HomeMy WebLinkAboutContracts & Agreements_24-1999_CCv0001.pdf y REDLANDS HANGAR OWNERS' ASSOCIATION - CITY OF REDLANDS �
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MASTER LEASE AGREEMENT
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PARCEL NO. 4
LEASE AMENDMENT NO. 5
The MASTER LEASE AGREEMENT, dated July 5, 1979, and amendments thereto, between
the City of Redlands, hereinafter called "City", and "Redlands Hangar Owners' Association,
Inc.", hereinafter called "Lessee", is hereby amended as follows:
Section I.e.
Term of Lease: The section shall be changed to read:
"(1) TO HAVE AND TO HOLD, Parcel #4 of the demised premises including the use of all
public runways, taxiways, and ramps in common with others, for the term of twenty years
commencing on the 1st day of May, 1979, and ending on the 30th day of April, 1999 unless
sooner terminated as hereinafter provided, and subject to the conditions and covenants herein.'»
Section I.d.
Renewal Option: The Section shall be changed to read:
"Lessee shall have three successive options for extending this lease for periods of ten (10)
additional years each, from May 1 1999 to April 30 2009 from Ma 1 2009 to A ril 30
2019, and from Mav 1 2019 to April 30 2029, respectively, as regards the leasing of Parcel
Executed at Redlands, California, on this 16th day of March 1999.
CITY OF REDLANDS
BY 1
ATTEST:
Ma r of the Cit f Re ds
City lark, Citdlands
REDLANDS HANGAR OWNERS ASSOCIATION, INC.
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