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RIO VISTA WEST, LLC (2)
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RIO VISTA WEST, LLC (2)
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Last modified
10/29/2024 10:46:16 AM
Creation date
10/29/2024 9:50:11 AM
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Contracts
Company Name
RIO VISTA WEST, LLC
Contract #
A-2024-176
Agency
Human Resources
Council Approval Date
10/15/2024
Expiration Date
10/31/2025
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EXHIBIT "1-1" <br />Santa Ana Police <br />Addendum to Lease dated April 15, 2021 between Rio Vista West, LLC, a California Limited Liability <br />Company ("Lessor') and the Santa Ana PollooDepartment, a division of the CityofSanta Ana, a municipal <br />corporation ("Lessee") <br />Section 49. Ontiou to Renew: <br />Provided Lessee is not then in default with respect to the Lease to which this OPTION TO RENEW is <br />attached and has kept and performed all of it's obligations under said Lease, Lessee shall have the right and <br />option at any time, at least 180 days before the expiration of said Lease to extend the term thereof for <br />three (3) additional one (1) year term(g) each, and the third (3) term shall the have the option to terminate, <br />without cause, at eight (8) months with a 60 day notice from the date of expiration of said Lease, which <br />notice of exercise of option shall only be effective If in writing and sent to the Lessor as provided in the <br />Lease for the mailing of notices. Provided, however, drat Lessee may not exercise this right if the <br />Lessee has, received three (3) or more notices of default throughout the Initial term of this Lease, <br />whether or not those defaults were cured, or at any time when Lessee has breached and not cured or <br />is in default under this Lease. Should Lessee breach or default under this Lease at any time after <br />giving notice of extension and prior to the first day of the extended term, Lessor shalt have the right <br />to declare Lessee's notice void mid of no offeot, and the term of this Lease shall expire as if notice had <br />not been given. <br />Such Lease extension shall be upon the identical terms and conditions as set for the in the Loose, except <br />that'tho rental to be paid by Lessee shall be increased as follows: <br />Option i • $2,951.00 per month <br />Option 2 • $3,039.00 per month <br />Option 3 - $3,191.00 per month (effective November 1, 2024 to <br />October 31, 2025) <br />The first option must be exercised in a timely manner for the second option term to be valid, <br />Any security deposit hold by Lessor shall be increased in the ratio as the rent is increased in the first year <br />of the option period divided by the rent for the first year of the initial tern, <br />Upon default in payment of the full increase In rental provided fbr above, Lessor shall have the some rights <br />and remedies as upon default in the rant otherwise provided for in the Lease, <br />This OPTION TO RIMEW or extend may be exercised only by the original Lessee while <br />physically occupying the Premises an any consent by Lessor to assignment or sublease of the Premises <br />shall not be construed as a waiver of this prohibition, <br />
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