HomeMy WebLinkAboutContracts & Agreements_05A-2026FIFTH AMENDMENT TO MULTI -TENANT OFFICE LEASE — GROSS
This Fifth Amendment ("Fifth Amendment') to the Multi -Tenant Office Lease -Gross
("Lease"), dated September 3, 2009, is made and entered into this 2nd day of February 2026 by
and between the City of Redlands, a municipal corporation and a general law city ("City"), and
Betty Auton-Beck, a Professional Law Corporation ("Lessee"). City and Lessee are sometimes
herein referred to individually as a "Party" and collectively as the "Parties."
RECITALS
WHEREAS, on September 3, 2009, Lessee entered into a Multi -Tenant Office Lease -Gross
with Redlands Community Investment Corporation, a California Corporation for the lease of
approximately 1,277 square feet of space at 300 East State Street, Suite 520, Redlands, California;
and
WHEREAS, Lessee and Redlands Community Investment Corporation amended that
certain Lease Agreement with the First Addendum dated September 3, 2009, Second Addendum
dated January 27, 2011, Third Addendum dated August 25, 2011, Fourth Addendum dated
November 7, 2012, Fifth Addendum dated April 29, 2013, First Amendment dated October 1,
2013, Second Amendment dated November 19, 2013, and Third Amendment dated August 30,
20 t 9; and
WHEREAS, on September 21, 2021, City 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, Lessee and City amended that certain Lease Agreement with the Fourth
Amendment dated September 15, 2022, and Fifth Amendment dated May 15, 2023; 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. Two (2) Years and One (1) Month commencing on January 2027
("Commencement Date") and ending on January 31, 2029 (`Extension Term")."
Section 2. Paragraph 1.5 of the Lease, entitled "Base Rent' is hereby amended to read as
follows:
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"1.5 Base Rent. Effective January 1, 2027, (the Lease Renewal Commencement Date"),
the monthly Base Rate during the Renewal Lease Term shall be as follows. Base rate shall be
adjusted at the rate of Three Percent (3%) every Twelve (12) months.
Month(s)
January 1, 2027 — December 31, 2027
January 1, 2028 — January 31, 2029
Monthly Base Rent Rate
$4,022.33 $3.28 per SF
$4,143.00 $3.38 per SF
Section 3. Possessory Interest Assessment. Lease of said property is subject to annual
possessory interest assessment from the San Bernardino County Assessor's Office. Lessee shall
pay all such fees directly to the San Bernardino County.
Section 4. Termination Option. Lessor and Lessee confirm and agree that Lessee shall have
the right to terminate this Lease at any time during the Renewal Lease Term with thirty (30) days
prior written notice to Lessor. Lessor and Lessee further confirm and agree that Lessee is not be
required to pay a termination fee in connection with this Termination Option.
Section 5. No Broker Involvement. City and Lessee each represent and warrant to the other
that it has not employed any broker in connection with this Amendment.
Section 6. 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
terns and provisions of this Amendment and the terns 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 7. 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 8. 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 and in full force and effect.
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IN WITNESS WHEREOF, the parties have executed this Fifth Amendment, to be effective as of
February 2, 2426.
CITY OF REDLANDS
Chris Boatman, Assistant City Manager
ATTEST;
nne Donaldson., City Clerk
BETTY AUTON-BECK
A PROFESSIONAL LAW CORP.
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