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INLAND PACIFIC ADVISORS
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5/9/2008 9:45:51 AM
Creation date
4/23/1998 3:12:32 PM
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Contracts
General 2 - Date
3/24/1998
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Amendment to <br /> <br /> Agreement for Professional Facilities Management Services <br /> <br /> (Property Management Services for California Tower) <br /> <br /> This Amendment is made and entered into this 30th day of lqarch , 1998, by and <br /> between the Redevelopment Agency of the City of Riverside, a public entity, hereinafter <br /> referred to as "Agency," and Inland Pacific Advisors, Inc., 5552 Canyon Crest Drive, Suite <br /> 360, Riverside, CA, 92507, a California corporation, hereinafter referred to as "Manas:er". <br /> <br /> WITNESSETH: <br /> <br /> WHEREAS, on March 13, 1996, the Agency and Manager entered into an Agreement <br /> for Professional Facilities Management Services (the "Agreement"). <br /> <br /> WHEREAS, pursuant to Exhibit "B" of the Agreement, Manager's Property <br /> Management Fee was to be based upon a term commencing April 1, 1996 through March 31, <br /> 1998. <br /> <br /> WHEREAS, effective July 1, ! 998, the State of California has informed the Agency <br />that they shall take over the management of California Tower, with the exception of the <br />ground floor. <br /> <br /> WHEREAS, it is now necessary to extend the Agreement until June 30, 1998. <br /> <br /> WHEREAS, Manager has affirmed its willingness and ability to perform such work; <br /> <br /> NOW THEREFORE, Agency and Manager agree to amend Exhibit "B" of the <br />Agreement as follows: <br /> <br />1. Manager's Property Management fee for managing the California Tower building, <br />based upon a term commencing April 1, 1996 through June 30, 1998, shall be paid on a <br />monthly basis for the remainder of the term at the rate of $5090 per month. Manager's <br />Property Management fee for managing the Annex (the office portion of the building located <br />at 3780 Market Street) shall be paid c,n a monthly basis for the remainder of the term at the <br />rate of $200 per month. <br /> <br />2. All other terms and conditions of the Agreement and Exhibits attached thereto shall <br />remain the same. <br /> <br />IN WITNESS WHEREOF Agency and Manager have caused this Amendment to be duly <br />executed on the day and year first above ,,w"i[ten. <br /> <br /> 5-oq H-q~ <br /> <br /> <br />
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