: Gary Bellew, Assistant City Manager SUMMARY EXPLANATION: The Resolution authorizes the execution of the Third Amendment to the Commercial Lease Agreement between the City of Yakima and the Greater Yakima Chamber of Commerce. The amendment will extend the lease to September 30, 2026. ITEM BUDGETED: N/A STRATEGIC PRIORITY 24-25: A Thriving Yakima RECOMMENDATION: Adopt Resolution. ATTACHMENTS: Resolution for 3rd Amend to Chamber Lease.docx 3rd Amendment Chamber Lease 05132026.docx 82 RESOLUTION NO. R-2026- A RESOLUTION authorizing a third 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 and the City of Yakima previously executed an amendment extending the term of the lease through August 31, 2025 for the monthly rent of$1,200 per month; and WHEREAS, the Greater Yakima Chamber of Commerce and the City of Yakima previously executed an second amendment extending the term of the lease through May 31, 2026; and WHEREAS, the parties agree that an additional extension of the lease through September 30, 2026, is in their mutual interest and the monthly rent specified in the first lease amendment remains in effect; now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA: The City Manager is hereby authorized to execute the Third Amendment to Commercial Lease Agreement Executed on 10/31/24, attached hereto and fully incorporated herein. ADOPTED BY THE CITY COUNCIL this 19th day of May, 2026. Matt Brown, Mayor ATTEST: Rosalinda Ibarra, CMC, City Clerk 1 83 THIRD AMENDMENT TO COMMERCIAL LEASE AGREEMENT EXECUTED ON 10/31/24 THIS THIRD 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, which mutually agree to further amend the Commercial Lease Agreement executed on October 31, 2024, and as amended on April 17, 2025 and August 19, 2025 as follows: 1. Article III: Term, shall be amended to read as follows: The Lease term shall commence on November 1, 2024 ("Commencement Date") and shall continue through September 30, 2026, unless terminated earlier under the terms hereof, at which time the Lease will automatically terminate without further notice. Tenant and any subtenant shall fully vacate the Premises upon termination of the Lease and possession of the same shall revert to Landlord. Except as expressly modified herein, all other terms and conditions of the original Commercial Lease Agreement executed on October 31, 2024, and Amendments to Commercial Lease Agreement dated April 17, 2025 and August 19, 2025 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 84