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25F - AGMT - COUNTY LEASE AT SARTC
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04/15/2014
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25F - AGMT - COUNTY LEASE AT SARTC
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Last modified
4/10/2014 4:05:44 PM
Creation date
4/10/2014 3:20:37 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
25F
Date
4/15/2014
Destruction Year
2019
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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />Year <br />2 <br />4 <br />8 <br />11 <br />13 <br />15 <br />17 <br />Commencine <br />March 1, 1999 <br />March 1, 2001 <br />June 1, 2005 <br />March 1, 2008 <br />March 1, 2010 <br />March 1, 2012 <br />March 1, 2014 <br />Monthly Rental <br />$7,411.36 <br />$7,781.93 <br />$8,560.13 <br />$8,988.14 <br />$9,437.55 <br />$9,909.43 <br />$10,404.90 <br />Monthly Rent (S.F.) <br />$1.13 <br />$1.19 <br />$1.31 <br />$1.37 <br />$1.44 <br />$1.51 <br />$1.52 <br />Effective March 1 st of Year 18 (2015) and Year 19 (2016) the rent shall automatically be <br />adjusted in proportion to the change in the Consumer Price Index for Los Angeles— Riverside- <br />Orange County, CA (All Urban Consumers —All Items, 1982 84 = 100) promulgated by the <br />Bureau of Labor Statistics of the U.S. Department of Labor or any replacement index thereto for <br />the period of time between the commencement date of the lease term and the adjustment date. <br />The increase or decrease shall be calculated by means of the following formula: <br />Adjusted Rent = A x B <br />C <br />A = $7,307.10 <br />B = Monthly index for the month of November prior to the month in which the rent <br />increase is to become effective. <br />C = 160.7 (Monthly index for November 1997) <br />Notwithstanding the above, the Adjusted Rent shall not exceed 105% of the previous monthly <br />rent. <br />D. Exhibit A to the Lease is hereby deleted and Revised Exhibit A, entitled "Revised Description – <br />Premises," attached hereto is substituted. <br />E. Exhibit B to the Lease is hereby deleted and Revised Exhibit B, entitled "Revised Plot Plan - <br />Premises," attached hereto is substituted. <br />F. Clause 24. ATTACHMENTS (9.2 S) is deleted from the Lease and the following is substituted: <br />"24. ATTACHMENTS (9.2 S) <br />ES: 12 -16 -13 GA 1213 -115 -2 <br />Second Amendment to Lease Page 3 SSA /The Depot at Santa Ana <br />25F -5 <br />
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