HomeMy WebLinkAbout25L084 - Goldenvoice, LLCCONTRACT ABSTRACT
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Contract Abstract Form Rev
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Non-Exclusive Operating and Lease Agreement
Goldenvoice, LLC
Christina Azada
christinaa@goldenvoice.com
Promotion, marketing, and sales of merchandise for Coachella.
$6,430.27 monthly rent / 20% commission of gross sales
April 1, 2025 through April 30, 2025
See Attached - Not for Public Disclosure
Chad Holden
Christina Azada, Christinaa@goldenvoice.com
Aviation
Lowell Valencia-Miller/3837
3/27/2025 (Item No. 1O)
25L084
N/A
Yes
Yes
Yes
Department
No
No
April 8, 2025 Lowell Valencia-Miller
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GOLDENVOICE, LLC 25L084
NON-EXCLUSIVE OPERATING AND LEASE AGREEMENT
FOR TERMINAL USE SPACE AT
PALM SPRINGS INTERNATIONAL AIRPORT
THIS LEASE (“Lease”) is made and entered into this 1st day of April, 2025, by and
between the CITY OF PALM SPRINGS, a municipal corporation (“Lessor” or “City”), and
Goldenvoice, LLC, a limited liability company (“Lessee”). City and Lessee may herein be
referred to individually as a “Party” and collectively as “Parties.”
R E C I T A L S:
A.Lessor desires to lease terminal use space at Palm Springs International Airport
(“Airport”) to operate a Commercial Aeronautical Activity, which services includes
promotion of local events and sales of event merchandise.
B.Lessee produces and promotes music concerts, festivals, and events including the
Coachella Valley Music & Arts Festival (the “Coachella Festival”).
C.City believes that the travelers using the City’s airport terminal would benefit from
these community related activities.
NOW THEREFORE, City and Lessee mutually agree as follows:
AGREEMENT
1.0 LEASE SUMMARY. Certain fundamental lease provisions are presented in this
Section and represent the agreement of the parties hereto, subject to further definition
and elaboration in the respective referenced Sections and elsewhere in this Lease. In the
event of any conflict between any fundamental lease provision and the balance of this
Lease, the latter shall control. References to specific Sections are for convenience only
and designate some of the Sections where references to the particular fundamental lease
provisions may appear.
1.1 Demised Premises. The “Demised Premises” shall refer to that
certain property consisting of 580 square feet of retail space located in the Palm Springs
International Airport Terminal Building and particularly described in Exhibit “A” attached
hereto.
1.2 Lease Term. The term of this lease shall commence on April 1, 2025
and shall terminate on April 30, 2025 (“Lease Term”).
1.3 Reserved.
1.4 Lease Rental Payments. The rent for the Demised Premises is at a
Rate of $133.04 per square foot per annum for retail space, paid in monthly increments
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of $6,430.27 due on the first day of each month. For clarity, since this is a one-month
Lease Term, the total lease rental payment shall be $6,430.27 for the Lease Term unless
it is modified between the parties. In consideration for permitting Lessee the right to sell
community event merchandise including any merchandise related to the Coachella
Festival or other events Lessee promotes or produces during the lease term and such
sales on Airport property by Lessee shall occur only within the Demised Premises.
Lessee shall remit to Lessor a commercial service fee of 20% of gross sales (“Commercial
Service Fee”). Remittance shall be due by the fifteenth (15th) day of the month following
the last month of the Lease term. Lessee shall furnish Lessor a report showing a summary
of transactions by merchandise inventory number, also known as a SKU.
1.5 Extension Options. Extension options in this lease as noted in Section
1.3.
1.6 Security Deposit. N/A
1.7 Use of Premises. Lessee shall use and occupy the Premises for the
purpose of promotion of local events and sales of event merchandise related to the
Commercial Aeronautical and community related activities only.
Lessor: City of Palm Springs
Attn: City Manager
3200 E. Tahquitz Canyon Way
Palm Springs, CA 92262
Cc: Palm Springs International Airport
3400 E. Tahquitz Canyon Way, Suite 1
Palm Springs, CA 92262
2.0 TERM
2.1 Term. The term of this Lease shall commence on the date specified
in Section 1.2 (“Commencement Date”) and shall continue for the period specified therein
unless earlier terminated as provided herein.
2.2 Reserved.
2.3 Time. Time is of the essence of this Lease.
2.4 Force Majeure. If either party hereto shall be delayed or prevented
from the performance of any act required hereunder by reason of acts of God, strikes,
lockouts, labor troubles, inability to procure materials, restrictive governmental laws or
regulations or other cause without fault and beyond the control of the party obligated
(financial inability excepted), performance of such act shall be excused for the period of
the delay and the period for the performance of any such act shall be extended for a
period equivalent to the period of such delay, provided such party provides the other party
written notice of such event within ten (10) days of the commencement of the prompt
payment of any rental or other charge required of Lessee hereunder except as may be
expressly provided elsewhere in this Lease.
2.5 Termination by Lessor. Lessor shall have the right to terminate this
Lease by providing Lessee with at least thirty (30) days advance written notice. If Lessor
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terminates this Lease as provided in this Section, Lessee hereby waives any right to
receive any other compensation from Lessor, including, but not limited to, the value of
Lessee’s leasehold interest, loss of goodwill and relocation benefits, inverse
condemnation or the taking of property and Lessor shall have no obligation to pay Lessee
therefor.
2.6 Holding Over. Any holding over with the consent of Lessor, express
or implied, shall be construed to be a tenancy from month -to-month, cancelable upon
thirty (30) days’ written notice, and at a monthly rental equal to one hundred and fifty
percent (150%) of the monthly rental in effect at the expiration of the contract services
agreement, unless otherwise agreed to between the Parties.
2.7 Termination by Lessee. Lessee shall have the right to terminate this
Lease by providing Lessor with at least thirty (30) days advance written notice. If Lessee
terminates this Lease as provided in this Section, Lessee hereby waives any right to
receive any other compensation from Lessor, including, but not limited to, the unamortized
value of Lessee’s leasehold improvements, Lessee’s leasehold interest, loss of goodwill
and relocation benefits, inverse condemnation or the taking of property and Lessor shall
have no obligation to pay Lessee therefor.
