10-25 Second Lease Amendment WOAC.pdf

10-25 SECOND AMENDMENT TO LEASE AGREEMENT This Second Amendment to Lease Agreement (this “Amendment”), is made and effective as of the 1st day of August, 2024 (the “Amendment Effective Date”), by and between VILLITA ARTES LLC and HOUSING AND NEIGHBORHOOD DEVELOPMENT SERVICES, INC. (“Lessor”), having an office at 15 South Essex Avenue, Orange, New Jersey 07050, and the TOWNSHIP OF WEST ORANGE (“Township”), having an office at 66 Main Street, West Orange, New Jersey 07052 (“Parties”). BACKGROUND : A. Lessor and Township entered into that certain Lease Agreement dated as of August 1, 2009, as amended by the First Amendment to Lease Agreement, dated the 12th of May, 2015, (as amended by this Amendment, the “Township”), for the lease of approximately 1,300 rentable square feet of space (the “Premises”)located in the building located at 555 Valley Street, West “Orange, New Jersey (the “Building”), all as more particularly described in the Lease. B. The Parties recognize that the First Amendment to the Lease Agreement expired July 31, 2024 and no payments have been made since that date despite the Township’s continued use and occupancy of the Premises. C. Lessor and Township desire to enter into this Amendment to provide for (i) a modification of the rent payable by Township under the lease, and (i) certain other modifications as more particularly described herein. D. The defined terms used in this amendment, as indicated by the initial capitalization thereof, shall have the same meaning ascribed to such terms in the Lease, unless otherwise specifically defined herein. NOW, THEREFORE , Lessor and Township, for and in consideration of the mutual covenants, agreements and undertakings herein set forth and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, hereby amend the Lease and agree as follows: 1. Lease Term, Section 2 of the Lease is hereby deleted in its entirety and the following is inserted in lieu thereof: “Township shall lease the Premises beginning August 1, 2024 for an initial term of six (6) months, expiring on January 31, 2025. 2. Renewal, Section 4 of the Lease is hereby deleted.