HomeMy WebLinkAboutresolution.council.084-25RESOLUTION 4084
(Series of 2025)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO, APPROVING A FIRST AMENDMENT TO AJAX CUBS
CURRENT LEASE BETWEEN THE CITY OF ASPEN AND AJAX CUBS AND
AUTHORIZING THE CITY MANAGER TO EXECUTE SAID CONTRACT ON
BEHALF OF THE CITY OF ASPEN, COLORADOa
WHEREAS, there has been submitted to the City Council a First
Amendment to the Yellow Brick Lease Agreement Between the City of Aspen
and Ajax Cubs, a true and accurate copy of which is attached hereto as Exhibit
«A».
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF ASPEN, COLORADO,
That the City Council of the City of Aspen hereby approves the First
Amendment to Yellow Brick Lease Agreement Between the City of Aspen and
Ajax Cubs, a copy of which is annexed hereto and incorporated herein, and does
hereby authorize the City Manager to execute said agreement on behalf of the City
of Aspen.
RESOLVED, APPROVED, AND ADOPTED FINALLY by the City
Council of the City of Aspen on the day of June 10, 2025.
Rachael Richar�js, Mayor
I, Nicole Henning, duly appointed and acting City Clerk do certify that the
foregoing is a true and accurate copy of that resolution adopted by the City
Council of the City of Aspen, Colorado, at m eld, June 0, 25.
Nicole Henning, City Cler
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Docusign Envelope ID: D78E0423-DF94-4AN AC2C-765611 E771326
FIRST AMENDMENT TO THE YELLOW BRICK LEASE AGREEMENT BETWEEN
THE CITY OF ASPEN AND AJAX CUBS
This amendment to Lease Agreement is entered into this loth day of June, 2025, hereby
amends that certain Yellow Brick Lease Agreement Between the City of Aspen and Ajax Cubs
made and entered into on November 24, 2022, by and between the City of Aspen, Colorado,
(hereinafter "Landlord"), and Ajax Cubs, LLC, (hereinafter "Tenant").
WHEREAS, the Aspen City Council passed Resolution #151, Series of 2024, approving
a Yellow Brick Lease Agreement Between the City of Aspen and Ajax Cubs, LLC dated
November 24, 2022 (hereinafter the "Lease"); and,
WHEREAS, the Lease authorized Tenant to occupy certain space for purposes of
childcare in the City owned building located at 215 N. Garmisch Street, Aspen, Colorado; and,
WHEREAS, pursuant to the Lease, the Tenant has exercised its right to extend the lease
through and including December 31, 20250, and
WHEREAS, Landlord and Tenant desire to amend that certain Lease Agreement to
expand the Leased Premises to include areas commonly known as Classroom I and Office Space
#4.
NOW, THERFORE, In consideration of the mutual covenants contained herein and other
good and valuable consideration, the receipt and sufficiency of which are hereby mutually
acknowledged, the parties agree as follows.
Notwithstanding anything to the contrary contained in *AT Agreement, the terms
and conditions of said Lease Agreement are amended as follows:
1. Section 1—Leased Premises. The description of the Leased Premises is hereby amended to
include additional leased space, specifically Room #l, which measures 823 sq. ft. (identical
in size to Room #2 in the current lease) as well as an upstairs office, represented as Office
Space #4, which measures 140 sq. ft.
Monthly rent and pro -rated shares of utilities will be billed monthly to the tenant as follows:
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Docusign Envelope ID: D78E0423-DF94-4AD7-AC2C-765611E77626
Square
Footage
Rent for
2022-23
space
Rent
2023-
2024
Annual
sum
Annual
Rounded
Monthly
Monthly
Rounded
u
Classroom 4
827
11400
11.34
9378.18
9379000
781.58
782000
11068
9659.53
9660000
805000
805800
1103
9949815
9950000
829017
830.00
Classroom 5
784
11.00
11.34
8890056
8891600
740092
741000
11468
9157412
9158.00
763417
764000
12003
9431983
9432000
786000
786000
Classroom 6
783
11.00
11034
8879622
8880000
740000
740000
11.68
9145044
9146800
762017
763000
1103
9419.80
9420000
785000
785000
Bath 1 (5 & 6)
70
11.00
11.34
793080
794000
66917
67.00
11.68
817.60
818600
68617
69900
12.03
842613
84100
70.25
71.00
Classroom 2
823
11000
11034
9332082
9333500
777975
778900
11.68
9612064
9613000
801008
802000
12003
9901002
9902000
825017
826000
Storage
225.00
231.75
2781 *00
2781000
231975
232000
238.70
2864*43
2865000
238975
239000
245086
2950*33
2951.00
245092
246000
2025 Extended
lease
0000
Classroom 1
823
12.03
9900069
9901000
825006
826.00
Office
140
12003
1684020
1685*00
140035
141000
Totals 2023
40058.00
3338*17
3339600
Totals 2024
41260.00
3438.33
3439000
Totals 2025
54084.00
4507.00
4507.00
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Docusign Envelope ID: D78E0423-DF94-4AN7 AC2G765611 E771326
2. All other Lease terms, not otherwise amended herein, shall remain in full force and effect,
including the terms set forth in the Lease regarding responsibility of utility payments and
default, and the Tenant acknowledges and agrees that by amending the Lease, City has not
waived any claims it has against Tenant for any default that occurred prior to the entry of
this Amendment.
IN WITNESS WHEREOF, the Landlord and Tenant have executed this Lease Extension
Agreement on the day and year first above written.
TENANT:
AJAX CUBS, LLC
Beckwith, OWNER
LANDLORD:
CITY OF ASPEN, COLORADO
Signed by:
7753E0500940430...
PETE STRECKER, INTERIM CITY MANAGER
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