HomeMy WebLinkAboutC2021-006 - STC Five LLCUnofficial C2021. 01
ZoDocument
WHEN RECORDED RETURN TO: 16
Crown Castle cr
Attn: Post -Closing Department
1220 Augusta Drive, Suite 600
Houston, TX 77057
Prepared by:
Lake & Cobb, PLC
1095 W. Rio Salado Pkwy, Suite 206
Tempe, AZ 85281
Space above this line for Recorder's Use
Prior recorded document(s) in Ntaricopa County, Arizona:
October 12, 2000 at #2000-0783665
MEMORANDUM OF FIRST AMENDMENT TO
OPTION AND SITE LEASE AGREEMENT
This Memorandum of First Amendment to Option and Site Lease Agreement is made
effective this day o C.L� 2020 by and between the Town of Fountain Hills, an
Arizona municipal corporation (the "Town" or "Lessor") and STC Five LLC, a Delaware limited
liability company, by and through its attorney -in -fact Global Signal Acquisitions Ill LLC, a
Delaware limited liability company ("Lessee"), as successor in interest to Sprint Spectrum, LP, a
Delaware limited partnership ("Sprint").
1. Town, as lessor, and Sprint, as lessee, entered into that certain Option and Site
Lease Agreement dated August 28, 2000 (the "Agreement"), a memorandum of which was
recorded on October 12, 2000 at Instrument No. 2000-0783665 in the official records of Maricopa
County, Arizona, far Sprint's use ofthe Town's Property forthe purpose of installing and operating
the Communications Facility. The lease area is more particularly described on Exhibit A attached
hereto.
2. STC Five LLC is currently the Lessee under the Agreement as successor -in -interest
to Sprint.
3. The Agreement had an initial term that commenced on December 28, 2000 and
expired on December 27, 2005. The Agreement provides for three (3) extensions of five (5) years
each, all three (3) of which were exercised by Lessee (each a "Renewal Term"). According to the
Agreement, the final extension expires on December 27, 2020.
4. Town and Lessee have entered into a First Amendment to Option and Site Lease
Agreement (the "First Amendment"), of which this is a Memorandum, providing for three (3)
additional Renewal Terms of five (5) years each. Pul-SUant to the First Amendment, the final
Renewal Term expires on December 31, 2035.
Site Naive. Bellagio 1 Fgle Min Cactus Page I
business Unit 9. 879340
20210058359
5. The terms, covenants and provisions of the First Amendment sliall extend to and
be binding upon the respective executors, administrators, heirs, successors and assigns of Town
and Lessee.
6. This Memorandum does not contain the social security number of any person.
7. A copy of the First Amendment is on rile with Town and Lessee.
[Execution Pages Follow]
Unofficial Document
Sitc Name: Bellagio r Eagle blue Cactus Page 2
Business Unit 9: 87934D
20210058359
IN WITNESS WHEREOF, hereunto and to duplicates hereof, Town and Lessee have
caused this Memorandum to be duly executed on the day and year first written above.
TOWN:
THE TOWN OF FOUNTAIN HILLS, an
Arizona municipal corporation
By:
Print Name: G E. iller
Title: Town Manager
STATE OF 4-r(Z.eato, }
ATTEST:
By: '_.
Print Name: ' abeth A, Burke
Title: Town Clerk
)ss.
COUNTY OF a }
On this 'day of 020, before me, the subscriber, a Notary Public in
and for said State and County, personally appeared Grady E. Miller, the Town Manager of the
TOWN OF FOUNTAIN HILLS, known or identified to me to be the person whose name is
subscribed to the foregoing Memorandum (Un'.4.'lDmm,m iendment to Option and Site Lease
Agreement, and in due form of law acknowledged that he/she is authorized on behalf of said
company to execute all documents pertaining hereto and acknowledged to me that he/she
executed the same as his/her voluntary act and deed on behalf of said company.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my seal in said
State and County on the day and year last above written.
