Lease+Amendment+1+-+thru+2027.pdf

This document is an Amendment 1 to a Lease Agreement between Apple Creek, L.L.P. (Landlord) and the State of North Dakota, specifically acting through its Office of Management and Budget, Division of Central Services. The lease involves real estate located in Burleigh County, North Dakota, and was originally entered into on March 3, 2011.

The amendment extends the lease term from July 1, 2017 to June 30, 2027, covering specific parcels in Block One and Block Two, including Lot Five (5), Lot Six (6), and additional extra lot space totaling approximately 63,320 square feet. The rental structure includes annual costs for both building and land, with incremental increases each year. The total annual cost starts at $140,069.60 in the first year and escalates to $183,708.00 by the final year of the 10-year term. The landlord will be responsible for real estate taxes, special assessments, and property insurance, while the lease requires review and approval by the Office of Attorney General and Facility Management Division.