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03
City of Pleasanton
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CITY CLERK
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2013
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050713
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03
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5/1/2013 4:37:33 PM
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5/1/2013 4:37:32 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
5/7/2013
DESTRUCT DATE
15Y
DOCUMENT NO
03
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FOURTH AMENDMENT TO <br /> AGREEMENT PROVIDING FOR STABILIZATION <br /> OF MOBILEHOME SPACE RENTS <br /> ENTERED INTO OCTOBER 16, 2007 <br /> THIS FOURTH AMENDMENT TO AGREEMENT is entered into this 2nd day of May <br /> 2013 by and between the following parties: <br /> PLEASANTON HACIENDA I, LP, as owner of Hacienda Mobilehome Park, 3231 <br /> Vineyard Avenue, Pleasanton, (A.P.N. 946-1250-14-7), (hereinafter referred to as "Property <br /> Owner") and THE CITY OF PLEASANTON, a municipal corporation, (hereinafter referred to <br /> as "City"). <br /> RECITALS <br /> A. The parties entered into an Agreement Providing for Stabilization of Mobilehome Space <br /> Rents (Agreement) on October 16, 2007. <br /> B. The Agreement expired on December 31, 2012, but was extended by the parties pursuant <br /> to a First Amendment to Agreement for Stabilization of Mobilehome Space Rents entered into <br /> on December 26, 2012. <br /> C. The First Amendment to Agreement expired on February 28, 2013,but was extended by <br /> the parties pursuant to a Second Amendment to Agreement for Stabilization of Mobilehome <br /> Space Rents entered into on February 27, 2013, and a Third Amendment to Agreement for <br /> Stabilization of Mobilehome Space Rents entered into on March 29, 2013. <br /> D. The parties, with input and participation from the Residents' Agreement Committee, are <br /> actively negotiating a new agreement, but have not yet reached arrived at a resolution of all <br /> terms under consideration. <br /> E. The parties desire to extend the current Agreement for through May 2013 to allow the <br /> parties to continue their negotiations, subject to the terms set forth below. <br /> NOW, THEREFORE, in consideration of the faithful performance of the terms, conditions, <br /> covenants, and promises set forth herein, the parties agree to this Third Amendment to <br /> Agreement as follows: <br /> 1. The term of the current Agreement shall be extended through May 31, 2013. <br /> 2. For May 2013, rents shall be collected in the same manner as provided in the December <br /> 26, 2012 First Amendment to Agreement for the months of January and February 2013. <br />
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