HomeMy WebLinkAboutAgreement A-19-488-1 with CMG Construction Management Inc. - Lease Agreement.pdfAgreement No. 19-488-1
FIRST AMENDMENT TO LEASE AGREEMENT 1
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3 THIS FIRST AMENDMENT TO THE LEASE AGREEMENT ("First Amendment") is made and
4 entered into this _..._5t=h"----day of November , 2019 ("Effective Date of First Amendment"),
5 by and between the COUNTY OF FRESNO , a political subdivision of the State of California ("Lessee"), and
6 CMG Construction Management, Inc ., a Californ ia corporation ("Lessor"). Lessee and Lessor are
7 sometimes collectively referred to herein as the "Parties ," and singularly as a "Party ." Unless otherwise
8 stated herein, capitalized terms shall have the same meaning as stated in the Lease referenced below.
9 WITNESSETH:
10 WHEREAS , on September 24 , 2019, Lessee and Lessor entered into that certain Lease
11 Agreement, Lessee 's Agreement No . 19-488 ("Lease ") for the Lessor's lease to Lessee of a portion of
12 Lessor's real property described therein , which real property is located at the northeast corner of South
13 Cedar Avenue and East Kings Canyon Road , County of Fresno ;
14 WHEREAS , Section 2 of the Lease , as well as Exhibit C to the Lease , describe the portion of
15 Lessor 's rea l property leased by Lessor to Lessee, divides the leased area into four "Phases," and
16 establishes each Lease Phase 's termination date ;
17 WHEREAS , Lessee would like to amend Section 2 and Exhibit C of the Lease to extend the
18 termination dates of the Lease Phases , as provided herein ; and
19 WHEREAS , both Parties are agreeable to these amendments to the Lease .
20 NOW , THEREFORE , upon the Parties ' execution of this First Amendment , Lessee and
21 Lessor agree to amend the Lease as follows :
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1. Section 2 of the Lease is deleted , and is replaced with the following :
"Commencing on the Close of Escrow date, the total term of this Lease shall be for a period
of four (4) years and six days , ('Term"), and shall end on December 30, 2023 . Both Parties
agree that this Term shall be composed of the four (4) phases (individually , each a "Phase";
See Revised Exhibit C) described below:
A. The Phase 1 ("Phase 1") term of this Lease shall begin on the Close of Escrow date ,
and end on December 31 , 2021 , un less terminated ea rlier by LESSEE. The portion
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1 conditions and promises contained in the Lease , and not amended herein , shall remain in full force and
2 effect.
3 IN WITNESS WHEREOF , the parties hereto have executed this First Amendment as of the day and
4 year first hereinabove written.
5 LESSOR:
CMG CONSTRUCTION
6 N ENT , INC .
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8 Mark Stevv CEO
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FOR ACCOUNTING USE ONLY:
FUND: 1020/Multi ple
SUBCLASS: 10000
ORG : 8905/Multiple
ACCOUNT : 7294/Multi ple
By :
LESSEE:
COUNTY OF FRESNO
Nathan Magsig , Chairman of the Board of
Supervisors of the County of Fresno
ATTEST :
Bernice E. Seidel
Clerk of the Board of Supervisors
County of Fresno , State of California
Deputy
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