INLAND PACIFIC ADVISORS INC - Laserfiche WebLink

Home

THIRD AMENDMENT TO AGREEMENT FOR PROPERTY MANAGEMENT SERVICES (CALIFORNIA TOWER, SUITE 800 /GROUND FLOOR RETAIL) This Third Amendment to Agreement is made and entered into this day of November 2002, by and between the Redevelopment Agency for the City of Riverside, a public entity, hereinafter referred to as "Agency," and Inland Pacific Advisors, Inc., 5225 Canyon Crest Drive, Suite 360, Riverside, California 92507, hereinafter referred to as "Agent." RECITALS A. The parties hereto entered into an Agreement for Property Management Services (California Tower, Suite 800 /Ground Floor Retail) dated the 12` day of August 1998, ( "Agreement ") and an Amendment to Agreement dated the 8` day of September 1998 and a Second Amendment dated the 24` day of July 2001 wherein Agent agreed to provide Property Management Services to the California Tower premises located at 3737 Main Street, Riverside, California, 92501, B. The parties hereto desire to amend and extend said Agreement at the existing rates and as hereinafter provided. NOW THEREFORE, in consideration of the Agreements herein contained, the parties hereto agree to as follows: 1. The term of the Agreement shall be extended for the period of one year commencing the l day of July, 2002 through the 30 day of June 2003; 2. The monthly management fee shall remain unchanged for the term of the Agreement; 3. Section 9 of the Agreement, entitled " Indemnification ", is amended to add thereto the following two (2) paragraphs: "Agency shall, at Agency's sole cost and expense, indemnify, defend, and hold harmless Agent, its officers, shareholders, directors, agents, and employees and their respective heirs, personal representatives, successors and assigns (collectively, the "Indemnified Parties ") from any lawsuit, loss, liability, cost, damage, claim, attorney's fees or other expense (collectively, "Claims ") arising in whole or in part out of: (i) leases between Agency and tenant's of the Project; (ii) any accident or occurrence causing damage, injury of death to any person or MJS/ I /LDB / 10020 / 003 / does /Third.Amend.Prop.Manage.Agmt. RDA.doc 7