3.0 RENTAL
3.1 Monthly Rental. Lessee shall pay to Lessor, during the term of this
Lease from and after the Commencement Date, as monthly rental (“Monthly Rental”) for
the Premises the sum specified in Section 1.4 hereof, which sum shall be paid in advance
on the first day of each calendar month or as otherwise agreed to between the Parties. In
the event the Commencement Date does not occur on the first day of a calendar month,
the Lessee shall pay the rental for the fractional month on the Commencement Date on a
per diem basis calculated on a thirty (30) day month. All rental to be paid by Lessee to
Lessor shall be in lawful money of the United States of America and shall be paid without
deduction or offset, prior notice or demand, at the address designated in Section 1.7
hereof.
3.2 Rental Adjustment. Rental adjustment are as specified in Section
1.4.
3.3 Additional Rental. For the purposes of this Lease, all monetary
obligations of Lessee under this Lease, including but not limited to, insurance premiums,
property taxes, maintenance expenses, late charges and utility costs shall be deemed to
be additional rental.
3.4 Real Property Taxes. Unless Lessee qualifies for an exemption, in
addition to all rentals herein reserved, Lessee shall pay, at the election of Lessor, either
directly to the taxing authority or to Lessor, annual real estate taxes and assessments
levied upon the Premises (including any possessory interest taxes), as well as taxes of
every kind and nature levied and assessed in lieu of, in substitution for, or in addition to,
existing real property taxes. Such amount shall be paid on the date that is twenty (20)
days prior to the delinquent date or, if Lessor receives the tax bill, ten (10) days after
receipt of a copy of the tax bill from Lessor, whichever is later. Even though the term of
this Lease has expired and Lessee has vacated the Premises, when the final
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determination is made of Lessee’s share of such taxes and assessments, Lessee shall
immediately pay to Lessor the amount of any additional sum owed.
3.5 Personal Property Taxes. Unless Lessee qualifies for an exemption
from property taxes or possessory interest taxes due to its non -profit status, during the
term hereof, Lessee shall pay, prior to delinquency all taxes assessed against and levied
upon fixtures, furnishings, equipment and all other personal property of Lessee contained
in the Premises, and when possible Lessee shall cause said fixtures, furnishings,
equipment and other personal property to be assessed and billed separately from the real
property of Lessor.
3.6 Utilities. All cost of water, gas, heat, electricity, and sewer services
used in, upon, or about the Demised Premises shall be paid by the City. Lessee shall pay
all telephone, internet, cable television, satellite, broadband and other
telecommunications services.
3.7 Late Payment. Lessee hereby acknowledges that late payment by
Lessee to Lessor of rental or other sums due hereunder will cause Lessor to incur costs
not contemplated by this Lease, the exact amount of which is extremely difficult to
ascertain. Such costs include, but are not limited to, processing and accounting charges.
Accordingly, any payment of any sum to be paid by Lessee not paid within ten (10) days
of its due date, shall be subject to a five percent (5%) late charge. Lessor and Lessee
agree that this late charge represents a reasonable estimate of such costs and expenses
and is fair compensation to Lessor for its loss suffered by such late payment by Lessee.
Sixty (60) days before the anniversary date each year the City shall notify the Lessee of
any outstanding delinquency, which must be cured prior to the anniversary date or the
City may exercise its right of termination under section 2.5 and terminate the lease.
3.8 Interest. Any sum to be paid pursuant to the terms of this Lease not
paid when due shall bear interest from and after the due date until paid at a rate equal to
three percent (3%) over the reference rate being charged by Bank of America, N.A. from
time to time during such period, so long as the rate does not exceed the maximum non -
usurious rate permitted by law in which case interest shall be at the maximum non -
usurious rate allowed by law at the time the sum became due.
4.0 USE OF THE PREMISES
4.1 Permitted Use. The Lessor hereby leases to Lessee and Lessee
leases from Lessor the Premises with appurtenances as defined herein, for the purpose
of conducting thereon only the use specified in Section 1.7 of this Lease and for no other
use. No signs posters or similar devices shall be erected, displayed or maintained by the
Lessee in view of the general public without advance written notice of the Airport
Executive Director unless otherwise agreed between the Parties.
4.2 Prohibited Use. The operations of the Lessee shall be conducted in
an orderly and proper manner and so as not to annoy, disturb, or be offensive to others
at the Airport. No solicitation of the public is allowed.
4.3 Compliance with Laws. Lessee shall, at his own cost and expense,
comply with all of the requirements of all municipal, state and federal authorities now in
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force or which may hereafter be in force pertaining to the use of the Premises, and shall
faithfully observe in said use all municipal ordinances, including, but not limited to, the
General Plan and zoning ordinances, state and federal statutes, or other governmental
regulations now in force or which shall hereinafter be in force. Lessee’s violation of law
shall constitute an incurable default under this Lease. The judgment of any court of
competent jurisdiction, or the admission of Lessee in any action or proceeding against
Lessee, whether Lessor is a party thereto or not, that Lessee has violated any such order
or statute in said use, shall be conclusive of that fact as between the Lessor and Lessee.
Lessee shall not engage in any activity on or about the Premises that violates any
Environmental Law, and shall promptly, at Lessees sole cost and expense, take all
investigatory and/or remedial action required or ordered by any governmental agency or
Environmental Law for clean-up and removal of any contamination involving any
Hazardous Material created or caused directly or indirectly by Lessee. The term
“Environmental Law” shall mean any federal, state or local law, statute, ordinance or
regulation pertaining to health, industrial hygiene or the environmental conditions on,
under or about the Demised Premises, including, without limitation, (i) the Comprehensive
Environmental Response, Compensation and Liability Act of 1980 (“CERCLA”), 42 U.S.C.
