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Reso25 16366
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Reso25 16366
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Last modified
11/12/2025 9:42:19 AM
Creation date
11/12/2025 9:42:06 AM
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Regular
Agency Type
City Council
Date
11/10/2025
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ATTY/RESO.0112/CC RESO.0112/CC RESO APPROVING THIRD AMENDMENT TO MASTER PROJECT AGREEMENT (YMCA PROJECT) – EXHIBIT A <br />REV: 11-06-25 VR <br />Page 4 of 39 <br />in the Master Agreement shall be deemed to refer to the Map of Project Site as amended hereby. <br />7. Amendment of Exhibit “C”: Common Area Construction Cost Allocation. The <br />following new paragraph is hereby added to the end of Exhibit “C” (Common Area Construction <br />Cost Allocation): <br />“Notwithstanding any other provision of the Agreement (including this Exhibit “C”) <br />to the contrary, costs incurred by each Party in connection with the construction, installation <br />and re-striping of any off-site parking spaces shall not be included for purposes of the Phase <br />2 Improvements cost reconciliation. Additionally, costs incurred by YMCA-SV in <br />connection with the installation of the Photovoltaic panels and related electrical <br />infrastructure in the West Parking Lot shall not be included for purposes of the Phase 2 <br />Improvements costs, and shall not be split 50/50 by the City and the YMCA-SV as Common <br />Area Construction Costs.” <br />8. Further Amendment of Exhibit “D”: Form of Ground Lease. The attached <br />Exhibit “D” (Amended Form of Ground Lease) hereby replaces and supersedes Exhibit “D”: <br />(Amended Form of Ground Lease) attached to the Second Amendment. Any and all references to <br />Exhibit “D” in the Master Agreement shall be deemed to refer to the Amended Form of Ground <br />Lease attached hereto. <br />9. Third Amendment to Exhibit E: Schedule of Performance. The attached <br />Exhibit “E” (Third Amended Schedule of Performance) hereby replaces and supersedes Exhibit <br />“E” (Second Amended Schedule of Performance)” attached to the Second Amendment. Any and <br />all references to Exhibit “E” in the Master Agreement shall be deemed to refer to the Third <br />Amended Schedule of Performance attached hereto. <br />10. Amendment of Purchase Agreement Effective Date. The New Effective Date <br />of the Purchase Agreement as set forth in the Second Amendment is hereby amended to be <br />_________________, 2025 (i.e. the same date as the Third Amendment Date), and such date shall <br />hereinafter be referred to as the “New Effective Date of Purchase Agreement.” Any and all <br />references and timeframes, which relate to and/or flow from the Effective Date in the Purchase <br />Agreement, shall hereafter pertain to the New Effective Date of Purchase Agreement, as amended <br />by this Third Amendment. For avoidance of doubt, the New Effective Date of Purchase <br />Agreement shall have no effect on the Purchase Price, nor the built-in price adjuster, as set forth <br />in Paragraph 2.1 of the Purchase Agreement. <br />11. Amendment of Exhibit I: Basic Common Area Maintenance and Operating <br />Principles. The attached Exhibit “I” (Amended Basic Common Area Maintenance, Utilities <br />and Operating Principles) hereby replaces and supersedes Exhibit “I” (Basic Common Area <br />Maintenance and Operating Principles) attached to the Master Agreement. Any and all references <br />to Exhibit “I” in the Master Agreement shall be deemed to refer to the “Amended Basic Common <br />Area Maintenance and Operating Principles attached hereto. <br />12. Ratification of Master Agreement; Inconsistencies. Except as otherwise <br />provided in this Third Amendment, the Master Agreement as amended by this Third Amendment <br />is hereby ratified, confirmed and approved in all respects. In the event of any inconsistences <br />between this Third Amendment and the Master Agreement, this Third Amendment shall control.
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