HomeMy WebLinkAboutGREYHOUND LINES, INC. (12)SECOND EXTENSION TO LEASE AGRE EMENT
BETWEEN THE CITY OF SANTA ANA AND
GREYHOUND LINES, INC.
THIS AGREEMENT, dated, for reference purposes only, September 21, 1998,
made and entered into by and between the City of Santa Ana, a charter city and municipal
corporation duly organized and existing under the constitution and laws of the State of
California, hereinafter referred to as "Owner", and Greyhound Lines,lnc., referred to as
"Tenant".
WITNESSETH
Agreement:
A. Owner and Tenant hereby agree to extend the term of the Lease of
February 1, 1985 to expire on September 30, 2003.
If the Lease is still in full force and effect, Tenant shall have one (1) five
(5) year option for extension, provided Tenant is not at the date of such
election, in default hereunder of such a nature as would allow Owner to
terminate the Lease, and further, provided written notice of the election of
such option (s) shall be sent to Owner not less than three (3) months prior
to expiration of the then current term (original or extended). If said
option(s) is duly exercised by Tenant, the term of the Lease shall be
automatically extended for the period of the next ensuing option, without
the requirement of any further instrument, upon all of the same terms,
provisions and conditions set forth in the Lease and any Amendments
thereto, except for annual rental cost which shall be negotiated between
the parties.
B. Annual rent for the first two (2) years of the renewal term will be $20,600
annually. The rental amount for years three (3) through five (5) shall be
increased each year by the Consumer Price Index, with a cap of 2%.
C. Owner will clean bus bays exclusively used by Tenant every quarter.
Tenant will reimburse Owner $280.00 each quarter for the cleaning.
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D. Tenant represents to Owner and Owner acknowledges that Tenant
self -insures in the ordinary course of its business. Notwithstanding any other
provision contained herein to the contrary, the insurance obligations of Tenant set
-forth in this Paragraph may be satisfied by endorsements to existing
excess/umbrella blanket policies written by companies of recognized standing
showing a self-insurance retention of not more than $1.5 million per occurrence
for automobile liability and general liability insurance coverage; worker's
compensation insurance coverage is subject to a $1.0 million deductible per
occurrence with a deductible of $100,000 per occurrence for property damage
insurance coverage, to the extent required Linder the Lease,
Except as amended as set forth hereinabove, all of the provisions of the said Lease
shall remain in full -force and effect.
IN WITNESS VvTTEROF, OWNER AND TENANT have executed this Extension
to Leas the day and year first above written.
ATTEST:
llie C. Guy
erk of the Council
APPROVED AS TO FORM:
,J-
Joseph W. Fletcher
City Attorney
APPROVED AS TO CONTENT:
David N. Ream
City Attorney
RECOMMEND FOR APPROVAL:
.... . ...... . .
Cydhia J. Nels6n, Executive Director
Community Development Agency
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INIVAOINCYARINEW111110VI
Municipal corporation of the
State f-C-' rnia
M�i��A. Pulibo
r
APP OV A QS Tx(l CON T N T:
David N. Ream
City Attorney
Greyhound Lines, Inc.
JflW. 'Haugsl
President anal Chief Operating
Af
Appro
By : *1' —(Y