Lease Amending Agreement Terms and ConditionsLease Amending Agreement • August 10th, 2022
Contract Type FiledAugust 10th, 2022Landlord: The City of Edmonton Tenant: Edmonton Soccer Association Extension Term: Commencement Date: Expiration Date: Renewal Option: 18 YearsOctober 1, 2004September 30, 20471 further term of 5 years Premises Expansion: The Premises leased to the Tenant is expanded to include the Facility Addition and the Expansion Area. Rent: September 1, 2022 to September 30, 2023: $1.00 per annumOctober, 2023 to September 30, 2024: $456,588.00 per annum October 1,2024 to September 30,2047: $672,096.00 per annum Capital Reserve Fund Contribution The Tenant's contribution to the Capital Reserve Fund shall increase from $114,000.00 per annum to $300,000.00 per annum as at September 1, 2024. Environmental Certification: The Tenant shall maintain Leadership in Energy and Environmental Design (LEED) Silver environmental certification under the Canada Green Building Council LEED rating system for the Facility Addition. Energy Benchmarking: The Tenant shall provide the City with the monthly energy usage d