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6.1 E <br /> License A reement Ci Page 2 <br /> Term Current Pro osed <br /> Monthly Rent $81.72 per month effective $0.00 per month effective March 1, 2010 �, <br /> March 1, 2010. through April 30, 2011; thereafter$81.72 <br /> er month $0.06 er s uare foot . <br /> Amendments Only in writing and by mutual The City Council to authorize the City <br /> to the agreement between the City Manager or hislher designee to amend <br /> License Manager and the Licensee. the monthly rents, rent due dates, and <br /> CPI ad'ustments administrativel . <br /> ALTERNATIVES <br /> The Agency Board and City Council may choose to modify the proposed amendments <br /> to the Lease and License agreements with HD Food Service Inc. <br /> FISCAL IMPACT ' <br /> The lease rent of $8,022 total ($573 per month) owed by HD Food Service to the <br /> Agency per the current agreement will be lost between March 2009 through April 2011. <br /> The license rent paid by HD Food Service to the City will be reduced from $1,144 to $0 <br /> during the same period. <br /> _, <br /> :��- <br /> Je ie ung P icia J. Webb <br /> Redevel ment Proj t M, ria er onomic Development Coordinator <br /> \- <br /> , <br /> Jill as, AI P Peter C. Ingram <br /> P ning, Housing & Economic City Manager and xecutive Director, <br /> Development Director Redevelopment Agency <br /> ATTACHMENTS <br /> 1. Amendment No. 1 to Lease Agreement <br /> 2. Amendment No. 1 to License Agreement <br /> RELATED DOCUMENTS 1N CITY CLERK'S OFFICE <br /> 1. Lease Agreement— Lease Area 1 A—2202 Broadway <br /> 2. License Agreement— License Area 1A—2202 Broadway <br />