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HomeMy WebLinkAboutR-2026-075 third amendment agmt with Yak Greater Chamber_chamber buildingA RESOLUTION RESOLUTION NO. R-2026-075 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 a 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. ATTEST: osalinda lbarra, CMC, City Cle 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: SUMMARY EXPLANATION: Gary Bellew, Assistant City Manager 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