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21-1022_BLENHEIM FACILITY MANAGEMENT_3rd Amd to Riding Park Management Agr� • • • • • • � � • • • • THIRD AMENDMENT TO RIDING PARK MANAGEMENT AGREEMENT THIS THIlZD AMENDMENT TO RIDING PARK MANAGEMENT AGREEMENT (th� "Am ndment') is made by and between the City of San Juan Capistrano, a municipal • corporation ("City") and Blenheim Facility Management, LLC, a Del ware limited liability 4b company ("Company") as of January 1, 2022, with respect to the followinf?'cts: �• • � r •••••r A. • City and Company are parties to that certain Riding Park Managerrj,-nt Agreement dated as of January 1, 2018 ("Agreement") for the eperaticn, management and maintenance of • the. Rancho Mission Viejo Riding Park -40 � • • • • • � • • • • • • • • • _B. • Cltyand Company are parties to•The First Amendment to Riding Park • Management Agreement dated July 2, 2019 ("First Amendment"). • 40 • • • •C. City nd Com- � parties to The T� Se Amendment t Riding Park • Management Agreement dated February 2, 2021 ("Second Amendment"). D. The Second Amendment expires on December 31, 2021, a•rd an additic:ral • extension of up to twelve months to the Agreement term is available at the City's sole discretion. The Parties desire to extend the term of tbe Agreem--nt for nine additional months and amend the monthly Riding Park Parcel Management Fee. • • • 40 IN CONSIDERATION OF THE FOREGOING, the parties agree as follows. _l • • Effective Date; Term. Paragraph 1.1 of the Agreement is deloted in its entirety ar_�d restated as follows: • •• • "Effective Date; Term This Agreement shall be a cctron Jan j, 2022 (the "Effective Date"), but the term of Company's management of the Riding Park Parcel pursuant to this Agreement shall be the "Management Term" set forth in Section 1.2. This Agreement shall terminate and be of no further force or effect as of 11:59 p.m. on September 30, 2022, unless sooner terminated pursuant to the terms of this Agreement ("Termination Date")." • • • • � • • • • • —2,* • R!din2 Park Management Fee. Section 2.1.13 of the Agreement is deleted in its entirety and restated as follows: • • • • • • • � Park Fees ." Cc.— ny shall be solely responsible for t� Riding "Riding P Parcel Operating Expenses and shall retain all revenues ger_.erated from the operation of the Riding Park Parcel; provided, however, Company shall remit to the City Twenty Percent (20%) of the gross revenue ("Gross Revenue") • generated by any events neAshown on EXHIBIT (:!*,as amended quarterly ("Gross Revenue Fee")For purposes of this Agreement, Gross Revenue shall include all facility rental revenue, including, but rot limited to, ring, arena, stall, picnic area and parking lot rental/fees, but shall specifically exclude any revenue derived by the Company fc.- event labor or pass-through event rentals, including, • 61147.00211\34474511.1 • • • but not limited to, tent, generator, and portable restroom facilities ren-ta s. In addition, Company shall remit Forty Thousand Dollars ($40,000) per month ("Riding Park Parcel Managemnent Fee") to the City. The Riding Park Parcel Management Fee shall be remitted to the City on the first day of each month. In the event tb-- Agreement termination shall be effective as of a date after the first of the month, there shall be no pro ration of the Riding Park Parcel Management Fee. The Gross Revenue Fee and a report of Gross Revenue shall be delivered to the City no later than thirty (30) days after the month end in which the event giving rise to the Gross Revenue Fee occurred. • • • • • � • � • • • • • • • !3. • Affirmat:-on. Except as otherwise provided in the First Amendment, S-.cond Amendment, and this Third Amendment, the terms and conditions of the Agreement are hereby ratified and confirmed and shall remain in full face and effect. 4. Necessary. Each Pay shall perform any further acts ar-.d execute and deliver any further documsnts that may be reasonably necessary to carry out th.- provisions of this Amendment. 5. Entire Agreement, Amendments. This Amendment is the entire agreement between the Parties concerning the subject matter hereof, and supersedes any prior negotiations, discussions, oral c.- written communications, or agreements between the Parties.•The terms of this Amendment may only be modified or amended by an instrument in writing executed by all Parties. _� • 6. Reservation of Rights. Notwithsta ding anything m this A-�drnent to the contrary, all claims and contentions of City and Company as set forth in the pleadings on file in the pending case of City of San Juan Capistrano v. Tokio Marine Specialty Insurance Company and Blenheim Facility Management, LLC filed in the Superior Ccurt of the State of Califcmia, Ccunty of Orange as Case No. 30-2019-01061811-CU-IC-CJC are reserved. • � • • • • � • � (signature page to follow) • 2 61147.00211\34474511.1 00 0 0 SIGNATURE PAGE TO THIRD AMENDMENT TO RIDING PARK MANAGEMENT AGREEMENT 0 0 0 0 0 0 40 IN WITNESS WHEREOF, the parties have executed and entered into this Third Amendment as of the day and year first written above. 0 011 21, 2021 D= A'T T: Maria Morris, C City Clerk "CITY" CITY OF SAN JU C: = O Benjamin Siegel City Mager APPROVED AS TO FORM: Best Best & Krieger, LLP 51W/3% Jeffrey Ballinger City Attorney* "COMPANY" BLENHEIM F6CILITY MANAGEMENT, LLC ( :Z Bye Dae *Robert Ridland f •PresidereA 61147.0021 1\34474511.1