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~.~.~ " THIS FOURTH AMENDMENT is and is intended to be part of that lease <br /> (,) entered into on the 20th day of April, 1987, by and between S.T.C. <br /> (~ Corporation, a general partnership, and the CITY OF SANTA ANA, a <br /> municipal Corporation, Lessee. <br /> <br />RECITALS: <br /> <br />It is understood that on February 5, 1992 this property transferred owners <br />by Grant Deed #92-6900 from C & T PROPERTIES, a partnership, to WILLIS <br />J. CLEMONS AND CLAYTON B. TILLOTSON, each an undivided one-half <br />interest as Tenants in Common. And on February 5, 1992 by Grant Deed <br />#92-069098, WILLIS J. CLEMONS, an undivided one-half interest as Tenant <br />in Common transferred the property to FIRST AMERICAN TRUST COMPANY, <br />Trustee of The Clemons Family Trust dated June 30, 1988. On May 16, <br />1997 the interest of Clayton 8. Tillotson transferred to Dorothy E. Tillotson <br />as surviving spouse and on August 21, 1997, Dorothy E. Tillotson <br />transferred the property to Dorothy E. Tillotson and William C. Tillotson, <br />Trustees of The Dorothy E. Tillotson 1997 Inter Vivos Trust. <br /> <br />The parties hereto agree: <br /> <br />LEASE EXTENSION: <br />The Lease shall be extended for a period of three (3) years. Said <br />period beginning May 1, 1997. <br /> <br />II. <br /> <br />EXPIRATION DATE: <br /> <br />The expiration date of lease shall be April 30, 2000. <br /> <br />III. BASE RENT: <br /> <br />Commencing December 1, 1997 the base rental rate shall be $2,830. <br /> <br />During the period beginning May 1, 1997 through November 30, 1997 <br />the base rent shall be $3,207.42. <br /> <br />IV. RENTAL INCREASES: <br /> <br />The monthly base rent payable pursuant to Paragraph III above shall <br />be calculated as follows: <br /> <br />The base rent payable from the first month of the term of this <br />amendment shall be multiplied by a fraction, the denominator of which <br />shall be the C.P.I. of the calendar month during which the adjustment <br />is to take effect, and the denominator of which shall be the C.P.I. of <br />April, 1997 in which this amendment commences. The increase <br />amount will have a 7% cap with no floor. <br /> <br /> <br />