RESOLUTION NO. _____________

BOARD OF SUPERVISORS, COUNTY OF SAN MATEO, STATE OF CALIFORNIA

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RESOLUTION AUTHORIZING THE: 1) PRESIDENT OF THE BOARD TO EXECUTE A SECOND AMENDMENT TO LEASE AGREEMENT WITH HMB STONE PINE, LLC OF 2,730 SQUARE FEET OF OFFICE SPACE AT 80 STONE PINE ROAD, HALF MOON BAY, CALIFORNIA, WHICH EXTENDS THE EXPIRATION DATE TO JUNE 30, 2015 AT A MONTHLY BASE RENT OF $5,870.00 THROUGH JUNE 30, 2012 WITH ANNUAL INCREASES OF 3% THEREAFTER, AND ELIMINATES THE COUNTY’S RIGHT TO TERMINATE THE LEASE EARLY, AND 2) COUNTY MANAGER OR HIS DESIGNEE TO EXECUTE NOTICES, OPTIONS AND DOCUMENTS ASSOCIATED WITH THE SECOND AMENDMENT AND LEASE INCLUDING, BUT NOT LIMITED TO, EXTENSION OR TERMINATION OF THE LEASE UNDER THE TERMS SET FORTH THEREIN. (LEASE NO. 1267)

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RESOLVED, by the Board of Supervisors of the County of San Mateo, State of California, that

WHEREAS, on June 8, 2004, the County of San Mateo and HMB Stone Pine, LLC, as authorized by Resolution No. 66676, entered into a Lease Agreement for the lease of office space at 80 Stone Pine Road, Half Moon Bay, California; and

WHEREAS, on October 30, 2007, the County and Stone Pine, as authorized by Resolution No. 69079, entered into a First Amendment To Lease, which extended the term, modified the base rent, changed the early termination date and set forth ADA improvements to be completed by Landlord; and

WHEREAS, the County and Landlord desire to amend the lease to further extend the term, reduce the base rent and eliminate the early termination right; and

WHEREAS, there has been presented to this Board of Supervisors for its consideration and acceptance a Third Amendment to Lease Agreement which extends the term of the Lease to June 30, 2015, reduces the base rent from $6,951.00 to $5,870.00 per month through June 30, 2012 with annual increases of 3% thereafter, eliminates the county’s right to terminate the lease early, and is otherwise under the terms and conditions set forth in the Lease; and

WHEREAS, this Board has been presented with the Second Amendment to Lease Agreement and has examined and approved same as to both form and content and desires to enter into same.

NOW THEREFORE, IT IS HEREBY DETERMINED AND ORDERED that the President of this Board of Supervisors be, and is hereby, authorized and directed to execute said Second Amendment to Lease Agreement for and on behalf of the County of San Mateo, and the Clerk of this Board shall attest the President’s signature thereto; and

IT IS FURTHER DETERMINED AND ORDERED that the County Manager or his designee is hereby authorized to accept or execute on behalf of the County, any and all notices, options and documents associated with the Second Amendment and Lease including, but not limited to, extension or termination of the Lease under the terms set forth therein.

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