Item 38 - Lease Agreement for the Santa Ana WORK Center

Home Browse Search

FIRST AMENDMENT TO OFFICE LEASE BETWEEN SANTA ANA CA I SGF, LLC AND THE CITY OF SANTA ANA THIS FIRST AMENDMENT TO OFFICE LEASE (this "First Amendment'') is entered into as of ____ _. 2023 (the" -ffective Date") by and between SANTA ANA CA I SGF, LLC, a Delaware limited liability company ("Landlord"), and THE CITY OF SANTA ANA, a charter city and municipal corporation ("Tenant"). WITNESSETH: WHEREAS, Landlord, as successor-in-interest to CF SANTANA, LLC, a Delaware limited liability company, and Tenant entered into that certain Office Lease No. A-2017-264 dated October 7, 2017, Tenant Estoppel Ce1iificate No. A-2017-264-01 dated February 8, 2018, and Exhibit B Notice of Lease Term Dates No. A-2017-264-02 dated February 16, 2018 (hereinafter collectively referred to as the "Lease"), pursuant to which Landlord leased to Tenant and Tenant leased from Landlord that certain premises identified as Suite 200 containing approximately 19,321 rentable square feet of office space (the "Prerni e ") in the building located at 80 I Civic Center Drive, Santa Ana, CA 92701 (the "Building"); WHEREAS, Landlord and Tenant desire to amend the Lease to set a new Term of the Lease, subject to the terms and conditions set forth herein. NOW, THEREFORE, in consideration of the aforesaid premises and the other agreements and covenants hereafter set forth and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties do hereby agree as follows: I.Tncorporalion of Recitals. The above recitals are hereby incorporated into this First Amendment as if fully set f01ih herein. As used herein the term "Lease'' shall mean the Lease as amended by this First Amendment. 2.D tinitions. All capitalized terms used in this First Amendment shall have the meanings assigned to them in the Lease unless otherwise specified herein. 3.Te rm. The Initial Term as defined by Section 3, Basic Lease Provisions, of the Lease is hereby for a period of One Hundred Tw enty ( 120) full calendar months, commencing on July 1, 2023 and expiring on June 30, 2033 (the ''Term"). Tenant shall have the right to extend the Term for two (2) sixty (60) month periods, in accordance with Section 3.2.2, Standard Lease Provisions, of the Lease. 4.Base Rent. Commencing on July I, 2023, Te nant shall pay Base Rent in the fol lowing amounts: Monthly Installment Annual Rental Rate Dates Annual Base Rent of Base Rent ger RSF 7/1/2023 -6/30/2024 $544,852.20 $45,404.35 $2.35 5910216.11 EXHIBIT 1