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HomeMy WebLinkAbout1286 Consents to Lease between Horizons Office I, LLC and Various Subtenants BILL NO. 2014 -011 ORDINANCE NO. /0186 AN ORDINANCE AUTHORIZING THE EXECUTION AND DELIVERY OF CONSENTS TO LEASE BETWEEN THE CITY OF RIVERSIDE, MISSOURI, HORIZONS OFFICE I, LLC, AND VARIOUS SUBTENANTS WHEREAS, pursuant to that certain Lease Agreement between the City of Riverside, Missouri ( "City ") and Horizons Office I, LLC ( "Horizons "), authorized by Ordinance No. 1215 on June 4, 2013, such Lease Agreement being dated August 1, 2013 (the "Prime Lease "), the City leases to Horizons the property located in the Horizons Industrial Park in Riverside, Missouri having the following legal description: Lot 1 of Horizons Office One, a Replat of Lot 17, Riverside Horizons East First Plat, a subdivision in Riverside, Platte County, Missouri, according to the recorded plat thereof (the "Property "); and WHEREAS, pursuant to a certain Commercial Lease Agreement between Horizons and NorthPoint Development, LLC ( "NorthPoint "), Horizons leases to NorthPoint a portion of the Property; and WHEREAS, pursuant to a certain Commercial Lease Agreement between Horizons and ARCO National Construction Company, Inc. ( "ARCO "), Horizons leases to ARCO a portion of the Property; and WHEREAS, pursuant to a certain Commercial Lease Agreement between Horizons and RLC, LLC d /b /a Renaissance Infrastructure Consulting ( "Renaissance "), Horizons leases to Renaissance a portion of the Property; and WHEREAS, pursuant to a certain Commercial Lease Agreement between Horizons and JMH- Horizon Parkway Properties I, LLC ( "JMH "), Horizons leases to JMH a portion of the Property; and WHEREAS, as contemplated by Section 13.1(b) of the Prime Lease, the City, Horizons, and NorthPoint desire to enter into the Consent to Lease attached hereto as Exhibit A and incorporated herein (the "NorthPoint Consent to Lease "); and WHEREAS, as contemplated by Section 13.1(b) of the Prime Lease, the City, Horizons, and ARCO desire to enter into the Consent to Lease attached hereto as Exhibit B and incorporated herein (the "ARCO Consent to Lease "); and WHEREAS, as contemplated by Section 13.1(b) of the Prime Lease, the City, Horizons, and Renaissance desire to enter into the Consent to Lease attached hereto as Exhibit C and incorporated herein (the "Renaissance Consent to Lease "); and WHEREAS, as contemplated by Section 13.1(b) of the Prime Lease, the City, Horizons, and JMH desire to enter into the Consent to Lease attached hereto as Exhibit D and incorporated herein (the "JMH Consent to Lease ", and together with the NorthPoint Consent to Lease, the ARCO Consent to Lease, and the Renaissance Consent to Lease, the "Consents to Lease "); and WA 4814417.1 WHEREAS, the Board of Aldermen find it to be in the best interests of the City in order to further the objectives of industrial and economic development of the City, and the terms and conditions of the Prime Lease as well as in furtherance of the objective to protect the health, safety, and welfare of the businesses and citizens of the City to enter into and deliver the Consents to Lease as set forth herein. NOW THEREFORE, BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE, MISSOURI, AS FOLLOWS: Section 1. CONSENTS TO LEASE APPROVED. In order to further the objectives of industrial and economic development of the City, and the terms and conditions of the Prime Lease as well as in furtherance of the objective to protect the health, safety, and welfare of the businesses and citizens of the City, the following Consents to Lease are hereby approved: a. the NorthPoint Consent to Lease attached hereto and incorporated herein as Exhibit A; b. the ARCO Consent to Lease attached hereto and incorporated herein as Exhibit B; c. the Renaissance Consent to Lease attached hereto and incorporated herein as Exhibit C; and d. the JMH Consent to Lease attached hereto and incorporated herein as Exhibit D. Section 2. AUTHORITY GRANTED. The City hereby authorizes the Mayor of the City to execute and deliver the Consents to Lease, consistent with the terms of this Ordinance and Missouri law, and hereby authorizes the Mayor, the City Administrator, Special Counsel to the City and other appropriate City