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R-2014-1407 - 5/8/2014RESOLUTION NO. 2014-1407 WHEREAS, on August 8, 2013, the City of Round Rock ("City") and NIR Investments, LTD ("NIR") entered into a Commercial Lease ("Lease") regarding the lease of property located at 115 Bagdad Avenue; and WHEREAS, NIR has submitted a Commercial Lease Amendment to extend the term of the Lease; and WHEREAS, the City Council desires to enter into said Commercial Lease Amendment with NIR, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the Mayor is hereby authorized and directed to execute on behalf of the City, a Commercial Lease Amendment with NIR Investments, LTD, a copy being attached hereto as Exhibit "A" and incorporated herein for all purposes. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. RESOLVED this 8th day of May, 2014. ALAN MCGRAW, Mayor City of Round Rock, Texas ATTEST: SARA L. WHITE, City Clerk 0112 1404, 00297762 1 J TEXAS ASSOCIATION OF REALTORS® COMMERCIAL LEASE AMENDMENT USE OF THIS FORM BY PERSONS WHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION OF REALTORS® IS NOT AUTHORIZED. EXHIBIT «A„ ©Texas Association of REALTORS®, Inc. 2010 AMENDMENT TO THE COMMERCIAL LEASE BETWEEN THE UNDERSIGNED PARTIES CONCERNING THE LEASED PREMISES AT 115 Bagdad Road, Round Rock, TX 78664 Effective on , Landlord and Tenant amend the above -referenced lease as follows: ❑ A. Leased Premises: The suite or unit number identified in Paragraph 2A(1) is: ❑ (1) changed to ❑ (2) contains approximately square feet. Q B. Term: 0 (1) The length of the term stated in Paragraph 3A is changed to 11 months and 5 days. D (2) The Commencement Date stated in Paragraph 3A is changed to ❑ (3) The Expiration Date stated in Paragraph 3A is changed to July 31, 2014 I] C. Rent: The amount of the base monthly rent specified in Paragraph 4A is changed to: $ 1.00 from August 26, 2013 to July 31, 2014 $ from to $ from to $ from to $ from to ❑ D. Security Deposit: The amount of the security deposit in Paragraph 5 is changed to ❑ E. Maintenance and Repairs: The following item(s) specified in the identified subparagraph of Paragraph 15C will be maintained by the party designated below: Para. No. Description Responsible Party 0 N/A ❑ Landlord ❑ Tenant 0 N/A ❑ Landlord ❑ Tenant ❑ N/A ❑ Landlord ❑ Tenant ❑ N/A ❑ Landlord ❑ Tenant O F. Parking: ❑ (1) Common Parking: The number of vehicles identified in Paragraph A(1) of the Commercial Lease Parking Addendum is changed to vehicles. ❑ (2) Restricted Common Parking for Tenants: The number of vehicles identified in Paragraph A(2) of the Commercial Lease Parking Addendum is changed to vehicles. (TAR -2114) 1-26-10 Initialed for Identification by Landlord: and Tenant: Page 1 of 2 Summit Commercial 20 Chisholm Trail Round Rock, TX 78681 Phone: (512)244-9707 Fax: Russ Boles Produced with ZipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com CORR NIR Amendment to Commercial Lease concerning 115 Bagdad Road, Round Rock, TX 78664 ❑ (3) Assigned Parking: Tenants assigned parking areas identified in Paragraph A(3) of the Commercial Lease Parking Addendum is changed to ❑ (4) Parking Rental: The amount of rent identified in Paragraph B of the Commercial Lease Parking Addendum is changed to $ 0 G. Other: Paragraph(s) 22 are changed to read (cite specific paragraphs and copy the applicable paragraphs verbatim, making any necessary changes) : The last sentence of Paragraph 22 is changed to read; Rent for any holdover period will be $5,000.00 monthly plus any additional rent calculated on a daily basis and will be immediately due and payable daily without notice or demand. Landlord: City of Round Rock Tenant: NIR Investments, LTD By: By: By: By (signature): Printed Name: Title: Date: By (signature): Printed Name: Title: Date: By: By (signature): By (signature): Printed Name: Printed Name: Title: Date: Title: Date: (TAR -2114) 1-26-10 Page 2 of 2 Produced with ZipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zioLoaix.com CORR NIR