THIRD AMENDMENT TO LEASE AGREEMENT
JOHN MUIR CHARTER SCHOOLS
THIS THIRD AMENDMENT TO LEASE AGREEMENT ("Third Amendment") is intered into this 0 day of H - 2024, by and between the CITY OF RIVERSIDE, a California charter citant
' and municipal corporation ("City") and JOHN MUIR
CHARTER SCHOOLS, a California non-profit corporation ("Lessee"), sometimes hereinafter collectively referred to as the Parties.
RECITALS
WHEREAS, on July 1, 2021, the City and Lessee entered into a Lease Agreement ("Lease") for the property located at 7801 Gramercy Place, Suite B, Riverside, California 92503, also known as Eric M. Solander Center ("Property"); and WHEREAS, paragraph 2 of the Lease provides the Parties the option to extend the Lease for a total of four (4) additional periods of one (1) year each; and WHEREAS, on June 7, 2022, the City and Lessee entered into a First Amendment to Lease Agreement ("First Amendment") to extend the term of the Agreement, exercising the first available option, with an expiration date of June 30, 2023; and WHEREAS, on July 3, 2023, the City and Lessee entered into a Second Amendment to Lease Agreement ("Second Amendment") to extend the term of the Agreement, exercising the second available option, with an expiration date of June 30, 2024, and add additional compensation; and
WHEREAS, the Lease is set to expire on June 30, 2024; and WHEREAS, the Parties now desire to amend the Lease to extend the term of the Lease to June 30, 2025, using the third extension option. The Parties further desire to set compensation pursuant to paragraph 4 of the Lease in the amount of One Thousand Three Hundred Thirty- Seven Dollars and Sixty-Four Cents ($1,337.64) per month, for a total of Sixteen Thousand Fifty-One Dollars and Sixty-Eight Cents ($16,051.68), for the third extended term of the Lease.
NOW, THEREFORE, for good and valuable consideration the receipt and adequacy of which is hereby acknowledged, the Parties agree as follows:
1. Paragraph 2 of the Lease is hereby amended by the following:
TERM: The initial term of this Lease shall be for one (1) year commencing July 1, 2021 ("Effective Date") and shall terminate on June 30, 2022. The second extended term of this Lease shall be for one (1) year, commencing July 1, 2023, and shall expire on June 30, 2024 ("Second Extended Term"). The third extended term of this Lease shall be for one (1) year, commencing July 1, 2024, and shall expire on June 30, 2025 ("Third Extended Term"), unless this Lease is earlier terminated pursuant to the termination provisions contained herein. This Lease may be extended, upon mutual written consent of City and Lessee, for one (1) additional period of one (1) year. If Lessee desires to extend this Lease, Lessee shall provide written notice to City at least six (6) months prior to the Third Extended Term termination date."
2. All other terms and conditions of the Lease, which are not inconsistent with the terms of this Third Amendment, shall remain in full force and effect as if fully set forth herein.
ISIGNATURES ON FOLLOWING PAGE.]
IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment to be duly executed on the day and year first above written.
CITY OF RIVERSIDE, JOHN MUIR CHARTER SCHOOLS,
a California charter city and municipal a California non-profit corporation corporation
By:
City Manager Print Name:_ STANTON MILLER
Title: Board Chair
(Signature of Board Chair, President, or
Vice President)
ATTESTED TO:
and
By:
City Clerk
By: Saie.
Print Name: Sallie L. Wilson
Title: Severane
APPROVED AS TO FORM: Signature of Secretary, Assistan
Secretary, CFO, Treasurer, or Assistant
Treasurer)
By:_ A.T~
Deputy City Attorney
21-0361.3 TAT 2/12/24