SECOND AMENDMENT TO LEASE AGREEMENT
Nati Fuentes Centro de Niños Childcare Center
(Bordwell Park - 2010 Martin Luther King Jr. Blvd.)
This Second Amendment to Lease Agreement ("Second Amendment"), is made and entered into this day of 2022, by and between the CITY OF RIVERSIDE, a California charter city and municipal corporation ("City" or "Lessor"), and CONCILIO CHILD DEVELOPMENT CENTERS, a California corporation ("Lessee"), with respect to the following facts:
RECITALS
A. WHEREAS, on November 1, 2016, City and Lessee entered into that certain Lease Agreement ("Lease") for use of the Premises known as the Nati Fuentes Centro de Niños Childcare Center for the purpose of providing a day care facility for families throughout the City; and
B. WHEREAS, on July 1, 2021, City and Lessee entered into that certain First Amendment to Lease Agreement ("First Amendment") to extend the term of the Lease and increase compensation during the extended term; and
C. WHEREAS, the Lease is set to expire June 30, 2022; and D. WHEREAS, Paragraph 5 of the Lease states that the Lessee shall have the option to extend the term of the Lease for five (5) separate and consecutive (1) year periods; and E WHEREAS, City and Lessee desire to extend the term of the Lease for the additional one-year period beginning July 1, 2022, and ending June 30, 2023; and F. WHEREAS, Paragraph 6 of the Lease states that effective with the first option to extend the Lease term, the rent shall be increased with that option and annually thereafter by
2.5%.
NOW, THEREFORE, in consideration of the foregoing recitals, which are incorporated herein by this reference, City and Lessee agree as follows:
Per Paragraph 5 of the Lease, Lessee hereby exercises its option to extend the term of the Lease for the one-year period beginning July 1, 2022, and ending June 30, 2023 ("Extended Term").
2. Per Paragraph 6 of the Lease, City and Lessee hereby agree that Lessee shall pay City the following monthly rent for the leased Premises payable in advance on the first day of the month: One Thousand Five Hundred Seventy-Five Dollars and Ninety-Four Cents ($1,575.94). 1 3. All terms and conditions of the Lease not inconsistent with this Second Amendment shall remain in full force and effect and are incorporated herein by this reference as if set forth in full.
IN WITNESS WHEREOF, the City and Lessee have caused this Second Amendment to be duly executed on the day and year first above written.
CITY OF RIVERSIDE, a California CONCILIO CHILD DEVELOPMENT charter city and municipal corporation CENTERS, a California corporation By: inters on
City Manager
LOUiSE AnnE BORDA
Printed Name
Attest: Board President
City Clerk Title
APPROVED AS TO FORM:
7000 Pamelabaluren
By:_ By:
Senior Deputy City Attorney
Pamela Robinson
Printed Name
Executive Director
Title
16-1134.2 RBK 02/08/22
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