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HomeMy WebLinkAbout0005_5_PSA La Laguna - Exhibit D Amendment No. 1AMENDMENT NO. 1 TO AGREEMENT FOR OPERATIONAL MANAGEMENT OF LA LAGUNA RESORT AND BOAT LAUNCH THIS AMENDMENT NO. 1 TO AGREEMENT FOR OPERATIONAL MANAGEMENT OF LA LAGUNA RESORT AND BOAT LAUNCH ("Amendment No. I "), dated for identification purposes as of December 1, 2015, is made by and between the CITY OF LAKE ELSINORE, a municipal corporation (hereinafter referred to as "City") and WILLIAMS BAIT & TACKLE, INC., a California corporation, doing business as William's Bait, Tackle and Boat Rental (hereinafter referred to as "Operator"). RECITALS This Amendment No. 1 is made with reference to the following facts which are a substantive part hereof. A. City and Operator have entered into that certain agreement entitled "Agreement for Operational Management of La Laguna Resort and Boat Launch" dated as of June 1, 2015 (the "Original Agreement'). Except as otherwise defined herein, all capitalized terms used herein shall have the meanings set forth for such terms in the Original Agreement. B. Section 3.2 of the Original Agreement provides, in pertinent part, that "the City (acting through its City Manager) and Operator may, upon both party's mutual agreement, extend the term of this Agreement with respect to the Premises for one (1) six (6) month terms ...." C. The parties now desire to extend the term of the Original Agreement by six (6) months as provided in Section 3.2 of the Original Agreement. NOW, THEREFORE, in consideration of the mutual promises, covenants and conditions set forth herein, the parties hereto agree as follows; 1. Pursuant to Section 3.2 of the Original Agreement, City and Operator agree to extend the term of the Original Agreement by six (6) months. [Signatures on next page] First Amendment to La Laguna Operations Agrcement 0120415 2. Except for the changes specifically set forth herein, all other terms and conditions of the Original Agreement shall remain in full force and effect. IN WITNESS WHEREOF, the parties have executed this Amendment No. 1 on the respective dates set forth below. DATED: X02 — 5.- � , 2015 DATED: 1/�l , 2015 APPROVED AS TO FORM: 11A4 / Ctey Attorney First Amendment to La Laguna Operations Agreement 0120415 2 WILLIAMS BAIT & TACKLE, INC., a California corporation, doing business as WILLIAMS BAIT, TACKLE AND BOAT RENTAL By: William Johnson, P sident CITY OF LAKE ELSINORE, a municipal corporation by: Gra ates, City Manager