1993-0706_VAQUERO WEST MERCANTILE_Lease Agreement AmdAMENDMENT TO
LEASE AGREEMENT WITH
VAQUERO WEST MERCANTILE
AT 26755 VERDUGO STREET
SAN JUAN CAPISTRANO, CALIFORNIA
AMENDMENT made this 6th day ofJuly, 1993, by and between the SAN
JUAN CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY ( the "Landlord") and
VAQUERO WEST MERCANTILE (the "Tenant").
RECITALS
A. Landlord and Tenant are parties to a lease agreement date April 7, 1992
(referred to herein as the "Lease").
B. The Tenant incurred considerable cost and time in the restoration of the
premises in excess of original estimates.
C. The Tenant has requested consideration by the Agency of amended lease terms
to offset the additional costs and time incurred.
D. The Landlord wishes to adjust the rent terms of the lease to recognize the
additional costs and time incurred by the Tenant by adjusting their rental
schedule. Said rent schedule will recover all original lease payments including
interest at five percent (5%).
NOW THEREFORE, in consideration of the mutual covenants herein, the
parties agree that the lease is amended as provided herein.
1. The above Recitals are incorporated into and made part of the Amendment.
2. All references to section numbers herein shall mean sections of the lease
unless otherwise indicated.
3. All references to terms herein shall mean the terms of the Lease unless
otherwise indicated.
4. Paragraph I of the basic provisions of the Lease is amended as follows:
I. Fixed Minimum Rent: $4,665.00 per month.
5. Section 4.1 of the Lease is amended as follows:
4.1 Amount - During the Lease Term, Tenant shall pay Landlord without
prior demand, deduction, set-off, counter claim or offset, except as otherwise
specifically set forth in the Lease, the rent in this Lease in accordance with its
terms and conditions.
a. Fixed minimum rent will be at the monthly rate provided in Paragraph I
of the basic provisions, payable on the first day of each month during the
term. Fixed minimum rent shall commence upon August 1, 1993.
b. Effective August 1, 1993, the fixed minimum rent payable by the Tenant
for the next six months, shall be $1,295 per month rather than $4,665 per
month.
Effective February 1, 1994, the fixed minimum rent payable by the
Tenant for the next twelve months shall be $4,265 per month rather than
$4,665 per month.
Effective February 1, 1995, the fixed minimum rent payable by the
Tenant for the remainder of the Lease term shall be $4,665 per month.
EXECUTED as of the date first written above.
APPROVED AS TO FOR
ATTEST:
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Cheryl Joh n, gency Secretary
SAN JUAN CAPISTRANO
COMMUNITY REDEVELOPMENT
AGENCY
1-1
L,
VAQUERO WEST MERCANTILE
By ��Z�Rse3re—_
Tim Holsten, President