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Last modified
6/12/2019 3:12:44 PM
Creation date
6/12/2019 3:07:41 PM
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Contracts
Company Name
COMMUNITY REDEVELOPMENT AGENCY
Contract #
A-2004-066
Agency
Community Development
Notes
ASSIGN LEASE TO CITY OF SANTA ANA RE CALIFORNIA STATE UNIVERSITY, FULLERTON FOUNDATION OPERATION OF GRAND CENTRAL ART CENTER
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A-2_o01 _ 0 (p (o <br /> SECOND LEASE AMENDMENT 1 <br /> THIS LEASE AMENDMENT is made and entered into this day of /r f{i.I , <br /> 2004,by and between the COMMUNITY REDEVELOPMENT AGENCY OF THE <br /> CITY OF SANTA ANA, a public body, corporate and politic("Lessor"), and <br /> CALIFORNIA STATE UNIVERSITY,FULLERTON FOUNDATION,a California <br /> non-profit public benefit corporation("Lessee"), in reference to that certain LEASE <br /> AGREEMENT between the parties hereto dated June 19, 1995,as amended on or about <br /> July 20, 1998 (the"Lease"). <br /> RECITALS <br /> A. Landlord and Lessee entered into the Lease for the purpose of rehabilitating the <br /> Premises to be used as an arts facility for the Cal State Fullerton graduate arts <br /> program. <br /> B. Landlord and Lessee desire to amend the Lease to clarify the commencement date <br /> and add twenty(20)years to the term of the Lease. <br /> C. Landlord desires to provide an additional subsidy to Lessee in return for its <br /> agreement to extend the Lease term. <br /> D. Landlord and Lessee desire and to add to the Lessee additional rights to request a <br /> termination of the Lease. <br /> E. Landlord desires to assign the fee simple interest in the Premises to the City of <br /> Santa Ana("City"), and Lessee consents to this assignment subject to the City's <br /> assumption of all the Landlord's obligations and compliance with all terms and <br /> conditions of this Lease. <br /> Now therefore, the Parties agree as follows: <br /> 1. Clarification of Commencement Date and Modification of Lease Term. <br /> Section 4(a)of the Lease is hereby amended in its entirety to read as follows: <br /> "Commencement Date. The Commencement Date of this Lease shall be January 1, <br /> 1999." <br /> Section 4(b) of the Lease is hereby amended in its entirety to read as follows: <br /> "The initial term("Initial Term") of this Lease shall be for thirty(30)years, <br /> commencing on the Commencement Date, and ending on the date thirty(30)years <br /> thereafter,unless sooner terminated as hereinafter provided." <br />
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