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FIRST AMENDMENT TO OPERATING AGREEMENT <br />FOR PUBLIC PARKING GARAGES & SURFACE LOT STAFFING <br />AND FIELD MANAGEMENT BETWEEN THE CITY OF SANTA ANA <br />AND CENTRAL PARKING SYSTEM, INC. <br />THIS FIRST AMENDMENT TO OPERATING AGREEMENT (this "Amendment') is <br />made this 7th day of April, 2015, by and between the City of Santa Ana, a charter city and <br />municipal corporation of the State of California ( "City ") and Central Parking System, Inc. <br />( "Operator "). <br />RECITALS: <br />A. City and Operator are parties to a certain Operating Agreement dated May 1, 2013 <br />(the "Agreement' #A -2013 -049), pursuant to which Operator operates and manages certain <br />parking garages and lots in and for the City of Santa Ana (the "Premises "), as further described <br />in the Agreement. <br />B. The Agreement expires by its own terms on April 30, 2015. <br />C. City desires Operator to continue operating and managing the Premises beyond <br />April 30, 2015, in accordance with the terms and conditions appearing in the Agreement and as <br />further described below. <br />D. The parties desire to amend the Agreement upon the terms and conditions herein <br />set forth. <br />NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of <br />which are hereby acknowledged, the parties hereto, duly authorized and intending to be legally <br />bound, agree as follows: <br />1. INCORPORATION OF RECITALS. The foregoing Recitals are true and <br />correct and are incorporated into this Amendment. All capitalized terms used herein shall have <br />the meanings ascribed to them in the Agreement unless such terns are expressly defined <br />otherwise herein. <br />2. TERM OF AGREEMENT. Commencing May 1, 2015, the Agreement will <br />continue on a month -to -month basis until one party provides the other with a thirty (30) day <br />written termination notice. <br />3. COMPENSATION AND REIMBURSEMENT OF OPERATING <br />EXPENSES. Operator agrees to accept a Management Fee in the amount of Two Thousand <br />Five Hundred Dollars ($2,500.00) per month for the services set forth in the Agreement. Section <br />4(a) of the Agreement shall be revised to remove the "not to exceed " language appearing in the <br />second sentence. Operator shall be reimbursed for all Operating Expenses as set forth in the <br />Agreement. Operator shall not make any purchases of equipment or supplies over Five Hundred <br />Dollars ($500.00) without prior written approval of the Contract Administrator. <br />25D -3 <br />