HomeMy WebLinkAboutContracts & Agreements_224F-2023DocuSlgn Envelope ID: 5218A309-DF4A 428B-87136-0B3F970F1ABA
TENTH AMENDMENT TO MULTI -TENANT OFFICE LEASE — GROSS
This Tenth Amendment ("Tenth Amendment") to the Multi -Tenant Office Lease -Gross
("Lease"), dated September 15, 2000, is made and entered into this 30th day of November 2023
by and between the City of Redlands, a municipal corporation and a general law city ("City"),
and Arrowhead Conferences and Events, Inc., ("Lessee"). City and Lessee are sometimes herein
referred to individually as a "Party" and collectively as the "Parties."
RECITALS
WHEREAS, on September 15, 2000, Lessee entered into a Multi -Tenant Office Lease -
Gross with Redlands Community Investment Corporation, a California Corporation for the lease
of approximately 2,556 square feet of space at 300 East State Street, Suite 470, Redlands,
California which was later amended and is presently 240 square feet of space at 300 East State
Street, Suite 220; and
WHEREAS, Lessee and Redlands Community Investment Corporation amended that
certain Lease Agreement with the First Amendment dated November 9, 2000, Second Amendment
dated March 13, 2001, Third Amendment dated May 1, 2012, Fourth Amendment dated October
1, 2015, Fifth Amendment dated December 17, 2018 for 423 square feet of space at 300 E. State
Street, Suites 213 and 220, Sixth Amendment dated January 28, 2020, and Seventh Amendment
dated January 14, 2021, for approximately 240 square feet of space at 300 E. State Street, Suite
220; 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 Eighth
Amendment dated January 15, 2022 and Ninth Amendment dated November 30, 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. Three (3) months commencing on January 1, 2024 ("Commencement Date")
and ending on March 31, 2024 ("Extension Term")."
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I:\Citrus Center - 300 E State Street\Tenant Lease Agreements\Arrowhead Conference & Events\Arrowhead Conferences and Events -10th
Amendment to Lease.City.2023.docx
DocuSign Envelope ID: 5218A309-DF4A-428B-87D6-OB3F970F1ABA
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 Six Hundred
Dollars ($600.00) per month, payable on the first day of each month commencing January 1,
2024."
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 deemed 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
toCity 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 onany 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 Tenth Amendment, to be
effective as of January 1, 2024.
CITY OF REDLANDS
Arrowhead Conferences and Events, Inc.
,-UoeuSigned by:
By: _
Chris Boatman, Assistant City Manager T. Scott Falk, President
ATTEST:
e Donaldson, City Clerk
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Amendment to Lease.City.2023.docx