WAYWARD ARTIST, INC. - Laserfiche WebLink

Home Browse Search

N N INSURANCE NOT REQUIRED WORK MAY PROCEED o CLERK OF COUNCIL Q DATE; N-2021-057 Q', CDR LSu1,e WM-CYdetw) `,L) ,s This Sublease is made and entered into this first day of March 2021 by and between CSU FULLERTON AUXILIARY SERVICES CORPORATION, a California non-profit corporation ("ASC") and WAYWARD ARTIST, INC., a 501c(3) non-profit Theatre Company ('Tenant"). 1. ASC leases the GRAND CENTRAL BUILDING ("Grand Central") located in Santa Ana, California from the City of Santa Ana under a Lease Agreement dated June 19, 1995, as amended June 20, 1998, and April 5, 2004, December 5, 2011, collectively, ("Master Lease Agreement'). 2. Under the terms and conditions of said Master Lease Agreement, ASC is permitted to sublet portions of Grand Central with the approval of the property owner, the City of Santa Ana. 3. This Sublease sets forth the terms of the parties' agreement. Therefore, the parties to this Sublease mutually agree to the following terms and conditions: TERMS AND CONDITIONS 1. PREMISES. The space subleased to Tenant at Grand Central is hereinafter referred to as the ("Premises"). The Premises are situated at 125 N. Broadway, spaces 112, 113, 119, 119, and 122, in the City of Santa Ana and are more particularly described in Exhibit A attached hereto and incorporated herein. The Premises contain approximately one thousand five hundred and forty-four (1,544) square feet of floor area. 2. USE. The Premises are subleased to Tenant for the purpose to create an artistic home for the wayward artist; the lost, the naked, and the vulnerable; to produce wayward theatre of the highest quality works forgotten, works re -invented, works unknown; and to change the wayward community its arrogance, its ignorance, and its complacency. Tenant shall not use the Premises for any other purpose without ASC's prior written consent. 3. TERM. The term of this Sublease ("Term") shall be for a period of three (3) years. The term shall commence on March 1, 2021("Commencement Date"). 4. RENT AND UTILITIES. Tenant shall pay rent for the Premises at $625.00 per month ("Rent' which includes utilities) for the first year of this Sublease. Annual increases will be calculated using the Consumer Price Index (All Urban Consumers— CUURA421SAO) for "Los Angeles — Riverside -Orange County, CA" and will be effective, June 1' of each year. In calculating the Index„if the overall change in the Index is negative, then the negative change will be disregarded and the amount of the increase shall be zero. In a year with a positive index which immediately follows a year with a negative index, the increase shall be the addition of CPI indexes between years [example; -2 (Year 1)+5 (Year 2) =+3 increase). If the overall change in the index remains negative, then the negative change will be disregarded and the amount of the increase shall be zero.