Laserfiche WebLink
A- 2014 -154 <br />INSURANCE ON FKE <br />WORK MAY PROCEED <br />UNTILI URANCEEXPIRES <br />fit 1 <br />CLCRK QF C0UNC1 ` -._ -- .,..-_ <br />DATE; 7— ;zv- -/ v THIRD AMENDMENT TO AGREEMENT <br />THIS THIRD AMENDMENT TO AGREEMENT is entered into on June 17, 2014, by <br />and between Clear Channel Outdoor, Inc., a Delaware corporation ( "Grantee ") and the City of <br />Santa Ana, a charter city and municipal corporation organized and existing under the Constitution <br />j and laws of the State of California ( "City "). <br />RECITALS: <br />A. The parties entered into that certain Agreement # A- 2000 -179, dated December &, 2000 <br />(hereinafter "said Agreement ") by which Grantee was awarded the exclusive right to install, <br />operate and maintain bus shelters and bus benches in the City of Santa Ana. <br />«u <br />S. The parties executed a First Amendment to Agreement A -2009 -044, dated May 4, 2009, to <br />extend the term for an additional three year period. <br />C. The parties executed a Second Amendment to Agreement A- 2013 -099, dated June 17, 2013, <br />to extend the term for Lip to an additional twelve (12) months, through June 30, 2014. <br />D. In accordance with the terms and conditions of said Agreement, the parties wish to amend the <br />Compensation and extend the term for an additional one year period. <br />WHEREFORE, in consideration of the covenants contained in said Agreement, and subject to all <br />the terms and conditions of said Agreement, except those amended in this Third Amendment to <br />Agreement, the parties agree as follows: <br />Section 2, TERM, shall be amended to extend the term for one (1) year, through June 30, <br />2015, unless said Agreement is terminated earlier, pursuant to the provisions of said <br />Agreement, or otherwise according to law. <br />2. Section 2.a., COMPENSATION, shall be deleted in its entirety and replaced with the <br />following: <br />"As consideration for the continued exclusive rights granted by said Agreement, Grantee <br />agrees to pay to City a quarterly fee of $37,500, during the term commencing July 1, 2014." <br />3. Except as hereinabove amended, all terms and conditions of said Agreement shall remain in <br />full force and effect. <br />Ilt <br />