Amend to lease PA SEA 72600

What This Document Says

#72600 AMENDMENT TO LEASE AGREEMENT THIS AMENDMENT TO LEASE AGREEMENT ("Amendment") is made and entered into as of the 14th day of July, 2022, by and between the SPORTS & EXHIBITION AUTHORITY OF PITTSBURGH AND ALLEGHENY COUNTY, a body corporate and politic, organized and existing pursuant to the Sports and Exhibition Authority Act (Act of July 28, 1953, P.L. 723, No. 230, § 2501-A, added October 30, 2000, P.L. 616, No. 85, § 6, 16 Purdon's Statutes 5501-A, et seq.) (the "Authority") and PITTSBURGH ASSOCIATES, a Pennsylvania limited partnership ("Lessee "). WHEREAS, the Authority is landlord under that certain Lease Agreement, dated June 20, 2000, by and between the Authority and Lessee, as tenant, as amended and/or modified through the date hereof (the "Lease"), pursuant to which the Authority leases to Lessee and Lessee leases and accepts from the Authority the Leased Premises (as defined in the Lease), which Leased Premises consists of the Ballpark; and WHEREAS, the Authority and Lessee wish to amend the Lease with respect to matters related to the undertaking of certain Ballpark capital projects; and WHEREAS, the Authority and Lessee have determined to provide for increased financial support for long term capital needs of the Ballpark.

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