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HomeMy WebLinkAboutContracts & Agreements_246C-2022SIXTH AMENDMENT TO MULTI -TENANT OFFICE LEASE — GROSS This Sixth Amendment ("Sixth Amendment") to the Multi -Tenant Office Lease -Gross ("Lease"), dated November 28, 2016, is made and entered into this 1st day of December, 2022 by and between the City of Redlands, a municipal corporation and a general law city ("City"), and Thomas C. Klein ("Lessee"). City and Lessee are sometimes herein referred to individually as a "Party" and collectively as the "Parties." RECITALS WHEREAS, on November 28, 2016, Lessee entered into a Multi -Tenant Office Lease - Gross with Redlands Community Investment Corporation, a California Corporation for the lease of approximately 210 square feet of space at 300 East State Street, Suite 204, Redlands, California; and WHEREAS, Lessee and Redlands Community Investment Corporation amended that certain Lease Agreement with the First Amendment dated January 26, 2018, Second Amendment dated January 24, 2019, Third Amendment dated February 1, 2020, and Fourth Amendment dated January 31, 2021; and WHEREAS, on September 21, 2021, City of Redlands and Redlands Community Investment Corporation entered into an Assignment and Assumption Agreement, wherein, Redlands Community Investment Corporation assigned and transferred to City of Redlands all right title and interest in, to and under the leases for 300 East State Street; and WHEREAS, City and Lessee amended that certain Lease Agreement with the Fifth Amendment dated December 20, 2022; and WHEREAS, it is the desire of the City and Lessee to amend the existing Lease, specifically with regard to the Lease Term and Base Rent; NOW, THEREFORE, for good and valuable consideration in the receipt of which is hereby acknowledge City and Lessee agree as follows: AGREEMENT Section 1. Paragraph 1.3 of the Lease, entitled "Term" is hereby deleted and replaced with the following: "1.3 Term. Twelve (12) months commencing on January 1, 2023 ("Commencement Date") and ending on December 31, 2023 ("Extension Term"). 1.3a Termination of Extension Term. Lessee may terminate this Lease, without penalty, by providing City thirty (30) days prior written notice specifying the date for termination of this Agreement." I:\Citrus Center - 300 E State Street\Tenant Lease Agreements\Thomas C Klein (Ste 204)\Thomas C Klein-6th Amendment to Lease.City.2022.docx Section 2. Paragraph 1.5 of the Lease, entitled "Base Rent" is hereby amended to read as follows: "1.5 Base Rent. The monthly Base Rent during the Extension Term shall be Five Hundred Sixty Seven Dollars ($567.00) per month, payable on the first day of each month commencing January 1, 2023." Section 3. No Broker Involvement. City and Lessee each represent and warrant to the other that is has not employed any broker in connection with this Amendment. Section 4. Integration of this Amendment and the Lease. This Amendment and the Lease shall, for all purposes, be deemed to be one instrument. In the event of any conflict between the terms and provisions of this Amendment and the terms and provisions of the Lease or other amendments, the terms and provisions of this Amendment shall, in all instances, control and prevail. Except as expressly defined herein, all words and phrases which are defined in the Lease shall have the same meaning in this Amendment as are ascribed to said words and phrases in the Lease. Section 5. Authority. Lessee represents and warrants to City that each individual executing this Amendment on behalf of Lessee is authorized to do so. Lessee also represents and warrants to City that neither Lessee nor the entities or individuals constituting, owning or controlling Lessee or which may be owned or controlled by Lessee are among the individuals or entities identified on any list compiled pursuant to Executive Order 13224 for the purpose of identifying suspected terrorists. Section 6. Effect of this Amendment. Except as expressly modified or amended by this Amendment, the Lease and all terms, covenants and conditions contained therein shall remain unchanged an in full force and effect. IN WITNESS WHEREOF, the parties have executed this Fifth Amendment, to be effective as of January 1, 2023. CITY OF REDLANDS THOMAS C. KLEIN By: Chris Boatman, Assistant City Manager Thom s C. Klein ATTEST: ne Donaldson, City Clerk I:\Citrus Center - 300 E State Street\Tenant Lease Agreements\Thomas C Klein (Ste 204)\Thomas C Klein-6th Amendment to Lease.City.2022.docx