Notary Seal
FtJ7 A- 131IRKI �
4kitmy F jbk. StM of Acliona
MARICOPA COUNTY
(-"10dsalon # W547
'IIl: ' fixl�tc88 A»St+a� t 6, 2022
Site Name: Bellagio / riagle A1ui Cactus
Business Unit # 879340
( gnature 0
otary)
My Commission Expires: S/- •
Page 3
20210058359
�o��T�AiN � ftCN
s TOlsliiN OF FOUN-rAIN HILLS
c ' 16705 E. Avenue of the Fountains, Fountain Hills, AZ 85268
Y 480.816.5100 1 Fax:480.837,3145
x
/s/ Aaron D. Arnson 12/15/2020
Approved as to form Date
Unofficial Document
www.fh.az.gov
20210058359
LESSEE:
STC FIVE LLC, a Delaware limited liability
company
By: Global Signal Acquisitions III LLC, a
Delaware limited liability company
Its: Attorney In Fact
By:
Print Name: L
Title:`,fi' r— i rr�:�✓ d[YlaPd`
STATE OF xG S )
COUNTY OF �-��, S }ss.}
On this _1_�_ day of 02r w+tbe r 2020, before me, the subscriber, a Notary Public in
and for said State and County, personally appeared 7-, the
rof G! � l W..-'GNAL ACQ ISITIONS III LLC, known
or identified to me to be the pers -OR whose name is subscribed to the foregoing Memorandum of
First Amendment to Option and Site Lease Agreement, and in due form of law acknowledged
that he/she is authorized on behalf of said company to execute all documents pertaining hereto
and acknowledged to me that he/she executed the same as his/her voluntary act and deed on
behalf of said company.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my seal in said
State and County on the day and year last above written.
Notary Seal
`""""'' CAROLYN KIMERY
PGB'i
Notary Public, State of Texas
` Comm. Expires 03-10-2024
Notary ID 132396806
(Signature
My Commission Expires:
Site Name. 13ellagio / Figle. klin Cactus Page 4
Business Unit k 879340
20210058359
EXHIBIT A
Legal Descriptions
LEASE AREA 1:
A portion of land located in the Northwest Quarter of Section 29, Township 3 North, Range 6
East of the Gila and Salt River Base and Meridian, Maricopa County, Arizona, described as
follows:
Commencing from a found brass cap at the intersection of Shea Boulevard and Eagle Mountain
Parkway, thence along the centerline of Eagle Mountain Parkway, a bearing of south l l degrees
15 minutes 25 seconds east, a distance of 172.00 feet; thence south 89 degrees 34 minutes 01
seconds west, a distance of 114.00 feet to the POINT OF BEGINNING and a point hereinafter
referred to as Point `A';
Thence north 90 degrees 00 minutes 00 seconds west, a distance of 27.00 feet;
Thence north 00 degrees 00 minutes 00 seconds west, a distance of 25.67 feet;
Thence north 90 degrees 00 minutes 00 seconds east, a distance of 4.81 feet;
Thence north 34 degrees 31 minutes 23 seconds east, a distance of 27.76 feet;
Thence south 55 degrees 28 minutes 37 seconds east, a distance of 10.00 feet;
Thence south 34 degrees 31 minutes 23 seconds west, a distance of 20.88 feet;
Thence north 90 degrees 00 minutes 00 seconds east, a distance of 3.05 feet;
Thence south 00 degrees 00 minutes 00 seconds west, a distance of 20.00 feet;
Thence north 90 degrees 00 minutes 00 sec''ITU cL IL, a distance of 7.00 feet;
Thence south 00 degrees 00 minutes 00 seconds west, a distance of 5.67 feet to the POINT OF
BEGINNING:
This lease area contains 796.23 square feet, more or less.
PARKING AREA:
A portion of land located in the Northeast Quarter of Section 29, Township 3 North, Range 6
East of the Gila and Salt River Base and Meridian, Maricopa County, Arizona, described as
follows:
Commencing from a found brass cap at the intersection of Shea Boulevard and Eagle Mountain
Parkway, thence along the centerline of Eagle Mountain Parkway, a bearing of south 1 1 degrees
15 minutes 25 seconds east, a distance of 212.00 feet; thence south 78 degrees 44 minutes 35
seconds west, a distance of 56.00 feet to the POINT OF BEGINNING;
Thence south 12 degrees 00 minutes 00 seconds east, a distance of 36.00 feet;
Thence south 78 degrees 00 minutes 00 seconds west, a distance of 10.00 feet;
Thence north 12 degrees 00 minutes 00 seconds west, a distance of 36.00 feet;
20210058359
Thence north 78 degrees 00 minutes 00 seconds east, a distance of 10.00 feet to the POINT OF
BEGINNING:
This lease area contains 360.00 square feet, more or less.
