🏛 The Somerville Record
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Grove St Pkg-Somerville 4th Amend 05-16-2025 — File 25-0978

File 25-0978·3 pages·📄 Original PDF (city portal)·sha256 113c4967d000…
Page 1 of 3 FOURTH AMENDMENT TO LEASE AGREEMENT This Fourth 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 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, as amended by First Amendment to Lease Agreement dated June 14, 2022, Second Amendment to Lease Agreement dated August 16, 2023 and Third Amendment to Lease Agreement dated July 1, 2024 (herein collectively called the “Lease”). B. The term of said Lease will expire on June 30, 2025, and the Tenant has no rights of extension or renewal. C. The Tenant has requested an 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. Capitalized terms used in this Agreement and not otherwise defined shall have the meanings ascribed to such terms in the Lease. 3. The term of said Lease is hereby extended for the one (1) year period commencing July 1, 2025, and terminating June 30, 2026 (the “Extended Term”). 4. 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. 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.
Page 2 of 3 6. Said Lease, as herein amended, is ratified and confirmed in all respects. Executed as an instrument under seal as of __________________, 2025. 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, 2025 for the purposes of this contract. Edward Bean, City Auditor Katjana Ballantyne, Mayor Angela M. Allen Suzanne Rinfret Chief Procurement Officer Director of Parking APPROVED AS TO FORM: Cynthia Amara, City Solicitor
Page 3 of 3 EXHIBIT A