Sections 9601 et seq.; (ii) the Resource Conservation and Recovery Act of 1976
(“RCRA”), 42 U.S.C. Sections 6901 et seq.; (iii) California Health and Safety Code
Sections 25100 et seq.; (iv) the Safe Drinking Water and Toxic Enforcement Act of 1986,
California Health and Safety Code Section 25249.5 et seq.; (v) California Health and
Safety Code Section 25359.7; (vi) California Health and Safety Code Section 25915; (vii)
the Federal Water Pollution Control Act, 33 U.S.C. Sections 1317 et seq.; (viii) California
Water Code Section 1300 et seq.; and (ix) California Civil Code Section 3479 et seq., as
such laws are amended and the regulations and administrative codes applicable thereto.
The term “Hazardous Material” includes, without limitation, any material or substance
which is (i) defined or listed as a “hazardous waste”, “extremely hazardous waste”,
“restrictive hazardous waste” or “hazardous substance” or considered a waste, condition
of pollution or nuisance under the Environmental Laws; (ii) petroleum or a petroleum
product or fraction thereof; (iii) asbestos; and/or (iv) substances known by the State of
California to cause cancer and/or reproductive toxicity. It is the intent of the parties hereto
to construe the terms “Hazardous Materials” and “Environmental Laws” in their broadest
sense. Lessee shall provide all notices required pursuant to the Safe Drinking Water and
Toxic Enforcement Act of 1986, California Health and Safety Code Section 25249.5 et
seq. Lessee shall provide prompt written notice to Lessor of the existence of Hazardous
Substances on the premises and all notices of violation of the Environmental Laws
received by Lessee.
4.4 Operations for the benefit of Public. Lessee agrees to operate the
Demised Premises for the use and benefit of the Public, to make available for sale all
Lessee products to the public, without discrimination on the grounds of sex, race, color, or
national origin.
4.5 Public Facilities, Ingress, Egress and Quiet Enjoyment. City agrees
that Lessee, upon payment of the rental hereunder and performing the covenants of the
Lease, may quietly have, hold and enjoy the Demised Premises during the term of the
Lease, and that Tenant shall have the non-exclusive right to use, in common with others,
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the public at the Airport and Tenant shall have a reasonable right of ingress and egress
from the Demised Premises and the public facilities for its employees, visitors and
customers.
4.6 Hours of Business. Subject to the provisions of Section 7.0 hereof,
Lessee shall conduct and carry on Lessee’s business in the Premises on April 9, 10, 16,
and 17, 2025 and shall keep the Premises open for business and cause Lessee’s
business to be conducted therein during the Lessee’s business hours from 10am until
3pm Pacific Daylight Time.
5.0 ALTERATIONS AND REPAIRS
5.1 Alterations and Fixtures. Lessee shall not make, or suffer to be
made, any alterations to the Premises, or any part thereof, without the prior written
consent of Lessor. Construction Plans or detailed plans with scope of work shall be
submitted to the Airport for initial review of proposed alteration. Any alterations to the
Premises, except movable furniture and trade fixtures, shall become at once a part of the
realty and shall at the expiration or earlier termination of this Lease belong to Lessor.
Lessee shall not in any event make any changes to the exterior of the Premises. Any such
alterations shall be in conformance with the requirements of City design and construction
standards and all municipal, state, federal, and other governmental authorities, including
requirements pertaining to the health, welfare or safety of employees or the public and in
conformance with reasonable rules and regulations of Lessor. Any damage occasioned
by such removal shall be repaired at Lessee's expense so that the Premises can be
surrendered in a good, clean and sanitary condition as required by Section 5.2 hereof.
Any and all fixtures and appurtenances installed by Lessee shall co nform with the
requirements of all municipal, state, federal, and governmental authorities, including
requirements pertaining to the health, welfare, or safety of employees or the public. Upon
completion of construction of the alterations, Lessee shall submit to Lessor evidence
satisfactory to Lessor of the cost of said alterations ("Improvement Costs"). In the event
the Lessor, at the request of the Lessee and at its sole discretion, incurs costs related to
the financing, construction, improvements, and alterations of its leasehold, such costs
shall be reimbursable by the Lessee.
5.2 Maintenance and Repair. Lessee shall, subject to Lessor's obligations
hereinafter provided, at all times during the term hereof, and at Lessee's expense, keep,
maintain and repair the Premises, and other improvements within the Premises in good
and sanitary order, condition, and repair (except as hereinafter provided). Lessor should
be notified immediately of any necessary maintenance and repair of any store front, doors,
window casements, walls, glazing, heating and air conditioning system, plumbing, p ipes,
electrical wiring and conduits. Lessee hereby waives all right to make repairs at the
expense of Lessor, and Lessee hereby waives all rights provided for by the Civil Code of
the State of California to make said repairs. By entering into the Premises , Lessee shall
be deemed to have accepted the Premises as being in good and sanitary order, condition
and repair. Lessee agrees on the last day of said term, or sooner termination of this Lease,
to surrender the Premises with appurtenances, in the same condition as when received
and in a good, clean and sanitary condition, reasonable use and wear thereof and damage
by fire, act of God or by the elements excepted. Lessee shall periodically sweep and clean
the sidewalks adjacent to the Premises, as needed. Upon Lessee's possession of the
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Premises, Lessee shall be deemed to have accepted the Premises as being in good
condition and repair.
Lessee agrees that it will not, nor will it authorize any person to, go onto the
roof of the building of which the Premises are a part without the prior written consent of
Lessor. Said consent will be given only upon Lessor's satisfaction that any repairs
necessitated as a result of Lessee's action will be made by Lessee at Lessee's expense
and will be made in such a manner so as not to invalidate any guarantee relating to said
roof.
5.3 Free from Liens. Lessee shall keep the Premises free from any liens
arising out of any work performed, material furnished, or obligation incurred by Lessee or
alleged to have been incurred by Lessee.
