Amends the Premises Lease Agreement with CMC Qalicb, LLC, to add $25,000.00 for a total of $365,001.00 and adding five months for a new end date of 5-31-2026 and to extend the date on which the Put Price or Call Price as applicable shall be paid by the City to 1-01-2026 for a community media center at 2101 Arapahoe Street, Unit 1 in the Ball Park District, in Council District 9 (TECHS-201844521/FINAN-202582152-01).

This item amends the Premises Lease Agreement with CMC Qalicb, LLC for a community media center located at 2101 Arapahoe Street, Unit 1. The amendment adds $25,000.00 to the total contract amount, bringing it to $365,001.00. Additionally, the lease term is extended by five months, with a new end date of May 31, 2026. The date for the City to pay the Put Price or Call Price is also extended to June 1, 2026. This amendment allows additional time for the City to reach closing for the purchase under a pre-existing Put Option.

This amendment extends the lease for a community media center, increasing the total contract value by $25,000 and extending the end date to May 31, 2026. This ensures continued operation of the media center and provides more time for a potential purchase by the City.

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