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Home My WebLink About740444.tiff RESOLUTION RE: LEASE AGREEMENT BETWEEN WELD COUNTY GENERAL HOSPITAL AND CONCORDIA CORPORATION. WHEREAS, it has been brought to the attention of the Board of County Commissioners, Weld County, Colorado, that there is a need to rent additional space in the old Greeley Clinic Building located at 1801 17th Street, Greeley, Colorado, in behalf of the Weld County General Hospital, and WHEREAS, there has been causeyyo be submitted a Business Lease Agreement between Concordia Corporation and the Board of Trustees of the Weld County General Hospital providing for the necessary space for the Weld County General Hospital, and WHEREAS, the Board of County Commissioners, Weld County, • Colorado, believes it to be in the best interest of the County to approve said Lease Agreement between Concordia Corporation and the Board of Trustees of the Weld County General Hospital on the basis recited therein. NOW, THEREFORE, BE IT RESOLVED, by the Board of County Commissioners, Weld County, Colorado, that the Business Lease Agree- ment between Concordia Corporation and the Board of Trustees of the Weld County General Hospital, copy of which is attached hereto and made a part hereof by reference, be, and it hereby is approved. BE IT FURTHER RESOLVED, that the Board be, and it hereby is authorized to execute approval of said Lease Agreement as submitted. The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 24thday of June, 1974. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO atitzgs ATTEST- O j� Weld County Clerk and Recorder and Clerk to the Board. as, eputy County erk A - AST 1� 3VF- 740444 aunty ttorney )41 S0607 Ai rQ'5 tt ( dd 1f 17 J � 0 , e ►�€ t 4 c ' 1 'n1 ', U"1 1 BUSINESS LEASE THIS INDENTURE, made this 12th day of April, 1974, between CON- CORDLA CORPORATION, a corporation duly organized and existing under and by virtue of the laws of the State of Colorado (herein the Lessor) and the . • BOARD OF TRUSTEES OF THE WELD COUNTY GENERAL HOSPITAL, a part . of the political subdivision known as the County of Weld and State of Colorado (herein the Lessee). • WITNESSETH: . WHEREAS, the Lessor is the owner of a building located at 1801 17th Street, Greeley, Colorado, which was formerly occupied by the medical partnership known as the Greeley Clinic, which is presently only partially occupied, and the Board of Trustees of the Weld County General Hospital Ins authorized the develop- ment of a family practice residency training program which requires that a clinic be established, and it is considered desirable by both parties to this instrument to locate such clinic in the premises above described, and WHEREAS, the announced purpose of the training program is to train physicians to render primary medical care, particularly in the role of a family type physician who would maintain continuity of care of patients and families and serve as a referral physician to specialists whenever the needs of the patient were beyond their family physician's capability, and such program will be • affiliated with the University of Colorado Medical Center, and WHEREAS, Lessor approves the purpose for which Lessee desires to occupy the premises which are the subject matter of this Lease, NOW, THEREFORE, in consideration of the payment of the sums of money hereinafter provided, and the keeping and performance of the covenants and agreements by the said Lessee hereinafter set forth, Lessor hereby leases unto the said Lessee, • the following described premises situate in the City of Greeley and State of Colorado, -to-wit: All that portion of the main floor 'of the old Greeley Clinic Building located at 1801 17th Street, which lies South of the North wall of the reception room, but including the Men's and Women's toilet facilities • located adjacent to and North of the reception room, all as is more specifically shown on Greeley Clinic Addition Alterations Plat as prepared by N. R. Brigham, Architect, said Plat being dated October 21, 1963: December 21, 1963; together with all that portion of the basement of said premises lying South of the North wall of the area identified as Lounge and Record room: also together with the non-exclusive use of the parking lot which • is adjacent to and was previously utilized as parking facilities for doctors, --- and patients of the Greeley Clinic prior to the latter's move into the new clinic building, immediately West of the demised premises (it being understood and agreed that Lessor reserves unto itself for the benefit of the Greeley Clinic, a medical partnership, the right to use any . .portion of the parldng lot adjacent to the demised premises that might be required by doctors, employees and patients of the Greeley Clinic). ' • � “, . . i, i. vv l l) IIInal lill, J-1Slli 'vith he appurtcnlneed unto the Said Lessee from 12:00r'clock noonot the 15th day of May.