Title
Lease of 145 Gorman Street - Amended and Restated Agreement of Lease between KDBA, LLC and the City of Annapolis for the use of non-city-owned property by the City of Annapolis.
Body
CITY COUNCIL OF THE
City of Annapolis
Ordinance 22-15
Sponsored by: Mayor Pantelides
Referred to
Economic Matters
Finance
AN ORDINANCE concerning
Lease of 145 Gorman Street
FOR the purpose of approving an Amended and Restated Agreement of Lease between KDBA, LLC and the City of Annapolis for the use of non-city-owned property by the City of Annapolis.
WHEREAS, KDBA, LLC is the tenant under a Lease dated as of July 1, 2002 by and between Hopkins Furniture Company, Incorporated, as the Landlord, and the Landlord, as tenant, as amended by the First Amendment to Lease dated as of October 18, 2004 and by the Second Amendment to Lease dated as of December 21, 2004 property located at 145 Gorman Street, Annapolis, Maryland 21041, containing approximately 0.24 acres, as described on Exhibit A attached to this Ordinance, together with the existing 3-story building situated on the Land; and
WHEREAS, the Landlord and the Tenant entered into that Agreement of Lease dated March 2006, pursuant to which the Landlord leased to the Tenant the entire second and third floors of the Building (all space within the exterior walls), together with the first floor lobby and stairway areas providing access to such second and third floors shown on the plan attached to this Ordinance as Exhibit B, and the underground equipment room and stairway area beneath the Lobby, collectively containing approximately twenty thousand three hundred seventy-two (20,372) square feet on the terms and conditions of the Original Lease; and
WHEREAS, the Landlord and the Tenant mutually desire to modify the terms of the Original Lease by amending and restating the Original Lease in accordance with the terms set forth in the Amended and Restated Agreement of Lease between KDBA, LLC and the City of Annapolis.
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