The URL can be used to link to this page

Home My WebLink AboutLease Renewal and Addendum with Generations Plaza, LLC for Generations Plaza PatioSecond Renewal and Addendum to Lease for Generations Plaza Patio THIS Second Addendum is made and entered into this ~ ay of September, 2011 by and between the City of Meridian, 33 E. Broadway, Meridian Idaho, 83b42, a municipal corporation of the State of Idaho ("Lessor"), and Generations Building LLC, 91o Main Street, Suite 358, Boise, Idaho, 83702 ("Lessee"~, an Idaho Limited Liability Company. wITNESSETH: WHEREAS, Lessor and Lessee have entered into a Generations Plaza lease agreement dated October i~, 2000, in which the Lessor, among other provisions granted to the Lessee certain premises commonly referred to as the "patio" located at Generations Plaza in downtown Meridian to be occupied and used for the purposes stated therein; and, WHEREAS, Lessor and Lessee entered into a Renewal and Amendment of the Lease which, among other things, extended the lease term through September 30, 2012; and, WHEREAS, Lessor and Lessee desire to extend the lease term through September 30, 2oi~ on certain terms and conditions contained herein. NOW, THEREFORE, the Lease Agreement is hereby amended in the following particulars: Second Addendum to Lease for Generations Plaza Patio -page 1 of 4 i. RENEWAL: The Term of the lease shall be renewed for an additional five years, terminating on September 30, 2oi~ 2. RENT: Retroactive to October 1, 2010, the annual rent payment requirement shall be eliminated. The consideration for the lease shall be deemed sufficient based on the inducement provided to a tenant who can provide local employment opportunities and enhance the vibrancy of downtown Meridian. 3. ASSIGNMENT AND SUBLETTING: The subtenant of the Patio Lease, McTime, Inc. is hereby approved by Lessor and all references in the lease documents to a named tenant shall be replaced with "MeTime, Inc." 4. INSURANCE: In addition to the insurance required of Lessee under the Patio Lease, Lessee shall also require that McTime, Inc. designate The City of Meridian as an additional insured under in its public liability and dram shop liability insurance policy. Lessor and Lessee agree that, except solely as replaced, changed, modified, or amended above, the terms, conditions, and provisions of the agreement dated October i~, 2000 and the October i1, 200 Renewal and Amendment shall apply to, and shall govern, this amendment of the agreement, and any and all further renewals or extensions of it. IN WITNESS WHEREOF, the Lessor and Lessee do execute this Addendum the day and year first above written. Second Addendum to Lease for Generations Plaza Patio -page 2 of 4 CI'T'Y OF MERIDL~IIT LESSOR ..- By Mayor T y de Weerd Attest• ~ ~' ~~ e j {, 'y A' b J~ ~^ R~y„P ~ '~~ r, ' ~ ,. cee Holman, City Clerl .w ~nM .^+^.:x. ... A~ ~ r .. ~fj ~' ~w f 4 } " ~5 1 ~~d~ ~~ ~ R ~~ u ~ , ~~~ `~'r'°' ° ~ ~ ~ ~ ~~:~`~RATI4NS BUILDING, ~ LESS E ~., Gary P. Benoit Second Addendum to Lease for Generations Plaza Patio -page 3 of 4 STATE OF IDAHO, ) SS County of Ada, ) Rd l On this ~ day of c~ 2oii, before me, the undersigned, a Notary Public in and for said State, personally appeared Gary P. Benoit, known or identified to me to be the Manager of Generations Building, LLC, who executed the instrument and acknowledged to me that they executed. the same on behalf of said entity. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. (SEAL SAM ALLAH ~10TAR~( ~~~LI ~TAT~ ~~' IDA~r.