Agmt 2015 San Leandro Sailing Club Inc

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AMENDMENT TO LEASE THIS AMENDMENT TO THE LEASE AGREEMENT is made at San Leandro, California, as of Septe'4er 0,2015,by and between the CITY OF SAN LEANDRO, a municipal corporation("City"), and SAN LEANDRO SAILING CLUB, INC., dba Spinnaker Yacht Club of San Leandro("Lessee"). RECITALS 1. That certain lease of the premises in the City of San Leandro, State of California, entered into between the parties hereto on August 9, 1971, and amended on May 6, 1974, August 5, 1974,May 5, 1975, October 12, 1987,August 5, 1996,November 6, 2000 and September 4, 2007 (the"Lease") is hereby amended to extend the term of the Lease,to provide for Lease termination by the City, and to eliminate the requirement of Lessee to pay a percentage rental fee equal to 10%of the gross annual membership income as of January 1,2016; and 2. In 2005,the City began efforts to redevelop the Shoreline area, which included the Spinnaker Yacht Club site. In 2008,the City entered into an Exclusive Negotiating Rights Agreement with Cal-Coast Development and began working with a Citizens Advisory Committee to determine the appropriate mix of development to serve the community and compliment current uses. As of the date of execution of this amendment,the proposed Shoreline Development Project includes an Aquatic Center at the location of the current Spinnaker Yacht Club. Specifics regarding the building design and users of the Aquatic Center have yet to be determined. Construction is scheduled to begin in January 2017. Therefore,the City wishes to reserve the right to terminate the Lease on 6 months' notice to Lessee;