COM 1049.000 2012-2014 - Laserfiche WebLink

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FIRST AMENDED OFFICE OF HOUSING AND COMMUNITY DEVELOPMENT LEASE AGREEMENT THIS FIRST AMENDED OFFICE OF HOUSING AND COMMUNITY DEVELOPMENT LEASE AGREEMENT,made this day of ,2014,by and between KANESHIRO&SONS ENTERPRISE, LIMITED , a Hawaii Corporation,whose principal place of business and post office address is 1990 Kino`ole street,Hilo,Hawai`i 96720,hereinafter called "Landlord",and the COUNTY OF HAWAII, a Municipal Corporation of the State of Hawai`i, whose principal place of business and post office address is 25 Aupuni Street,Hilo,Hawai`i 96720, hereinafter called"County". WITNESSETH: By Lease dated June 30,2004,demised by Landlord and leased to the County those certain premises located at 1990 Kino`ole Street,#104/105,Hilo,Hawai`i 96720,Tax Map Key(3)2-2-040- 036(por). Landlord and County desire to extend the term of the Lease for an additional five(5)year term as contemplated in Section 2 of the Lease and to be amended to expire on January 31,2020. Rental and CAM rates for all areas shall remain the same from February 1,2015 up to and including June 30,2015. Rental rates from July 1,2015 to January 31,2020 shall be as follows: Office space: 5,804 sq ft at$1.00/sq ft./mo. Storage space: 1,385 sq ft at$0.45/sq ft./mo. CAM will remain at$.33/sq. ft./mo. Lessor to provide a reconciliation of CAM expenditures prior to effective date of the additional lease term and on a yearly basis. All other Terms and Conditions of the Lease shall remain in full force and effect. NOW,THEREFORE,in consideration of the mutual covenants and agreements herein 2