CONTRACT 3364C Amendment 3364
THIRD AMENDMENT TO PROPERTY MANAGEMENT AGREEMENT BETWEEN THE
EL SEGUNDO SENIOR CITIZEN HOUSING CORPORATION AND CADMAN GROUP,A
CALIFORNIA CORPORATION
This THIRD AMENDMENT("Amendment")to the PROPERTY MANAGEMENT
AGREEMENT BETWEEN THE EL SEGUNDO SENIOR CITIZEN HOUSING CORPORATION
AND NEIL R. CADMAN DBA CADMAN GROUP(since incorporated as Cadman Group, Inc., a
California Corporation)dated October 1,2004("Agreement") is made and entered into this 24th day
of September,2014,by and between the El Segundo Senior Citizen Housing Corporation, a California
nonprofit public benefit corporation ("Owner") and Cadman Group, Inc., a California Corporation
("Manager").
1. Section 1.4 of the Agreement is hereby amended to read as follows:
1.4 TERM
The tern of this Agreement shall extend to and including October 31,2017, subject to
the provisions set forth in Section 19 regarding termination.
2. Section 15.1 of the Agreement is hereby amended to read as follows:
15.1 FEE FOR MANAGEMENT SERVICES
For its proper performance of all the services as set forth herein, MANAGER will be paid the
fee of Thirteen Thousand Dollars ($13,000.00)per month. Management fees may be increased
or otherwise modified in subsequent years by written addenda to this Agreement.
.31. 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.
3. Except as otherwise provided herein, all terms and conditions of the Agreement shall remain in
full force and effect.
IN WITNESS HEREOF, the parties hereto have affixed their respective signatures this 24th
day of September, 2014.
EL SEGUNDO SENIOR CITIZENS CADMAN GROUP, INC.
PORATION NEIL R. C MA PRE IDENT
Prexds t Neil R. Cadman
( VJ
Chief Financia fficer Taxpayer ID