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HomeMy WebLinkAbout2018 CON (LEASE AGREEMENT) TSC Group - Lease of Modular Building - Addendum #1ADDENDUM NUMBER 1 TO LEASE AGREEMENT DATED APRIL 5, 2017 ("LEASE") BY AND BETWEEN TSC GROUP, INC. ("LESSOR") AND CITY OF NATIONAL CITY ("LESSEE") WHEREAS, Lessee desires to modify the terms of the lease extension option as set forth in Exhibit "B" of the Lease. NOW THEREFORE, Lessor and Lessee agree to amend the Lease as follows: TERM: The Lease is hereby extended from October 1, 2018 on a month to month basis. Either party may terminate the Lease by providing the other party with thirty (30) days written notice. RENT: The monthly rental rate will increase from $2,117.50 to $2,329.25 per month plus applicable California sales and/or use tax. The amended monthly rent will be paid monthly in advance commencing October 1, 2018. Except as modified above, all other terms and conditions under the Lease shall remain unchanged and in full force and effect. The respective signatures below outline acceptance and acknowledgment of the revisions outlined above. LESSOR: TSC GROUP, INC. LESSEE: CITY OF NATIONAL CITY Title: City Manager APPROVED AS TO FORM: CITY OF NATIONAL CITY Office of the City Clerk 1243 National City Blvd., National City, California 91950-4397 619-336-4228 Michael R. Dalla, CMC - City Clerk TSC GROUP, INC. MODULAR BUILDING LEASE ADDENDUM #1 Judith Hernandez (Engineering/Public Works) forwarded a duplicate original Addendum #1 to TSC Group, Inc.