Loading...
CONTRACT 4240A Amendment CLOSEDAgreement No. 4240A FIRST AMENDMENT TO LICENSE AGREEMENT NO. 4240 BETWEEN THE CITY OF EL SEGUNDO AND LA MIRADA ARMADA THIS FIRST AMENDMENT ( "Amendment ") is made and entered into this 17th day of December, 2014, by and between the CITY OF EL SEGUNDO, a general law city and municipal corporation existing under the laws of California ( "CITY "), and LA MIRADA ARMADA, a non -profit organization ( "LICENSEE "). 1. Pursuant to Section 3 of License Agreement No. 4240 ( "License "), Section 3 of the Agreement is amended to extend the term of the License to December 31, 2016. 2. Section 5 of the License is amended to read as follows: "In exchange for the use of the facilities at Property, LICENSEE agrees to pay CITY a sum of $1,825 per month, based on the formula set forth in Exhibit A, for the term of this License. Exhibit A is incorporated as if fully set forth herein. For any additional hours beyond those included in the formula in Exhibit A, LICENSEE agrees to pay CITY a sum of $35 per hour for a full pool and $20 per hour for a partial pool for the term of this License." 3. 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. 4. Except as modified by this Amendment, all other terms and conditions of License Agreement No. 4240 remain the same. [SIGNATURES ON NEXT PAGE] Agreement No. 4240A [N WITNESS WHEREOF the parties hereto have executed this Amendment the day and year first hereinabove written. 0 Taxpayer ID No. 95-4758094 'my City lerk APPROVED AS TO FORM: MARK D. HENSLEY, City Attorney By: David City Attorney I Mi-jq(" Agreement No. 4240A EXHIBIT A $35 per hour for the full pool $20 per hour for partial pool Weekday 2 hours x $35 per hour = $70 per weekday Average number of weekdays in a month = 261/12 = 21.75 $70 x 21.75 = $1,522 aatorda 2 hours x $35 per hour = $70 per Saturday Average number of Saturdays per month = 52/12 = 4.33 $70 x 4.33 = $303 $1,522 + $303 = $1,825