"Exhibit 2"
Docusign Envelope ID: 2B75647D-117E-483B-8B89-0106D516EDFD CONTRACT NO. 104036
AMENDMENT NO. 3 TO LEASE
BETWEEN
NEIGHBORHOOD LEGAL SERVICES OF LOS ANGELES COUNTY, LANDLORD AND
CITY OF GLENDALE, TENANT
Library Connection @ Adams Square
1100 Chevy Chase Drive, Glendale, CA 91205
corporation (collectively, "Parties" or individually, "Party").
RECITALS
1. On March 31, 2006, Landlord and Tenant entered into the Lease for Tenant's rental of 2,190 square feet of space on the ground floor of Landlord's building, located at 1100 Chevy Chase Drive, Glendale, CA 91205. The Lease provided for one 5-year Extension Term that expired on March 31, 2016.
2. On March 31, 2016, Landlord and Tenant entered into Amendment No. 1, which:
A. Extended the Lease an additional time, for a 5-year period— beginning April 1, 2016, and ending March 31, 2021— on the same terms and conditions of the Lease; and B. Amended the Lease to reflect the additional 5-year term.
3. On March 31, 2021, Landlord and Tenant entered into Amendment No. 2, which:
A. Extended the Lease an additional time, for a 3-year period— beginning April 1, 2021, and ending March 31, 2024;
B. Allowed Tenant to have an option, exercisable by Tenant, to renew the Lease (before the 3-year period's expiration) for an additional 2-year period— beginning April 1, 2024, and ending March 31, 2026; and
C. Reduced by 50% the Lease's Annual Rental Rate for a 9-month period only— beginning April 1, 2021 and ending December 31, 2021— and reinstated the full Annual Rental Rate, in an amount proportional to the 3-month remainder, beginning January 1, 2022 and ending March 31, 2022
4. The Lease is set to expire on March 31, 2024. Landlord and Tenant desire to:
A. Extend the Lease's Term, an additional time, for a 2-year period-- beginning April 1, 2024, and ending March 31, 2026;
5. Therefore, the Parties desire to amend the Lease to reflect the above changes.
AGREEMENT
In consideration of their mutual promises, and for valuable consideration, the Parties agree as follows SCHEDULE OF TERMS is amended as follows:
Term (N) is deleted in its entirety and replaced with the following term. 1 Docusign Envelope ID: 2B75647D-117E-483B-8B89-0106D516EDFD (N) ANNUAL RENTAL RATE: During the first lease year, the annual rental rate shall be in the amount of $45,990. Each lease year thereafter during the term of this lease, including the Extension Term, the annual rental rate shall be adjusted by 2.5% from the previous lease year. However, during the Extension Term for the period of April 1, 2021 to March 31, 2022, the annual rental rate shall be adjusted as follows: (i) From April 1, 2021 to December 31, 2021, the annual rental rate shall be $24,977.56, which is a fifty percent (50%) reduction of $66,606.84, the amount of the annual rental rate that would have been in effect from April 1, 2021 to March 31, 2022; and (ii) From January 1, 2022 to March 31, 2022, the annual rental rate shall be $16,651.71, which excludes the 50% reduction and is proportional to 3 months of $66,606.84, the full Annual Rental Rate. For the period of April 1, 2024 to March 31, 2025, the annual rental rate shall be $71,728.25. For the period of April 1, 2025 to March 31, 2026, the annual rental rate shall be $73,521.46. Payment of Rent shall be in accordance with Section 5 of Il. [6) TENANT'S OPTION TO EXTEND. is amended as follows:
Paragraph (c) is added to the Lease:
(c) Tenant exercises its right to extend the term of this Lease, and this Lease's Term is extended for an additional period of two (2) years (the "Extension Term"), commencing on April 1, 2024 and ending on March 31, 2026.
III. Severability. The invalidity, in whole or in part, of any term of this Amendment No. 3 will not affect this Amendment No. 3's remaining terms.
IV. Lease Remains in Effect. Except as provided above, all other provisions, terms, and conditions of the Lease remain unchanged and continue in full force and effect.
V. Counterparts. This Amendment No. 3 may be executed in counterparts, each of which is an original, but all of which constitutes one and the same document. The Parties shall sign a sufficient number of counterparts, so that each Party will receive a fully executed original of this Amendment No. 3.
VI. Digital Signatures. The Parties deem a copy of this Amendment No. 3 that bears a digital signature as having the same legal effect, for all purposes, as delivery of a signed original of this Amendment No. 3, and each digital signature will have the same legal force and effect as a handwritten signature.
VIl. Representations - Authority. The Parties represent that:
A. They have read this Amendment No. 3, fully understand its contents, and have received a copy of it; B. Through their duly authorized representative, they are authorized to sign this Amendment No. 3, and they are bound by its terms; and
C. They have executed this Amendment No. 3 on the date opposite their signature.
Executed at Glendale, California.
LANDLORD:
NEIGHBORHOOD LEGAL SERVICES OF LOS ANGELES COUNTY,
a California nonprofit corporation
Date August 12, 2024 UNNE MARAJIMENEZ
Yvonne Mariajimenez
Executive Director
TENANT:
CITY OF GLENDALE.
a California charter city and municipal corporation
2 Docusign Envelope ID: 2B75647D-117E-483B-8B89-0106D516EDFD Date: August 20, 2024 John Takhtalian UPL
John Takhtalian
Assistant City Manager
APPROVED AS TO FORM
NAME: sylvia Quach
TITLE: Assistant City Attorney
SIGNATURE: Sylvia Quach
DATE: August 13, 2024