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Grove St Pkg-Somerville 1st Amend 04-19-2022 — File 213750

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Page 1 of 3 S:\Ext&Amen-Dana\Grove St Pkg-Somerville 1st Amend 04-19-2022 FIRST AMENDMENT TO LEASE AGREEMENT This First Amendment to Lease Agreement is made by and between Dana Family Series, LLC, a Delaware limited liability company, as present Landlord (the “Landlord”), and the City of Somerville, Massachusetts, a municipal corporation, as Tenant (the “Tenant”). RECITALS: A. Reference is hereby made to a written lease dated March 27, 2018 (the “Lease”) between Dana Family Series, LLC, a Delaware limited liability company, and the Herman Dana Foundation, LLC, a Massachusetts limited liability company, as landlord, and said City of Somerville, as tenant, of the vacant land shown as Lots 1 and 2 and known as 6-8 and 12 Grove Street, Somerville, Massachusetts and the adjacent vacant land shown as Lot 3 substantially as indicated on the plan attached to said Lease entitled Exhibit A, a copy of which is also attached hereto and incorporated herein by reference. B. The term of said Lease will expire on June 30, 2022, and the Tenant has no rights of extension or renewal. C. The Tenant has requested and extension of the lease term. D. The Landlord is willing to accede to the Tenant’s said request subject to certain terms and conditions. AGREEMENTS: In consideration of the mutual covenants contained herein and for other good and sufficient consideration said Landlord and Tenant hereby agree as follows: 1. The prefatory recitals are incorporated herein by reference. 2. The term of said Lease is hereby extended for the one (1) year period commencing July 1, 2022 and terminating June 30, 2023 (the “Extended Term”). 3. For and with respect to said Extended Term the Base Rent shall be the annual rental of Forty Thousand Three Hundred Four and 76/100 Dollars ($40,304.76) payable by the Tenant to the Landlord in equal monthly installments in advance of Three Thousand Three Hundred Fifty-Eight and 73/100 Dollars ($3,358.73) on or before the first day of every month. 4. Article 15 of said Lease, “Termination for Convenience”, is hereby amended by substituting “ninety (90) days” for the words “one hundred twenty (120) days” in the third line of Section 15.1. 5. This Agreement may be executed in any number of counterparts, or by each party on separate counterparts, with the same effect as if all parties hereto had signed the same document. All such counterparts shall be construed together and shall constitute one instrument, but in making proof hereof it shall only be necessary to produce one such counterpart. Delivery by electronic mail file attachment or by facsimile transmission of any executed counterpart of this Agreement shall be deemed the equivalent of the delivery of the original executed instrument. 6. Said Lease, as herein amended, is ratified and confirmed in all respects. [This Page Ends Here – Signatures on Following Page]
Page 2 of 3 S:\Ext&Amen-Dana\Grove St Pkg-Somerville 1st Amend 04-19-2022 [SIGNATURE PAGE TO FIRST AMENDMENT TO LEASE AGREEMENT BY AND BETWEEN DANA FAMILY SERIES, LLC, AS LANDLORD, AND THE CITY OF SOMERVILLE MASSACHUSETTS, AS TENANT] Executed as an instrument under seal as of __________________, 2022. LANDLORD: Dana Family Series, LLC By: Alan G. Dana, Manager Hereunto Duly Authorized 1340 Centre Street, Suite 101 Newton, MA 02459 Myer Dana and Sons, Agents LLC Tax ID #04-6206558 TENANT City of Somerville I hereby certify that the total contract amount is $40,304.76 and that the total unencumbered balance of said amount is available for the fiscal year commencing July 1, 2022 for the purposes of this contract. City Auditor Joseph A. Curtatone, Mayor Angela M. Allen Suzanne Rinfret Purchasing Director Director of Traffic & Parking APPROVED AS TO FORM: City Solicitor
Page 3 of 3 S:\Ext&Amen-Dana\Grove St Pkg-Somerville 1st Amend 04-19-2022 EXHIBIT A [Plot] Plan]