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ORDINANCE NO. P-288 ORDINANCE OF THE BOARD OF PORT COMMISSIONERS OF THE CITY OF REDWOOD CITY APPROVING AND AUTHORIZING EXECUTION OF FIRST AMENDMENT TO LEASE AGREEMENT WITH CLEAN HARBORS ENVIRONMENTAL SERVICES, INC. BE IT ORDAINED BY THE BOARD OF PORT COMMISSIONERS OF THE CITY OF REDWOOD CITY, AS FOLLOWS: Section 1. Public hearing having been duly noticed for, and held on January 26, 2022, on the question of approval of the first amendment (the "First Amendment") to the lease agreement dated April 13, 2011, as modified (the "Lease Agreement"), and pursuant to the provisions of Section 48 the Charter of the City of Redwood City, the Board of Port Commissioners of the City of Redwood City (this "Board") does hereby approve that certain First Amendment to Lease Agreement entitled "First Amendment to Lease Agreement — Clean Harbors Environmental Services, Inc." by and between the City of Redwood City, acting by and through its Board of Port Commissioners ("Port"), and Clean Harbors Environmental Services, Inc. ("Tenant"), which First Amendment provides in part that the premises which are subject to the Lease Agreement (the "Premises") are located at 695 Seaport Blvd., in the City of Redwood City, County of San Mateo, State of California, and which Premises are generally described and depicted on Attachment "A," attached hereto. The term of the First Amendment is Five (5) years (the "Extended Period"; April 1, 2021 to March 31, 2026) with one (1) additional Five (5) year option to extend the term of the Lease Agreement (the "Second Extended Period") under the same terms and conditions except that the rent for the third extension shall continue to increase annually by 4% on each yearly anniversary date. Port Ord P-288 - Clean Harbors. 1 Form dated 01 04 22 FXS 01 12 22 Agenda