Second Amendment to Lease - First Church of Christ Scientist of South Bend - Lease at 129 S Michigan Street

Home Browse Search

SECOND AMENDMENT TO LEASE THIS SECOND AMENDMENT TO LEASE (this "Second Amendment") is made and entered into this 26th day of September, 2017, by and between the South Bend Board of Public Works, as assignee of the South Bend Redevelopment Commission ("Landlord") and First Church of Christ Scientist of South Bend ("Tenant"). WHEREAS, Landlord and Tenant are parties to that certain Lease dated September 7, 2007, as amended by that certain First Amendment To Lease dated August 16, 2012 (collectively, the "Lease") related to the Premises located at 129 South Michigan Street, South Bend, Indiana consisting of approximately 1,056 square feet as more particularly described in Exhibit A; and WHEREAS, the term of the Lease expires at 12:00 midnight, Eastern Standard Time on November 30, 2017; and WHEREAS, Landlord and Tenant desire to extend the term of the Lease and to modify the terms of the Lease as stated in this Second Amendment. NOW, THEREFORE, in consideration of the mutual promises and obligations set forth herein, the parties agree as follows: 1. The following provision is added to and modifies "SECTION 3.1. INITIAL TERM" by inserting at the end of the first paragraph, the following: The Parties agree that the Term of this Lease shall be and hereby is extended for a period of Twelve (12) months to commence on December 1, 2017 and expire at 12:00 Midnight, Eastern Standard Time, on November 30, 2018. 2. "SECTION 1.2. BASE RENT" shall remain fixed at $11.50 per square foot per year, equivalent to $12,144.00 per year, or $1,012.00 per month. 3. "SECTION 5.2. ADDITIONAL RENT" shall be modified as follows: The total amount of Additional Rent attributable to the Tenant's CAM Contribution (as defined in 5.4(c)) plus the Tenant's Pro Rata Share of Tax Expenses (as defined in Section 5.5) for a Lease Year shall not exceed the following limitations: Time Period PSF Annually Monthly 12/1/17—11/30/18 $8.20 $8,659.20 $721.60 4. The Parties acknowledge and agree that except as modified herein, all terms and conditions of the Lease remain in full force and effect. 5. This Second Amendment may be executed in separate counterparts, each of which when so executed shall be an original, but all of which together shall constitute one and the same instrument. Any electronically transmitted version of a manually executed original shall be deemed a manually executed original.