HomeMy WebLinkAboutCouncil Resolutions 1609 RESOLUTION NO. 16000
A RESOLUTION APPROVING A 2-YEAR EXTENSION OF THE LEASE
AGREEMENT BETWEEN THE CITY OF CENTRAL POINT AND FREEL &
ASSOCIATES, LLC COVERING THE PREMISES LOCATED AT 650 EAST PINE
STREET
RECITALS:
1. In January 2017, the City Council approved a new agreement with the Central Point
Chamber of Commerce for the operation of the Visitors Information Center.
2. Part of the operating agreement included the lease agreement covering the premises
located at 650 East Pine Street.
3. The lease agreement expired on December 31, 2019, and City staff has worked with
the property owners to negotiate a 2-year extension which covers the period January
1, 2020, to December 31, 2021.
The City of Central Point resolves as follows:
To approve a 2-year extension (January 1, 2020 — December 31, 2021) of the lease
agreement between the City of Central Point and Freel & Associates, LLC covering the
premises located at 650 East Pine Street.
Passed by the Council and signed by me in authen/ ation of its passage this 27th day of
February 2020.
Cou l Presided Tainee wning
ATTE
City Recorder
DocuSign Envelope ID:D31617D6-224E-4DD9-A94D-CA2OEE1F4DD6
FIRST AMENDMENT TO LEASE
EXTENSION AGREEMENT
THIS AGREEMENT is made this first day of February,2020 by and between C.David Fred,doing
business as,FREEL&ASSOCIATES LLC,hereinafter referred to as"Lessor"and the City of Central Point,(an
Oregon municipal cooperation)hereinafter referred to as"Lessee".This is the FIRST extended term of the original
lease dated January 13,2017.
RECITALS:
WHEREAS,Lessee and Fred&Associates,LLC,entered into a Lease dated January 13,2017(the
"Original Lease")covering the premises located at 650 East Pine St.,Central Point,Oregon(as more fully described
in the Original Lease as the "Premises");
A. Lessee now desires to reinstate/renew or extend said Lease on the terms and conditions set forth
herein for an additional twenty four(24)months.
NOW,THEREFORE,for the reasons recited above and in consideration of the following mutual promises
and covenants,the parties hereby agree as follows:
1. EXTENSION. The parties hereby agree to extend or renew the term of the Lease attached
hereto as Exhibit"A"for an additional 24-month term. This extension renewal term will be from
January 1,2020 and shall terminate at midnight December 31,2021.
2. RENTAL. Beginning with the payment due on March 1,2020 the parties agree that the basic rent
for said property is the sum of$1312.50(1.25/sq.ft)per month. This shall be paid on or before
the first day of each month.
3. CONTINUATION. Unless otherwise modified or amended by the terms of this Agreement all
other terms and conditions of the aforementioned Commercial Lease Agreement,attached as
Exhibit"A"shall remain in full force and effect and binding between the parties. This includes
Lessee's obligation to pay basic rent and all other costs,charges and expenses called for pursuant
to the terms of the said Lease.
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DocuSign Envelope ID:D31B17D6-224E-4DD9-A94D-CA20EE1F4DD6
4. RECITALS. The parties hereby incorporate by reference the recitals set forth above.
5. ATTORNEY FEES. In the event a suit or action is filed concerning this Agreement then the
. prevailing party shall be awarded their reasonable attorney fees as set by the trial court,or if on
appeal,by the appellate court.
IN WITNESS WHEREOF,the parties have executed this Agreement on the day and year first above
written.
LESSOR:
C.DAVID FREEL,dba:
FREEL&AUS6OTES,LLC
By r—c_ �4..1
C.Dar°omsi00 Its:Managing Member
1/30/2020
Date
LESSEE:
City of Central Point
By
Chris Clayton Its:City Manager
Date
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