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Washington Rush Soccer Club 5/30/2023
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Washington Rush Soccer Club 5/30/2023
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Last modified
6/2/2023 10:15:57 AM
Creation date
6/2/2023 10:14:54 AM
Metadata
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Contracts
Contractor's Name
Washington Rush Soccer Club
Approval Date
5/30/2023
Council Approval Date
5/24/2023
End Date
5/31/2028
Department
Parks
Department Project Manager
Cory Rettenmeier
Subject / Project Title
Lease Agreement for Kasch Park Athletic Office
Tracking Number
0003686
Total Compensation
$429,895.56
Contract Type
Agreement
Contract Subtype
Leases (not Real Property)
Retention Period
6 Years Then Destroy
Imported from EPIC
No
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EXHIBIT B <br /> Terms and Conditions of Extension Term <br /> Provided Tenant is not in default of any provision of the Lease beyond the applicable cure <br /> period at the time Tenant exercises the option to extend this Lease, Tenant shall have the <br /> option to extend the term of this Lease for 5 years ("Extension Term"). For clarity, this means <br /> that at maximum the Lease could be extended until May 31, 2033. If Tenant desires to exercise <br /> its option to extend the Lease, Tenant shall provide written notice of the election to Landlord at <br /> least six (6) months prior to the expiration of the original Lease term. The Extension Term shall <br /> be upon the same terms, covenants and conditions as the original term, except that Base Rent <br /> per month shall be as follows during the Extension Term: <br /> June 1, 2028—May 31, 2029 $3,622.73 <br /> June 1, 2029—May 31, 2030 $3,731.41 <br /> June 1, 2030—May 31, 2031 $3,843.36 <br /> June 1, 2031 —May 31, 2032 $3,958.66 <br /> June 1, 2032 —May 31, 2033 $4,077.42 <br />
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