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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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(iii) Lessee shall provide Lessor with adequate <br />documentation that the rental of dwelling units to Elderly <br />Households other than Lower or Very Low Income Households and the <br />proposed rent levels for such households are necessary to make <br />the Project economically feasible. <br />(iv) Lessee shall provide to Lessor written <br />notice that it is renting a dwelling unit to a household that is <br />not an Elderly Very Low or Lower Income Household, at the time <br />that it rents a dwelling unit to such a household. Lessee shall <br />provide Lessor with adequate documentation that Lessee made <br />reasonable attempts to rent the dwelling unit to an Elderly Very <br />Low or Lower Income Household, but has been unable to locate such <br />a household to occupy the dwelling unit or such other reason <br />Lessee may have had for renting a dwelling unit to such a <br />household. <br />(d) Lessee agrees that in its rental of dwelling units <br />in the Project, the following preferences shall govern tenant <br />selection, but only to the extent that the local residency <br />preference is not inconsistent with affirmative fair housing <br />marketing objectives and Lessee's HUD- approved Affirmative Fair <br />Housing Marketing Plan. <br />(i) Elderly Pleasanton Residents and Elderly <br />Households which are displaced as a result of City activities <br />( "Displacees "), shall be given preference in the rental of <br />dwelling units. <br />(ii) Lessee shall begin initial tenant selection <br />ninety (90) days before the certificate of occupancy for the <br />Project is expected to be issued. During initial tenant <br />selection, Lessee shall make a good faith effort to rent the <br />dwelling units to applicants who meet the income eligibility <br />levels in the percentages set forth in Exhibit C. As between <br />C:GDLEASE.EHI -11- <br />
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