LEASE MODIFICATION AGREEMENT (2)LEASE MODIFICATION AGREEMENT
THIS AGREEMENT constitutes a Lease Modification Agreement to that certain Lease dated May 19,
2010, between Powell Professional Center, LLLP, a Florida Corporation, (Landlord), and City of Clearwater,
(Tenant).
The term of the lease shall be extended by (3) years, commencing July 1, 2016, and ending June 30, 2019.
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.
Tenant shall have the option on the first anniversary (June 30, 2017) of this modification agreement to cancel
this agreement with 60 days written notice to Landlord.
Upon execution of this agreement, Landlord shall waive the holdover rent due from July 2016, August 2016 and
September 2016.
Escalations shall increase by 3% on the anniversary date of the original lease.
ALL OTHER TERMS AND CONDITIONS in the Lease shall remain in full force and effect.
"TENANT"
WITNESSED AS TO TENANT: City of Clearwater
WITNESSED AS TO LANDLORD:
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By: William B. Horne II
City Manager
CktOf Acres
By: George N. Cretekos
1â– stayor
By: Laura Mahony
Assistant City Attorney II
By: Rosemarie Call
City Clerk
"LANDLORD"
Powell Professional Center, LLLP
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By: M. Corey Garver
General IYartner