FIRST AMENDMENT TO LEASE AGREEMENT
THIS FIRST AMENDMENT TO LEASE AGREEMENT is made and
"Tenant"), and THOMAS E. KALJIAN, Trustee of the KALJIAN FAMILY REVOCABLE TRUST (hereinafter referred to as "Landlord").
RECITALS
A. Tenant and Landlord have previously entered into a Lease Agreement dated February 19, 2013 (the "Lease"), wherein Tenant leases from Landlord the Premises, located 450 and 460 Grogan Avenue in Merced.
B. The parties desire to amend the Lease to increase the rent.
NOW, THEREFORE, the parties hereto, in consideration of the mutual covenants, promises, and agreements herein contained, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged and agreed, do hereby agree as follows:
1. Section 3 of the Lease, "Rent," is hereby amended in its entirety to read as follows:
RENT. After review of the market rates pursuant
to Section 4 of the Lease, Landlord and Tenant have
agreed to the adjust the monthly lease rate that Tenant shall pay Landlord as follows:
Months 1-12 $ 3,750 per month
Months 13-24 $ 3,750 per month
Months 25-36 $ 3,875 per month
Months 37-60 $ 4,580 per month
Rental payments are due in advance on the first day of
the month. Rent payments shall be made payable to
"C.T. Kaljian Ranches."
X: Agreements/Police|201511st Amendment to Lease Agreement -450-460 Grogan.docx 1 2. Except as herein amended, the Lease dated February 19, 2013, shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to Lease Agreement to be fully executed on the date first herein written.
LESSOR:
CITY OF MERCED
A California Charter Municipal Corporation
By: SuM. Dramale
City Manager
ATTEST:
JOHN M. BRAMBLE, CITY CLERK
in h
BY:
Assistant/Deputy City Clerk CiTY of MERCED
CALIFORNIA
APPROVED AS TO FORM:
RANDOLPH S. HOM, CITY ATTORNEY
By: Kell C. Finer
City Attorney Date
213434 D0 119441
ACCOUNT DATA:
pudley fut
BY:
Verified by Finance Officer
Funds Available. Mr 9/8/15
001-1003-522-2100
$51,925.00
X: Agreements|Police 2015\1st Amendment to Lease Agreement -450-460 Grogan.docx 2 LANDLORD
THE KALJIAN FAMILY REVOCABLE
TRUST
BY:
Signature
Thomas E. Kaljian, Trustee
(Type Name)
Taxpayer I.D. No.
Business License No.:
ADDRESS:_645 Pacheco Boulevard
Los Banos, CA 93635
TELEPHONE: (209) 826-8864
FACSIMILE:(209) 826-1846
E-MAIL:
[email protected]
X: Agreements\Police\2015\1st Amendment to Lease Agreement -450-460 Grogan. docx 3