AGENDA REPORT
Meeting Date: December 16, 2025
Item Number:
To: Board of Directors, The Parking Authority of the City of Beverly Hills From: Logan Phillippo, Real Property Development Manager Jonathan Gernes, Senior Management Analyst
Subject: APPROVAL OF SIXTH AMENDMENT OF LEASE BY AND BETWEEN
THE PARKING AUTHORITY OF THE CITY OF BEVERLY HILLS AND
ALL TRADE SOLUTIONS, INC. AT 327 NORTH CRESCENT DRIVE
Attachment: 1. Sixth Amendment of Lease
RECOMMENDATION
Staff recommends The Parking Authority Board of Directors approve the Sixth Amendment of Lease by and between The Parking Authority of the City of Beverly Hills and All Trade Solutions, Inc. (the “Tenant”) for the property located at 327 North Crescent Drive.
INTRODUCTION
The proposed amendment would extend the term of the lease by five years and increase the monthly rent beginning January 1, 2027.
DISCUSSION
The City entered into a lease agreement with All Trade Solutions, Inc. at 327 North Crescent Drive in February 1998. The Tenant operates Tutto Bene, a Mediterranean café and bakery.
The proposed Sixth Amendment of Lease provides the following key terms:
• Extension of the Term: The lease shall expire December 31, 2031; and • Base Rent: The monthly base rent shall be $6,926.94 beginning January 1, 2027.
Meeting Date: December 16, 2025
FISCAL IMPACT
The proposed lease amendment extends the term of the lease through December 31, 2031, and increases the rent payable from $6,725.18 to $6,926.94 per month beginning January 1, 2027. In total, $441,312.72 would be collected in base rent over the five-year extension.
There are no broker’s commissions associated with this lease amendment.
Ryan Gohlich,
Assistant City Manager
Approved By
Attachment 1
-1-
B0785-0001\3181952v1.doc
SIXTH AMENDMENT OF LEASE
THIS SIXTH AMENDMENT OF LEASE (this “Sixth Amendment”) is dated as of ____________________, 2025, and is entered into by and between THE PARKING AUTHORITY OF THE CITY OF BEVERLY HILLS (“Landlord”), and ALL TRADE SOLUTIONS, INC., a Wyoming corporation (dba “Tutto Bene”) (“Tenant”).
R E C I T A L S
A. 323 North Crescent Drive, Inc. (“Initial Tenant”) and the City of Beverly Hills (“City”) entered into that certain “City of Beverly Hills Lease – Site “A” North 333 North Crescent Drive” dated as of February 24, 1998, which was amended by a Memorandum of Lease and Amendment of Lease dated October 7, 2008 recorded on February 4, 2009 as Document No. 20090155193 in the Official Records of Los Angeles County, California and a Second Amendment of Lease date December 6, 2011 which was recorded on January 18, 2012 as Document No. 20120082360 in such Official Records, and a Third Amendment of Lease dated October 27, 2020, a Fourth Amendment of Lease dated January 11, 2024, and a Fifth Amendment of Lease dated October 10, 2024 (the “Lease”), for initial premises that were relocated to space (the “Premises”) in the parking structure on that certain land located in the City of Beverly Hills, County of Los Angeles, State of California, commonly known as 327 N. Crescent Drive, Beverly Hills, CA 90210 depicted on Exhibit “A” to the Lease.
B. The City has conveyed the Premises to Landlord, and Initial Tenant assigned the Lease to Tenant with the written consent of Landlord in a Consent to Assignment dated September 11, 2012.
C. Capitalized terms used but not defined herein shall have the meaning set forth in the Lease.
D. Tenant and Landlord desire to further amend the Lease as hereinafter set forth.
A G R E E M E N T
NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Tenant and Landlord agree as follows:
1. Extension of Lease Term. The term of the Lease is hereby extended to December 31, 2031. Tenant shall have no right to further extend the term of the Lease.
2. Rent. Commencing on January 1, 2027, monthly rent under the Lease shall be as follows:
Period Monthly Rent
January 1, 2027 - December 31, 2027 $6,926.94
January 1, 2028 - December 31, 2028 $7,134.75
January 1, 2029 - December 31, 2029 $7,348.79
Docusign Envelope ID: D509AA9F-6033-4129-8102-0560FA43FB7A -2-
B0785-0001\3181952v1.doc
January 1, 2030 - December 31, 2030 $7,569.25
January 1, 2031 - December 31, 2031 $7,796.33
3. Conflict. In the event of a conflict or inconsistency between the terms and conditions of the Lease and the terms and conditions of this Sixth Amendment, the terms and conditions of this Sixth Amendment shall prevail and control.
4. Continuing Effect. Except as specifically modified hereby, the Lease shall remain unaffected and unchanged. The Lease is hereby ratified and affirmed by Landlord and Tenant and remains in full force and effect as modified hereby.
