RIVER VIEW GOLF COMPANY - 4TH AMEND TO NOVATION 2001

Home Browse Search

'` ~ • 0 R i G f I~ A L ~ A-2001-053 FOURTH MODIFICATION TO NOVATION OF LEASE BETWEEN CITY OF SANTA ANA a .. r AND RIVER VIEW GOLF COMPANY THIS FOURTH ODIFICATION TO NOVATION OF LEASE is made this day of Crt ~• , 2001, by and between the City of Santa Ana, hereinafter referred to as "LESSOR" and Mary P. Keane, d.b.a. River View Golf Company, hereinafter referred to as "LESSEE". RECITALS On March 11, 1974, LESSOR granted a Novation of Lease to River View Golf, a California corporation. That Lease was assigned to Mary P. Keane on June 27, 1988. At LESSOR'S request, LESSEE removed a portable restroom and replaced it with a larger, permanent restroom on City owned property. The parties agreed LESSOR would reimburse LESSEE for the cost of the new facility in the form of lease rebates. Construction of the new restroom facility was completed at a cost of Twenty Seven Thousand, Five Hundred Ninety and 03/100 Dollars ($27,590.03). NOW, THEREFORE, the parties mutually agree to amend said Lease as follows: RENT LESSEE'S obligation to pay rent shall temporarily be modified as follows: LESSEE shall monthly submit written documentation indicating the amount of rent owed to LESSOR pursuant to the percentage rate schedule set forth in the THIRD MODIFICATION OF NOVATION OF LEASE. LESSOR shall accept such documentation in lieu of cash payment of said rent until the total rebate amount equals Twenty Seven Thousand, Five Hundred Ninety and 03/100 Dollars ($27,590.03). When the total rebate amount is reached, LESSEE shall again be obligated to pay full rent pursuant to the percentage rate schedule set forth in the THIlZD MODIFICATION OF NOVATION OF LEASE. 2. All other terms and conditions shall remain in full force and effect.