---974, until 12:00 o'clock noon on the 15th d:. f May, 1977. It is acknowledged by the parties hereto that Lessor has leased and will additionally lease when the opportunity is available, other portions of the old • Greeley Clinic Building not hereinabove demised unto Lessee. A computation of the total square footage to he occupied by Lessee has been made, and it is agreed that this square footage is 12,500. Additionally, (AR, 537 a computation of the total square footage contained in the old Clinic Building is Accordingly, it is acknowledged by the parties hereto that Lessee is0.9,288) occupying 6570 of said old Greeley Clinic Building. Accordingly, and as consideration for the rental of the premises by Lessor to Lessee, the latter agrees to pay to Lessor the following amounts: (a) 65% of all electric and water assessments or charges as are incurred from time to time. (b) 65% of all real estate taxes assessed and levied against said premises. Said tax payments will be payable by Lessee subsequent to receipt of notice of taxes due by Lessor, and upon request by Lessor of Lessee. Taxes for 1974 which represents less than a full 12 month lease year, shall be appropriately adjusted. 153,345.96 @ 85'8% (c) There will be an unpaid balance of $ on the mortgage indeb- tedness encumbering the old Greeley Clinic Building. Said unpaid balance is amortized on a monthly basis by Lessor, and said monthly payments include Ego SOO interest on said mortgage balance. As additional rent to Lessor, Lessee agrees_ba1 1979 to pay 65% of said interest payments as they accrue and are paid by Lessor. ,i to , ' (d) Lessor carries casualty insurance on the old Greeley Clinic Building with Lott Agency of Greeley, Colorado. Lessee shall be obliged to pay as additional rent to Lessor, 65% of the prepaid or to be paid premiums on said policy during - the demised term. (e) Because of the manner of installation of furnaces, the pro rata per- V' centage pa. le by Lessee on electric and water utilities is not_a_pplicaliCtO the hobby ion expenses incurr son of consumption of gas utiliz 6h eat the old Clinic it/ 4Building. The square footage ied by.a se - y leased portion of the old Clinic Building for pharmacy purpos n area designated "Mothers' room" as shown on said Brigham , which is not a par remises leased by , , ig $ of all gasLessee bill hereiny urred i subsequent to Therefore the comLesseemencementshallbe dateobl of the lease ter - l un 1 itT is expiration. . _ The following special stipulations are agreed to by the parties hereto with reference to the obligations of Lessee as is immediately hereinabove set forth, to-wit: • • 1. An indication has been received by Lessee from the \Veld County Treasurer's office that there is a possibility that that portion of the old Clinic Building herein demised to Lessee may be exempt from taxes during the period of Lessee's occupancy. If this result ensues, Lessee shall be tinder no obligation to pay such taxes as are above stipulated. • '_' I essor• wi' on a regul;ir h: is, hill Lessee f' Ins latter's :tpprm, • share of taxes, insurance ...id utility obligations, and Lessee will remit to Lessor within days thereafter. It is farther mutually understood and agreed ;hat Lessor will perform or cause • to be performed, all necessary walkway, parking lot :uxl yard maintenance. hot Lessor will bill ,'and Lessee will pay as billed, the latter's proportionate sl;•t r0 of walkway maintenance, yard care and parking lot, in an amount as equitably deter- • mined by Lessor.' It is further mutually understood :Ind agreed tint all repairs and maintenance • occasioned by normal wear and tear shall be accomplished by and :it the expense of Lessee. In the event capital expenditures are obliged to be made by reason of • major replacements of equipment such as furnaces, boilers, roofs, air-conditioners and the like, the same shall be accomplished by and at the expense of Lessee: provided however, that the cost thereof will have applied thereto from the elate of installation, depreciation guidelines for comparable installations as established by the Internal Revenue Service of the United States. At such time as this Lease - or any renewal thereof expires and Lessee vacates the premises. Lessor will • reimburse Lessee