~ Notary Public r I o Residing at• O~-a- ~0 My Commission Fxpires: STATE OF IDAHO ) SS County of Ada ) On this ~~- day of ~~e-~eM~l , 2ee~, before me, a Notary Public, personally appeared Tammy de Weerd and Jaycee L. Holman, know or identified to me to be the Mayor and City Clerk, respectively, of the City of Meridian, who executed the instrument or the person that executed the instrument of behalf of said City, and acknowledged to me that such City executed the same. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. ~~~.r~. .~ c~ICA ~'~, ~~~ ' ~ h r I o (SEAL) . ~, p TA ~' ~ N ry Pub c dah • ,~ ~;~ . Restd~ng at: ~ tom. n l D Commission expires: ~~ ~ ~t ~[ 4 ~ . ,` ~ f _- •~ 1~, ~F i~~'•~• •~r~~r~• Second Addendum to Lease for Generations Plaza Patio -page 4 of 4 ~ h ~ /~ ~`~ " CERTIFICATE aF LIABILITY iN °"'~'M'~°°`~~ SURANCE 9/20/2011 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER~Sj, AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(fesj must be endorsed. If SUBROGATION IS WAIVED, subject to the harms and conditions of the policy, certain policies may require an endorsement. A statement on this certlflcate does not confer rights to the certificate holder in lieu of such endorsemen~sj. ~ NAME:A Shannon Kinney Premier Alliance P&C Inc . PHONE . (208 465-6666 FAX .1208) 465-6648 5660 E Franklin Rd Ess;shannonk@premierallianee.net Suite 321 ~~°,,,,,p0000224 Nam a ID 83687 INSU S AFFORDING COVERAGE NAK: ~ eISURED INSURER a ~t11c0 1910 0 INSURER B Generations Building LLC, ~ISURERC: DBA: Generations I Building INSURER D 910 Main Street Suite 358 INSURER E Boise ID 83702-5740 wsuRERF: ww. n~.w ~ wr.w 4VYCrwVG~1 t:tKl Itl(:A 1 t NUMEiER:IUll-lull Allied Master REVISION NUMBER: 1 I'll,) IJ t V VtK I ItY t IiA I I hE PULIGIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTIMTHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT 1MTH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS , EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. LTR TYPE OF INSURANCE A POLICY NUMBER POLICY EFF MPtX_ICY EXP ~~ GENERAL LIABILITY EAGH OCCURRENCE $ 1, 000, OOO X COMMERCIAL GENERAL LIABILITY PREMISE Ea ocxurrence $ 300 ~ 004 A CLAIMS-MADE a OCCUR X P7571522976 /21/2411 /21/2012 MED EXP (Any one person] $ 1, 000 PERSONAL&ADVINJURY $ 1,000,000 GENERAL AGGREGATE $ 2 000 000 , , GEN'L AGGREGATE LIMIT APPLIES PER: PRODUCTS - COMPIOP AGG $ 2 ~ 000, OOO X POLICY PROT- LOC $ AUTOMOBILE LIABILITY COMBINED SINGLE OMIT ANY AUTO (Ea acadent) $ ALL OWNED AUTOS BODILY INJURY (Per person) $ SCHEDULED AUTOS BODILY INJURY (Per acgdent) $ PROPERTY DAMAGE $ hIiRED AUTOS (per accident) NON-0WNED AUTOS $ $ UMBRELLA IiAB OCCUR EACH OCCURRENCE $ EXCESS UAB CLAIMS-MADE AGGREGATE $ DEDUCTIBLE $ RETENTION $ $ WORKERS COMPENSAT10i~1 WC STATU- OTH- AND EMPLOYERS' LIABE.ITY Y 1 N ANY PROPRIETORIPARTNERIEXECUTNE OFFICERIMEMBER EXCLUDED? ^ N 1 A E.L. EACH ACCIDENT $ IMandatay in NH) if es describe nd E.L. DISEASE - EA EMPLOYE $ y , er u DESCRIPTION OF OPERATIONS bebw E.L. DISEASE -POLICY LIMIT $ DESCRIPTION OF OPERATIONS I LOCATIONS I VEHICLES (Attach ACORD 101, AdcOtional Remarks Schedule, it more apace Is required) Re: 114 B Idaho Ave Meridian, ID 83642 City of Meridian is additional insured as their interst appears. CERTIFICATE HOLDER __ _ _ _ CANCELLATION City of Meridian 33 E Broad~ay Meridian, ID 83642 SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. AUTHORIZED REPRESENTATNE Shannon Kinney/SHAKIN "'~~~ fir, r- : ~ Y-. L ~ ~+vvRV ~~ ~~warua~ U 1988-2009 ACORD CORPORATION. All right reserved. INS025 (2oosos) The ACORD name and logo are registered marks of ACORD i ~ • A~pRO~ oP ID: NG ~,....