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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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such applicants, preference in selection for tenancy shall be <br />given to Elderly Pleasanton Residents and Displacees. <br />(iii) Lessee shall request the applicants <br />selected pursuant to (ii) above to sign leases immediately <br />following issuance of the certificate of occupancy for the <br />Project. If any such applicant fails to sign a lease for a <br />dwelling unit, Lessee shall make a good faith effort to locate <br />new applicants meeting the income eligibility and to maintain the <br />percentages set forth in Exhibit C. <br />(iv) If thirty (30) days after issuance of the <br />certificate of occupancy, Lessee is unable to lease all the <br />dwelling units to households in accordance with subparagraphs <br />(ii) and (iii) above, then Lessee shall make a good faith effort <br />to rent the remaining vacant dwelling units to Elderly Lower <br />Income Households disregarding of the percentages set forth in <br />Exhibit C. Within this group, preference shall be given to <br />Elderly Lower Income Households that are composed of one or more <br />Elderly Pleasanton Residents and Displacees. <br />(v) If after thirty (30) days of marketing under <br />(iv) above, the Lessee is unable to lease all the dwelling units <br />to Elderly Lower Income Households, then Lessee shall make a good <br />faith effort to lease the remaining vacant dwelling units to <br />Elderly Moderate Income Households or other Elderly Households <br />(which are not Lower, Very Low or Moderate Income). Within this <br />group, preference shall be given to Elderly Moderate Income <br />Households that are composed of one or more Elderly Pleasanton <br />Residents and Displacees. <br />(vi) After initial rental of one hundred percent <br />(100 %) of the units, Lessee shall make a good faith effort to <br />maintain occupancy consistent with Exhibit C. To accomplish <br />this, Lessee shall establish up to four waiting lists for <br />prospective tenants as follows: (1) Elderly Very Low Income <br />C:GDLEASE.EHI -12- <br />
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