The City of New Port Richey has leased space to the West Pasco Chamber of Commerce since 1971. On March 18, 2014, the City and the Chamber entered into a new Lease Agreement which terminated and replaced any and all prior lease agreements. The new Lease Agreement was for a term of three years with an expiration date of June 30, 2017. Pursuant to the provisions set forth in Section 3 of the Lease Agreement, the term may be renewed for one year periods upon written agreement by the mutual parties. The City and the Chamber wish to amend the Lease Agreement in order to extend the term of the lease and to provide for the increase in the rent payment amount due each month from the Chamber.
The First Amendment presented to you for your consideration provides for a one year renewal and reflects the increase in the amount of rent from $250 a month to $400 a month. The First Amendment also incorporates the changes to Chapter 119, Florida Statutes, regarding public records so that the City is in compliance with State law. All other provisions set forth in the Lease Agreement remain unchanged and are in full force and effect.