officials to take any and all actions as may be deemed necessary or convenient to carry out and comply with the intent of this Ordinance and to execute and deliver for and on behalf of the City all certificates, instruments, agreements and other documents, as may be necessary or convenient to perform all matters herein authorized. Section 3. EFFECTIVE DATE. This Ordinance shall be in full force and effect from and after its passage and approval. BE IT REMEMBERED that the above was read two times by heading only, PASSED AND APPROVED by a majority of the Board of Aldermen and APPROVED by the Mayor of the City of Riverside, Missouri, this 4 day of February, 2014. A O Ka hleen L. Rose, Mayor ATTEST: — St . . _ Robin. Littrell,,City Jerk Approved as to form: Sp cer ne Britt & Browne LLP S ecial Co nsel to the City b o dnar 2 WA 4814417.1 EXHIBIT A NORTHPOINT CONSENT TO LEASE 3 WA 4814417.1 CONSENT TO LEASE This CONSENT TO LEASE is entered into by the City of Riverside, Missouri (the "City"), Horizons Office I, LLC ( "Horizons "), and NorthPoint Development, LLC ( "Tenant ") as of the day of November, 2013. WHEREAS, pursuant to a certain Lease Agreement, dated August 1, 2013, between the City and Horizons (the "Prime Lease "), the City leased to Horizons the property located in the Horizons Industrial Park in Riverside, Platte County, Missouri (the "Property ") and having the following legal description: Lot 1 of Horizons Office One, a Replat of Lot 17, Riverside Horizons East First Plat, a subdivision in Riverside, Platte County, Missouri, according to the recorded plat thereof. WHEREAS, pursuant to a certain Commercial Lease Agreement between Horizons and Tenant (the "Sublease "), Horizons leased to Tenant a portion of the Property; and WHEREAS, as contemplated by Section 13.1(b) of the Prime Lease, the parties desire to enter into this Consent to Lease; NOW, THEREFORE, in consideration of the promises and covenants contained herein, and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties agree as follows: 1. The City hereby consents to the Sublease. 2. Horizons acknowledges that the Sublease shall not release or discharge Horizons from its primary liability for the payment of Basic Rent and Additional Rent under the Prime Lease and the performance of each and all of the covenants and agreements contained in the Prime Lease. 3. In the event that the Prime Lease, and the leasehold estate of Horizons created thereunder, is terminated by the City by summary proceedings or otherwise in accordance with the terms of the Prime Lease, then such termination shall not result in a termination of the Sublease and the Sublease shall continue in full force and effect on the same terms and conditions as set forth in the Sublease as a direct lease between the City and Tenant, with the same force and effect as if the City had originally entered into the Sublease as landlord thereunder, and Tenant shall not be named or joined in any action to terminate the Prime Lease or to recover possession of the Property, for so long as no Event of Default shall then be occurring under the terms of the Sublease on behalf of Tenant. [SIGNATURE PAGES FOLLOW] 11893/054/LEASES/00794752;1 ) 1 LANDLORD: HORIZONS OFFICE 1, LLC, a Missouri limited liability company By: NorthPoint Development, LLC, a Missouri limited liability company By: ----- Name: Nathaniel Hagedo Title: Manager TENANT: NORTHPOINT DEVELOPMENT, LLC, a Missouri limited liability company By: Name: Nathaniel Hage.. Title: Manager 1 1893/054/LEASES/00794752;1 1 2 CITY: CITY OF RIVERSIDE, MISSOURI By: henc:/y , oMayor ATTEST: Robin Littrell, City Clerk 1893/054/LEASES/00794752; } 3 EXHIBIT B ARCO CONSENT TO LEASE 4 WA 4814417.1 CONSENT TO LEASE This CONSENT TO LEASE is entered into by the City of Riverside, Missouri (the "City"), Horizons Office I, LLC ( "Horizons "), and ARCO National Construction Company, Inc. ( "Tenant ") as of the day of November, 2013. WHEREAS, pursuant to a certain Lease Agreement, dated August 1, 2013, between the City and Horizons (the "Prime Lease "), the City leased to Horizons the property located in the Horizons Industrial Park in Riverside, Platte County, Missouri (the "Property") and having the following legal description: Lot 1 of Horizons Office One, a Replat of Lot 17, Riverside Horizons East First Plat, a subdivision in Riverside, Platte County, Missouri, according to the recorded plat thereof. WHEREAS, pursuant to a certain Commercial Lease Agreement between Horizons and Tenant (the "Sublease "), Horizons leased to Tenant a portion of the Property; and WHEREAS, as contemplated by Section 13.1(6) of the Prime Lease, the parties desire to enter into this Consent to Lease; NOW, THEREFORE, in consideration of the promises and covenants contained herein, and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties agree as follows: 1. The City hereby consents to the Sublease. 