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Recorded. 10/12/71 <br />Book 7772, Page 862 <br />Document 928 <br />MEMORANDUM O1= AGREEMENT MODIFYING AMENDED LEASE <br />This Agreement is made September 21, 1971 by and between the City <br />of Redlands, herein designated as "Lessor" and TRI-CITY CONCRETE, <br />herein designated as "Lessee". <br />1. Parties hereto are the present Lessor and Lessee respectively <br />In that certain Amended Lease dated July 19, 1966, and under the terms <br />of said Amended Lease have negotiated and agreed to the rate of rental <br />and for the modification of lease terms as set forth herein. <br />2. It is agreed that the term of said lease shall be changed <br />from its present close of August 31, 1981 to June 30, 1981, <br />3. It is agreed that the five year rental periods set forth on <br />page 7 of the Amended Lease shall be changed from August 18, 1971 to <br />August 17, 1976 and August 18, 1976 to August 31, 1981, respectively <br />to July 1, 1971 to June 30, 1976, and July 1, 1976 to June 30, 1981. <br />4. It is agreed that the option granted the Lessee to renew <br />said lease for a further period of ten years shall also be changed <br />to conform to the aforesaid modified and extended rental period and <br />that the rate of rental to be paid for the period as extended shall <br />be for the periods respect i ;;ally :,f July 1, ifs i tihrccugh June 30, <br />1986 and July 1, 1986 through ;-ne- 30, :991. <br />5. The rate of rental to be pain by Lessee to Lessor for the <br />period of July 1, 1971 to June 30, 1976 shall be 3 cents per ton <br />for each and every ton of rock, gravel and sand and 0.6 cents for <br />each and every ton of subbase, fill or borrow, <br />IN WITNESS WHEREOF we have hereunto subscribed our signatures <br />this 30th day of September , 1971. <br />CITY OF REDLANDS <br />v <br />By <br />MAYOR <br />By <br />�,0 i� � clerk f <br />TRI-CITY CONCRETE <br />By ; �ii L� President <br />By _ Secretary_ <br />