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LEASE EXTENSION �' A-2000-9 0 4 <br />THIS LEASE EXTENSION is and is intended to be part of that lease entered into on the 20"' day of <br />April, 1987, by and between S.T.C. Corporation, a general partnership, and the CITY OF SANTA ANA, a <br />Municipal Corporation, Lessee. <br />RECITALS: <br />It is understood that on February 5, 1992 this property transferred owners by Grant Deed #92-6900 from C <br />& T Properties, a partnership, to WILLIS J_ CLEMONS AND CLAYTON B. TILLOTSON, each an undivided <br />one-half interest as Tenants in Common. And on February 5, 1992 by Grant Deed #92- <br />069098, WILLIS J. CLEMONS, an undivided one-half interest as Tenant in Common <br />transferred the property to FIRST AMERICAN TRUST COMPANY, Trustee of the Clemons <br />Family Trust dated June 30, 1988. On May 16, 1997 the interest of Clayton B. Tillotson <br />transferred to Dorothy E. Tillotson as surviving spouse, and on August 21,.1997, Dorothy E. <br />Tillotson transferred the property to Dorothy E. Tillotson and William C. Tillotson, Trustees <br />of the Dorothy E. Tillotson and William C. Tillotson, Trustees of the Dorothy E. Tillotson <br />1997 Inter Vivos Trust. <br />The parties hereto agree: <br />1. Lease Extension: <br />The lease shall be extended for a period of two (2) years. <br />Said period beginning May 1, 2000. <br />2. Ex iration Date: <br />The expiration of the lease shall be April 30, 2002 <br />3. 'Base Rent: <br />For May 1, 2000, through April 30, 2001 the base rent shall be $3029.73 <br />(Current Base $2950.00 + $79.65 CPI Adjustment (April 2000) = $3029.73) <br />4. Rental Increases: <br />The monthly base rental payable pursuant to Paragraph III above shall be calculated as <br />follows: <br />The base rent payable from the first month of the term of this amendment shall be <br />multiplied by a fraction, the denominator of which shall be the C.P_L for All Urban <br />Consumers (1967=100) Los Angeles- Riverside- Orange Co. , of April 2000, and each <br />anniversary date thereafter. The increase amount will have a 7% cap with no floor. The <br />calculation for the adjustment shall be made utilizing standard practices for such <br />adjustments as described by the American Industrial Real Estate Association,(66 e <br />5. Taxes: <br />Lessor shall be responsible for the payment of the property taxes. <br />6. Insurance: <br />Lessor shall be responsible for the payment of liability and property insurance. <br />