HomeMy WebLinkAboutR-1991-D5864 Century Plaza LeaseRESOLUTION NO. 1 5864
A RESOLUTION authorizing the execution of a lease option for
Legal Department office space.
WHEREAS, the City of Yakima rents office space at 201
East Lincoln, Suite 5 within the City of Yakima for its Legal
Department from the Century Plaza Partnership pursuant to a
lease executed on or about August 1, 1989; and
WHEREAS, the City Council deems it to be in the best
interest of the City of Yakima to extend the aforementioned
lease for an additional two-year period on the same terms and
c(ndations as the existing lease, now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA:
The City Manager is hereby authorized and directed to
execute the attached and incorporated letter entitled
"Exercise of Lease Option for Legal Department Office Space"
with the Century Plaza Partnership.
ADOPTED BY THE CITY COUNCIL this%`/ day of January,
1991.
Mayor
ATTEST:
City Clerk
(res 'centurv.jv)
L I TY OF YAKIMA
LEGAL DEPARTMENT
201 E. LL\'COLLA, SUITE 5, YAKIMA, RA 98901 Phone: (509) 575-6030
SCAN 278-6030
EXERCISE OF LEASE OPTION FOR LEGAL DEPARTMENT OFFICE SPACE
January 15, 1991
Robert R. Dolsen
Dolsen Leasing Company
301 North 3rd Street
Yakima, WA 98901
Re: Lease Option Extension
Dear Mr. Dolsen:
Personally Delivered
By Resolution No. D-5864, the City Council has authorized and
directed me to exercise the lease option extension for Legal. De-
partment office space in the Century Plaza building for an addi-
tional two-year period. I take this action pursuant to Section 1.1
of the lease between the City and Century Plaza Partnership exe-
cuted on or about August 1, 1989. Under the terms and conditions
of that section, a copy of which is provided, the City may extend
its lease for an additional two-year term beyond July 31, 1991 at
the same terms and conditions of the existing lease for that space
which it rents from your partnership at 201 East Lincoln, Suite 5,
within the City of Yakima.
Can you please provide me with formal written acknowledgement of
the City's exercise of this lease option extension. Thank you.
Very truly yours,
R. A. ZAIS, JR.
City Manager
/las
enclosure
c: Legal Department
right during tbe initial two-year term of this Lease. upon giving sixty (60)
days' written notice, to terminate tbe Lease prior to the initial expiration
date. In order to exercise this right. Lessee must pay to Lessor an amount
equal to tbe product of FOUR HUNDRED FIFTY and NO/100 DOLLARS ($450.00)
the number of months remaining in the initial two-year term (e.g., in the event
the Lease is terminated after the 10th month. then the number of months remain-
ing would be 14). This payment requirement relating to early termination is
intended to compensate Lessor for the costs incurred in renovating the leased
premises for Lessee's purposes, said renovation being generally described on
Exhibit B attached hereto.
1.1 Option to Extend Lease: Provided that Lessee remains current in
tbe payment and performance of its obligations under this Lease and provided
that Lessee has not exercised the right of early termination as provided for
above, Lessor hereby grants to Lessee the option to extend this Lease for an
additional two (2) years ("option term") following tbe end of the initial
two-year term hereof. The following terms and conditions shallbe applicable to
the option and to the option term:
(a) Exercise of Option: In order to exercise the option to
extend this Lease, Lessee must give to Lessor written notice of intent to extend
the Lease, said not 1 to be personally delivered to Lessor not later than six
(6) months prior to the end of the initial two-year term of this Lease.
(b) Terms and Conditions Applicable to Option Term: If Lessee
exercises its option to extend this Lease for said additional two-year term
(i.e.. option term). then all of the terms and conditions of this Lease shall be
applicable to the option term. including the mount of base rental as provided
for in paragraph 2.0 hereof.
2.0 BASE RENTAL: The base rental for the leased office space and the
nonexclusive use of common areas shall be ONE THOUSAND EIGHT HUNDRED THIRTEEN
and NO/100 DOLLARS ($1,813.00) per month, payable in advance on or before the
first day of each calendar month.
3.0 BUSINESS PURPOSES: The leased office space is to be used for the City
Attorney's office and/or other City office purposes and for no other purpose
es
OFFICE LEASE AGREEMENT
2 MGS/LEAS20