UTILITY EASEMENT:
Commencing from said, Point `A';
Thence south 41 degrees 39 minutes 15 seconds east, a distance of 25.83 feet;
Thence south 18 degrees 51 minutes 18 seconds east, a distance of 52.83 feet;
Thence north 16 degrees 56 minutes 52 seconds east, a distance of 35.00 feet to a, electric meter;
Thence south 36 degrees 01 minutes 20 seconds east, a distance of 18.00 feet;
Thence north 79 degrees 13 minutes 52 seconds east, a distance of 123.20 feet to a, electric
manhole;
Thence South 03 degrees 50 minutes 46 seconds east, a distance of 40.60 feet to a,
communication manhole.
Unofficial O000 ri
FIRST AMENDMENT TO
OPTION AND SITE LEASE AGREEMENT
(Bellagio/Eagle Mountain Cactus Site #879340)
THIS FIRST AMENDMENT TO OPTION AND SITE LEASE AGREEMENT (this "First
Amendment") is entered into as of - j , 2020, by and between the Town of Fountain
Hills, an Arizona municipal corporation (the "Town" or "Lessor") and STC Five LLC, a Delaware
limited liability company, by and through its attorney -in -fact Global Signal Acquisitions III LLC,
a Delaware limited liability company ("Lessee"), as successor in interest to Sprint Spectrum, LP,
a Delaware limited partnership ("Sprint"). Unless otherwise defined herein, all capitalized terms in
this First Amendment shall have the meanings set forth in the Option and Site Lease Agreement.
RECITALS
A. The Town, as lessor, and Sprint, as lessee, entered into that certain Option and
Site Lease Agreement dated August 28, 2000 (the "Agreement"), a memorandum of which was
recorded on October 12, 2000 at Instrument No. 2000-0783665 in the official records of
Maricopa County, Arizona, for Sprint's use of the Town's Property for the purpose of installing
and operating the Communications Facility.
B. Pursuant to the pre-existing Amended Restated Assignment and Assumption
Agreement dated July 1, 1996 between Sprint Spectrum Holding Company, LP, Sprint and
Sprint Spectrum Realty Company, LP, a Delaware limited partnership ("Sprint Realty"), the
Agreement was assigned from Sprint to Sprint Realty.
C. Pursuant to that certain General Assignment and Assumption Agreement
between Sprint Realty and Sprint, dated May 26, 2005 (as subsequently amended), rights to the
Agreement were transferred from Sprint Realty to Sprint. Immediately following the transfer
from Sprint Realty to Sprint, and pursuant to that certain General Assignment and Assumption
Agreement between Sprint and Sprint Spectrum Equipment Company, LP, a Delaware limited
partnership ("Sprint Equipment"), the rights to the Agreement were transferred from Sprint to
Sprint Equipment. Concurrently therewith and pursuant to the General Assignment and
Assumption Agreement between Sprint Equipment and Lessee, dated May 26, 2005 (as
subsequently amended), Sprint Equipment assigned and the rights to the Agreement to Lessee.
D. Lessee subsequently appointed Global Signal Acquisitions III LLC, a Delaware
limited liability company ("Global Signal") as its attorney -in -fact with respect the Agreement.
E. The Agreement had an initial term that commenced on December 28, 2000 and
expired on December 27, 2005. The Agreement provides for three (3) extensions of five (5)
years each, all three (3) of which were exercised by Lessee. According to the Agreement, the
final extension expires on December 27, 2020.
F. Global Signal has requested an extension of the lease term contained within the
Agreement. The Town and Lessee, through Global Signal, desire to amend the Agreement to
extend the term thereof as specified in this First Amendment.
AGREEMENT
NOW, THEREFORE, in consideration of the foregoing recitals, which are incorporated
herein by reference, the following mutual covenants and conditions, and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the Town and
Lessee hereby agree to amend the Agreement as follows:
1. Replacement of Exhibit A, Exhibit B and Exhibit C. Exhibits A, B, and C of the
Agreement are deleted and replaced in their entirety with, respectively, Exhibits A, B, and C
hereto.
