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HomeMy Public PortalAbout11-14-19 Fourth Amendment to Lease- T-MobileDocuSignEnvelopelD:80C746C2{FBB-4D56-8881 l2D343FFCE FOURTH AMENDMENT TO WATEN TOWER ATTACHME NT LEASE AGR MENT This Fourth Amendment to Water Tower Attachment Lease Agreement (the "AI!eIgm!I!") is effective as of the date of execution by the last party to sign (the ,,Effective Qgg") by and between The City ofTybee tsland {"taIC!gId") and Suncom wireless property Company, LtC, t'b!!") (each a "party',, or collectively, the ,,parties,,). 2 Landlord and Tenant {or their predecessors-in-interest) entered into that certain water Tower Attachment Lease Agreement dated August 11, 1999, including that certain First Amendment to w3ter Tower Attachment Lease Agreement dated september 22, 2016, that certain second Amendment to water Tower Attachment Lease Agreement dated May x6, 2017, that certain Third Amendment to water Tower Attachment Lease Agreement dated s€ptember 17,2018 (including all amendments, collectively, the .,!g!9g,,) regarding the leased premises ("Premlses") located at 111 Butler Avenue, Tybee lsland, GA 31328 {the ,,propertv,,}. The Lease expired on or about August 11, 2019, and Tenant has remained on the Property in holdover, with Landlord's permission, since that date. For good and valuable consideration, l-andlord and Tenant agree as follows: The Lease is hereby reinstated in its entirety, as amended herein, and is ratified and affirmed in all respects as if the Lease never expired. The Lease is in full force and effect and neither Landlord nor Tenant is in breach under the terms of the Lease. At the expiration of the Lease, the Term of the Lease will automatically be extended for four (4) additional and successive five (5) year terms (each a "Renewal Term,'), provided, that Tenant may elect not to renew by providing Landlord thirty {30} days, notice p or to the expiration of the then current Renewal Term. At the commencement of the first Renewal Term provided for in this Amendment, Tenant shall pay Landlord Four Thousand Three Hundred Forty-One and 19/100 Dollars {54,341.19) per month ("8993"} in advance, bythe fifth (5rh} dayofeach month. Any Rent previously paid from and afterthe commencement of the first RenewalTerm provided for in this Amendment shall be offset against the new Rent. Rent shall be adjust€d, effective on the first day of the second Renewal Term and each subsequent RenewalTerm, by an amount equal to twenly percent (20%) over the Rent for the immediately preceding Renewal Term. This new Rent and Rent adjustment shall supersede and replace any prior Rent or Rent adjustments, 3 1. 4. Any €harges pay3ble under the Lease other than Rent shall be billed by Landlord to Tenant within twelve (12) months from the date in which the charges were incurred or due; otherwise the same shall be deemed time-barred and be forever waived and released by [andlord. 1 SltelD:8SV0943A Site Name: Tyb.c lsh.d r,easatoi 10762l &/1vr9 DocuSign Envelope lD: 80C746C24FBB-4D56-888 v42D343FFCE T-Mobile UsA, lnc. 12920 SE 38th Street Bellevue, WA 98006 Attn: Lease Compliance/ 8SV0943A The City of Tybee lsland P.O. Box 2749 Tybee lsland, cA 31328 All notices, requests, demands and other communications shall be in writing and shall be effective three (3) business days after deposit in the U.S. mail, certified, return receipt requested or upon receipt if personally delivered or sent via a nationally recognized courier to the addresses set forth below. Landlord or Tenant may from time to time designate any other address for this purpose by proyiding written notice to the other Party. lf to lenant:lf to Landlord: 6 Effective as ofthe date this Amendment is last executed by both parties, Tenant will have the right to modify its Antenna Facilities as described and dapicted on Exhibit A, which is atGched hereto and by this reference incorporated herein, and Landlord hereby consents to and approves ol the modifications described and depicted on B[!!!!3 in all respects. Tenant and landlord will reasonably cooperate with each other's requests to approve permit applications and other documents related to the Property. Except as expressly sel forth in this Amendment, the Lease otherwise is unmodified. To the extent any provision contained in this Amendment conflicts with the terms of the Lease, the terms and provisions of this Amendment shall control. Each reference in the Lease to itself shall be deemed also to refer to this Amendment. This Amendment may be executed in dupli(ate counterparts, each of which will be deemed an original. Signed electronic copies of this Amendment will legally bind the Parti€s to the same ertent as originals. Each of the Parties represents and warrants that it has the right, power, legal capacity and authorily to enter into and perforrn its respective obligations under this Amendment. Landlord represents and warrants to Tenant that the consent or approval of a third party has eithe, been obtained or is not required with respect to the execution of this Amendment. 7 8 9 10. sltr lD: 85V09{3A Sile l{.m.: Tybee lsland Lease lO:107621 7 DocusignEnvelopelD:80C746C2-4FBB-4D56-888 42D343FFCE 11. lN WITNESS, the parties execute this Amendment as of the Effective Date. I"ANDLORD: TENANT: The City of nd SunCom Wireless Com BY: Prin tN e !r.t By: Lt &rr...e. /4 *)Print Name:Miie D Title: /n E-Title:VP l(+c Da te: This Amendment will be binding on and inure to the benefit of the parties herein, their heirs, executors, administrators, successors-in-interest and assigns_ ttc, 0r T obile Contract Attorney as to form 3 Approvad sir. r0r 8w0943A sil€ Name: Tybe€ hlrnd tc.s4 ro:107621 K-p.lla x>tahaw 11tst1s OocuSign Envelope lD: 80C746C2-4F88-4056-888\742D343FFCE EXHIBIT A subiect to the terms and conditions of this Agreement, the location of the premises is generally described and depicted as shown below or in the immediately following attachment{s). 5 Sile ID: aSV{843A Slte Nlme: Iybee leland Lease lD:107621 10/1V19 Iitii!: E:; ! I! i ti a t E ajt 1, I a ; 1,,EI€l4i !:r Ii: i:3 ii!!!. 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