- CERTIFICATE QF LIA DATE (MNIDDIYYYY) BILITY INSURANCE THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONE 09/20111 CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND EXTEND OR RS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACTTBR THE COVERAGE AFFORDED BY THE POLICIES REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. ETWEEN THE ISSUING INSURER{S), AUTHORIZED IMPORTANT; if the certificate holder is an ADDITIONAL INSURED, the policy{iesj must be endorsed. ff SUBROGATION IS WAIVED the tenors and condhions of the policy, certain policies may require an endorsement A statement on this certfficate does not confer ri subject to certificate holder in lieu of such endorsemen s . ghts to the PRODUCER 208-336-7711 c T CT Blaine & Co., Inc.-Boise NAME: Ne Garda 208-336-8451 P,~ o ; 208-336-7711 Fax 6307 W, in#erchange Lane ac No ; 208.336-8451 Boise, ID 83709 an~~; nery biaineins.com Norma P. Munoz ~ ~~~.n *, METIME1 Inc. dba ~suR~s) ANG covERA+~E INSURE Me Time Coffee House NAIL ~ , It's All About You Catering IN~aER A :The Hartford 38288 2326 E. Wigle Drive INSURER B Meridian, ID 83646 INSURES c INSURER D INSURER E INSURER F COVERAGES CERTIFICATE NUMBER: . THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEE REVISION NUMBER: N ISSUED TO THE INSU INDICATED. NOTIMTHSTANDING ANY REQUIREMENT TERM OR CONDITION OF ANY CONTR RED NAMED ABOVE FOR THE P OLICY PERT D , ACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THi CERTIFICATE MAY BE ISSUED OR MAY PERTAIN S THE INSURANCE AFFORDED BY T , HE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN RED THE TER MS, UCED BY PAID CLAIM NSR S. LTR TYPE OF INSURANCE POLICY NUMBER MMPO~CY EFF MPOLICY EXP LIMITS GENERAL LIA~LITY A X COMMERCIAL GENERAL LIABILITY X 34SBAN06517 ~'~,~,~ 09104112 EACH OCCURRENCE $ 2,000,0 CLAIMS-MADE ~ OCCUR PREMISES Ea o~xurronce $ 300,0 MED EXP (Arty one Persor-) $ 10,00 PERSONAL 8 ADV INJURY $ 2,000, GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE $ 4,000, PRO- POLICY LOC PRODUCTS - COMP~OP AGG $ 4,000, AUTOMOBILE LIABILITY $ A ANY AUTO SBANO6517 OglOg11 ~ ~~~ ~ COMBINED SINGLE LIMIT (Ea acadent) $ 2,000, ALL OWNED AUTOS BODILY INJURY (Per person) $ SCHEDULED AUTOS BODILY INJURY (Perarxident) $ X HIRED AUTOS PROPERTY DAMAGE $ X (Per acadent) NON-OWNED AUTOS $ UMBRELLA UAB OCCUR $ EXCESS LIAB CLAIMS-MADE EACH OCCURRENCE $ AGGREGATE $ DEDUCTIBLE RETENTION $ $ WORKERS COMPENSATION $ AND EMPLOYERS LIABIt.IIY Y! N WCY TATT- TH- ANY PROPRIETORlPARTNERIEXECUTIVE OFFICERIMEMBER EXCLUDED? ~ N ! A E.L. EACH ACCIDENT $ I+~ M NH) If yes, describe under E. L DISEASE - EA EMPLOYE $ DESCRIPTION OF OPERATIONS bebw E.l. DISEASE - POLICY LIMIT $ DESCRIPTION OF OPERATIONS / LOCATIONS t VEHICLES JAttach ACORD l01, Addidonai Remarks Schedule, if more space is required) Ci of Meridian is named as an additional rnsured ith w respects to the liability. Fax# 208-888.7173 CERTIFICATE HOLDER CANCELLATION CITMER2 City of Meridian Attn: Sherry Ewing 660 E. Watertower Ln., #150 Meridian, ID 83642 ACORD 25 {2009109) SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CAA~ELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. AUTHORIZED REPRESENTATNE ~~ rr ~'"~ 01988-2~9 ACORD CORPORATION. All rights reserved, The ACORD name and logo are registered marks of ACORD