PLEASANTON MOBILE HOME PARK LP - Laserfiche WebLink

AIWA SECOND A. WNDMENT TO AGREEMENT PROVIDING FOR STABILIZATION OF MOBILi;.110ME SPACE RENTS This Second Amcndmcnt to Agrrcmcr:t Providing for StabilicAtiun ofMobilchome Space hent,("Second Amend,7tcnt")is entered into this 6" &Y of-,De cie r-nr 2022 by PLEASANUON MiOBILE HOM ;-: PARI[. LP- a Cahfotnia limited p�nner.hi ,lsuccessor-111- interest to Vineyard Mobile I Torne V111a, LLC arld to Daniel Gupgcnbcirn) (`'Park Owner-)j and the CITY OF PLL-kSANUO',a municipa: cogN-iratlo.l ("City"). Rf.CrrAJ,s A. On OCA1h--- ?6, 2007. he ;'ark Chvrer and City entered into an A-reement P.oviding for Stahilization of M4obileho:nc Spacc Rents( .Agreement"'). 13. On March 2,2010, Clic Parr ONNner and City enteral into a First Amendment to the Agreement. C. Or March 2,2010, the Cl'y approved a vesting tentative tract map to subdivide tltr Vinc~yard �1��bile 1�'illa mobile home park (`'Park"}, lc►c atcd at 3263 Vineyard .Avenue, Pleasanton, Cali forma, into 208 air-space condomi.nitrm units (`.Tract 8062"). The Park O'Amcr flied a final map for Tract 8062 on Dc-LCMI cr 21, 2012. D- On March 8,2010,the Park Owner and City entered into a Settlement Agreemcnt Vineyard Mobile Villa Case Nos. VG09478808 and VG09478903 ("Settlerne:,t A{rccmcnt*'*;. E. I hC Settlement:lgreenlent provides in relevant pan, that the Park Owner's sale o1 the first lot in the Park to a resider: hu.;er C-C onvcrsion Date-) shat S he no earlier than Jantmry 1. 2020. 1�, The Park Owner and City vlsh to enter into this Second .Amendment in order to: extend tete tern of the A.urccmcnt for a period of 10 years;amend the provisions of the Agreement relating to rent increases UNrl a transfer of ownership; and provide that the Conve- - n Date shay. not take place during the term of the Agreernem. Noy&. there}ore, in exchange for valuablc consideration,the receipt o4 \vnl is:i is acrrby c.knou,lcd cd,the parties agree as follows: 1- Subscc;tion D of Section 1 V (Ren! !ncmascs Upon a Transfer ofOwner.-,-hip)of the \areemen:is amended and replace: ir. its entirety to read as follows- Upon pon a Transfer of Ownership amurring on or aftcr January 1, 2023,the [lark Owner may establish a new Monthly R_crt of S1.600- This amount shall be increased each year. acginning on January 1. 2024. by the Cost of Living or by 5%over the prior year's Monthly hent, whichever is greater. Sezond AmcndTrcnt