CONTRACT 5980A Amendment CLOSEDAgreement No. 5980A
FIRST AMENDMENT TO
J';' REIMBURSEMENT AGREEMENT NO. 5980 BETWEEN
w THE CITY OF EL SEGUNDO AND
141 EUCALYPTUS, LLC.
THIS FIRST AMENDMENT ("Amendment") is made and entered into this �� day of Jon , 202'1,
by and between the CITY OF EL SEGUNDO, a general law city and municipal corporation existing
under the laws of California, and 141 EUCALYPTUS, LLC., a California limited liability company.
The parties agree as follows:
Pursuant to Section 17 of Reimbursement Agreement No. 5980 ("Agreement"), the
parties desire to amend sections 1a, 2, 3a, and 3c of the Agreement as follows:
Section 1a: The Applicant/Developer has requested approval of a Community
Benefits Plan application to demolish an existing building and
construct a new 7,000 square -foot office building at 141 Eucalyptus
Drive (the "Project").
Section 2: City Reimbursement. Applicant/Developer agrees to fully reimburse
the City for the Project Costs. City has estimated the initial Project
Costs as being $50,000. However, the Applicant/Developer
acknowledges that the actual amount of such Project Costs may be
different, the Applicant/Developer agrees to reimburse the City for
the full amount of the actual costs of such project Costs in the
manner provided in this Agreement. City will provide
Applicant/Developer with an accounting of the project Costs on a
monthly basis, which accounting the Applicant/Developer agrees will
be conclusive, in the absence of manifest error. The total cost of the
Project Costs, as disclosed by the accounting, is called the
"Reimbursement Amount."
Section 3a: Initial Deposit. Except as provided below, upon execution of this
Agreement, Applicant/Developer agrees to deposit with City $20,000
("Deposit Amount") which represents approximately 40 percent of
the total estimated initial Reimbursement Amount. This Deposit
Amount is in addition to a previous deposit of $10,000 made by
Applicant/Developer. Costs associated with the Project will be
charged against the deposit amount.
Section 3a: Replenishment Deposit. Whenever the Deposit Amount balance
falls below $5,000, the City may request the Applicant/Developer to
replenish the amount ("Replenishment Deposit").
Applicant/Developer agrees to deliver a Replenishment Deposit to
City within 10 business days following the City's request.
City of El Segundo Amendment
Page 1
Agreement No. 5980A
2, This Amendment may be executed in any number of counterparts, each of which will
be an original, but all of which together constitutes one instrument executed on the
same date.
3. Except as modified by this Amendment, all other terms and conditions of Agreement
No. 5980 will remain the same.
IN WITNESS WHEREOF the parties hereto have executed this Amendment the day and
year first hereinabove written.
CITY,. F EL SEGUND 141 EUCALYPTUS LLC
A municipal corporati A California Limited Liability Company
S of itnick„ City Manager R+ � Member
c�vA Cc t t � nSo�1l 1 MCWL�c✓
ATTES
Tracy Weaver,
City Clerk
APPROVED AS TO FORM.:
� for
Mark D. Hensley,
Clty Attorney
City of El Segundo Amendment
Page 2
Agreement No. 5980A
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
CIVIL CODE § 1189
State ofCalifornia
Date Name and Title of the Officer
personally appeared
Name(s) of Signer(s)
81
0i7o,mission
;,' 2282582
702
who proved to ma on the basis of satisfactory
evidence
subscr�bed to the within instrument and ackn67vledged
to me that he/she/they executed the same in
his/her/their authorized capacity(ies), and that by
hisr/h,er/f_h6,jr signature(s) on N6_)nstrurnent the
person(s), or the entit� upon behalf of which the
person(�q acted, executed the instrument.
| certify under PENALTY OFPERJURY under the laws
of the State of California that the foregoing paragraph
|atrue and correct.
WITNESS my hand and, official seal.
Place Notary Seal Above Signature: /C
Si ture tai- Public
OPTIONAL l
Though this section iyoptional, completing this information can deter aftefadomofthedocument or
fraudulent reattachment ofthis form boanunintended document.
Description ofAttached Document
Title or Type of Document:
Document Date:
Number of'Pag�es: — Signer(s) Other Than Named Above:
0mpmody(iee) Claimed bySigner(s)
Signer's Name:
ElCorporate Officer --Tit|e(s):
UPadner-- [�Umitmd O(Senera|
O Individual O Attorney in Fact
OTiustaa O Guardian or Conservator
OOther:
Signer |oRepresenting:
Signer's Name:
UCorporate Officer— Tit|o(s):
UPmdnmr-- OUmited EQenena|
[] Individual OAttorney in Fact
El Trustee Guardian mrConservator
J Other:
Signer Is Representing:
@2O18National Notary AneooiuUon°www.Nationalloturyurg°1-B0'USNOTARY (1-8OO'87O'O827) bem#5807