Res 2021-029/Lease Amendment Seguin WIC

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FIRST LEASE MODIFICATION AND EXTENSION AGREEMENT BETWEEN SEGUIN COURT MAGEN LLC, as successor -in -interest to Seguin Court Plaza, LP, AS LANDLORD, and CITY OF SAN MARCOS- WOMEN, INFANTS, AND CHILDREN SUPPLEMENTAL NUTRITION PROGRAM, AS TENANT, for Premises in SEGUIN COURT PLAZA, 550 N. HWY 123 BYPASS, SUITE 160, SEGUIN, TEXAS 78155. It is agreed by and between the hereinabove named parties that the Lease Agreement dated June 27, 2016, is a valid and existing lease agreement, and supplemented by this Amendment; and That in the event of any conflict between the terms, conditions, and provisions of said Lease Agreement and of this Amendment, the provisions of this Amendment shall control; and It is expressly agreed and understood by and between Lessor and Lessee that the following language be added to the Lease Agreement: TERM: The Lease term shall be extended for a Sixty (60) month period beginning September 1, 2021 and ending August 31, 2026. RENTAL: Effective September 1, 2021 through August 31, 2022 the minimum base rent shall be $1,377.10 per month. Effective September 1, 2022 through August 31, 2023 the minimum base rent shall be $1,459.73 per month. Effective September 1, 2023 through August 31, 2024 the minimum base rent shall be $1,559.73 per month. Effective September 1, 2024 through August 31, 2025 the minimum base rent shall be $1,659.73 per month. Effective September 1, 2025 through August 31, 2026 the minimum base rent shall be $1,759.73 per month. [SIGNATURES ON FOLLOWING PAGE]