for the undepreciated value of all such capital improvements. It is mutually agreed between the parties hereto that all equipment and the building are delivered to Lessee in an "as is" condition. • •• Lessee will require its employees, patients and doctors involved in Lessee's program to utilize the parking lot area immediately adjacent to the demised premises, if • such control of parking can be effectively accomplished. . It is further mutually understood and agreed that Lessor will furnish Lessee with a minimum of six months' notice prior to_thaexniration f the primary teriTLo • • s • r does not intend to renew said Lease. In the event such notice is not given, the term of this Lease will automatically renew for anadditional two-year term under the same conditions aS are hnrnin ",c,_ •t, d: provided however, that any portion of said additional two-year term or terms may be shortened by the delivery of six months' notice :from Lessor to Lessee or the former's need for possession of the demised premises. It is further mutually agreed that in case said premises shall become un- • ' tenatable on account of damage by fire, flood or act of God. this Lease may thereon be terminated by the Lessee or Lessor: no assent, expressed or implied. • to any breach of any one or more of the covenants or agreements hereof, shall b„ • deemed or taken to he a waiver of any succeeding or other breach: Lessee agrees • to neither hold nor attempt to hold the Lessor liable for any injury or damage, either proximate or remote, by reason of the negligence or default of the Lessor or any other occupants or tenants of the old Greeley Clinic Building, nor liable for any injury or damage occasioned by defective wiring or the breakage or stoppage of plumbing upon said premises, whether said breaking or stoppage results from freezing or otherwise: Lessee agrees not to permit the premises to be used for any purpose which would render the insurance thereon void, or the insurance risk more hazardous: Lessee agrees to allow Lessor at any reasonable hour of the day • to enter into or upon, and view said premises. It is further mutually agreed that if, after the expiration of this lease, the Lessee shall remain in possession of said premises and continue to pay the obligations agreed to be paid by it as above provided, and without written agreement as to such possession, then such Lessee shall be regarded as a tenant from month to month. • It is further und toad and agreed that Lessor hen grants to Lessee, permission and authority to remodel or alter the interior of the demised premises or any portion thereof, at Lessee's expense, subject however, to prior approval of Lessor, and once said approval has been granted, Lessee shall not be obliged to restore said premises to their former condition at the time Lessee vacates said premises. • It is further and finally understood and agreed that U the payments required• to be made and the covenants required to be performed by Lessee shall be in arrears or in default, it shall and may be lawful for the said Lessor to declare said term ended, in which event, said Lessee hereby covenants and agrees to surrender and deliver up said premises to said Lessor immediately upon the termination othof said term; that this Lease is not assignable; that Lessee, prior to occupying premises will obtain and pay for public liability and property damage insurance in an amount acceptable to Lessor, and that said insurance coverage shall provide for inclusion of Lessor as an insured. IN WITNESS WHEREOF, the parties hereto have executed these presents on the day and year first above written. CONCORDI CORPORATIO. • By - .l President • Attest: ��L iCrzc— Secre6y Weld County Clerk and Recorder and Clerk to the Board. BOARD OF TRUSTEES OF THE WELD COUNTY GENERAL HOSPITAL By • Deputy County Clerk i J//y• am Chairman of the Board - = Attest: APPROVED: 7t? „72H BOARD OF COUNTY COMMISSIONERS ` is e WELD COUNTY, COLORADO 7 Secretary • • • ADDENDUM No. 1 Lessee agrees to pay lessor 65% of the total gas bill - computed by adding readings on both gas meters - as are incurred from time to time. IN WITNESS WHEREOF, the parties hereto have executed these presents on the day and year first above written. CONCORDIA CORPORATION • BY `/ i/ President Attest: Secrets BOARD OF TRUSTEES OF THE WELD COUNTY GENERAL HOSPITAL BY //e fee wv 1.01,31 aairman of the`Board APPROVED: Attest: BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO retary Weld County Clerk and Recorder and Cleric to tlae.$oard. By' • Deputy County Clerk Dated this 1st day of May, 1974. Hello