HomeMy WebLinkAboutTayman Park Golf Group 2012-07-01; Addendum 1 2016-07-011617-112 -Al
ADDENDUM NO. 1 TO LEASE AGREEMENT
CITY OF UKIAH
AND
TAYMAN PARK GOLF CROUP, INC.
This Addendum No. 1 ("Addendum") to the Lease Agreement ("Agreement") between the City
of Ukiah ("Lessor" or "City") and Tayman Park Golf Group, Inc. ("Lessee"), dated July 1, 2012,
is entered into in Ukiah, California by City and Lessee, effective,7c, e. y. y , 2016 ("Effective
Date").
1. Section 4.1 of the Agreement incorporating the calculation of rent under the heading:
Formula for Rent Payment in Exhibit G to the Agreement is hereby amended by substituting for
the Formula for Rent Payment the payment of a fixed rent of $39,900 for the 2016 to 2017 Fiscal
Year (July 1 -June 30).
2. Section 4.2 of the Agreement incorporating Exhibit H to the Agreement is amended by
suspending all payments for FY 2016/17 that the Lessee is obligation to contribute to a Capital
Improvement Program.
3. The term of this Addendum is one year, commencing on July 1, 2016, and terminating
on June 30, 2017, unless the Agreement is extended or amended in writing by the parties prior to
its expiration. Upon expiration of the term of this Addendum, the Agreement, as it read prior to
the Effective Date, shall continue in full force and effect. During the term of this Addendum all
provisions of the Agreement not amended by this Addendum remain in full force and effect.
WHEREFORE, this Addendum is entered on the Effective Date.
ATTEST:
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k�t-
•stine Lawler, City Clerk
Approved as to form:
Davi oirt Attbrne
PP
City of Ukiah
By:
ang . co I, City Manager
Tayman Park Golf Group, Inc.
Stewart, President