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HomeMy WebLinkAboutAdden 2 LAG-97-004, Adden.191 SEA#044 A SECOND ADDENDUM TO OPTION AND SITE LEASE AGREEMENT The attached Option and Sit Lease Agreement made and entered into the �day of J�nQ A 1991,by and between �� OT , ("Lessor")and USWEST Communications Wireless Group,a division of USWEST Communications,Inc., a Colorado Corporation,("Lessee")of which this Addendum is made a part,is hereby amended and supplemented as follows: 1.As additional consideration for the removal of First Addendum Paragraph 4,amending Paragraph 5 of the Option and Site Lease Agreement,subsection(c)referring to the PCS handsets,Lessee shall pay to Lessor the additional sum of one thousand five hundred dollars($1,500.00). 2. The following shall replace Section 4(a)of the First Addendum to Option and Site Lease Agreement,modifying Paragraph 5 of the Option and Site Lease Agreement,entitled"Rent:" (a) Lessee shall pay Lessor,as rent,the sum of$617.40 per month. Beginning in September of each year,said rent shall be payable in advance to Lessor on or before the first day of each calendar month. At the beginning of September thereafter,the monthly rent shall automatically be increased in proportion to the percentage increase in the"All Items"category of the Consumer Price Index for Urban Wage Earners and Clerical Workers published by the Bureau of Labor Statistics of the US Department of Labor for Seattle Metropolitan Area(1967+ 100)(the"Index")for the twelve month period ending in July of each year. If an agreement is executed within six months prior to September,the increases will begin the following September. If the Consumer Price Index declines during a July to July period,in no event shall the rent be less than the original rent set forth in the agreement. If the above-referenced Index is discontinued,the parties agree to use a locally available comparable substitute. In witness whereof,the parties hereto have executed this instrument by proper persons thereunto duly authorized so to do on the day and year first herein above written. Dated thisA�#-day of�' , 1997. Lessor: By:_ esr anne ATTEST: Its: Ma ?Pl�irilyn J. Pe sen, City Clerk Lessee: USWEST Communications,Inc. By: � �� L�t�Ph Its: AVF lIyjl - hlc" USWEST C u io Wireless Group By: ,411 Its: