HomeMy WebLinkAbout32666 L-323-1 ADDENDUM
Rowell/DA/2860
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COUNTY OF FRESNO
Fresno, California 1
ADDENDUM TO LEASE/OPTION TO PURCHASE AGREEMENT
THIS ADDENDUM TO LEASE/OPTION TO PURCHASE AGREEMENT (AGT
17-520) (hereinafter "ADDENDUM") is made and entered into this 20th day of March, 2018,
by and between RIVER PARK PROPERTIES III, a California limited partnership, 265 E. River
Park Circle, Suite 150, Fresno, CA 93711 (hereinafter “Landlord”) and the COUNTY OF
FRESNO, a political subdivision of the State of California, (hereinafter “Tenant”). Landlord
and Tenant may, hereinafter, be referred to collectively as “Parties” or individually as “Party”.
W I T N E S S E T H:
WHEREAS, Landlord and Tenant are Parties to that certain Lease/Option to Purchase
Agreement #17-520, dated September 26, 2017 (“Lease/Option to Purchase Agreement”) for
lease with option to purchase of office space at 2100 Tulare Street, Fresno, CA 93721
(the “Premises”);
WHEREAS, Landlord provided Tenant with a letter dated January 31, 2018 terminating
the Lease/Option to Purchase Agreement (hereinafter “Termination Letter”), attached
hereto and incorporated herein by reference as EXHIBIT A;
WHEREAS Landlord and Tenant now desire to revive the Lease/Option to
Purchase Agreement (attached hereto and incorporated herein by reference as EXHIBIT
B) through Landlord’s withdrawal of the Termination Letter and the exchange of good
and valuable consideration;
WHEREAS the revived Lease/Option to Purchase Agreement shall continue with the
same terms and conditions except as amended herein; and
NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of
which is hereby acknowledged, the Parties agree as follows:
1.The Termination Letter is hereby withdrawn by Landlord and shall have no legal
effect upon this ADDENDUM and upon the Lease/Option to Purchase Agreement as
amended herein.
2.Tenant waives the exercise by Landlord of its right to terminate.
3.Landlord and Tenant agree that the Lease/Option to Purchase Agreement is revived
Agreement No. 17-520-1
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COUNTY OF FRE SNO
F resno, California
L-323-1 ADDENDUM
Rowell/DA/2860
satisfied . Under no circumstance s whatsoever sha ll either party's right to
terminate this Lease pursuant to this Section 35 .2 extend beyond the earlier of
(i) or (ii) written hereinabove."
The Parties agree th at this ADDENDUM is sufficient to revive and amend the
Lease/Optio n to Purchase Agreement as stated herein. The Lease/Option to Purchase
Agreement is hereby revived , restated, and amended . It is the intent of the Parties that all other
provisions of the Lease/Option to Purchase Agreemen t no t amended as provided herein sha ll
remai n unchanged. The Parties ag ree th at upon execution of this ADDENDUM the Lease/Option
to Purchase Ag reem en t as revived , ame nded and restated herein and the ADD ENDUM shall
together be considered the Lease/Option to Purchase Ag reement.
EXECUTED as of th e date first herein specified.
Landlord:
River Park Properties Ill,
a California Limited Partnership
By: Lance-Kashian and Compa ny
a Ca lifornia co rporation ,
~ner fuiWv .W .kfls .
EwardM.Kashian
Chief Executive Officer
Fu nd No. 000 1
Subclass 1000 0
Org. No. 2860
Tenant:
COUNTY OF FRESNO
hairman of the Board of
the County of Fresno
ATTEST: BERNICE E. SEIDEL,
Clerk to the Board of Supervisors
Co unty of Fresno , State of California
By: .su~ DAsb~
Deputy
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