HomeMy WebLinkAboutAdden 2 � ,.
LAG-13-001 , Adden #2-16
ADDENDUM "B" TO CARCO THEATRE LEASE
WHEREAS the Lease premises was constructed in 1971 and consists of a 300-seat, 6,441 sf
theatre-auditorium; 2,406 lobby area; and 2,248 square feet of basement office;
WHEREAS the age and condition of the Lease premises requires increased repairs, maintenance
and improvements; and
WHEREAS the PSA office and studio are housed in the basement area; and
WHEREAS the City owns the premises and it is in the best interest of the city to keep the
premises in good repairs and to allow full access of the premises by the community and other
_- groups for performances, meetings, exhibits,training, etc.; and _ __ _._. _ _ _.._ _.
WHEREAS PSA, under this Lease, is willing to perform repairs and maintenances of the whole
premises and will be responsible for seeking grants and donations to improve the lobby and the
theatre; and
WHEREAS improvements to the premises will benefit the City and the community in general;
now therefore
The City and the PSA wish to further amend the Lease by adding the following terms to the
sections referenced herein:
1.9.1 Base Rent: The Monthly Base Rent Amount shall be zero ($0.00) effective January 1,
2016 through December 31, 2018.
1.9.4.2 PSA Improvements:The City agrees to reimburse PSA the value of the improvement in
the amount of$36,079.31, net of any credit taken as rent reduction taken prior to January 1,
2016, upon the execution of this addendum.
LESSOR: City of Renton LESSEE: Puget Sound Access
By: By: �
Denis Law, M yor Jef ery D. cCord, Executive Director
Date: � q , 2016 Date: �/�Z6 - ��P , 2016
Attest:
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Jas A. S h, Clerk ��e ���`�'%
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Approved as orm: r� �°��� ��`
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By. Lawrence J. Warren, City Atto`°��i���l4lltl\��?�'`,\�\,`