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2014-029 - Approving the Form And Authorizing the Execution of Certain Lease Financing Documents
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2014-029 - Approving the Form And Authorizing the Execution of Certain Lease Financing Documents
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6/11/2014 11:29:49 AM
Creation date
6/11/2014 11:18:02 AM
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City Clerk
Doc Type
Resolution
Date
6/3/2014
Destruction Year
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SECTION 1. Amendment of the Ground Lease. <br />(a) The description of the Property contained in Exhibit A to the Ground Lease is hereby <br />amended by releasing and terminating from the Ground Lease all property described in Exhibit <br />A attached thereto. The resulting description of the Property shall be as described in Exhibit B <br />attached hereto which shall modify and replace in its entirety Exhibit A attached to the Ground <br />Lease. <br />(b) By virtue of such substitution, the City hereby leases to the Authority and the <br />Authority hereby leases from the City, the Property, as now described in Exhibit B attached <br />hereto. <br />SECTION 2. Ground Lease in Full Force and Effect. Except as amended by this Third <br />Modification to Ground Lease, the Ground Lease remains in full force and effect. <br />SECTION 3. Execution in Counterparts. This Third Modification to Ground Lease may <br />be executed in several counterparts, each of which shall be an original and all of which shall <br />constitute but one and the same instrument. <br />SECTION 4. Applicable Law. This Third Modification to Ground Lease shall be <br />governed by and construed in accordance with the laws of the State of California. <br />-2- <br />
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