6.0 INSURANCE AND INDEMNIFICATION
6.1 Insurance. Prior to its ability to access the Demised Premises,
Lessee will provide City with a certificate of insurance, at Tenant’s sole cost and expense,
to remain in full force and effect during the entire term of this lease. The following policies
of insurance shall be maintained:
A.Insurance Provided by Lessee.
Comprehensive or Commercial Form General Liability Insurance shall include the
following minimal limits:
(i). General Liability including operations, products and completed
operations $1,000,000 each occurrence for bodily injury, personal injury
and property damage/$2,000,000 aggregate
(ii). Automobile $1,000,000 each accident; $1,000,000 uninsured
motorist, if applicable.
(iii). Workers Compensation $1,000,000 each accident/$1,000,000 each
employee for disease.
(iv). Excess Liability/Umbrella Form $2,000,000.
B.An Additional Insured Endorsement is required for the General
Liability Insurance policy listing the City, its officers, employees, and agents as additional
insured on the policy.
C.The policies shall provide for a 30 day notice to the City prior to
termination, cancellation, or change.
D.The general liability and excess liability/umbrella policies must be
endorsed to provide that each policy shall apply on a primary and noncontributing basis
in relation to any insurance or self-insurance, primary or excess, maintained by or
available to the City or its officials, employees, and agents. The Workers Compensation
policy shall contain the insurer's waiver of subrogation (or waiver of right of recovery) in
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favor of City, its elected officials, officers, employees, and agents.
E.If, in the City's opinion, the minimum limits of the insurance herein
required have become inadequate during the period of this Lease, the Concessionaire
shall increase such minimum limits by reasonable amounts on request of the City
provided that said coverage is available at standard commercial rates.
6.2 Indemnification. To the fullest extent permitted by law, Lessee
shall, at Lessee's sole expense, defend, indemnify, and hold harmless City and City's
officers, officials, employees and agents from and against all claims, (including
demands, losses, actions, causes of action, damages, liabilities, expenses, charges,
assessments, fines or penalties of any kind, and costs including consultant and
expert fees, costs of investigation, court costs and attorney’s fees) arising out of or
relating (directly or indirectly) to Lessee’s breach of this Lease or the negligence or
willful misconduct of Lessee or its agents, employees, guests, or contractors related
to the tenancy created under this Lease, or the Demised Premises, during the Term,
except to the extent caused by Lessor’s breach of its obligations under this Lease or
the negligence or willful misconduct of Lessor or its contractors, tenants, or
subtenants.
6.3 This foregoing indemnification in Section 6.2 extends to and
includes, without limitation,
claims for:
A.Injury to any persons (including death at any time resulting from
that injury); Loss of, injury or damage to, or destruction of property (including loss of use
at any time resulting from that loss, injury, damage, or destruction); and
B.All economic losses and consequential or resulting damage of
any kind.
6.4 Lessee’s indemnification obligation hereunder shall survive the
expiration or earlier termination of this Lease until all claims against City involving
any of the indemnified matters are fully, finally, and absolutely barred by the
applicable statutes of limitations.
7.0 ABANDONMENT AND SURRENDER
7.1 Abandonment. Lessee shall not vacate or abandon the Premises at
any time during the term of this Lease. If Lessee shall abandon, vacate or surrender the
Premises or be dispossessed by process of law, or otherwise, any personal property
belonging to Lessee and left on the Premises shall be deemed to be abandoned, at the
option of Lessor, except such property as may be mortgaged to Lessor.
7.2 Surrender of Lease. The voluntary or other surrender of this Lease
by Lessee, or a mutual cancellation thereof, shall not work a merger, and shall, at the
option of Lessor, terminate all or any existing subleases or sub -tenancies, or may, at the
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option of Lessor, operate as an assignment to it of any or all of such subleases or sub -
tenancies. In the event that Lessor fails to return the Premises in good condition, Lessor
may perform any work necessary to correct deficiencies, and Lessee shall pay the cost
of the work plus an administrative fee component of not more than 15 percent.
8.0 DAMAGE AND DESTRUCTION OF PREMISES. In the event of (a) partial or
total destruction of the Premises during the term of this Lease which requires repairs to
the Premises, or (b) the Premises being declared unsafe or unfit for occupancy by any
authorized public authority for any reason other than Lessee's act, use or occupation,
which declaration requires repairs to the Premises, Lessor shall forthwith make said
repairs provided Lessee gives to Lessor thirty (30) days written notice of the necessity
therefor. No such partial destruction (including any destruction necessary in order to make
repairs required by any declaration made by any public authority) shall in any way annul
or void this Lease except that Lessee shall be entitled to a proportionate reduction of
Monthly Rental while such repairs are being made, such proportionate reduction to be
based upon the extent to which the making of such repairs shall interfere wit h the
business carried on by Lessee in the Premises. However, if during the last two (2) years
of the term of this Lease the Premises are damaged as a result of fire or any other insured
casualty to an extent in excess of twenty five percent (25%) of the then replacement cost
(excluding foundations), Lessor may within thirty (30) days following the date such
damage occurs, terminate this Lease by written notice to Lessee. If Lessor, however,
elects to make said repairs, and provided Lessor uses due diligence in making said
repairs, this Lease shall continue in full force and effect, and the Monthly Rental shall be
proportionately reduced while such repairs are being made as hereinabove provided.
Nothing in the foregoing to the contrary withstanding, if the Premises or said building is
damaged or destroyed at any time during the term hereof to an extent of more than
twenty-five percent (25%) of the then replacement cost (excluding foundations) as a result
of a casualty not insured against, Lessor may within thirty (30) days following the date of
such destruction terminate this Lease upon written notice to Lessee. If Lessor does not
elect to terminate because of said uninsured casualty, Lessor shall p romptly rebuild and
repair the Premises and/or the building a nd the Monthly Rental shall be proportionately
reduced while such repairs are being made as hereinabove provided. If Lessor elects to
terminate this Lease, all rentals shall be prorated between Lessor and Lessee as of the
date of such destruction. In respect to any partial or total destruction (including any
destruction necessary in order to make repairs required by any such declaration of any
authorized public authority) which Lessor is obligated to repair or may elect to repair under
the terms of this Section, Lessee waives any statutory right it may have to cancel this
Lease as a result of such destruction.
