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HomeMy WebLinkAboutORANGE, COUNTY OF (13) - 2011A-2011-036 APR 4 2011 C1w'Soy K rc??? EXERCISE OF OPTION TO EXTEND LEASE AGREEMENT THIS EXERCISE OF OPTION, authorized on this 22nd day of February, 2011, by and between the County of Orange (hereinafter "Lessee") and 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 ("Landlord"), collectively referred to herein as "the Parties". RECITALS A. The Parties entered into those certain agreements entitled "Lease Agreement between the City of Santa Ana and the County of Orange" and the "First Amendment to Lease" hereinafter referred to as "said Agreements", to lease commercial space at The Santa Ana Regional Transportation Center to the County of Orange to be used for CALWORKS, a mandated partner in the WORK Center which assists welfare clients in finding employment. B. The parties hereto now desire to exercise the second three-year option to extend term contained in said Agreements (termination date: February 28, 2014) and confirm the "Compensation" term pursuant to said Agreements. WHEREFORE, in consideration of the mutual and respective covenants and promises hereinafter contained and made, and subject to all of the terms and conditions of said Agreements, the parties hereto do hereby agree as follows: 1. Pursuant to the Option to Extend term in said Agreements, it is mutually agreed that the second three year option to extend be exercised, which extends the term from March 1, 2011 to February 28, 2014. 2. Pursuant to the "Compensation" section of said Agreements, the monthly rental payment is currently $9,437.55, and shall be adjusted March 1, 2012, as proportionate to the change in the Consumer Price Index for Los Angeles- Riverside-Orange County, California. 3. The "Notice" section of said Agreements shall reflect the current name and address of Lessor to: Executive Director - Public Works Agency City of Santa Ana 20 Civic Center Plaza (M-21) Santa Ana, CA 92701 Fax 714-647-5622 4. All other terns and conditions of said Agreements shall remain in full force and effect. /// v IN WITNESS WHEREOF, the parties hereto have executed this Option to Extend Lease Agreement the date and year first above written. ATTEST: Maria D. Huizar Clerk of the Council CITY OF SANTA ANA David N. Ream City Manager APPROVED AS TO FORM: Joseph Straka, Interim City Attorney ,? aura Sheedy Assistant City Attorney RECOMMENDED FOR APPROVAL: t Raul Go mez, II Executive Director - Publ c orks COUNTY OF ORANGE By: ) t. M &e Ryan Acting Division Director, Administrative Services