HomeMy WebLinkAboutFIRST AMERICAN TRUST COMPANY (S.T.C. CORP.)A-2003-217
UL')"01 Jr SIXTH AMENDMENT TO LEASE
THIS SIXTH AMENDMENT is and is intended to be part of that lease entered into on the 20"'
day of April, 1987, by and between S.T.C. Corporation, a general partnership, and the CITY OF
SANTA ANA, a Municipal Corporation, Lessee.
RECITALS:
It is understood that on February 5,1992 this property transferred owners by Grant Deed #92-
69oo from C & T Properties, a partnership, to WILLIS J. CLEMONS AND CLAYTON B.
TILLOTSON, each an undivided
one-half interest as Tenants in Common. And on February 5,1992 by Grant Deed #92-o69o98,
WILLISJ. CLEMONS, an undivided one-half interest as Tenant in Common transferred the
property to FIRST AMERICAN TRUST COMPANY, Trustee of the Clemons Family Trust dated
June 30, 1988. On May 16,1997 the interest of Clayton B. Tillotson transferred to Dorothy E.
Tillotson as surviving spouse, and on August 21,1997, Dorothy E. Tillotson transferred the
property to Dorothy E. Tillotson and William C. Tillotson, Trustees of the Dorothy E. Tillotson
and William C. Tillotson, Trustees of the Dorothy E. Tillotson 1997 Inter Vivos Trust.
The parties hereto agree:
1. Lease Extention:
The lease shall be extended for a period of two (2) years.
Said period beginning May 1, 2003.
2. ExiDiration Date:
The expiration of the lease shall be April 30, 2005.
3. Base Rent:
From May 1, 2003, through April 30, 2004 the base rent will be $3329.96 monthly.
(Current Base $3236.11 + $93.85 CPT Adjustment (April 2003) = $3329.96)
4. Rental Increases
Changes in the base rent payable pursuant to paragraph 3 above shall be made on each
anniversary date of the agreement, beginning in 2004. The rent shall be modified to reflect
the change in the CPT using the April Los Angeles -Riverside -Orange County — All Urban
Consumers index (1967=1oo). The increase amount will have a 7% cap with no floor.
5. Taxes:
Lessor shall be responsible for the payment of the property taxes.
6. Insurance:
Lessor shall be responsible for the payment of liability and property insurance.
7. Utilities:
Lessor shall be responsible for the payment of all utilities.
8. 0Dfloii To Extend Lease Term:
If Lessee has fully and faithfully kept and performed all terms, covenants and conditions of
the lease, Lessee shall have an option to extend the lease period for (1) year. Lessee shall
provide Lessor with written notification of their decision to exercise the option to extend the
lease period one hundred twenty (12o) days prior to the termination of the lease term.
9. Terms and Conditions:
All other terms and conditions contained in the original Lease dated April i.j987 shall
remain the same
lo. Lessee understands and agrees that Lessor is executing this agreement in its fiduciary
capacity as Trustee, and not in it's individual or corporate capacity.
"LESSEE"
Date: —
APPROVE D AS TO FORM:
Deputy City Ate rney
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Terri Harner
W,I
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Frust
Dorothy e4i' inotson
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Mfflliam--f-'�.T-illotson, Trustee of the
Dorothy E. Tillotson 1997, Inter Vivos
Trust
W W*Jiam--G. -Tillotson
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