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1 RiversideCA.gov
1 RiversideCA.gov
FIRST AMENDMENT TO LEASE
AGREEMENT – DAVID L. HORTON ESQ.
AND ASSOCIATES - MISSION SQUARE
BUILDING, SUITE 560
City Council
October 18, 2022
Public Utilities Department
RiversideCA.gov
2 1. On October 1, 2019, the City Council approved a
Lease Agreement with David L. Horton Esq. and
Associates for 1,561 square feet of rentable space in
the Mission Square Building.
2. David L. Horton has requested to exercise the option to extend the Lease Agreement for a three-year
term.
BACKGROUND
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3 1. Term: October 1, 2022 th rough September 30, 2025
2. Premises: Approximately 1,521 rentable square feet of space located at 3750 University Avenue, Suite 560
3. Base Rent Schedule (Modified Gross Lease):
PROPOSED 3-YEAR LEASE TERMS
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4 4. Tenant Improvements: None. Tenant is leasing the space in “as is” condition.
5. Options to Renew: None. Tenant is exercising the last option to extend which will expire September 30, 2025.
6. Broker: Pursuant to the existing Exclusive Authorization to Lease Agreement with NKF, City to pay NKF a leasing
commission equal to 2.5% of the lease consideration in the amount of $4,083.66.
PROPOSED 3-YEAR LEASE TERMS CONT.
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5 Strategic Priority 3 – Economic Opportunity
Goal 3.3 – Cultivate a business climate that welcomes innovation, entrepreneurship, and investment.
Cross-Cutting Threads
STRATEGIC PLAN ALIGNMENT
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6 That the City Council:
1. Approve 1 st Amendment to the Lease Agreement with
David L. Horton Esq. and Associates for a three-year term from October 1, 2022 through September 30, 2025; and
2. Authorize the City Manager, or designee, to execute the Lease Agreement, including making minor, non-
substantive changes, and to sign all documents and
instruments necessary to complete the transaction.
RECOMMENDATIONS
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