FULL AGENDA PACKET_2021-04-06 - Laserfiche WebLink

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EXHIBIT 1 LEASE A(;12RIi;MFNP TI11S LEASE (the "Lease") is made as ofApt i1 6, 2021, by and between the City of Santa A tra,a charter city and municipal corpointion ("City-orr Tandlottl"),and RailWorks Track Services, Inc. ("Tenant"). City and fenant are sometimes individually refenred Was "Party" and collectively as "Parties." I. EX111131TS The following exhibits are attached hereto and incorporaled herein by i c tbrence: Exhibit "A" The Premises Exhibit "B" Additional Leak Conditions 2. PRI•,MISES: Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, upon tilee terms, covenants and subject to the conditions set forth herein, a portion of the property located at 1000 Fasl Santa Ana Boulevard in the City of Santa Ana, commonly known as the Santa Ana Regional hansportation Center (SARI C) Specifically, Tenant will be leasing the portion identified as Suite 100, consisting of approximately 320 square Feet of interior office space (hereinafter referred to its the "PRE M ISE?S" ). 'I cnant shall be. solely responsible at its own expense for Al improvements made to the Premises and obtain all necessary peewits. The Premises are more particularly described in Exhibit A. 3. COMMENCEMENT OF TERM: 'fie terra of this Lease (the "Penn") shall be for a period of one (1) year, which shall commence on April 6, 2021 (the "Commencement bate"), unless sooner terminated or extended as provided herein. 4. ADDTPIONAL I FASL CONDITIONS: Tenant acfohowledges that tin lease is subject to compliance with the additional lease conditions attaclaetl Ihereto as P;xhibit R. I'ltese additional lease Conditions are a material pail of this lease agreement and any defilult of these conditions will be deemed it major breach and will subject this lease to termination per the terms identified herein. 5. EXTENSION ITRIODS' Landlord shall have the right, but not the obligation, to provide Tenant the option to extend the Term for additional periods of one (1) month on the same terms .and conditions as set firth in thus Leask;, ask;, up to twelve (12) months total. Each option shall be agrced to in writing by the Landlord and Tenant prior io the expiration of the Term or any L-xtension Period then in eticct. Tf Tenant does not exercise its option to extend as provided herein, Tenant will be deemed it holdover Tenant and subject to paragraph 7 of this lease. The lease is subject to a Cmtsiuner Price Index (CPl) increase for any extension period. 6- RENT : (a) Beginning on April 6, 2021 tenant shall pay to Landlonl, as rent throughout the Ternn, the monthly snm of Fight Ilundred and Fifteen Dollars ($81 S.00) in advance, on the I st day of each calendar month and continuing through the life of thc'Fenn. Any partial month shall be, prorated at $27 per day. All payments of Rent and other sums clue to Landlord hereunder shall be made payable to "The City of Santa Ana" and remitted to: City of &nb�p; City Council  12 &ndxsh;&nbsp:4 4/6/2021 cQnbsp,