HomeMy WebLinkAboutAGENDA REPORT 1998 0121 CC SPC ITEM 04AHome Office
Southern California
23475 Long Valley Rd.
Woodland Hills. CA 91367
Phone: (818) 883 -1222
FAX: (818) 712 -6979
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Bay Area Office
Northern California
2923 Alpine Rd.
Portola Valley. CA 94028
Phone: (415) 851 -4770
FAX: (415)851 -4252
ADDENDUM NO. 1
LEASE AGREEMENT
BY AND BETWEEN
BOETHING TREELAND FARMS, INC.
TRACT 3032
AND
THE CITY OF MOORPARK
WHEREAS, the Boething Treeland Farms, Inc. (hereinafter "Tenant ") and the City
of Moorpark (hereinafter "City ") entered into a Lease Agreement on January 1, 1994
(Lease Agreement No. 94 -001) for the lease of certain City owned property within the City
of Moorpark; and
WHEREAS, both parties thereto agree to amend said Lease Agreement for the
purpose of clarifying and implementing certain sections of the Agreement; and
WHEREAS, this Addendum shall be effective on January 1, 1998.
THE PARTIES HERETO AGREE AS FOLLOWS:
Section 5, Rent, is amended to add a new Subpart "C" to read as follows:
"Pursuant to Section 7 herein, effective January 1, 1998 the annual rent shall
be Eleven Thousand Five Hundred Eighty -Seven dollars and Seventy -Five
cents ($11,587.75)."
II. Section 7, Adjustments of Rents, is amended to add a new paragraph to read as
follows:
"Effective January 1, 1998 the annual rent shall increase by the amount of
the increase in the Consumer Price Index (CPI) from January 1, 1994. On
January 1 of each year thereafter, the rent shall automatically increase by
the amount of any CPI increase as reported for the prior twelve (12) month
period ending in October of each year. Any such increase shall also be in
effect for the year in which notice of termination is given pursuant to Section
3 herein."
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III. Section 20, Fences, is amended to add a new paragraph to read as follows:
"Tenant shall also be responsible for the maintenance of fencing bordering
the perimeter of the premises and located along Pepper Mill Street and at
the end of Daisy Court."
IN WITNESS WHEREOF, the parties have caused this Addendum No. 1 to the Lease
Agreement No. 94 -001 to be executed by their duly authorized representative as of the
date first written above.
CIYY)OF MOORPARK
Hunte
T G TREE AND FARMS, INC.
John Boething
ATTEST:
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