2. Horizons acknowledges that the Sublease shall not release or discharge Horizons from its primary liability for the payment of Basic Rent and Additional Rent under the Prime Lease and the performance of each and all of the covenants and agreements contained in the Prime Lease. 3. In the event that the Prime Lease, and the leasehold estate of Horizons created thereunder, is terminated by the City by summary proceedings or otherwise in accordance with the terms of the Prime Lease, then such termination shall not result in a termination of the Sublease and the Sublease shall continue in full force and effect on the same terms and conditions as set forth in the Sublease as a direct lease between the City and Tenant, with the same force and effect as if the City had originally entered into the Sublease as landlord thereunder, and Tenant shall not be named or joined in any action to terminate the Prime Lease or to recover possession of the Property, for so long as no Event of Default shall then be occurring under the terms of the Sublease on behalf of Tenant. [SIGNATURE PAGES FOLLOW] (1893/054/LEASES/00794742;1 ) 1 LANDLORD: HORIZONS OFFICE I, LLC, a Missouri limited liability company By: NorthPoint Development, LLC, a Missouri limited liability company By: Name: Nathaniel H orn Title: Manager TENANT: ARCO National Construction Company, Inc., a Missouri corporation By: Name: Stephen F. Holste Title: CFO { 1893/054/LEASES/00794742;1 ) 2 LANDLORD: HORIZONS OFFICE I, LLC, a Missouri limited liability company By: NorthPoint Development, LLC, a Missouri limited liability company By: Name: Nathaniel H om Title: Manager TENANT: ARCO National Construction Company, Inc., a Missouri corporation By: Name: Stephen F. Holste Title: CFO (1893/054/LEASES/00794747;1 2 CITY: CITY OF RIVERSIDE, MISSOURI By: ��; Kathy I�tfse, M or ATTEST: Robin Littrel City Clerk (1893/054/LEASES/00794742;1 } 3 EXHIBIT C RENAISSANCE CONSENT TO LEASE 5 WA 4814417.1 CONSENT TO LEASE This CONSENT TO LEASE is entered into by the City of Riverside, Missouri (the "City "), Horizons Office I, LLC ( "Horizons "), and RLC, LLC d/b /a Renaissance Infrastructure Consulting ( "Tenant ") as of the day of November, 2013. WHEREAS, pursuant to a certain Lease Agreement, dated August 1, 2013, between the City and Horizons (the "Prime Lease "), the City leased to Horizons the property located in the Horizons Industrial Park in Riverside, Platte County, Missouri (the "Property") and having the following legal description: Lot 1 of Horizons Office One, a Replat of Lot 17, Riverside Horizons East First Plat, a subdivision in Riverside, Platte County, Missouri, according to the recorded plat thereof. WHEREAS, pursuant to a certain Commercial Lease Agreement between Horizons and Tenant (the "Sublease "), Horizons leased to Tenant a portion of the Property; and WHEREAS, as contemplated by Section 13.1(b) of the Prime Lease, the parties desire to enter into this Consent to Lease; NOW, THEREFORE, in consideration of the promises and covenants contained herein, and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties agree as follows: 1. The City hereby consents to the Sublease. 2. Horizons acknowledges that the Sublease shall not release or discharge Horizons from its primary liability for the payment of Basic Rent and Additional Rent under the Prime Lease and the performance of each and all of the covenants and agreements contained in the Prime Lease. 