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GROUND LEASE
City of Pleasanton
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GROUND LEASE
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1/31/2011 2:27:29 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
6/1/1988
LONG TERM AGREEMENTS - NAME
GROUND LEASE
LONG TERM AGREEMENTS - TYPE
MISC AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06 (Long Term Agreements)
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
LONG TERM AGREEMENTS - NOTES
RIDGE VIEW COMMONS
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6. The Grantee shall review Owner's verification efforts at least annually to <br />determine whether eligible Tenant households are occupying lower income units. <br />7. In the event a Tenant is determined over income, Owner will take one of the <br />following actions, as appropriate: (a) If the unit occupied by the Tenant must <br />be leased to a lower income household to maintain the percentage of lower <br />income units specified in the Grant Agreement between the Grantee and -HUD, <br />Owner must notify the Tenant that Tenant must move when the current lease <br />expires or six months after the date of the notification, whichever is later; <br />(b) If Owner can meet the lower income unit percentage without the unit <br />occupied by Tenant (by leasing another unit to a lower income family at the <br />appropriate formula rent), Owner may continue to lease to the formerly lower <br />income family, but is free to renogatiate the rent at the expiration of the <br />current lease. <br />8. Owner shall market the units in accordance with the HUD approved Affirma- <br />tive Fair Housing Marketing Plan and all fair housing and equal opportunity <br />requirements. <br />9. With the exception of the income limit requirements, the standards and <br />criteria for Tenant selection shall be the same as those used for the market <br />rate units, if any. <br />In witness whereof, the undersigned have executed this document on June 27, <br />1988. <br />GRANTEE: <br />CITY OF PLEASANTON, CALIFORNIA, a <br />municipal corporation <br />By: <br />OWNER: <br />EDEN HO SING, INC, a <br />Califo ia 1 .nprof't corporatio <br />By: <br />ames R. Wa ker Catherine A. ersche <br />City Manager ROVED `.S TO FO 1: Executive Director <br />1 ,4 ,rate j <br />eter <br />. 9i ac onald <br />City Attornez <br />
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