2. Modification of Term. Section 4 of the Agreement is hereby deleted in its entirety
and replaced with the following:
Term. This Agreement shall be for a term of five (5) years ("Initial Term"),
commencing on December 28, 2000. Lessee shall have the right to renew the
Agreement for six (6) additional five (5) year terms (each a "Renewal Term"), with
the final Renewal Term expiring on December 27, 2035. The Initial Term and any
Renewal Term shall be collectively referred to as the "Lease Term". The Lease
Term shall automatically be extended for each successive Renewal Term unless
Lessee notifies Town of its intention not to renew at least ninety (90) days prior to
the expiration of the then current five year term.
3. Additional Renewal Terms. The Town may elect to grant to Lessee two (2)
additional Renewal Terms of five years each by providing written notice to Lessee at least one-
year prior to the expiration of the sixth Renewal Term (each an "Additional Renewal Term").
Lessee may accept the Additional Renewal Terms by payment of an extension fee in the amount
of Five Thousand and 00/100 Dollars, payable within sixty (60) days of the date of Lessor's
notice (the "Extension Fee"). The Lease will automatically be extended for each successive
Additional Renewal Term if the Extension Fee is paid by Lessee within the sixty (60) day period.
The first Additional Renewal Term will commence on December 28, 2035 and will expire on
December 27, 2040, and the second Additional Renewal Term will commence on December 28,
2040 and will expire on December 2045. In the event the Extension Fee is not received by the
Town within the sixty (60) day period, then Lessee will be deemed to have declined the
Additional Renewal Terms and the Lease will expire on December 27, 2035.
4. Modifications to Rent.
4.1 Modification of Base Rent. On the first (l') day of the second (2°d) full
month following full execution of this First Amendment, the monthly Rent shall increase to Two
Thousand Two Hundred Fifty and 00/100 Dollars ($2,250.00) per month. This rent increase
replaces and is in lieu of the regular rent escalation scheduled to occur on December 28, 2020.
Following such increase, the monthly Rent shall continue to adjust pursuant to the terms of the
Agreement, with the next escalation occurring on December 28, 2025.
42 Market Rate Adjustment. Notwithstanding anything in the Agreement to
the contrary, on December 28, 2030 (the "Market Rate Adjustment Date"), Rent shall be
increased to or by the greater of (i) the then Current Market Rate (as defined below) (aka "a
market rate adjustment"), (ii) the same percentage increase in the CPI in accordance with Section
5(a) of the Agreement. For purposes of this Section, "Current Market Rate" shall be determined
by taking the average of the rental rates calculated on a per square foot basis then being paid by
Tenant, or any affiliate of Tenant, to the ten (10) landlords in closest proximity to the Premises.
At least ninety (90) days prior to any Market Rate Adjustment Date, Landlord shall request the
Current Market Rate from Tenant if Landlord desires a market rate adjustment to the Rent.
Within thirty (30) days of Landlord's request, Tenant shall provide a report summarizing
Tenant's calculation of the Current Market Rent in accordance with the definition set forth
above. If Landlord fails to request the Current Market Rate from Tenant at least ninety (90) days
prior to prior to any Market Rate Adjustment Date, there shall be no market rate adjustment and
Rent shall be increased by the change in the CPI in accordance with Section 5(a) of the Lease.
The above -described Market Rate adjustments shall apply in lieu of the Regular Rent Escalation
for the Lease year commencing December 28, 2030.
