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02
City of Pleasanton
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5/29/2013 12:44:22 PM
Creation date
5/29/2013 12:44:20 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
6/4/2013
DESTRUCT DATE
15Y
DOCUMENT NO
02
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Attachment 1 <br /> FIFTH AMENDMENT TO AGREEMENT <br /> PROVIDING FOR STABILIZATION OF <br /> MOBILEHOME SPACE RENTS <br /> ENTERED INTO OCTOBER 16, 2007 <br /> THIS FIFTH AMENDMENT TO AGREEMENT is entered into this 31st 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, a Third Amendment to Agreement for <br /> Stabilization of Mobilehome Space Rents entered into on March 29, 2013, and a Fourth <br /> Amendment was entered into on May 2, 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 July 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 Fifth Amendment to <br /> Agreement as follows: <br /> 1. The term of the current Agreement shall be extended through July 31, 2013. <br /> 2. For June and July 2013, rents shall be collected in the same manner as provided in <br /> December 26, 2012 First Amendment to Agreement for the months of January, February, March, <br /> April and May 2013. <br />
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