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ICM INVESTMENTS, LTD.
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ICM INVESTMENTS, LTD.
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Last modified
10/18/2024 4:07:24 PM
Creation date
9/5/2024 1:53:19 PM
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Contracts
Company Name
ICM INVESTMENTS, LTD.
Contract #
A-1993-020
Agency
Community Development
Destruction Year
1997
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J, <br />C!, <br />EASE AMENDMENT NO. I <br />HOLDOVER AGREEMENT <br />This Lease Amendment No. I (the "Agreement") is <br />into by and between lCM INVESTMENTS, LTD,, <br />"Lessor") and CITY OF SANTA ANA, a Municipal <br />(the "Lessee") in reference, to the leasehold premises <br />Suite J, Santa Ana, California (the "Premises"), any <br />agreement between the Lessor and Lessee: <br />dated January 29, 1993 and is entered <br />a California Limited Partnership, (the <br />Corporation of the State of California, <br />located at 1415 E. McFadden Avenue, <br />meant to modify the following prior <br />A. Lease dated May 14, 1990, as entered into by and between Lessor and Lessee <br />(the "Lease"). <br />The Lease shall be referred to as the "Prior Agreement." <br />LESSOR AND LESSEE now intend to utilliz,3 this A�',,reernenf to, modify the terms of the Prior <br />Agreement. The Lessor will allow the Lessee to retnain in possession of the Premises after <br />June 30, 1993, and in consideration of such modifications, Lessor and Lessee agree as <br />follows: <br />1. HOLDOVER TERM. The Holdover Terin shall be on a MONTH -TO -MONTH <br />BASIS, provided, however, that such continuance shall not be considered as being a <br />renewal of the Lease and said month -to -month tenancy may be terminated by either <br />party upon at least ninety (90) days' prior written notice to the other party. <br />2. BASE 1-101.,,I)OVER RENT. Base Holdover Rent shall be at a rental rate of ONE <br />'THOUSAND TWO HUNDRED ONE DOLLARS AND 00/100 ($1,201.00) per month, <br />payable on the first day of each month. The first Such installment shall be due and <br />payable on July 1, 1991 <br />3. MONTHLY OPERATING EXPENSES PER SECTION 4.2 OF THE LEASE, <br />Monthly operating expenses per Section 4.2 of the lease shall be a rental rate of SIXTY <br />DOLLARS AND 00/100 ($60.00) per month and payable on the first day of each month. <br />The first Such installment shall be due and payable on July 1, 1991 <br />4. AUTHORY17Y. By signing this Agreement, each of the signatories expressly <br />represent and warrant that he or sine is duly authorized by their respective business <br />entities to execute ai-j"I deliver this Agreement on 'behalf of that party. <br />5. CONFLICT WITH PRIOR AGREEMENT. Except is expressly inoclifitcl by the <br />I <br />terms and conditions of this Agreement, all the terms and conditions of the Prior <br />Agreement shall remain unmodified, in full force and effect, and shall be fully applicable <br />during the Holdover Term. Should any conflict arise between the provisions of the Prior <br />Agreement and terms of this Agreement, the terms of this Agreement shall control. As <br />to any conflict which exists between the printed terms of the Prior Agreement and those <br />which are typewritten or handwritten, the typewritten and/or handwritten provisions of <br />the most currently dated agreement shall control. The terms of the Prior Agreement <br />shall apply, as so modified to the rights and obligations of Lessor and Lessee during the <br />Holdover Term. <br />
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