Approve second amendment to Kindred Hospital property lease agreement

SECOND AMENDMENT TO LEASE/USE AGREEMENT AN DECLARATION OF RESTRICTIVE COVENANT AND FIRST AMENDMENT This Second Amendment ("Second Amendment") is entered into this __ day of _____ Ü 2026, by and between the CITY OF CORAL GABLES, a municipal corporation of the State of Florida (the "Lessor") and VENTAS REALTY, LIMITED PARTNERSHIP, a Delaware limited partnership (the "Lessee"). The Lessor and the Lessee may be referred to individually as a "Party" or collectively as the "Parties." RECITALS A. Lessor and Lessee entered into that Lease/Use Agreement and Declaration of Restrictive Covenant and First Amendment dated February 1, 2001 (the "Lease") for the purpose of evidencing Lessor's lease to Lessee of that certain real property depicted in Exhibit A to the Lease (the "Demised Premises"), and for the other purposes set forth therein. Exhibit A to the Lease is also attached to this Second Amendment as Exhibit A. B. The Lease, under Section II thereof, is scheduled to expire on March 29, 2026 ("Current Expiration Date") and is subject to extension as outlined below. C. The Coral Gables City Commission authorized this Second Amendment at the City Commission meeting on ______ _ D. Lessor and Lessee, acknowledging that neither party is in default under the Lease, are entering into this Second Amendment for the purpose of extending the Current Expiration Date, and for the other purposes set forth herein.

NOW THEREFORE, in consideration of the above recitals, the mutual promises and other good and valuable consideration, the receipt and sufficiency of which are hereby conclusively acknowledged, the Parties hereby agree to amend the Lease as follows: 1. Term Of Lease. The Current Expiration Date is hereby extended for a period of ten (10) years, to March 29, 2036. 2. Improvements. Lessor acknowledges Lessee's completion of the improvements required under Sections IV and Exhibit B to the Lease and Lessee's donation of the real property required under Section v of the Lease. The restrictive covenant set forth in Section V of the Lease remains and shall remain in full force and effect. 3. language: Termination. Section X "termination" of the Lease is to be replaced with the following Lessee shall have the right to terminate this Lease by giving Lessor written notice at least ninety (90) days prior to the effective date of such termination. In such event the provisions of Article IV and XIII of the Lease shall prevail. 82891658;5 Insurance Requirements – Ventas Realty, Limited Partnership 1 EXHIBIT "B" INSURANCE REQUIREMENTS Commercial General Liability Insurance written on an occurrence basis including but not limited to; Coverage for contractual liability, products and completed operations, personal & advertising injury, bodily injury and property damage liabilities with limits of liability no less than: Each Occurrence Limit - $1,000,000 Fire Damage Limit (Damage to rented premises) - $100,000 Personal & Advertising Injury Limit - $1,000,000 General Aggregate Limit - $2,000,000 Products & Completed Operations Aggregate Limit - $2,000,000 MINIMUM COVERAGE FORM (SHALL BE AT LEAST AS BROAD AS): I) Commercial General Liability ISO (Insurance Services Office, Inc.) Commercial General Liability coverage ("occurrence" Form CG 0001) or its equivalent. "Claims made" form is unacceptable except for professional or environmental liability coverage. REQUIRED ENDORSEMENTS The following endorsements with City approved language I)Additional insured status provided on a primary & non-contributory basis for the General Liability II)Waiver of Subrogation for General Liability III) Notices of Cancellation/Non-renewal/Material Changes must be sent directly to the City of Coral Gables by the Insurance Company. The City only requires the same statutory notice that an insurance company must provide to the insured, however this Notice may not be less than Thirty (30) Days, except a Ten (10) Day Notice of cancellation is acceptable for non-payment of premium. Notices of Cancellation, Non-renewal or Material Change must be provided to the following address: CITY OF CORAL GABLES INSURANCE COMPLIANCE P.O. BOX 100085 – CE DULUTH, GA 30096 All policies except for Professional Liability shall contain a “severability of interest” or “cross liability” clause without obligation for premium payment of the City. HOW TO EVIDENCE COVERAGE TO THE CITY The following documents must be provided to the City I) A Certificate of Insurance containing the following information: II) Issued to entity contracting with the City III) Evidencing the appropriate Coverage IV) Evidencing the required Limits of Liability required V) Evidencing that coverage is currently in force VI) Language provided in the Special Provision Section of the Certificate of Insurance affirming that all endorsements required by the City have been endorsed to all of the polices. A copy of each endorsement that is required by the City. Insurance Requirements – Ventas Realty, Limited Partnership 2  All Certificates of Insurance must be signed by a person authorized by that insurer to bind or amend coverage on its behalf  The City reserves the right to require a complete copy of any insurance policies required by the City. Should the City invoke this right, the policy must be provided directly to the City by the insurance agent or insurance company.  The city reserves the right to require additional insurance requirements at any time during the course of the agreement. WAIVER OF INSURANCE REQUIREMENTS Should a Proposer not be able to comply with any insurance requirement, for any reason, the Proposer must write letter to the Risk Management Division on their letter head requesting that a waiver of a specific insurance requirement be granted. The requested waiver will be evaluated by the Risk Management Division. The Risk Management Division will approve or reject the requested waiver of insurance and will forward the waiver to the City Attorney’s Office for further evaluation. Proposers are encouraged review their individual insurance needs with their insurance agents/brokers regularly to determine the adequacy of the coverage and the limits of liability that are being purchased. In certain circumstances, the City of Coral Gables will require additional insurance to respond to the hold harmless and indemnification clauses executed with the City of Coral Gables. Based on the nature of the work performed, the City of Coral Gables will determine what additional types of insurance and/or higher limits of liability that must be obtained. All documents evidencing insurance to City of Coral Gables – Insurance Compliance should be sent via email to cityofcoralgables@ebix.com and copy to riskmanagement@coralgables.com. Should you require assistance, contact the dedicated Call Service Lines for City of Coral Gables: Call Service Lines - Insurance Compliance Phone: (951) 652-2883. Fax: (770) 325-0417 Email: cityofcoralgables@ebix.com