3. In the event that the Prime Lease, and the leasehold estate of Horizons created thereunder, is terminated by the City by summary proceedings or otherwise in accordance with the terms of the Prime Lease, then such termination shall not result in a termination of the Sublease and the Sublease shall continue in full force and effect on the same terms and conditions as set forth in the Sublease as a direct lease between the City and Tenant, with the same force and effect as if the City had originally entered into the Sublease as landlord thereunder, and Tenant shall not be named or joined in any action to terminate the Prime Lease or to recover possession of the Property, for so long as no Event of Default shall then be occurring under the terms of the Sublease on behalf of Tenant. [SIGNATURE PAGES FOLLOW] (1893/054/LEASES/00794296;1 ) 1 LANDLORD: HORIZONS OFFICE I, LLC, a Missouri limited liability company By: NorthPoint Development, LLC, a Missouri limited liability company By: c Name: Nathaniel Ha orn Title: Manager TENANT: RLC, LLC d/b /a RENNAISSANCE INFRASTRUCTURE CONSULTING, a Kansas limited liability company By: At A - Name: Francis H. "Chip" C•rcoran Title: President { 1893/054/LEASES/00794296;1 ) 2 CITY: CITY OF RIVERSIDE, MISSOURI By - J — Kathy Rose ayor ATTEST: Robin Littrell, City Clerk j1893/054/LEASES/00794296;I 3 EXHIBIT D JMH CONSENT TO LEASE 6 WA 4814417.1 CONSENT TO LEASE This CONSENT TO LEASE is entered into by the City of Riverside, Missouri (the "City "), Horizons Office I, LLC ( "Horizons "), and JMH- Horizon Parkway Properties I, LLC ("Tenant") as of the day of November, 2013. WHEREAS, pursuant to a certain Lease Agreement, dated August 1, 2013, between the City and Horizons (the "Prime Lease "), the City leased to Horizons the property located in the Horizons Industrial Park in Riverside, Platte County, Missouri (the "Property") and having the following legal description: Lot 1 of Horizons Office One, a Replat of Lot 17, Riverside Horizons East First Plat, a subdivision in Riverside, Platte County, Missouri, according to the recorded plat thereof. WHEREAS, pursuant to a certain Commercial Lease Agreement between Horizons and Tenant (the "Sublease "), Horizons leased to Tenant a portion of the Property; and WHEREAS, as contemplated by Section 13.1(b) of the Prime Lease, the parties desire to enter into this Consent to Lease; NOW, THEREFORE, in consideration of the promises and covenants contained herein, and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties agree as follows: 1. The City hereby consents to the Sublease. 2. Horizons acknowledges that the Sublease shall not release or discharge Horizons from its primary liability for the payment of Basic Rent and Additional Rent under the Prime Lease and the performance of each and all of the covenants and agreements contained in the Prime Lease. 3. In the event that the Prime Lease, and the leasehold estate of Horizons created thereunder, is terminated by the City by summary proceedings or otherwise in accordance with the terms of the Prime Lease, then such termination shall not result in a termination of the Sublease and the Sublease shall continue in full force and effect on the same terms and conditions as set forth in the Sublease as a direct lease between the City and Tenant, with the same force and effect as if the City had originally entered into the Sublease as landlord thereunder, and Tenant shall not be named or joined in any action to terminate the Prime Lease or to recover possession of the Property, for so long as no Event of Default shall then be occurring under the terms of the Sublease on behalf of Tenant. [SIGNATURE PAGES FOLLOW] ( 1893/054/LEASES/00794813 ; 1 ) 1 LANDLORD: HORIZONS OFFICE I, LLC, a Missouri limited liability company By: NorthPoint Development, LLC, a Missouri limited liability company By: Name: Nathaniel Hage Title: Manager TENANT: JMH- HORIZON PARKWAY PROPERTIES I, LLC, a Missouri limited liability company 13y: Name: Joseph G. Hershewe Title: Manager { 1893/054/LEASES/00794813;1 } 2 LANDLORD: HORIZONS OFFICE I, LLC, a Missouri limited liability company By: NorthPoint Development, LLC, a Missouri limited liability company By: C — --- - "t Name: Nathaniel Hage Title: Manager ((�� TENANT: JMH- a RIZON PARKWAY PROPERTIES 1, LLC, a I invited liability com ' • B. Name: Joseph G. Hershewe Title: Manager (189310541LEA5E8l00794813; 1 ) 2 CITY: CITY OF RIVERSIDE, MISSOURI By: A a i / Kathy Rose, I' ayor ATTEST: • Itobin Littre 1; Clerk , '.. 1893/054/LEASES/00794813;1 3