5. Counterparts. This Sixth Amendment may be executed in any number of counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which, taken together, shall be deemed to be one and the same instrument.
6. Executive Director Authority. The Executive Director of Landlord shall have the authority to execute the Amendment to Memorandum of Lease contemplated by this Sixth Amendment.
7. Amendment of Recorded Memorandum of Lease. Upon its execution and delivery of this Sixth Amendment, Tenant shall concurrently execute and deliver a duly acknowledged counterpart of the Amendment to Memorandum of Lease in the form attached hereto as Exhibit “A”.
8. DocuSign. The parties may use DocuSign to execute and deliver this Sixth Amendment, but Tenant must deliver an executed original of the Amendment to Memorandum of Lease to Landlord, duly acknowledged, so that it can be executed and recorded by Landlord.
9. Default. A default by Tenant under this Sixth Amendment shall constitute a default by Tenant under the Lease.
IN WITNESS WHEREOF, the parties hereto have executed this Sixth Amendment as of the date first written above.
LANDLORD: THE PARKING AUTHORITY OF THE
CITY OF BEVERLY HILLS
By:
Sharona R. Nazarian, PsyD, Chairperson
ATTEST:
Huma Ahmed, Secretary
Docusign Envelope ID: D509AA9F-6033-4129-8102-0560FA43FB7A -3-
B0785-0001\3181952v1.doc
APPROVED AS TO FORM:
Laurence S. Wiener, General Counsel
APPROVED AS TO CONTENT:
Nancy Hunt-Coffey, Executive Director
TENANT: ALL TRADE SOLUTIONS, INC.,
a Wyoming corporation (dba “Tutto Bene”)
By:
Jutta Senger, President
Docusign Envelope ID: D509AA9F-6033-4129-8102-0560FA43FB7A A-1
B0785-0001\3181952v1.doc
EXHIBIT “A”
FORM OF AMENDMENT TO MEMORANDUM OF LEASE
(Attached.)
Docusign Envelope ID: D509AA9F-6033-4129-8102-0560FA43FB7A A-2
B0785-0001\3181952v1.doc
RECORDING REQUESTED BY, AND
WHEN RECORDED MAIL TO:
The Parking Authority of the
City of Beverly Hills
Office of the City Manager
455 North Rexford Drive
Beverly Hills, California 90210
Attn: Secretary
(Space Above Line For Recorder’s Use)
Exempt from Recording Fees under California Government Code 27383.
AMENDMENT TO MEMORANDUM OF LEASE
THIS AMENDMENT TO MEMORANDUM OF LEASE (this “Amendment”) is dated as of ____________________ , 2025, and is entered into by and between THE PARKING AUTHORITY OF THE CITY OF BEVERLY HILLS (“Landlord”), and ALL TRADE SOLUTIONS, INC., a Wyoming corporation (dba “Tutto Bene”) (“Tenant”).
R E C I T A L S
A. 323 North Crescent Drive, Inc. (“Initial Tenant”) and the City of Beverly Hills (“City”) entered into that certain “City of Beverly Hills Lease – Site “A” North 333 North Crescent Drive” dated as of February 24, 1998, which was amended by a Memorandum of Lease and Amendment of Lease dated October 7, 2008 recorded on February 4, 2009 as Document No. 20090155193 in the Official Records of Los Angeles County, California and a Second Amendment of Lease date December 6, 2011 which was recorded on January 18, 2012 as Document No. 20120082360 in such Official Records, and a Third Amendment of Lease dated October 27, 2020, a Fourth Amendment of Lease dated January 11, 2024, and a Fifth Amendment of Lease dated October 10, 2024 (the “Lease”), for premises in the City of Beverly Hills, County of Los Angeles, State of California, commonly known as 327 N. Crescent Drive, Beverly Hills, CA 90210.
B. The City has conveyed the Premises to Landlord, and Initial Tenant assigned the Lease to Tenant with the written consent of Landlord in a Consent to Assignment dated September 11, 2012.
C. Landlord and Tenant have entered into a Sixth Amendment of Lease (“Sixth Lease Amendment”) and consequently, Landlord and Tenant desire to further amend the Memorandum of Lease.
A G R E E M E N T
NOW, THEREFORE, Landlord and Tenant hereby amend the Memorandum to reflect that the Lease has been amended as set forth in the Sixth Lease Amendment, the terms of which are incorporated herein.
Docusign Envelope ID: D509AA9F-6033-4129-8102-0560FA43FB7A A-3
B0785-0001\3181952v1.doc
IN WITNESS WHEREOF, Landlord and Tenant have executed this Amendment.