43 Shared Revenue. A new subsection 5(c) is hereby added to the Agreement
to read as follows:
(c) During the term of the Agreement, Lessee shall have an irrevocable option
("Option"), exercisable at any time, and from time to time, to lease up to a maximum of
four hundred (400) square feet of real property adjacent to the existing Premises at a
location to be proposed by Lessee and approved by Lessor, which approval shall not be
unreasonably withheld, conditioned or delayed ("Additional Lease Area"). In the event
that Lessee leases, subleases, licenses or grants a similar right of use or occupancy in the
Additional Lease Area to a third party not already a subtenant on the Premises (each an
"Additional Area Subtenant"), Lessee agrees to pay to Lessor thirty-five percent (35%)
of the rental, license or similar payments actually received by Lessee from such
Additional Area Subtenant (excluding any reimbursement of taxes, construction costs,
installation costs, or revenue share reimbursement) (the "Additional Lease Area Rent")
within thirty (30) days after receipt of said payments by Lessee. In the event the Option
is exercised, the Additional Lease Area Rent shall be the only consideration payable to
Lessor for Lessee's use of the Additional Lease Area. Lessee shall have no obligation
for payment to Lessor of such share of rental, license or similar payments if not actually
received by Lessee. The Additional Lease Area Rent shall be due and payable upon the
later of (i) commencement of construction activities within the Additional Lease Area or
(ii) the date when Lessee begins to receive monthly license payments from the
Additional Area Subtenant. Lessee may exercise the Option for the entire Additional
Lease Area in a single exercise, or may exercise the Option multiple times in increments,
by providing written notice to Lessor at any time (each a "Notice of Exercise"); provided,
however, that following Lessee's delivery of the Notice of Exercise to Lessor, Lessee
may at any time prior to commencement of construction activities within the Additional
Lease Area withdraw its election to exercise the Option if Lessee discovers or obtains
any information of any nature regarding the Additional Lease Area which Lessee
determines to be unfavorable in its sole discretion. Within thirty (30) days after the date
of Lessee's Notice of Exercise, Lessor shall execute and deliver an amendment to the
Agreement to grant Lessee's interest in the Additional Lease Area.
4.4 Signing Bonus. In addition to any rental amounts payable as set forth in
this Section, Lessee shall, not later than December 15, 2020, pay to the Lessor Two Thousand
Two Hundred and Fifty no/100 dollars ($2,250.00) as additional one-time compensation.
5. Co -location. Subsection 10(d) of the Agreement is hereby deleted in its entirety
and replaced with the following:
Lessee agrees to support the Town of Fountain Hills' interest in having wireless
communication providers co -locate their antennas on either new or existing structures,
and will cooperate with third party communication users in accordance with the
provisions of this Section 10(d). In the event Lessor elects to permit another
communications user the right to use Lessor's Property, Lessor agrees to notify Lessee
thirty (30) days prior to the issuance of such authority for the purpose of determining
whether the third party communications user will interfere with Lessee's intended use of
the Premises. Should Lessee notify Lessor, in writing not later than fifteen (15) days
after receipt of notice from Lessor, that the third party communications user will interfere
with Lessee's operations, then Lessor agrees not to permit the third party
communications user the right to use the Premises. Lessee's consent shall not be
unreasonably withheld. Lessee may, upon prior, written approval by the Town Manager
and for so long as Lessee pays the additional amounts due under subsection 5(c) above,
as applicable, allow other wireless communication providers ("Sublessees") to locate
facilities on the Premises. Use of the Premises by Sublessees is strictly conditioned upon
such use not adversely interfering with the then -existing equipment of any
communication users on the Property. The Town's consent shall not be unreasonably
withheld.
6. Notices. Section 15 of the Agreement is hereby deleted in its entirety and replaced
with the following:
15. Notices. Any notice or other communication required or permitted to be
given under this Agreement shall be in writing and shall be deemed to have been duly
given if (a) delivered to the party at the address set forth below, (b) deposited in the U.S.
Mail, registered or certified, return receipt requested, to the address set forth below or
(c) given to a recognized and reputable overnight delivery service, to the address set forth
below:
If to the Lessor: Town of Fountain Hills
16705 East Avenue of the Fountains
Fountain Hills, Arizona 85268
Attn: Grady E. Miller, Town Manager
With copy to: Pierce Coleman, PLLC
7730 E Greenway Road, Suite 105
Scottsdale, Arizona 85260
Attn: Aaron D. Arnson, Esq.
If to Lessee: STC Five LLC
c/o Crown Castle USA Inc.
Attn: Legal - Real Estate Department
2000 Corporate Drive
Canonsburg, PA 15317
or at such other address, and to the attention of such other person or officer, as any party
may designate in writing by notice duly given pursuant to this subsection. Notices shall
be deemed received (a) when delivered to the party, (b) three (3) business days after
being placed in the U.S. Mail, properly addressed, with sufficient postage or (c) the
following business day after being given to a recognized overnight delivery service, with
the person giving the notice paying all required charges and instructing the delivery
service to deliver on the following business day. If a copy of a notice is also given to a
party's counsel or other recipient, the provisions above governing the date on which a
notice is deemed to have been received by a party shall mean and refer to the date on
which the party, and not its counsel or other recipient to which a copy of the notice may
be sent, is deemed to have received the notice.
