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0 2nd AMENDMENT TO LEASE
THIS SECOND AMENDMENT IS MADE THIS 25th DAY OF June 2025 TO THAT CERTAIN LEASE AGREEMENT DATED AUGUST 4, 2020 (“LEASE”), BY AND BETWEEN Sakai Family Partnership, (“LESSOR”), AND City of San Mateo, Inc (“LESSEE”) FOR THOSE PREMISES LOCATED AT 171 N. Amphlett Blvd., San Mateo, CA 94401. Lessor and Lessee may collectively be referred to as “Parties.”
WHEREAS, on August 4 th 2020, Lessor leased to Lessee certain real property known as 171 N Amphlett Blvd, San Mateo, CA 94401 for a term of one year (Lease Term); and WHEREAS, the Lease contained an option to extend the Lease Term for up to three (3) additional twelve-month periods with an increase in the monthly rent of 3 percent per twelve-month period; and
WHEREAS, the Parties agreed to extend the Lease Term in 2021, 2022 and 2023; and WHEREAS, the Parties agreed to extend the lease for an additional one-year term in a First Amendment to Lease through Resolution No. 74 (2024) and hereto now desire to extend that term for an additional three (3) years. The Parties also desire to amend the rent schedule.
NOW, THEREFORE, the Parties agree as follows:
1. Term:
The term of the Lease shall be extended for a period of thirty-six (36) months. This Second Amendment to Lease shall be effective from September 1, 2025 and ending at midnight on August 31, 2028.
2. Rent Schedule:
September 1, 2025 – August 31, 2026, monthly rent shall be $5,627.54.
September 1, 2026 – August 31, 2027, monthly rent shall be $5,796.37.
September 1, 2027 – August 31, 2028, monthly rent shall be $5,970.26.
3. Landlord’s Work:
Within 45 days of the mutual execution of this Second Amendment to Lease, Lessor is to perform the following work at Lessor’s sole cost and expense:
1.Epoxy the warehouse flooring
2.Install one operable window in upstairs mezzanine space
3.Repair/replace ventilation fans in two restrooms
4.Provide access to water spigot in the exterior common area The Parties hereto confirm, ratify and agree that all other terms, provisions and conditions of the Lease except as heretofore noted, shall continue as heretofore rented and as if they were printed at large herein and they are hereby incorporated by reference.
Lessor: Sakai Family Partnership care of SC Properties
By: Date:
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0 Lessee: City of San Mateo, Inc
By: Date:
Alex Khojikian
City Manager
APPROVED AS TO FORM:
By: _____________________________________________ Date: ___________________ Mazarin Vakharia
Assistant City Attorney