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1996-040-Approving Extension Of The Rental Agreement With The Chrysler Reality CorporationRESOLUTION 1996 - 40 RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS APPROVING EXTENSION OF THE RENTAL AGREEMENT WITH THE CHRYSLER REALTY CORPORATION WHEREAS, the Town of Los Gatos entered into a rental agreement for the property at 620 Blossom Hill Road for use in set construction for a community- oriented Halloween event in 1995; and, WHEREAS, the rental agreement covered the period of September 6, 1995 through November 5, 1995; and, WHEREAS, the Chrysler Realty Corporation has offered to extend the rental agreement on a month -by -basis at no additional charge; and, WHEREAS, the use of the building is needed to store sets, costumes, and other items gathered by the Volunteers In Policing, and may be used for the VIP Annual Rummage Sale; NOW, THEREFORE, BE IT RESOLVED, by the Town Council of the Town of Los Gatos, County of Santa Clara, State of California, that the Town agrees to the extension of the rental agreement with the Chrysler Corporation, as described in Exhibit A. PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los Gatos, California, held on the 15th day of April, 1996 by the following vote: COUNCIL MEMBERS: AYES: Steven Blanton, Linda Lubeck, Patrick O'Laughlin, Mayor Randy Attaway NAYS: None ABSENT: Joanne Benjamin ABSTAIN: None SIGNED: MAYOR OF E TOWN OF OS GATOS LOS GATO , CALIFORNI ATTEST: CLERK OF THE TOWN OF L S ATOS LOS GATOS, CALIFORNIA Chrysler Realty Corporation ZONE OFFICE: 8701 N.E. 54th Street Suite N -15 Vancouver, WA 98662 Phone: (360) 260 -8155 Fax: (360) 256 -8816 October 24, 1995 Ms. Gwen Cross Los Gatos Police Department The Town of Los Gatos 110 E. Main Street Los Gatos, CA 95032 Dear Gwen: OREM TOWN CLERK AG R: 7. L;/ 9 IHH: J_U T1 R �f% E& RIO:— The Lease Agreement dated August 30, 1995 by and between Chrysler Realty Corporation, as Landlord, and The Town of Los Gatos, CA, as Tenant, currently provides in paragraph 2 that the lease term shall terminate on November 5, 1995. Landlord agrees that the lease is extended on a month to month basis, provided, however, that Landlord has the right to terminate the lease and Tenant shall vacate the premises upon Landlord giving Tenant thirty (30) days written notice. This agreement shall not in any way void or negate any of the other terms of the Lease Agreement, and in all respects shall remain in force and effect. The continued possession of Tenant on the premises covered by the Lease Agreement shall be evidence that Tenant agrees to this modification. In the event that Tenant desires to terminate the lease, either by the 5th of November, or at any time thereafter, please contact the undersigned so that an orderly transition can be accomplished and the building secured. We would request that Tenant give Landlord at least two weeks notice of the desire of Tenant to terminate their possession under the Lease Agreement. I am sorry that I will not be able to be in Los Gatos on Halloween, however, I hope that the event is successful. If you have any questions, please contact me at your convenience. `1 Sine Don H. Laux Zone Real Estate Manager 1450 W Long Lake Road Suite 280 Troy MI 48098 810 952 1200 FAX 810 952 1230