9.0 SUBLETTING. For the purposes of this lease, subletting shall not be allowed.
10.0 DEFAULT
10.1 Default by Lessee. The occurrence of any one (1) or more of the
following events shall constitute a default and breach of this Lease by Lessee: (a) the
failure to pay any rental or other payment required hereunder to or on behalf of Lessor
more than three (3) days after written notice from Lessor to Lessee that Lessee has failed
to pay rent when due; (b) the failure to perform any of Lessee's agreements or obligations
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hereunder (exclusive of a default in the payment of money) where such default shall
continue for a period of thirty (30) days after written notice thereof from Lessor to Lessee
which notice shall be deemed to be the statutory notice so long as such notice complies
with statutory requirements; (c) the vacation or abandonment of the Premises by Lessee;
(d)the making by Lessee of a general assignment for the benefit of creditors; (e) the filing
by Lessee of a voluntary petition in bankruptcy or the adjudication of Lessee bankruptcy;
(f)the appointment of a receiver to take possession of all or substantially all the assets of
Lessee located at the Premises or of Lessee's leasehold interest in the Premises; (g) the
filing by any creditor of Lessee of an involuntary petition in bankruptcy which is not
dismissed within sixty (60) days after filing; or (h) the attachment, execution or other
judicial seizure of all or substantially all of the assets of Lessee or Less ee's leasehold
where such an attachment, execution or seizure is not discharged within sixty (60) days.
Any repetitive failure by Lessee to perform its agreements and obligations hereunder,
though intermittently cured, shall be deemed an incurable default. Two (2) breaches of
the same covenant within a sixty (60) day period, a notice having been given pursuant to
(a) or (b) above for the first breach, or three (3) of the same or different breaches at any
time during the term of this Lease for which notices pursuant to (a) or (b) above were
given for the first two (2) breaches shall conclusively be deemed to be an i ncurable
repetitive failure by Lessee to perform its obligations hereunder.
In the event of any such default or breach by Lessee, Lessor shall have the
right (i) to continue the lease in full force and effect and enforce all of its rights and
remedies under this Lease, including the right to recover the rental as it becomes due
under this Lease, or (ii) Lessor shall have the right at any time thereafter to elect to
terminate the Lease and Lessee's right to possession thereunder.
10.2 No Waiver. Acceptance of rental hereunder shall not be deemed a
waiver of any default or a waiver of any of Lessor's remedies.
10.3 Lessor's Default. Lessor shall not be in default unless Lessor fails to
perform obligations required of Lessor within a reasonable time, but in no event later than
thirty (30) days after written notice by Lessee to Lessor and to the holder of any first
mortgage or deed of trust covering the Premises whose name and address shall have
theretofore been furnished to Lessee in writing, specifying wherein Lessor has failed to
perform such obligation; provided, however, that if the nature of Lessor's obligation is such
that more than thirty (30) days are required for performance then Lessor shall not be
deemed in default if Lessor commences performance within a thirty (30) day period and
thereafter diligently prosecutes the same to completion. In no event shall Les see have the
right to terminate this Lease as a result of Lessor's default and Lessee's remedies shall
be limited to damages and/or an injunction.
11.0 CONDEMNATION. In the event a condemnation or a transfer in lieu thereof results
in a taking of any portion of the Premises, Lessor may, or in the event a condemnation or
a transfer in lieu thereof results in a taking of twenty -five percent (25%) or more of the
Premises, Lessee may, upon written notice given within thirty (30) days after such taking
or transfer in lieu thereof, terminate this Lease. Lessee shall not be entitled to share in
any portion of the award and Lessee hereby expressly waives any right or claim to any
part thereof. Lessee shall, however, have the right to claim and recover, only from the
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11
condemning authority (but not from Lessor), any amounts necessary to reimburse Lessee
for the cost of removing stock and fixtures. If this Lease is not terminated as above
provided, Lessor shall use a portion of the condemnation award to restore the Premises.
12.0 MISCELLANEOUS
12.1 Reservation of Right to Modify Property. Lessor hereby reserves the
right (but not the obligation) to renovate, modernize, rehabilitate, expand, reduce,
reconfigure, enclose and/or otherwise alter all or any portion of the Premises (collectively
"Modifications"), in such manner and at such time or times, throughout the term of this
Lease, as Lessor may, in its sole and absolute discretion, deem to be in the best interests
of the Property. Such Modifications may include, without limitation, the right to construct
new buildings on the Property for additional uses, to remove, renovate, repair, add to,
modernize or otherwise alter the building in which the Premises are situated as well as
other buildings, facilities, structures, malls, walkways, landscaping, parking and common
areas or other areas within the Property. In connection with any and all such
Modifications, Lessor may enter the Premises to the extent reasonably required by Lessor
to pursue and complete such Modifications. In addition, Lessor may temporarily close
portions of the parking and common areas and cause temporary obstructions in
connection with any Modifications. Lessee agrees that under no circumstances shall the
Modifications as to any portion of the Property or the construction activity that takes place
in the course of making the Modifications, or any aspect thereof, including Lessor's entry
into the Premises, constitute an eviction or partial eviction of Lessee or a breach of
Lessee's right to quiet enjoyment or of any other provision of this Lease, nor entitle Lessee
to damages, injunctive relief or other equitable relief, nor entitle Lessee to any abatement
or reduction in the Monthly Rental, additional rental or other charges or sums due under
this Lease; provided Lessor uses reasonable efforts to mitigate any adverse effects on
Lessee caused by the Modifications.
12.2 Entry and Inspection. Lessor and its agents shall have the right to
enter upon the Leased Premises during such times as may be reasonable under the
circumstances for any purpose necessary, incidental to or connected with the
performance of its obligations or in the exercise o f its governmental functions relating to
the public health, safety, good conduct, and the proper management of the Airport.
