THIRD AMENDMENT TO RIVERSIDE MUNICIPAL AIRPORT LEASE
AGREEMENT
Terminal Building - Café Lease
LEIMAMO TAYLOR (FORMERLY KNOWN AS LEIMAMO BISHAW) doing business as RIVERSIDE AIRPORT CAFE
THIS THIRD AMENDMENT TO RIVERSIDE MUNICIPAL AIRPORT LEASE AGREEMENT ("Third Amendment") is made and entered into this day of ("Effective Date", by and between the CITY OF RIVERSIDE ("City" and "Lessor"), a California charter city and municipal corporation and LEIMAMO TAYLOR (FORMERLY KNOWN AS LEIMAMO BISHAW), a sole proprietor, doing business as RIVERSIDE AIRPORT CAFÉ ("Lessee"), with reference to the following facts:
RECITALS
WHEREAS, the City and Lessee entered into that certain Riverside Municipal Airport Lease Agreement dated July 1, 2021, (the "Lease" or the "Lease Agreement"), wherein the City leased to Lessee certain leased space of approximately 2,500 square feet of space located on the westerly end of the first floor of the Terminal Building of the Riverside Municipal Airport, located at 6951 Flight Rd Suite 110 of the Terminal Building, Riverside Municipal Airport, Riverside, California 92504, and the adjacent patio area, consisting of approximately 720 square feet located along the northerly outer wall of said Terminal Building, solely for use as a restaurant ("Premises"), for a ten (10) year term, expiring on December 31, 2031; and WHEREAS, the City and Lessee entered into that certain First Amendment to Riverside Municipal Airport Lease Agreement - Terminal Building - Café Lease dated February 16, 2022, (the "First Amendment"), to amend the Lease to correct the square foot of the originally leased space, to increase the square footage of the Premises by 1,300 additional square feet, consisting of two additional patio areas, of 1,260 square feet and 40 square feet, to increase the rent by $250.00 per month, and to reflect the change in name of Leimamo Bishaw to Leimamo Taylor; and
WHEREAS, the City and Lessee entered into that certain Second Amendment to Riverside Municipal Airport Lease Agreement - Terminal Building - Café Lease dated May 4, 2023, (the "Second Amendment"), to amend the Lease to clarify section 9(d) Percentage Monthly Rental; and
WHEREAS, the City and Lessee desire to amend and modify the terms of the Lease Agreement with Exhibit "D", City Council Counter Proposal.
NOW THEREFORE, in consideration of the foregoing recitals which are incorporated herein by reference, Lessor and Lessee agree as follows:
The Lease Agreement is hereby amended to include Exhibit "D". City Council Counter Proposal, attached hereto and incorporated herein by this reference.
Paragraph 52, entitled "Exhibits" of the Lease is hereby amended to include Exhibit "D", City Council Counter Proposal.
1 3. All terms and conditions of the Lease Agreement not inconsistent with this Third Amendment shall remain in full force and effect and are incorporated herein by this reference as set forth in full.
•
[SIGNATURES ON FOLLOWING PAGE.]
2 IN WITNESS WHEREOF, the City and Lessee hereto have caused this Third Amendment to Lease Agreement to be executed the date and year first written above.
CITY OF RIVERSIDE, a California charter LEIMAMO TAYLOR (formerly known as city and municipal corporation LEIMAMO BISHAW), a sole proprietor, doing business as RIVERSIDE AIRPORT
CAFE
By:
Daniel Prather By:
Airport Manager elmamo Taylor
Owner
Attest:_
Donesia Gause
City Clerk
Certified as to Availability of Funds:
Kish
By:_
Asst. Chief Financial Officer
APPROVED AS TO FORM:
can Murph
Sean B. Murphy
Deputy City Attorney
CA: 21-0016 3 SBM/jv 05/09/25
\Rc-citylaw(cycom WPDOCS D009 P045 00941458.docx
3 EXHIBIT "D"
CITY COUNCIL COUNTER PROPOSAL
City Council Counter Proposal
Riverside Airport Café
Credit
• Provide $98,000 TI credit, reducing past due amount of $273,791.72 to $175,791.72.
Payment Plan
• Extend current payment plan term from two (2) to five (5) years. With TI credit, reduces monthly payment plan amount of $7,161.82 to $2,929.86.
Revised Rate
• Allow Café to vacate Suite D for a savings of $1,040/mo = $4,061.99/mo (new rate) • Cap of $6,000 monthly, in lieu of percentage revenue share of 6.75%, which is equivalent to an effective 2.62% revenue share based on Dec 2024 revenues. • This proposed plan results in a fixed total monthly payment of $12,988.85. • (Payment Plan) $2,926.86+
• (Office/cafe space lease) $4,061.99+
• (Cap) $6,000
• Once payment plan is satisfied, fixed monthly rate will decrease to $10,061.99. • (Office/café space lease) $4,061.99 +
• (Cap) $6,000
Agree to terms
Sos. 4/24|25
Leimamo Taylor Date