SECOND AMENDMENT TO LEASE AGREEMENT
THIS SECOND AMENDMENT TO LEASE AGREEMENT is made and
entered into this i st day of MaRcH , 2018 by and between the City of Merced, a California Charter Municipal Corporation, whose address of record is 678 West 18th Street, Merced, California 95340 (hereinafter referred to as "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"), and a First Amendment to Lease Agreement, wherein Tenant leases from Landlord the Premises, located 450 and 460 Grogan Avenue in Merced.
B. The parties desire to amend the Lease to extend the term of the lease and 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:
Section 2 of the Lease, is hereby amended to add the following language:
"The term of this Lease shall be extended for a period of five years from March 1, 2018 through and including February 28, 2023." Section 3 of the Lease, "Rent," is hereby amended to add the following language:
"The monthly rent for March 1, 2018 through February
29, 2020 shall be $6,205.00 per month.
The monthly rent for March 1, 2020 through February
28, 2021 shall be $6,361.00 per month.
The monthly rent for March 1, 2021 through February
28, 2022 shall be $6,522.00 per month.
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The monthly rent for March 1, 2022 through February
28, 2023 shall be $6,688.00 per month."
Except as herein amended, the Lease dated February 19, 2013, and the First Amendment to the Lease, shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to Lease Agreement to be fully executed on the date first herein written.
LESSOR:
CITY OF MERCED
A California Charter Municipal Corporation
BY:
City Manager
ATTEST:
STEVE CARRIGAN, CITY CLERK
BY:
Assistant/Deputy City Clerk
APPROVED AS TO FORM:
BY: 3.2718
City Attorney Date
213434 PO#: 130207
ACCOUNT DATA:
0. *
BY: Vess
Verified by Finance Officer FL 4117|18
6,205 X
runds Availalle: mus 416/18
4• =
001-1003-527-21-00$24,820 1:0:0.00x1
X: \Agreements\Police|2018\2nd Amendment to Lease Agreement -450-460 Grogan.docx 2 LANDLORD
THE KALJIAN FAMILY REVOCABLE
TRUST
By! Thoma Rode potente
Thomas E. Kaljian, Trustee
(Type Name)
Taxpayer .D. No. 94-6062567
Business License No.: BL 13-0154
ADDRESS: 645 Pacheco Boulevard
Los Banos, CA 93635
TELEPHONE: (209) 826-8864
FACSIMILE: (209) 826-1846-866-706-4383
E-MAIL:
[email protected]
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