LANDLORD: THE PARKING AUTHORITY OF THE
CITY OF BEVERLY HILLS
By: __________________________________
Nancy Hunt-Coffey, Executive Director
TENANT: ALL TRADE SOLUTIONS, INC.,
a Wyoming corporation (dba “Tutto Bene”)
By: ________________________________
Jutta Senger, President
Docusign Envelope ID: D509AA9F-6033-4129-8102-0560FA43FB7A A-4
B0785-0001\3181952v1.doc
State of California )
County of Los Angeles )
On _________________________, before me, ,
(insert name and title of the officer)
Notary Public, personally appeared ,
who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature (Seal)
A notary public or other officer
completing this certificate verifies only
the identity of the individual who signed
the document to which this certificate is
attached, and not the truthfulness,
accuracy, or validity of that document.
Docusign Envelope ID: D509AA9F-6033-4129-8102-0560FA43FB7A A-5
B0785-0001\3181952v1.doc
State of California )
County of Los Angeles )
On _________________________, before me, ,
(insert name and title of the officer)
Notary Public, personally appeared ,
who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature (Seal)
A notary public or other officer
completing this certificate verifies only
the identity of the individual who signed
the document to which this certificate is
attached, and not the truthfulness,
accuracy, or validity of that document.
Docusign Envelope ID: D509AA9F-6033-4129-8102-0560FA43FB7A Certificate Of Completion
Envelope Id: D509AA9F-6033-4129-8102-0560FA43FB7A Status: Sent Subject: Complete with Docusign: Sixth Amendment of Lease - All Trade Solutions, Inc..pdf Source Envelope:
Document Pages: 8 Signatures: 2 Envelope Originator:
Certificate Pages: 2 Initials: 0 Jonathan Gernes
AutoNav: Enabled
EnvelopeId Stamping: Enabled
Time Zone: (UTC-08:00) Pacific Time (US & Canada)
455 N. Rexford Drive
Beverly Hills, CA 90210
[email protected]
IP Address: 198.245.189.166
Record Tracking
Status: Original
12/3/2025 2:10:26 PM
Holder: Jonathan Gernes
[email protected]
Location: DocuSign
Signer Events Signature Timestamp
Bruce Galloway for
[email protected]
Security Level: Email, Account Authentication
(None)
Signature Adoption: Pre-selected Style
Using IP Address: 208.87.235.180
Sent: 12/8/2025 3:10:21 PM
Viewed: 12/8/2025 3:25:07 PM
Signed: 12/8/2025 3:25:14 PM
Electronic Record and Signature Disclosure:
Not Offered via Docusign
JUTTA SENGER
[email protected]
Owner
Security Level: Email, Account Authentication
(None) Signature Adoption: Pre-selected Style
Using IP Address: 107.213.229.241
Sent: 12/3/2025 2:26:00 PM
Resent: 12/8/2025 3:10:20 PM
Resent: 12/9/2025 8:59:18 AM
Viewed: 12/9/2025 9:39:19 AM
Signed: 12/9/2025 9:39:51 AM
Electronic Record and Signature Disclosure:
Not Offered via Docusign
Logan Phillippo
[email protected]
Security Level: Email, Account Authentication
(None)
Sent: 12/9/2025 9:39:52 AM
Viewed: 12/9/2025 10:29:04 AM
Electronic Record and Signature Disclosure:
Not Offered via Docusign
Nancy Hunt-Coffey
[email protected]
Security Level: Email, Account Authentication
(None)
Electronic Record and Signature Disclosure:
Not Offered via Docusign
Sharona R. Nazarian, PsyD
[email protected]
Security Level: Email, Account Authentication
(None)
Electronic Record and Signature Disclosure:
Not Offered via Docusign
Signer Events Signature Timestamp
Huma Ahmed
[email protected]
Security Level: Email, Account Authentication
(None)
Electronic Record and Signature Disclosure:
Not Offered via Docusign
In Person Signer Events Signature Timestamp
Editor Delivery Events Status Timestamp
Agent Delivery Events Status Timestamp
Intermediary Delivery Events Status Timestamp
Certified Delivery Events Status Timestamp
Carbon Copy Events Status Timestamp
Denise Garcia
[email protected]
Security Level: Email, Account Authentication
(None)
Electronic Record and Signature Disclosure:
Not Offered via Docusign
Keith Sterling
[email protected]
Security Level: Email, Account Authentication
(None)
Electronic Record and Signature Disclosure:
Not Offered via Docusign
Megan Grilley
[email protected]
Security Level: Email, Account Authentication
(None)
Electronic Record and Signature Disclosure:
Not Offered via Docusign
Witness Events Signature Timestamp
Notary Events Signature Timestamp
Envelope Summary Events Status Timestamps
Envelope Sent Hashed/Encrypted 12/3/2025 2:26:01 PM
Envelope Updated Security Checked 12/8/2025 3:10:20 PM
Envelope Updated Security Checked 12/8/2025 3:10:20 PM
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Envelope Updated Security Checked 12/8/2025 3:10:20 PM
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Envelope Updated Security Checked 12/8/2025 3:10:20 PM
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