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040 St <br /> THIRD AMENDMENT TO <br /> AGREEMENT PROVIDING FOR STABILIZATION <br /> OF MOBILEHOME SPACE RENTS <br /> ENTERED INTO OCTOBER 16, 2007 <br /> THIS THIRD AMENDMENT TO AGREEMENT is entered into this 31st day of March <br /> 2013 by and between the following parties: <br /> PLEASANTON HACIENDA If, LP, as owner of Hacienda Mobilehome Park, 3231 <br /> Vineyard Avenue, Pleasanton, (A.P.N. 946-1250-14-7), (hereinafter referred to as "Property <br /> Owner") and THE CITY OF PLEASANTON, a municipal corporation, (hereinafter referred to <br /> as "City"). <br /> RECITALS <br /> A. The parties entered into an Agreement Providing for Stabilization of Mobilehome Space <br /> Rents (Agreement) on October 16, 2007. <br /> B. The Agreement expired on December 31, 2012, but was extended by the parties pursuant <br /> to a First Amendment to Agreement for Stabilization of Mobilehome Space Rents entered into <br /> on December 26, 2012. <br /> C. The First Amendment to Agreement expired on February 28, 2013, but was extended by <br /> the parties pursuant to a Second Amendment to Agreement for Stabilization of Vobilehome <br /> Space Rents entered into on February 27, 2012. <br /> D. The parties, with input and participation from the Residents' Agreement Committee, are <br /> actively negotiating a new agreement, but have not yet reached arrived at a resolution of all <br /> terms under consideration. <br /> E. The parties desire to extend the current Agreement for through April 2013 to allow the <br /> parties to continue their negotiations, subject to the terms set forth below. <br /> NOW, THEREFORE, in consideration of the faithful performance of the terms, conditions, <br /> covenants, and promises set forth herein, the parties agree to this Third Amendment to <br /> Agreement as follows: <br /> 1. The term of the current Agreement shall be extended through April 30, 2013. <br /> 2. For April 2013, rents shall be collected in the same manner as provided in the December <br /> 26, 2012 First Amendment to Agreement for the months of January and February 2013. <br /> 3. Current in lieu capital improvement costs charges, as provided in section 2 of the <br /> December 26, 2012 First Amendment to Agreement, shall continue to be assessed. <br />