THIRD AMENDMENT TO BUILDING PERMIT ISSUANCE AGREEMENT
CALIFORNIA BANK & TRUST
International Operations
550 South Hope Street, 3rd Floor
Los Angeles, California 90071
S.W.I.F.T. CALBUS66
Amendment of
Standby Letter of Credit
December 23, 2002
IRREVOCABLE STANDBY LETTER OF CREDIT NO. SB99-8243
AMENDMENT
BENEFICIARY:
CITY OF CLEARWATER, FL
112 SOUTH OSCEOLA AVENUE
CLEARWATER, FL 33756
ATTN: CITY ATTORNEY - PAM AKIN
LETTER OF CREDIT DATE:
March 24, 2000
CURRENT AMOUNT: USD2,137,500,00
Dear Sir/Madam:
We have been requested by CHURCH OF SCIENTOLOGY RELIGIOUS TRUST, 6331 HOLLYWOOD
BLVD., LOS ANGELES, CA 90028 to amend the above referenced IRREVOCABLE LETTER OF CREDIT
issued in your favor, as follows:
The new expiry date of this letter of credit is: December 2, 2003
In case of a drawing all documents must be dispatched in one lot by registered mail or courier services directly to California
Bank & Trust, International Operations, 550 South Hope Street, 3rd Floor, Los Angeles, CA 90071.
All other terms and conditions remain the same.
This amendment is an integral part of the captioned letter of credit and must be attached to the said letter in your
posseSSiOn.
If you have any questions concerning this transaction, please call us at (213) 593-2131, (213) 593-2130 or (213) 593-2123.
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THIRD AMENDMENT TO BUILDING PERMIT ISSUANCE AGREEMENT
THIS THIRD AMENDMENT TO BUILDING PERMIT ISSUANCE AGREEMENT,
dated 2nd day of December 2002, amends that certain Building Permit Issuance
Agreement between the CITY OF CLEARWATER FLORIDA, a Florida municipal
corporation ("City''), and the CHURCH OF SCIENTOLOGY RELIGIOUS TRUST
("Church''), as follows:
RECITALS :
A. On March 21, 2000, the City and the Church entered into that certain
Building Permit Issuance Agreement ("Agreement''), which is hereby
incorporated by reference.
B. On December 28, 2000, the City and Church entered into that certain
First Amendment to Building Permit Issuance Agreement, which is
hereby incorporated by reference.
C. On December 7,2001, the City and Church entered into that certain
Second Amendment to Building Permit Issuance Agreement, which is
hereby incorporated by reference.
D. At this time, it appears that the opening of the Church's "Super
Power" Building will occur in the Spring of 2004.
E. The Church desires to extend the period of time for which it must
submit plans for the construction of the garage to meet the required
parking for the Super Power Building.
F. The City has agreed to such an extension, on the terms and
conditions set forth below.
NOW, THEREFORE, in consideration of the mutual promises contained herein, it is
agreed as follows:
1. Recitals: The above recitals are true and correct and are hereby
incorporated by reference.
2. Timeframe Extensions: The Church shall have until April 2, 2003 in
which to submit to the City building plans for its parking facility. The Church
understands and aCknowledges that it will not be able to obtain a certificate of
occupancy on the Super Power Building until such time as it has built its
remaining required parking, or a combination thereof, as set forth in the
Agreement.
3. Replacement of Letter of Credit: The original letter of credit delivered
to the City pursuant to the Agreement shall be returned to the Church, and
simultaneously replaced with a Letter of Credit in the form attached hereto as
Exhibit "A," to reflect the change of date referred to in paragraph five above.
4. No other Modification: Except as expressly modified herein, the
Agreement is hereby ratified and reaffirmed by the parties, and shall remain in
full force and effect.
IN WITNESS WHEREOF, the parties have executed this Third Amendment
to Building Permit Issuance Agreement the date and year first above written.
cm OF CLEARWATER, FLORIDA
Attest:
By:.:B;Ji ~
Bill Home
City Manager
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Approved as to form:
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City Attorney
CHURCH OF SCIENTOLOGY
RELIGIQ UST
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Signature
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Print name
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Signature
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Print name
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Date:
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