Wells_Fargo_LEASE_PURCHASE_AGREEMENT.pdf

This document is a Lease Purchase Agreement dated November 1, 2006, between Arizona Wildlife Finance Corporation (AWF), a nonprofit corporation acting as lessor, and the Arizona Game and Fish Department and Commission (AGF), an agency of the State of Arizona, acting as lessee. The agreement involves the lease and potential purchase of a property located in Maricopa County, Arizona, to be used as an administrative and operational facility for the Arizona Game and Fish Department.

The lease covers an administrative building of approximately 81,817 square feet, a warehouse of approximately 26,648 square feet, a vehicle maintenance facility of approximately 8,650 square feet, and related site facilities. The lease term begins November 1, 2006, with Base Rent payments scheduled over a 32-year period totaling $20,410,000. The agreement includes provisions for lease payments, operating costs, maintenance, and a potential purchase option. The total estimated annual operating costs for the first fiscal year are $401,592, covering utilities, janitorial services, repairs, landscaping, security, management fees, and insurance. Lincoln Property Company Commercial, Inc. is designated as the property manager, responsible for maintaining and operating the facilities in accordance with specified building management standards.