FIRST AMENDMENT TO THE EXTENDED AND RESTATED SERVICE FACILITY
LEASE AGREEMENT
BETWEEN
CITY OF FRESNO
AND
THE HERTZ CORPORATION
A Delaware Corporation
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THIS FIRST AMENDMENT TO THE EXTENDED AND RESTATED SERVICE FACILITY LEASE AGREEMENT (Amendment) is dated as of March 19, 2026, amends the Extended and Restated Service Facility Lease Agreement (Agreement) entered into by and between the City of Fresno (City), and The Hertz Corporation (Company).
RECITALS
WHEREAS, City owns and operates the Fresno Yosemite International Airport (Airport) located in the City of Fresno, County of Fresno, State of California; and
WHEREAS, City and Company entered into an Agreement dated June 22, 2007, which granted Company with access to the Airport’s Consolidated Rental Car Facility (CRCF) to provide maintenance and service to Company’s fleet used to provide rental car services to passengers arriving at and departing from the Airport; and
WHEREAS, Company bid for and was awarded an On-Airport Non-Exclusive Rental Car Concession Agreement (Concession Agreement ) resulting from Request for Proposals number 12501615; and
WHEREAS, the Agreement expires on January 1, 2029 and the Concession Agreement effective dated March 19, 2026, expires April 30, 2031; and
WHEREAS, City and Company wish to amend the Agreement to make it coterminous with the Concession Agreement and continue rental car services at Airport; and
AGREEMENT
NOW, THEREFORE, the parties agree to amend the Permit and Agreement as follows:
1. Article II, “Term”, is rewritten to read as follows:
Means the term of this Lease, i.e., from the DBO to April 30, 2031. Should City exercise its option to renew the Concess ion Agreement for an additional five (5) year period, this Agreement shall re main in force through April 30, 2036.
2. Article II, “Termination Date”, is rewritten as follows:
Means April 30, 2031, the date this Lease expires. Should City exercise its option to renew the Concession Agreement for an additional five (5) year period, this Agreement shall remain in force through April 30, 2036.
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3. Article II, “Consumer Price Index fo r All Urban Consumers or CPI-U Index” is replaced with “Consumer Price Index for All Urban Wage Earners and Clerical Workers or CPI-W Index” and reads as follows:
Means the Consumer Price Index for [all items in U.S. city average, urban wage earners and clerical workers, not seasonally adjusted, Base Year 2024] index or the successor of that index calculated on a calendar year basis and as published by the Bureau of Labor Statistics, U.S. Department of Labor.
4. Article VI, “Rents, Fees and Charges”, Section 603(C), is rewritten as follows:
The Service Facility Rent and Common Area Rent will be adjusted on the first annual anniversary of the Date of Beneficial Occupancy and each year thereafter, based on the annual percentage change in the CPU-W Index. However, in no event will the annual adjustment result in Rent being less than the amount charged during the prior contract year or more than five percent (5%) above the amount charged during the prior contract year.
5. Except as expressly provided in this Amendment, all other terms and provisions of the Agreement shall continue in full force and effect.
[Signatures on the following page]
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IN WITNESS WHEREOF, the Parties have executed this Amendment to the Agreement as of the day and year first above written.
CITY OF FRESNO,
A California municipal corporation
By:
Georgeanne A. White
City Manager
APPROVED AS TO FORM:
Andrew Janz
City Attorney
By:
Brandon M. Collet Date
Chief Assistant City Attorney
ATTEST:
Amy K. Aller
Interim City Clerk
By:
Deputy Date
Address for Notice:
City of Fresno
Airports Department
4995 E. Clinton Way
Fresno, CA 93727
The Hertz Corporation
A Delaware Corporation
By:
Name:
Title:
(if corporation or LLC, Board Chair,
President, or Vice President)
By:
Name:
Title:
(if corporation or LLC, CFO, Treasurer
Secretary, or Assistant Secretary)
Address for Notice:
The Hertz Corporation
8501 Williams Drive
Estero, FL 33928