Amendment I - 36C10F20L0013 - James J. Howard CBOC - VA Lease - L100.pdf

AMENDMENT NO. 1

L100 – Lease Form

LEASE NO. 36C10F-20-L0013

James J. Howard

VA Community Based Outpatient Clinic Lease

August 07, 2020

RLP No. 36C10F20R0061, Department of Veterans Affairs (VA) requirement to lease 68,000 ANSI BOMA Square Feet (ABOA) of space for use by VA for a Community Based Outpatient Clinic to replace the existing James J. Howard clinic

The following amendment is hereby made to the above referenced revised Request For Lease Proposals package issued on July 29, 2020. Offerors must acknowledge in writing, receipt of this Amendment No. 1 by reviewing, signing and returning to the Contracting Officer and Newmark Knight Frank by 4:00 pm, EDT September 11, 2020.

Lease No. 36C10F20R0013 (1A 36C10F18R0629-VA-RLP-Brick NJ CBOC-R100-FINAL.pdf) is hereby amended as follows:

1) LEASE NO. 36C10F-20-L0013 (1B – VA-LEASE-L100 FINAL.pdf)

The following sections of the draft lease document previously posted to fbo.gov, with the RLP document package, shall be revised as stated below:

1.03 RENT AND OTHER CONSIDERATION (OCT 2019)

F. INTENTIONALLY DELETED. Rent is subject to adjustment upon reconciliation from quantities in the Lease to the approved DIDs and post-DID change orders, based on unit prices negotiated and agreed upon prior to Lease award.

2) 1.08 TENANT IMPROVEMENT RENTAL ADJUSTMENT (OCT 2016)

A. The Tenant Improvement Allowance (TIA) for purposes of this Lease is $147.91 per ABOA SF. The TIA is the amount that the Lessor shall make available for the Government to be used for TIs.

B. The Government, at its sole discretion, shall make all decisions as to the use of the TIA. The Government may use all or part of the TIA. The Government may return to the Lessor any unused portion of the TIA in exchange for a decrease in rent according to the agreed-upon amortization rate over the Firm Term.

C. The Government may elect to make lump sum payments for any or all work covered by the TIA. That part of the TIA amortized in the rent shall be reduced accordingly. At any time after occupancy and during the Firm Term of the Lease, the Government, at its sole discretion, may elect to pay lump sum for any part or all of the remaining unpaid amortized balance of the TIA. If the Government elects to make a lump sum payment for the TIA after occupancy, the payment of the TIA by the Government will result in a decrease in the rent according to the amortization rate over the Firm Term of the Lease.

D. If it is anticipated that the Government will spend more than the identified TIA, the

Government may elect to:

1. Reduce the TI requirements;

2. Pay lump sum for the overage upon substantial completion in accordance with the “Acceptance of

Space and Certificate of Occupancy” paragraph;

3. Negotiate an increase in the rent.

END OF AMENDMENT

Signed: August 07, 2020

Eric Roberts Contracting Officer (003C1E)

ACKNOWLEDGEMENT OF RECEIPT

AMENDMENT NO. 1

FORM L100

LEASE NO. 36C10F20-L0013-(DRAFT)

James J. Howard VA Community Based Outpatient Clinic

I hereby acknowledge receipt of Amendment No.1 to LEASE No. 36C10F20-L0013 (DRAFT) and accept all terms and conditions in LEASE NO. 36C10F20-L0013-(DRAFT)as hereby amended.

Offerors Name – Printed

Signature Date