HomeMy WebLinkAbout325182. ltejmbursetnent of Unamot1ized Cost Qf Tenant Improvements. In the event there is on
early tcml.fnatioit of the Lease by the Lessee under Sectl01i 16, Non-Funding-Temiiiu\tion. und
al\c( nppli'catiQJl of· any unamortized balance of the Lessee's $150,000 share of the Additional
Tenant Jmpa~ovemcmts undel'.lhe. Lease. AssigllOr ngt'Ccs to •·chubut·se Assignee for the cost of
J\llY rcmahiing.unamo1:tized tenant improvements not to exceed the amount of$334, 786.90,
3. Acknowledgements. Assigno1' represents that thet·e are no uncured defaults by either
Assignor or Lessee under the Lease, nor nrc there nny stnte of fncts which, with the passage of
time or the giving of 11otice or both, would eonslilule u default by either Assigner or Lessee
unde1· the Lease. Assignor represents thnt it hns no claims ugninst Lessee with respect to the .
Lease ot· the Pt'Cmiscs and Assignor has no offset OJ' claim ngulnst rent or any other nmounl
payable under the .tease.
4. Validity l\1\d Effective Date. Regardless of the d1ite this Assigmn~nt is executed, the
validity nnd effective date of this Assignment unci the pat•ties' respective obligations set forth
herei.n shall be coJitlngent·. upon both of the following (I) the close of the Escrow between
Assignor nnd Assi&~nee reg~tnliltg Assignee's purchase of the Property and (ii) the Consent of the
Lessee to thc'·ltssignmcnt of'the te~tse.
IN WITNESS· WI-I ERGO F. the undersigned have executed this Assigmnent and consent thereto
set to1·th below.
ASSIGNOR:
CENTERMALL COURT INVESTORS,
a Cnlilbmin Limhed trortnea·ship, by
Giumnrm Properties, LTD, a Culifnr.,ia
Limited Partnership; by Glumm1·n
corptlmtlon •. ns General Partne1·.
/ 1
~~~~r
ASSlCNEE:
JOHN S. FOGGY. an unmarried man
By:Qlf21i_,_/~£f'
John S. Fogg)'
f;;ONSEN'[
The undersigned, ns ihcLcssee linder the Leuse, hereby consents to the Assignment of
the Lcnse as set lb11h above.
LESSEE:
COUNTY OF FR8SNO
Dy:-S ~~~~
Ernest Buddy Mendes, Chairman A TIEST:
Board of Supervisors BERNICE E. SEIDEL, Clerk
Board of Supervisors
s,Chrr~ t~
D u
Fund No. 0001
Subclalas 10000
Org. 5610
Aoct, No. 7340
3
ATTEST: BERNICE E. SEIDEL
CLERK, BOARD OF SUPER\ASORS
By See page two for Attestation
Deputy
APPROVED AS TO LEGAL FORM:
DANIEL C. CEDERBORG, COUNTY COUNSEL
B~*<L~--
APPROVED AS TO ACCOUNTING FORM:
VICKI CRON, C.P.A
AUDITOR-CONTROLL/TREASURER-
TAX COI..lfCTO~ /} _ --
By -1/tt,£ ~