7. Effect of Amendment. In all other respects, the Agreement is affirmed and ratified
and, except as expressly modified herein, all terms and conditions of the Agreement shall remain
in full force and effect.
8. Non -Default. By executing this First Amendment, the Lessee affirmatively asserts
that, to Lessee's actual knowledge, Lessor is not currently in default under any of the terms or
conditions of the Agreement. Likewise, by executing this First Amendment, the Town
affirmatively asserts that, to the Town's actual knowledge, Lessee is not currently in default under
any of the terms or conditions of the Agreement.
9. Conflict of Interest. This First Amendment may be cancelled pursuant to ARiz.
REV. STAT. § 38-511.
[EXECUTION PAGES FOLLOW]
IN WITNESS WHEREOF, the parties hereto have executed this instrument as of the
date and year first set forth above.
"Lessor"
TOWN OF FOUNTAIN HILLS, an Arizona
municipal corporation
c 44- . v4i, ,
Grady E. Milllr, wn Manager
ATTEST:
EIVMeth A rke, TownC-1dFk-
(ACKNOWLEDGEMENT)
STATE OF ARIZONA )
) ss.
COUNTY OF MARICOPA )
This instrument was acknowledged before me onL /cte.4
,�f`� ,1'7
N ,
2020, by Grady E. Miller, the Town Manager of the TOWOF FOUNTAIN HILLS, an Arizona
municipal corporation, on behalf of the Town of Fountain Hills.
�t�BETHA otary P is in and for th State of
Nowy Pubic. Sw of Mzou Arizon
o==
FxPIr8s Ai -AW 16, 2022
[SIGNATURES CONTINUE ON THE FOLLOWING
PAGE]
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TOWN OF FOUNTAIN HILLS
16705 E. Avenue of the Fountains, Fountain Hills, AZ 85268
480.816.5100 1 Fax:480.837.3145
/s/ Aaron D. Arnson
Approved as to form
12/15/2020
Date
www.fh.az.gov
"Lessee"
STC Five LLC, a Delaware limited liability company
By: Global Signal Acquisitions III LLC,
a Delaware limited liability company
Its: its attorney -in -fact
By:
Name:
Title:. -c- i ,mac fCLaxjr � vV7 i✓6 maketr'
(ACKNOWLEDGEMENT)
STATE OF eYaS _ )
ss.
COUNTY OF 1 \alrf: S )
This instrument was acknowledged before me on 2 c P ► 4 )jam IS , 2020,
by Lor, Lnpp7 as 9r 9=6A of Global Signal Acquisitions
III LLC, a Delaware limited liability company, on behalf of the company.
6(,-� 4-1 -
Notary Pu c in and fort tate of 12�Xa S
(affix notary seal here)
CAROLYN KIMERY
`��tpp,Y PUS i�'
-o �Notary Public. State of Texas
*q Comm. Expires 03-10-2024
Notary ID 132398806
EXHIBIT A
EXHIBIT A
Legal Descriptions
LEASE AREA 1:
A portion of land located in the Northwest Quarter of Section 29, Township 3 North, Range 6
East of the Gila and Salt River Base and Meridian, Maricopa County, Arizona, described as
follows:
Commencing from a found brass cap at the intersection of Shea Boulevard and Eagle Mountain
Parkway, thence along the centerline of Eagle Mountain Parkway, a bearing of south 11 degrees
15 minutes 25 seconds east, a distance of 172.00 feet; thence south 89 degrees 34 minutes 01
seconds west, a distance of 114.00 feet to the POINT OF BEGINNING and a point hereinafter
referred to as Point `A';
Thence north 90 degrees 00 minutes 00 seconds west, a distance of 27.00 feet;
Thence north 00 degrees 00 minutes 00 seconds west, a distance of 25.67 feet;
Thence north 90 degrees 00 minutes 00 seconds east, a distance of 4.81 feet;
Thence north 34 degrees 31 minutes 23 seconds east, a distance of 27.76 feet;
Thence south 55 degrees 28 minutes 37 seconds east, a distance of 10.00 feet;
Thence south 34 degrees 31 minutes 23 seconds west, a distance of 20.88 feet;
Thence north 90 degrees 00 minutes 00 seconds east, a distance of 3.05 feet;
Thence south 00 degrees 00 minutes 00 seconds west, a distance of 20.00 feet;
Thence north 90 degrees 00 minutes 00 seconds east, a distance of 7.00 feet;
Thence south 00 degrees 00 minutes 00 seconds west, a distance of 5.67 feet to the POINT OF
BEGINNING:
This lease area contains 796.23 square feet, more or less.
