CENTRAL PARKING SYSTEM, INC. (PARKING GARAGES -2015)

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iNSURAWL ON FILE WORK MAY PROCEEi7 UNTIL INSURANCCEXPIRES CLERK OF COUNCIL �l DATE' i.(..— �J FIRST AMENDMENT TO OPERATING AGREEMENT FOR PUBLIC PARKING GARAGES & SURFACE LOT STAFFING AND FIELD MANAGEMENT BETWEEN THE CITY OF SANTA ANA AND CENTRAL PARKING SYSTEM, INC. A- 2015 -046 THIS FIRST AMENDMENT TO OPERATING AGREEMENT (this "Amendment ") is made this 7"' day of April, 2015, by and between the City of Santa Ana, a charter city and municipal corporation of the State of California ( "City ") and Central Parking System, Inc. ( "Operator "). RECITALS: A. City and Operator are parties to a certain Operating Agreement dated May 1, 2013 (the "Agreement" #A -2013 -049), pursuant to which Operator operates and manages certain parking garages and lots in and for the City of Santa Ana (the "Premises "), as further described in the Agreement. B. The Agreement expires by its own terms on April 30, 2015. . C. City desires Operator to continue operating and managing the Premises beyond April 30, 2015, in accordance with the terms and conditions appearing in the Agreement and as further described below. D. The parties desire to amend the Agreement upon the terms and conditions herein set forth. NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, duly authorized and intending to be legally bound, agree as follows: 1. INCORPORATION OF RECITALS. The foregoing Recitals are true and correct and are incorporated into this Amendment. All capitalized terms used herein shall have the meanings ascribed to them in the Agreement unless such terms are expressly defined otherwise herein. 2. TERM OF AGREEMENT. Commencing May 1, 2015, the Agreement will continue on a month - to- nnonth basis until one party provides the other with a thirty (30) day written termination notice. 3. COMPENSATION AND REIMBURSEMENT OF OPERATING EXPENSES. Operator agrees to accept a Management Fee in the amount of Two "thousand Five Hundred Dollars ($2,500.00) per month for the services set forth in the Agreement. Section 4(a) of the Agreement shall be revised to remove the "not to exceed" language appearing in the second sentence. Operator shall be reimbursed for all Operating Expenses as set forth in the Agreement. Operator shall not make any purchases of equipment or supplies over Five Hundred Dollars ($500.00) without prior written approval of the Contract Administrator.