Board of Education Regular Business Meeting
School Board Attachment 2023.06.13

Second Amendment to Lease Agreement_655 Basket Road.pdf

June 13, 2023 · 2 min read · extracted text · View original

SECOND AMENDMENT TO LEASE AGREEMENT THIS SECOND AMENDMENT TO LEASE AGREEMENT (this“Second Amendment”) is entered into effective as of July 1, 2023 (the “Effective Date”), by and between BIC COMPLEX, LLC, a New York limited liability company, with its principal office at 655 Basket Road, Webster, New York 14580 (“Landlord”), and WEBSTER CENTRAL SCHOOL DISTRICT, a New York central school district formed pursuant to the New York Education Law, with its principal office located at 119 South avenue, Webster, New York 14580 (“Tenant”). WITNESSETH: WHEREAS, Landlord and Tenant entered into that certain lease agreement dated effective as of July 1, 2019 (the “Lease”) and a First Amendment Agreement effective July 1, 2021 in connection with the Demised Premises; WHEREAS, the Lease Term of the First Amendment Agreement expires on June 30, 2023; and WHEREAS, Landlord and Tenant desire to extend the Lease Term for one (1) additional period of two (2) years, upon such terms and conditions as are set forth herein. NOW THEREFORE, in consideration of the exchange of mutual promises, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant hereby agree as follows: 1. Defined Terms. All terms not defined in this Second Amendment shall have the meanings ascribed to such terms in the Lease. 2. Lease Term. Landlord and Tenant acknowledge and agree that the Lease Term is hereby extended and shall expire on June 30, 2025. 3. Rent. The definition of the term “Rent” as set forth in the Term Sheet of the Lease is hereby deleted in its entirety and replaced with the following: Rent Year Monthly Base Rent Annual Base Rent $5,500.00 $66,000.00 1 2

$66,000.00

$5,500.00

4. Controlling Agreement. To the extent any provisions contained herein conflict with the Lease or any other agreements between Landlord and Tenant, oral or otherwise, the provisions contained herein shall supersede such conflicting provisions contained in the Lease or other agreements. 5. Counterparts. This Second Amendment may be executed in counterparts. Each executed counterpart of this Second Amendment will constitute an original document, and all executed counterparts, together, will constitute the same agreement. [SIGNATURE PAGES FOLLOW]

IN WITNESS WHEREOF, Landlord and Tenant have each caused this First Amendment to be executed as of the Effective Date. LANDLORD: BIC COMPLEX, LLC By:

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Name

________________________________ Its:

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[TENANT SIGNATURE PAGE FOLLOWS]

TENANT

WEBSTER CENTRAL SCHOOL DISTRICT By:

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Name

________________________________ Its:

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End of document