12.3 Estoppel Certificate. In the event of any proposed encumbrance,
assignment, or other transfer of this Lease, Tenant shall submit its request to the City no
less than 90 days in advance of the effective date of the proposed assignment in order
for the City to make its determination If, as a result of a proposed sale, assignment, or
hypothecation of the Premises or the land thereunder by Lessor, or at any other time, an
estoppel certificate shall be requested of Lessee, Lessee agrees, within ten (10) day s
thereafter, to deliver such estoppel certificate addressed to any existing or proposed
mortgagee or proposed purchaser, and to the Lessor. Lessee shall be liable for any loss
or liability resulting from any incorrect information certified, and such mortg agee and
purchaser shall have the right to rely on such estoppel certificate and financial statement.
12.4 Jurisdiction and Venue. The parties hereto agree that the State of
California is the proper jurisdiction for litigation of any matters relating to this Lease, and
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12
service mailed to the address of Lessees set forth herein shall be adequate service for
such litigation. The parties further agree that Riverside County, California is the proper
place for venue as to any such litigation and Lessee agrees to submit to the personal
jurisdiction of such court in the event of such litigation.
12.5 Partial Invalidity. If any term, covenant, condition or provision of this
Lease is held to be invalid, void, or unenforceable, the remainder of the provisions hereof
shall remain in full force and effect and shall in no way be affected, impaired or invalidated
thereof.
12.6 Successors in Interest. The covenants herein contained shall,
subject to the provisions as to assignment, apply to and bind the heirs, successors,
executors, administrators and assigns of all the parties hereto; and all of the parties hereto
shall be jointly and severally liable hereunder.
12.7 No Oral Agreements. This (i) Lease covers in full each and every
agreement of every kind or nature whatsoever between the parties hereto concerning this
Lease, (ii) supersedes any and all previous obligations, agreements and understandings,
if any, between the parties, oral or written, and (iii) merges all preliminary negotiations
and agreements of whatsoever kind or nature herein. Lessee acknowledges that no
representations or warranties of any kind or nature not specifically set forth herein have
been made by Lessor or its agents or representatives.
12.8 Authority. In the event that Lessee is a corporation or a partnership,
each individual executing this Lease on behalf of said corporation or said partnership, as
the case may be, represents and warrants that he or she is duly authorized to execute
and deliver this Lease on behalf of said corporation or partnership, in accordance with a
duly adopted resolution of the Board of Directors, if a corporation, or in ac cordance with
the Partnership Agreement, if a partnership, and that this Lease is binding upon said
corporation or partnership in accordance with its terms. Lessee represents and warrants
to Lessor that the entering into this Lease does not violate any provisions of any other
agreement to which Lessee is bound.
12.9 Relationship of Parties. The relationship of the parties hereto is that
of Lessor and Lessee, and it is expressly understood and agreed that Lessor does not in
any way or for any purpose become a partner of Lessee in the conduct of Lessee's
business or otherwise, or a joint venture with Lessee, and that the provisions of this Lease
and the agreements relating to rent payable hereunder are included solely for the purpose
of providing a method whereby rental payments are to be measured and ascertained.
12.10 Nondiscrimination. Lessee for itself, personal representatives,
successors in interest, and assigns, as part of the consideration hereof, does hereby
covenant and agree as a covenant running with the Demised Premises that: (1) no
person, because of actual or perceived race , religion, color, sex, age, marital status,
ancestry, national origin (i.e., place of origin, immigration status, cultural or linguistic
characteristics, or ethnicity), sexual orientation, gender identity, gender expression,
physical or mental disability, or medical condition (each a “prohibited basis”) shall be
excluded from participation in, denied the benefits of, or be otherwise subjected to
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13
discrimination in the use of said facilities; (2) it shall ensure that applicants are employed,
and that employees are treated during their employment, without regard to any prohibited
basis; (3) as a condition precedent to City’s lawful capacity to enter this Lease, and in
executing this Lease, Lessee certifies that its actions and omissions hereunder shall not
incorporate any discrimination arising from or related to any prohibited basis in any
Lessee activity, including but not limited to the following: employment, upgrading,
demotion or transfer; recruitment or recruitment advertising; layoff or termination; rates of
pay or other forms of compensation; and selection for training, including apprenticeship;
and further, that, to the extent applicable to Lessee, it is in full compliance with the
provisions of Palm Springs Municipal Code Section 7.09.040, including with out limitation
the provision of benefits, relating to non -discrimination in city contracting; (4) in the
construction of any improvements on, over, or under such Premises and the furnishing of
services thereon, no person on the grounds o f race, color, or national origin shall be
excluded from participation in, denied the benefits of, or otherwise be subjected to
discrimination; and (5) it shall use the Premises in compliance with all other requirements
imposed by or pursuant to Title 49, Code of Federal Regulations, Department of
Transportation, Subtitle A, Office of the Secretary, Part 21, Nondiscrimination in
Federally-Assisted Programs of the Department of Transportation-Effectuation of Title VI
of the Civil Rights Act of 1964, including applicable Regulations that may be amended
and are hereby incorporated and attached as Exhibit “C” & “D”.
12.11 Notices. Wherever in this Lease it shall be required or permitted that
notice and demand be given or served by either party to this Lease to or on the other,
such notice or demand shall be given or served in writing and shall not be deemed to have
been duly given or served unless in writing, and personally served or forwarded by
certified mail, postage prepaid, addressed, if to Lessor, as specified in Section 1.9. Either
party may change the address set forth herein by written notice by certified mail to the
other. Any notice or demand given by certified mail shall be effective one (1) day
subsequent to mailing.
To City: Palm Springs International Airport
3400 E. Tahquitz Canyon Way, Suite 1
Palm Springs, CA 92262
To Tenant: Goldenvoice, LLC
425 W. 11th Street, Suite 500
Los Angeles, CA 90015
12.12 Waiver. No delay or omission in the exercise of any right or remedy
by a non-defaulting party shall impair such right or remedy or be construed as a waiver.
