CONTRACT 3364D Amendment 7
3364 :
FOURT11 ANIIENDMENT TLS P'ROPEIITY.MANAGEtYlEiNI' AGREEiML,Nl"BETWEEX THE
EL SEGUNDO SENTOR'(13TIZEN HOUSING CORPM4710N AND CADNbtN GROUP,A
CALIFORNIA CORPOP.&TION
This FOURTH AMENDMENT("Amendment")to the PROPERTY MANAGEMT-ENT
AGREEMENT BETWEEN TRE E1,,SEGUNDO SENIOR CITIZE^1NI HOUSING CORPORAIJON
AND NEIL R.CADMAN DBA CADMAN GROUP(since incorporated is,Cadman Groilp,Inc.,a
California Corporation)dated October 1,2004("Agree inent")is made and entered into this W. th
day of September,2017,by and between the El Segundo Senior Citi7cn Housing Corporation,a
California nonprofit public benefit corporation("Owrtee')and Cadman Group,Inc.,a California
Corporation ("Manager").
1. Section 1.4 or the Agreement is hereby amended to read as Follows-
1.4 TMNI
The term of this Agreement shall extend to and including October 31,2020,subject to
the provisions set forth in Section 19 regarding termination.
2. Section 15.1 of the A6qeement is hereby amended to read as follows:
15.1 FEE FOR MANAGEMENT SERVICES
For its proper performancc of all the services as set Forth herein,MANAGER will be paid the
fee of$14,500.00 per month. Management fees may be increased or otherwise modified in
subsequent years by written addenda to this Agreement.
3. This Amendment may be executed in any number or counterparts,each of which will be an
original,but all of which together constitute one instrument executed on the same date.
4. Except as ollicr%visc provided heroin,all terms and conditions of the Agreement shall remain in
full force and affect.
IN WITNESS REREOF,the parties hereto have affixed their respective signatures on the date
first hereinabove written.
El.SEGUNDO SENIOR CITIZENS CADMANTGOUPJNC.
HOU, NG CO ATION N 2 1 L R.r7h� I N PRESIDENT
Pre. *mat Neil R. Cadman
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