PARKING AREA (LEASE AREA 2):
A portion of land located in the Northeast Quarter of Section 29, Township 3 North, Range 6
East of the Gila and Salt River Base and Meridian, Maricopa County, Arizona, described as
follows:
Commencing from a found brass cap at the intersection of Shea Boulevard and Eagle Mountain
Parkway, thence along the centerline of Eagle Mountain Parkway, a bearing of south 11 degrees
15 minutes 25 seconds east, a distance of 212.00 feet; thence south 78 degrees 44 minutes 35
seconds west, a distance of 56.00 feet to the POINT OF BEGINNING;
Thence south 12 degrees 00 minutes 00 seconds east, a distance of 36.00 feet;
Thence south 78 degrees 00 minutes 00 seconds west, a distance of 10.00 feet;
Thence north 12 degrees 00 minutes 00 seconds west, a distance of 36.00 feet;
Thence north 78 degrees 00 minutes 00 seconds east, a distance of 10.00 feet to the POINT OF
BEGINNING:
This lease area contains 360.00 square feet, more or less.
UTILITY EASEMENT:
Commencing from said, Point `A';
Thence south 41 degrees 39 minutes 15 seconds east, a distance of 25.83 feet;
Thence south 18 degrees 51 minutes 18 seconds east, a distance of 52.83 feet;
Thence north 16 degrees 56 minutes 52 seconds east, a distance of 35.00 feet to a, electric meter;
Thence south 36 degrees 01 minutes 20 seconds east, a distance of 18.00 feet;
Thence north 79 degrees 13 minutes 52 seconds east, a distance of 123.20 feet to a, electric
manhole;
Thence South 03 degrees 50 minutes 46 seconds east, a distance of 40.60 feet to a,
communication manhole.
EXHIBIT B
EXHIBIT B
EQUIPMENT, ACCESS & PARKING LEASE AREA
BRASS CAP - POINT
OFCOMMENCMENT
CENTER LINE
SHEA BLVD
SHEA BLVD
S55°28'37"E
10.00'
N34o31'23"E
N 27.76'
0
o N90°00'00"E
p 4.81'
1 ; G)
LEASE AREA N m
un
-2 - 25' HIGH CACTUS,
EQUIPMENT (243.23 SF) l o
O_
,---534°31'23"W - 20.88'
Y
N90oOO'OO"E 3.05'
o
o
S00°00'00"W 20.00'
Noo°oo'00"w • 1 5' WIDE UTILITY
25.67' N90°oo'oo"E - 7.00' EASEMENT
EQUIPMENT & Soo°oo'oo"W - 5.67'
ACCESS AREA S89°34'01"W - 114.00'
--------------
(400.00 SF) P.O.B. S36°O1'20"E-18.00' ELEC.
POINT A N78°o0'oo"E $
ENTRY N90°00'00"W \ 10.00'
ACCESS AREA 27.00' METER o N
� 6g' RIW-
(153.00 SF) S41°39'15"E m—
zs.83' P.O.B_ __ I
��no 57Bo4435 tN79ol3'52"E1��a�
56.001123.20' I
N 518°5118"E e M
52.83' Z S12°00'00"E S03°50'46"E
N12°00'00"W 36.00' 40.60'
36.00' COMM.
W E TECH PARKING AREA S78000'oo"W 1 M.H. ;
(360.00 SF) 1 10.00'
S 1 42' RIW
0 25' 501PARKING LEASE AREA \ 1
1
0 2s' so' 1
SCALE: 1" = 50' \ 1
1
1 1
EQUIPMENT & ACCESS AREA, TECH PARKING
LEASE AREA & UTILITY EASEMENT,
TOTAL LEASE AREA = 1,156.23 SF \ 1
MAP UPDATED: 7-29-20
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