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20A - AA - SARTC LEASE ALDRIDGE
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20A - AA - SARTC LEASE ALDRIDGE
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Last modified
2/14/2019 4:18:16 PM
Creation date
2/14/2019 4:16:23 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
20A
Date
2/19/2019
Destruction Year
2024
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Exhibit 1 <br />LEASE AGREEMEN <br />THIS LEASE (the "Lease") is made as of February 19, 2019, by and between The City of <br />Santa Ana, a charter city and municipal corporation organized and existing under the <br />Constitution and laws of the State of California ("City" or "Landlord"),and Aldridge Group <br />("Tenant"), <br />1. EXHIBITS: The following exhibits are attached hereto and incorporated herein by <br />reference: <br />Exhibit "A" The Premises <br />Exhibit "B" Additional Lease Conditions <br />Exhibit "C" Janitorial Specifications <br />2. PREMISES: Landlord hereby leases to Tenant, and Tenant hereby leases from <br />Landlord, upon the terms, covenants and subject to the conditions set forth herein, a portion of <br />the property located at 1000 East Santa Ana Boulevard in the City of Santa Ana, commonly <br />known as the Santa Ana Regional Transportation Center (SARTC), Specifically, Tenant will be <br />leasing the portion identified as Suite 300, consisting of approximately 2,041 square feet of <br />interior office space (hereinafter referred to as the "PREMISES"). Tenant shall be solely <br />responsible at its own expense for all improvements made to the Premises and obtain all <br />necessary permits. The Premises are more particularly described in Exhibit A. <br />3. COMMENCEMENT OF TERM: The term of this Lease (the "Term") shall be for a <br />period of two (2) years, which shall commence on February 20, 2019 (the "Commencement <br />Date"), unless sooner terminated or extended as provided herein. <br />4. ADDITIONAL LEASE CONDITIONS: Tenant acknowledges that this lease is subject <br />to compliance with the additional lease conditions attached hereto as Exhibit B. These additional <br />lease conditions are a material part of this lease agreement and any default of these conditions <br />will be deemed a major breach and will subject this lease to termination per the terms identified <br />herein. <br />5. EXTENSION PERIODS: Landlord shall have the right, but not the obligation, to <br />provide Tenant the option to extend the Term for additional periods of one (1) month on the <br />same terms and conditions as set forth in this Lease, up to twelve (12) months. Each option shall <br />be agreed to in writing by the Landlord and Tenant prior to the expiration of the Term or any <br />Extension Period then in effect. If Tenant does not exercise its option to extend as provided <br />herein, Tenant will be deemed a holdover Tenant and subject to paragraph 7 of this lease. The <br />lease is subject to a Consumer Price Index (CPI) increase for any extension period. <br />6. RENT: (a) Beginning on March 1, 2019 tenant shall pay to Landlord, as rent ("Rent"), <br />throughout the Tenn, the monthly sum of Four Thousand Eighty Two Dollars ($4,082,00) in <br />advance, on the 1 st day of each calendar month and continuing through the life of the Term. <br />20A-5 <br />
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