A party's consent to or approval of any act by the other party requiring the party's consent
or approval shall not be deemed to waive or render unnecessary the other party's consent
to or approval of any subsequent act. Any waiver by either party of any default must be
in writing and shall not be a waiver of any other default concerning the same or any other
provision of this Lease.
12.13 Exhibits and Addenda. The Exhibits and Addenda attached to this
Lease are made a part hereof as if fully set forth herein. In the event of a conflict between
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14
the terms and provisions of Addenda and the terms and provisions of this Lease, the
terms and provisions of the Addenda shall prevail.
SIGNATURE PAGE TO FOLLOW
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15
SIGNATURE PAGE FOR LEASE AGREEMENT No. 25L084 BETWEEN
THE CITY OF PALM SPRINGS AND GOLDENVOICE, LLC
IN WITNESS WHEREOF, the Parties have entered into this Non-Exclusive Operating
and Lease Agreement as of the day and year first above written.
CITY OF PALM SPRINGS
Approved By:
Scott Stiles
City Manager
Date
Attested By:
City Clerk
Approved as to Form:
City Attorney
GOLDENVOICE, LLC
Signature
Name
Title
Signature
Name
Title
Director
Christina Azada
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4/9/2025
16
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EXHIBIT “A”
Terminal Building
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EXHIBIT “B”
ESTOPPEL CERTIFICATE
Lessee:
Lessor:
Date of Lease:
Demised Premises:
To:
The undersigned hereby certifies as follows:
1.The undersigned is the Lessee ("Lessee") under the above-referenced
lease ("Lease") covering the above-referenced premises ("Demised Premises").
2.The Lease constitutes the entire agreement between Lessor and Lessee
with respect to the Demised Premises during the Term and the Lease has not been
modified, changed, altered or amended in any respect except as set forth above.
3.The term of the Lease commenced on , 20 and,
including any presently exercised option or renewal term, will expire on ,
20 . Lessee is in possession of the Demised Premises and is the actual occupant in
possession thereof and has not sublet, assigned or hypothecated its leasehold interest.
All improvements to be constructed on the Demised Premises by Lessee have been
completed and accepted by Lessor and any Lessee construction allowances have
been paid in full.
4.As of this date, to the best of Lessee's knowledge, there exists no breach
or default, nor state of facts which, with notice, the passage of time, or both, would
result in a breach or default on the part of either Lessee or Lessor. To the best of
Lessee's knowledge, no claim, controversy, dispute, quarrel or disagreement e xists
between Lessee and Lessor.
5.Lessee is currently obligated to pay Monthly Rent in installments of
$ per month, and such monthly installments have been paid not more than
one month in advance. To the best of Lessee's knowledge, no other rent has been
paid in advance and Lessee has no claim or defense against Lessor under the Lease
and is asserting no offsets or credits against either the rent or Lessor. Lessee has no
claim against Lessor for any security or other deposits except $ which was
paid pursuant to the Lease.
6.Lessee has no option or preferential right to lease or occupy additional
space within the Property of which the Demised Premises are a part. Lessee has no
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19
option or preferential right to purchase all of any part of the Demised Premises nor
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20
any right or interest with respect to the Demised Premises other than as Lessee under
the Lease. Lessee has no right to renew or extend the term of the Lease except as
set forth in the Lease.
7.Lessee has made no agreements with Lessor or its agent or employees
concerning free rent, partial rent, rebate of rental payments or any other type of rent
or other concession except as expressly set forth in the Lease.
8.There has not been filed by or against Lessee a petition in bankruptcy,
voluntary or otherwise, any assignment for the benefit of creditors, any petition
seeking reorganization or arrangement under the bankruptcy laws of the United
States, or any state thereof, or any other action brought under said bankruptcy laws
with respect to Lessee.
9.All insurance which Lessee is required to maintain under the Lease has
been obtained by Lessee and is in full force and effect and all premiums with respect
thereto have been paid.
Dated this day of , 20 .
By:
Its:
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21
EXHIBIT “C”
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22
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23
EXHIBIT “D”
Docusign Envelope ID: D1A43395-48CB-4B5D-8E35-E346F4F21751
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$2'1+%F +2+6'0 '682+6F /1/8+* '682+6
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&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&F ,,/)+6F /6+)836F +1(+6F '2'-+6
$2'1+%F +2+6'0 '682+6F /1/8+* '682+6
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$2'1+%F +2+6'0 '682+6F /1/8+* '682+6
F 8.+6&&&&&&&&&&&&&&&&&&&&&&&&&&
Vice PresidentX
Chad Holden
X
XX
Christina Azada
California
Goldenvoice, LLC
425 W. 11th St. Suite 500, Los Angeles, CA 90015
Docusign Envelope ID: D1A43395-48CB-4B5D-8E35-E346F4F21751
;2+672:+78367;/8.'(+2+,/)/'0/28+6+78/28.+440/)'2828/8<36'6+0'8+*+28/8<
#
$2'1+3,3;2+6/2:+7836%
(
$4+6)+28'-+3,(+2+,/)/'0/28+6+78/2+28/8<'2*
2'1+3,+28/8<%
$2'1+3,3;2+6/2:+7836%
$4+6)+28'-+3,(+2+,/)/'0/28+6+78/2+28/8<'2*
2'1+3,+28/8<%
$2'1+3,3;2+6/2:+7836%
$4+6)+28'-+3,(+2+,/)/'0/28+6+78/2+28/8<'2*
2'1+3,+28/8<%
$2'1+3,3;2+6/2:+7836%
$4+6)+28'-+3,(+2+,/)/'0/28+6+78/2+28/8<'2*
2'1+3,+28/8<%
$2'1+3,3;2+6/2:+7836%
$4+6)+28'-+3,(+2+,/)/'0/28+6+78/2+28/8<'2*
2'1+3,+28/8<%
$2'1+3,3;2+6/2:+7836%
$4+6)+28'-+ 3, (+2+,/)/'0 /28+6+78 /2 +28/8<
'2*2'1+3,+28/8<%
/-2'896+3,/7)037/2- '68< 6/28+* '1+!/80+
'8+
03/20/25
Philip Anschutz 100%*NOT FOR PUBLIC DISCLOSURE
Docusign Envelope ID: D1A43395-48CB-4B5D-8E35-E346F4F21751
B
X
100 0004057 (WI)
X
1,000,000
X
20079
Attn: Denver.certrequest@marsh.com
N
A
20,000,000
X
'''See additional page'''
National Fire & Marine Insurance Co
1,000,000
X
X
$100,000 SIR
X
25,000
A
A
CN102108752-NEW-COD1-21-22
EXCLUDED
1,000,000
A
38318
1,000,000
1,000,000
100 0004053 (AOS)
1225 17TH STREET, SUITE 1300
MARSH USA INC.
