2022/11/02 Verduzco Family Investment Group, LLC Amendment to lease Agreement - Notice of Lease Terms
AMENDMENT TO LEASE AGREEMENT
September 16, 2022
Notice of Lease Terms
This Amendment is an addendum to the Lease Agreement (“Lease”) dated June 1, 2017 by and
between Verduzco Family Investment Group LLC as successor-in-interest to Donald G. Hobbs &
Mary Lou Hobbs, Living Trust (“Lessor”) and City of Menifee (“Lessee”), covering Premises identified
as 28115 Bradley Road, #4, Menifee, CA 92586. (“Premises).
The following Paragraph numbers, Subparagraph numbers and Exhibits correspond to the
respective Paragraph numbers, Subparagraph numbers and Exhibits in the Lease Agreement or
are additional Paragraph numbers, Subparagraph numbers and Exhibits to be incorporated into
the Lease Agreement. Lessor and Lessee hereby agree to amend the terms of the Lease and
confirm the following:
1.3 Term: The term of the Lease shall extend for a five (5) year period commencing January 1,
2023 and ending December 31, 2027.
52. Base Rent Schedule for extended term:
January 1, 2023 through December 31, 2023; $1,352 plus NNN
January 1, 2024 through December 31, 2024; $1,366 plus NNN
January 1, 2025 through December 31, 2025; $1,379 plus NNN
January 1, 2026 through December 31, 2026; $1,393 plus NNN
January 1, 2027 through December 31, 2027; $1,407 plus NNN
Except as modified or changed herein, all other terms and conditions of the Lease shall remain
in full force and effect during the term of the Lease.
LESSOR: Verduzco Family Investment Group LLC
By: ______________________________
Ramon Verduzco, Managing Member
LESSEE: The City of Menifee APPROVED AS TO FORM
By: ______________________________ By: ______________________________
Armando G. Villa, City Manager Jeffrey Melching City Attorney
DocuSign Envelope ID: A4E26673-31FE-4D25-AD6A-A97825391620
11/2/2022
11/2/2022