|
SECOND AMENDMENT TO MULTI -TENANT OFFICE LEASE — GROSS
<br />This Second Amendment ("Second Amendment") to the Multi -Tenant Office Lease -Gross
<br />("Lease"), dated May 23, 2012, is made and entered into this 6th day of December, 2021, by and
<br />between the City of Redlands, a municipal corporation and a general law city ("City"), and Bosman
<br />Wealth Management, LLC, a California limited liability company, successor in interest to RPM
<br />Insurance Services, Inc , ("Lessee") City and Lessee are sometimes herein referred to individually
<br />as a "Party" and collectively as the "Parties."
<br />RECITALS
<br />WHEREAS, on May 23, 2012, RPM Insurance Services, Inc , entered into a Multi -Tenant
<br />Office Lease -Gross with Redlands Community Investment Corporation, a California Corporation
<br />for the lease of approximately 1,225 square feet of space at 300 East State Street, Suite 438,
<br />Redlands, California, and
<br />WHEREAS, Bosman Wealth Management, LLC, a California limited liability company,
<br />successor in interest to RPM Insurance Services, Inc , and Redlands Community Investment
<br />Corporation amended that certain Multi -Tenant Office Lease -Gross with the First Amendment
<br />dated December 12, 2016, and
<br />WHEREAS, on September 21, 2021, City of Redlands and Redlands Community
<br />Investment Corporation entered into an Assignment and Assumption Agreement, wherein,
<br />Redlands Community Investment Corporation assigned and transferred to City of Redlands all
<br />right title and interest in, to and under the leases for 300 East State Street; and
<br />WHEREAS, it is the desire of the City and Lessee to amend the existing Lease, specifically
<br />with regard to the Option to Renew Lease and Base Rent;
<br />NOW, THEREFORE, for good and valuable consideration in the receipt of which is hereby
<br />acknowledge City and Lessee agree as follows
<br />AGREEMENT
<br />Section 1 Paragraph 1.5 of the Lease, entitled "Term" is hereby deleted and replaced with
<br />the following.
<br />"1 5 Term. Five (5) years commencing on January 1, 2022, ("Commencement Date") and
<br />ending on December 31, 2026 ("Renewal Term") "
<br />Section 2 Paragraph 1 6 of the Lease, entitled "Base Rent" is hereby deleted and replaced
<br />with the following
<br />"1 6 Base Rent. The monthly Base Rent during the Renewal Term shall be Three Thousand
<br />Three Hundred Sixty Nine Dollars ($3,369 00) per month payable on the lst of each month."
<br />1
<br />I:\Citrus Center 300 E State Street\Tenant Lease Agreements\Bosman Wealth RPM Insurance (Ste 438)\Rosman Wealth
<br />Second Amendment to Lease.City.2021.docx
<br />
|