CONTRACT 1888A Amendment (Original Contract Number 1888)
AMENDME'N'T TO OPERATING AGREEMENT
This Amendment to Operating Agreement ("Amendment") is
entered into as of _ Al2ril 7 , 1992, by and between
the City of E1 Segundo ("City") and the E1 Segundo Senior Citi-
zens Housing Corporation ("Corporation") .
R E C I T A L S
This Amendment is made with reference to the following facts
and objectives:
A. WHEREAS, the City is the owner of certain real property
located at 615 East Holly Avenue in the City of El Segundo and
more particularly described in Exhibit "A" attached hereto.
B. WHEREAS, the City constructed on said real property a
senior citizen housing facility ("Facility") for the purpose of
providing safe, clean and economical housing for senior citizens.
C. WHEREAS, the City and Corporation entered into an
Operating Agreement ("Operating Agreement") on May 6, 1986 for
the operation and management of the Facility by the Corporation.
D. WHEREAS, the City has constructed a parking lot ("Park-
ing Lot") on said real property.
E. WHEREAS, the City and Corporation desire to enter into
this Amendment for the purpose of setting forth the terms and
conditions under which the Corporation shall operate and manage
the Parking Lot.
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NOW, THEREFORE, in consideration of the Recitals set forth
above, and for other valuable consideration, the receipt and
sufficiency of which are acknowledged hereby, the City and
Corporation hereto agree as follows:
1. The Corporation shall manage and operate the Parking
Lot according to all applicable terms and provisions for the
management and operation of the Facility contained in the Operat-
ing Agreement.
2. The use of the Parking Lot shall be restricted to
residents and on-duty staff of the Facility. The City reserves
the right to modify this policy in the future subject to the
limitation that residents and on-duty staff of the Facility shall
have priority for use of the Parking Lot.
3 . The Corporation agrees to maintain the surface area of
the Parking Lot in safe condition. This maintenance includes
required periodic repair, resurfacing and/or restripping of the
Parking Lot as specified by the City.
4. The Corporation shall be responsible for the mainte-
nance and repair of the electronic gate to the Parking Lot and
the fencing surrounding the Parking Lot.
5. The Corporation shall be responsible for the mainte-
nance and repair of the lighting structures located in the
Parking Lot area.
6. The Corporation shall provide outdoor custodial ser-
vices and trash removal for the Parking Lot area to insure that
the Parking Lot remains in safe and sanitary condition.
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7. The Corporation shall post signs to indicate parking
restrictions in the Parking Lot area as necessary.
B. All other provisions of the Operating Agreement not
inconsistent with the terms of this Amendment shall continue in
full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment
as of the date first set forth above.
CITY OF EL SEtUN O '
Mayor
EL SEGUNDO SENIOR CITIZENS
HOUSING CORPORATION
By 4L 4z
President
By r
Secretary
AT T:
City Clerk"` -'
SEAL
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