Laserfiche WebLink
<br />A-2007 -202 <br /> <br />'N6URN,- f fOT REQUIRED <br />~I WORr( MAY PROCEED <br />CLERK OF COUNCIL <br />nATF' /-13'-08 <br />0: eOA (2.") <br />ToM E"uef\ <br /> <br />LEASE AGREEMENT BETWEEN <br />THE CITY OF SANTA ANA AND <br />FIEST A MARKETPLACE PARTNER <br /> <br />1. PARTIES <br /> <br />This Lease is made and entered by and between Fiesta Marketplace Partner <br />("Landlord") and the City of Santa Ana, a charter city and municipal corporation duly <br />organized and existing under the Constitution and laws of the state of California <br />("Tenant"). <br /> <br />2. PREMISES <br /> <br />Landlord does hereby lease to Tenant, and Tenant hereby leases from Landlord <br />that certain office space ("Premises") indicated on Exhibit A, attached hereto and <br />incorporated herein, said Premises being agreed, for purpose of this Lease, to have an <br />area of approximately Five Thousand Eight Hundred Fifty (5,850) square feet, being <br />situated within that certain building known as 305 E. Fourth Street, Second Floor, in the <br />City of Santa Ana 92701 ("Property"). <br /> <br />3. TERM OF LEASE <br /> <br />The term of this Lease shall be for two (2) years, commencing on the first (1st) <br />day of August 2007, and ending on the thirty-first (31st) day of July, 2009. Upon <br />termination of said term, there shall be two I-year options, each exercisable at the sole <br />option ofthe Tenant. <br /> <br />4. RENT <br /> <br />(a) Current rent being paid to Landlord by Tenant is Nine Thousand Twenty-Five <br />Dollars and Eighty-Three Cents ($9,025.83). Upon execution of this Agreement, rent <br />shall be increased to Nine Thousand Three Hundred Eighty Six Dollars and Eighty-Six <br />Cents ($9,386.86) for the two-year term (a 4% increase over the rent being currently paid, <br />as mutually agreed upon by the parties). Tenant agrees to pay rent payments on or before <br />the fifth day of each full calendar month during the term hereof. Rent for any period <br />during the rental term which is less than one (1) month shall be a prorated portion of the <br />monthly installment herein, based upon a thirty (30) day month. <br /> <br />(b) CPI Adjustment: If at the end of the two-year term of this lease, the option to <br />renew is exercised, then on the commencement of the first one-year option period, the <br />rent shall be increased by the amount of the percentage increase in the Consumer Price <br />Index, All Urban Consumers, Los Angeles-Anaheim-Riverside Area 1982-84=100, from <br />the commencement date to the date of adjustment, with a minimum increase of 4% and a <br />