HomeMy WebLinkAboutLease Agreement Meridian Office and Convention Center Old and New Lease (2)~~
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Office/ LEASE Gross ~> ~ ~~..
(Multi-Tenant Building)
THIS BASIC LEASE PROVISION made as of the, November 4, 1997 ,between
Meridian Office and Convention Center a Idaho Limited Liability Corporation (Owner),
and TENANTS City of Meridian.
Leases of Premises
The Owner hereby leases to the Tenant (Lessee) and the Tenant hereby Leases
from the Owner (Lessor) subject to the terms and provisions of the Lease, including the General
Provisions hereafter set forth and the Exhibits hereafter identified and attached hereto, those
certain premises (hereafter "Premises") shown and described on attached hereto and made a part
hereof, which Premises are located in and adjacent to that certain building described in Section 1.2
of the STANDARD OFFICE LEASE attached. Common Area's shall mean hallways areas,
parking areas, landscaping and other improvements, together with the underlying land.
BASIC LEASE PROVISIONS
Building Name: Meridian Office & Convention Center
Address: 200 E Carlton
2. Building Rentable Area 23,700 Square Feet
3. Net Rentable area of Premises: 943 Square Feet
4. Premises Percentage: 4
Basic Annual Rent: $12,259.00 (..$13.001 Per square foot).
6. Monthly Rental Installments: $1.021.58
7. Rent Adjustment:__ 3.5 % per year
8. Initial Term: Three Years ( 3 )years.
9. Target Commencement Date: January 15. 1998
10. Option(s) to Renew: 1 Three (3~ear terms
11. Security Deposit: $ Upon si tgtiing of the Master Lease a $1 021 58 as partial payment of
last months rent. First months rent due upon occupancy of "Premises"
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Page 2
12. Tenants address for Deliver of Notices:
Legal Name of Tenant: City of Meridian
Att: Mayor Robert Ee~} Co2Rr~
Address 33 E Idaho St.
City, State, Zip Meridian ID 83642
Telephone (208) 888-4433
Facsimile (208) 887-4813
E-mail address bfreclleton@interplus.com
13. Owners Address for Payment of Rent and Delivery of Notices:
Name: Coldwell Banker Commercial
Street 316 E Bannock St
City, State, Zip Boise, ID 83702
Telephone (208) 344-7171
Facsimile (208) 344-6111
E-mail address cbcomidaho@rmci.net
14. Exhibits Attached :Master Lease Exhibit "A" (Floor Planl: Exhibit "B" (Rules and
Regulationsl: Exhibit "C" (Work Letter to Standard Office Lease)- Exhibit D (Addendum
to Master Lease Terms and Conditions. To follow upon signing of these"Basis Lease
Provisions".
IN WITNESS WHEREOF, the parties have agreed to the basic terms and
conditions of the Master Lease as of the date first above written.
OWNERS (Lessor):
Ti Mussell
~ ~ ,..
Vernon Chitwood
Tenant (Lessee)
By:
Mayor: Robert E~ry_/,Assignees
c:o ~'u~~
Assignees
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(~ ~ V - ~ 1997
Office/ LEASE Gross r, ~ ~h p i
(Multi-Tenant Building) ~ ~~ r~'~~t:.,).:a. e
THIS BASIC LEASE PROVISION made as of the, November 4, 1997 ,between
Meridian Oflice and Convention Center a Idaho Limited Liability Corporation (Owner),
and TENANTS City of Meridian.
Leases of Premises
The Owner hereby leases to the Tenant (Lessee) and the Tenant hereby Leases
from the Owner (Lessor) subject to the terms and provisions of the Lease,, including the General
Provisions hereafter set forth and the Exhibits hereafter identified and attached hereto, those
certain premises (hereafter "Premises") shown and described on attached hereto and made a part
hereof, which Premises are located in and adjacent to that certain building described in Section 1.2
of the STANDARD OFFICE LEASE attached. Common Area's shall mean hallways areas,
parking areas, landscaping and other improvements, together with the underlying land.
BASIC LEASE PROVISIONS
Building Name: Meridian Office & Convention Center
Address: 200 E Carlton
2. Building Rentable Area 23.700 Square Feet
3. Net Rentable area of Premises: 3420 Square Feet
4. Premises Percentage: 14.4
Basic Annual Rent: $37.620.00 ($11.00 Per square foot).
6. Monthly Rental Installments: $3.135.00
7. Rent Adjustment: 3.5 % per vear
Initial Term: Three Years ( 3 )years.
9. Target Commencement Date: January 15. 1998
10. Option(s) to Renew: 1 Three (32vear terms
11. Security Deposit: $ Upon signing of the Master Lease a $3 500 as .partial payment of last
months rent. First months rent due upon occupancv of "Premises"
Page 2
12. Tenants address for Deliver of Notices:
Legal Name of Tenant: City of Meridian
Att: Mayor Robert E-orp Qo22i~
Address 33 E Idaho St.
City, State, Zip Meridian ID 83642
Telephone (208) 888-4433
Facsimile (208) 887-4813
E-mail address bfreclleton@interplus.com
13. Owners Address for Payment of Rent and Delivery of Notices:
Name: Coldwell Banker Commercial
Street 316 E Bannock St
City, State, Zip Boise, ID 83702
Telephone {208) 344-7171
Facsimile (208) 344-b 111
E-mail address cbcomidaho@rmci.net
14. Exhibits Attached :Master Lease Exhibit "A" (Floor Planl~ Exhibit "B" (Rules and
Re~ulationsl: Exhibit "C" (Work Letter to Standard Office Leaser Exhibit D (Addendum
to Master Lease Terms and Conditions To follow upon sie~nin~ of these"Basis Lease
Provisions".
IN WITNESS WHEREOF, the parties have agreed to the basic terms and
conditions of the Master Lease as of the date first above written.
OWNERS (Lessor):
Tim Musse 1
Vernon Chitwood
Tenant (Lessee)
By:
Mayor: Robert C-et~/ Assignees
Co 2~2i t
Assignees
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