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No. 1650 approving the execution of an addendum to the lease dated 11/16/98 between SBRC and the SBRA for the Blackthorn Golf Course Project
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No. 1650 approving the execution of an addendum to the lease dated 11/16/98 between SBRC and the SBRA for the Blackthorn Golf Course Project
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10/18/2012 2:15:48 PM
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2. Section 4 of the Lease is amended to read as follows: <br />Section 4. Rental Payment Dates and Amounts. The next <br />ce semiannual rental installment in the amount of Two Hundred Thirteen <br />Thousand and 00 /100 Dollars ($213,000) shall be due on February 25, 1999. <br />Thereafter such rentals shall be payable in advance in semiannual <br />installments on February 25 and August 25 of each year as provided for in the <br />lease payment schedule attached hereto as Exhibit C. The last semiannual <br />rental payment due before the expiration of this Lease shall be adjusted to <br />provide for rental at the amount specified above for the applicable <br />semiannual period prorated from the date such installment is due to the date <br />of the expiration of this Lease (without taking into account any subsequent <br />early termination of this Lease pursuant to Section 2 hereof). <br />N <br />3. The Lease is amended to include the following as Exhibit C: <br />EXHIBIT C <br />LEASE PAYMENT SCHEDULE FOR <br />BLACKTHORN GOLF COURSE LEASE <br />Payment Date <br />02 -25 -99 <br />08 -25 -99 <br />02 -25 -00 <br />08 -25 -00 <br />02 -25 -01 <br />08 -25 -01 <br />02 -25 -02 <br />08 -25 -02 <br />02 -25 -03 <br />08 -25 -03 <br />02 -25 -04 <br />08 -25 -04 <br />02 -25 -05 <br />08 -25 -05 <br />02 -25 -06 <br />08 -25 -06 <br />02 -25 -07 <br />08 -25 -07 <br />02 -25 -08 <br />08 -25 -08 <br />02 -25 -09 <br />::ODMA\PCDOCS \SBDOCS 1 \26394\ 1 <br />-2- <br />Amount <br />213,000 <br />223,000 <br />223,000 <br />235,500 <br />235,500 <br />264,000 <br />264,000 <br />288,500 <br />288,500 <br />314,000 <br />314,000 <br />323,500 <br />323,500 <br />321,500 <br />321,500 <br />322,000 <br />322,000 <br />323,000 <br />323,000 <br />328,500 <br />328,500 <br />
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