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FULLERTON AUXILIARY SERVICES CORPORATION, CALIFORNIA STATE UNIVERSITY AND TRUTH AND ALCHEMY, INC. - 2013
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FULLERTON AUXILIARY SERVICES CORPORATION, CALIFORNIA STATE UNIVERSITY AND TRUTH AND ALCHEMY, INC. - 2013
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Last modified
6/3/2014 9:12:20 AM
Creation date
2/10/2014 11:08:37 AM
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Contracts
Company Name
TRUTH AND ALCHEMY, INC.
Contract #
N-2014-014
Agency
COMMUNITY DEVELOPMENT
Expiration Date
10/1/2018
Destruction Year
2025
Document Relationships
CSU FULLERTON (FORMERLY FULLERTON FOUNDATION)-2011
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2. Additional Overatins Subsid <br />Paragraph 16(h) is added to the Lease to read as follows: <br />(h) Additional Assistance in payment of Operating Losses. <br />"Each calendar year beginning with 2003, Landlord shall pay Lessee the following <br />additional operating subsidy: <br />"2003 $80,000 <br />"2004 $75,000 <br />"2005 $70,000 <br />"2006 $65,000 <br />"2007 $60,000 <br />"This additional subsidy shall be paid not later than December I of each year <br />specified above, and shall be deposited by Lessee in the Special Account specified in <br />paragraph 16(c), above. Notwithstanding the foregoing, the subsidy for 2003 will be paid <br />to Lessee on or before May 1, 2004. <br />"Landlord and Lessee further agree to meet and confer to discuss whether this <br />provision should be further amended upon written request of Lessee made on the grounds <br />that support given to Lessee by the Trustees of the California State University, or the <br />administration of California State University at Fullerton, has materially diminished or <br />been eliminated; or the Lessee's costs associated with the Premises have materially <br />increased." <br />3. Eaz y Termination of the T ease <br />Section 4(d)(ii) of the Lease is hereby amended to add the following to the end of this <br />paragraph: <br />"Commencing in Year 16 (i.e., on January 1, 2015) through Year 30 (4e„ January 1, <br />2029) Lessee may request that the Landlord's executive body (i.e., the Agency Board or <br />City Council if the Lease has been assigned pursuant to paragraph 4 below) terminate this <br />lease upon one year's notice due to economic hardship or other unforeseen circumstances, <br />wbich request shall not be unreasonably denied." <br />4. Consent To Assignment to Cit <br />v of Santa Ana. <br />Landlord and Lessee agree that the Landlord may assign this Lease to the City of Santa <br />Ana ( "City ") as part of the City's acquisition of the Premises without any further <br />approval by Lessee; provided, however, that the City shall assume all of Landlord's <br />obligations and comply with all terms and conditions of this Lease. Landlord agrees that <br />
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