Approval of a Fourth Amendment to the Parking License Agreement with Century Wilshire Inc. for the Culver Hotel MEETING DATE: 03/14/11 AGENDA ITEM: REDEVELOPMENT AGENCY AGENDA ITEM: Approval of a Fourth Amendment to the Parking License Agreement with Century Wilshire Inc. for the Culver Hotel ATTACHMENTS Item Description 1 Fourth Amendment to Parking License Pages 1 2 FOURTH AMENDMENT TO PARKING LICENSE AGREEMENT This Fourth Amendment to the Parking License Agreement ( Fourth Amendment ) is entered into as of _____________ 2011 by and between CENTURY WILSHIRE INC. a California corporation ( Licensee ) whose principal place of business is 9400 Culver Boulevard Culver City California 90232 and THE CULVER CITY REDEVELOPMENT AGENCY a public body corporate and politic ( Licensor ). RECITALS A. Licensee owns and operates the Culver Hotel located at 9400 Culver Boulevard Culver City California 90232 (the Culver Hotel ) which does not have any on site parking. B. Licensee and Licensor entered that certain License Agreement ( Agreement ) effective August 11 2009 ( the Effective Date ) to provide for among other things a six month License to accommodate certain parking needs on behalf of the Culver Hotel. into C Licensee and Licensor entered into that certain First Amendment to License Agreement ( First Amendment ) effective February 1 2010. Pursuant to said First Amendment the License Term was extended by four (4) months to June 11 2010. Any capitalized term not otherwise defined herein shall have the meaning ascribed to such terms in the Agreement and First Amendment. D. Licensee and Licensor entered into that certain Second Amendment to License Agreement ( Second Amendment ) effective June 10 2010. Pursuant to said Second Amendment the License Term was extended to December 11 2010. Any capitalized term not otherwise defined herein shall have the meaning ascribed to such terms in the Agreement First Amendment and Second Amendment. E. Licensee and Licensor entered into that ...
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