X
DENVER, CO 80202-5534
.
X
X
Starr Indemnity & Liability Company
CERTIFICATE HOLDER IS AN ADDITIONAL INSURED WITH RESPECT TO THE EVENT AND DATE LISTED ABOVE ON THE GENERAL LIABILITY, AUTO\ LIABILITY, AND UMBRELLA
POLICIES IF REQUIRED BY WRITTEN CONTRACT. WAIVER OF SUBROGATION APPLIES IF REQUIRED BY WRITTEN CONTRACT OR AGREEMENT EXECUTED PRIOR TO LOSS.
COVERAGE PROVIDED BY THE ABOVE GENERAL LIABILITY POLICY SHALL BE PRIMARY AND NONCONTRIBUTING IF REQUIRED BY WRITTEN CONTRACT. COVERAGE INCLUDES
LOAD-IN AND LOAD-OUT.
1000100043251 03/01/2025 03/01/2026
42-UMO-303359-09 03/01/2025 03/01/2026
A 03/01/2025 03/01/2026
03/01/2025 X
03/01/2025
03/01/2025
03/01/2026
03/01/2026
03/01/2026
1000692454251
Jason Williams
720-333-8556
Jason.A.Williams@marsh.com
5,000,000
5,000,000
5,000,000
5,000,000
5,000,000
100 0004052 (FL,MA,CT,AK)
GOLDENVOICE, LLC
425 W. 11TH STREET
LOS ANGELES, CA 90015
Docusign Envelope ID: D1A43395-48CB-4B5D-8E35-E346F4F21751
E.L. EACH ACCIDENT: $1,000,000
E.L. DISEASE - POLICY LIMIT: $1,000,000
POLICY NUMBER: 100 0004056 (NY)
POLICY NUMBER: 100 0004055 (CA)
INSURER: Starr Specialty Insurance Company
WORKERS COMPENSATION (CONTINUED):
INSURER: Starr Indemnity & Liability Company
MARSH USA INC. .
PER STATUTE
EFFECTIVE DATE: 3/01/2025
EXPIRATION DATE: 3/01/2026
LIMITS:
E.L. DISEASE - EA EMPLOYEE: $1,000,000
POLICY NUMBER: 100 0004054 (AZ,IA,NJ,NC,TX,VT)
Docusign Envelope ID: D1A43395-48CB-4B5D-8E35-E346F4F21751
COMMERCIAL GENERAL LIABILITYPOLICY NUMBER: 1000100043251
Effective: 03/01/2025 CG 20 26 12 19
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
ADDITIONAL INSURED DESIGNATED PERSON OR
ORGANIZATION
This endorsement modifies insurance provided under the following:
COMMERCIAL GENERAL LIABILITY COVERAGE PART
SCHEDULE
insurance afforded to such additional insuredA. Section II Who Is An Insured is amended to will not be broader than that which you areinclude as an additional insured the person(s) or required by the contract or agreement toorganization(s) shown in the Schedule, but only provide for such additional insured.with respect to liability for "bodily injury", "property
damage" or "personal and advertising injury"B.With respect to the insurance afforded to thesecaused, in whole or in part, by your acts or additional insureds, the following is added toomissions or the acts or omissions of those acting Section III Limits Of Insurance:on your behalf:
1.In the performance of your ongoing operations;If coverage provided to the additional insured isorrequired by a contract or agreement, the most we
will pay on behalf of the additional insured is the2.In connection with your premises owned by or
amount of insurance:rented to you.
However:1.Required by the contract or agreement; or1.The insurance afforded to such additional 2.Available under the applicable Limits ofinsured only applies to the extent permitted by Insurance shown in the Declarations;law; and
whichever is less.2.If coverage provided to the additional insured is
This endorsement shall not increase the applicablerequired by a contract or agreement, the
Limits of Insurance shown in the Declarations.
CG 20 26 12 19 Page 1 of 1
Name Of Additional Insured Person(s) Or Organization(s)
Where Required By Written Contract
Information required to complete this Schedule, if not shown above, will be shown in the Declarations.
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CITY OF PALM SPRINGS
3200 E TAHQUITZ CANYON WAY, PALM
SPRINGS, CA 92262
(760) 322-8328
BUSINESS LICENSE CERTIFICATE
Fees Paid:$173.00
ISSUANCE OF THIS LICENSE DOES NOT ENTITLE THE
LICENSEE TO OPERATE OR MAINTAIN A BUSINESS
IN VIOLATION OF ANY OTHER LAW OR ORDINANCE.
THIS IS NOT AN ENDORSEMENT OF THE ACTIVITY
NOR OF THE APPLICANT'S QUALIFICATIONS.
Business Name:Goldenvoice LLA
DBA:
Owner:Goldenvoice
Mailing Address:212277 Ste. 600 Ste. 600
Los Angeles, CA 90015
License Number:ICA-000411-2025
Expiration Date:04/30/2026
PLEASE NOTE THAT IT IS YOUR RESPONSIBILITY TO
RENEW AND UPDATE THIS LICENSE ANNUALLY.
Business Location:3400 E TAHQUITZ CANYON
WAY, PALM SPRINGS, CA
92262
Business Description:We are partnering with the Palm
Springs International Airport to
produce a Coachella pop-up shop
TO BE POSTED IN A CONSPICUOUS PLACE
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