LEASE MODIFICATION AGREEMENTLEASE MODIFICATION AGREEMENT
THIS AGREEMENT constitutes a Lease Modification Agreement to that certain Lease
Agreement dated May 19, 2010, between Powell Professional Center, LLLP, a Florida Corporation,
(Landlord), and City of Clearwater, (Tenant).
WHEREAS, Landlord leased unto Tenant certain Demised Premises located at 401 Corbett Street, Suite
240, Clearwater, FL 33756 consisting of approximately 2,677 rentable square feet.
The term of the lease shall be extended by three (3) years, commencing July 1, 2013, and ending June
30, 2016.
Escalations in the Base Rent Schedule as described in Article II shall increase by 3% annually on the
anniversary date of the original lease commencing on July 1, 2013 and each year thereafter.
Landlord agrees to provide an allowance up to $19,120.00 for approved modifications to suite as
specified in plans and documents provided by the City of Clearwater.
Section 14.09 (d) shall be deleted as a provision of this lease and be replaced by the following:
"In the event that the Tenant relocates to a City owned building or facility, Tenant, shall have the option
to cancel this Lease at any time after the first full lease year of this renewal, without penalty, by
providing Landlord three months written notice prior to the effective date of cancellation. Such
cancellation must result solely from the relocation to a City owned building or facility and for no other
reason. If the City chooses to relocate to a City owned facility during this extension period, the City of
Clearwater agrees to reimburse Powell Professional Center, LLLP, the total amount of the allowance
provided."
ALL OTHER TERMS AND CONDITIONS in the Lease Agreement shall remain in full force and
effect.
W NESSES:
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George N. Cretekos
Mayor
Approved as to form:
Leslie K. Dougall- d s
Assistant City Attorn
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:
`�LANDLORD"
Powell Prof 'onal C ter,
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illi . owell
� eneral Partner
"TENANT"
City of Clearwater
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William B. Horne, II
City Manager
Rosemarie Call
City Clerk