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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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1/21/2010 4:33:23 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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Households, (2) Elderly Lower Income Households, (3) Elderly <br />Moderate Income Households, and (4) other Elderly Households. <br />Lessee shall make a good faith effort to maintain sufficient <br />numbers of eligible applicants on waiting lists (1) and (2) to <br />provide for any anticipated vacancies for a three year period. <br />When Project vacancies occur, Lessee shall make a good faith <br />effort to fill all vacancies from waiting lists (1) and (2), <br />giving preference to Elderly Pleasanton Residents and Displacees <br />on waiting lists (1) and (2). To the extent that waiting lists <br />(1) and (2) do not provide a sufficient number of tenants to fill <br />Project vacancies, Lessee shall make a good faith effort to fill <br />the remaining Project vacancies from waiting list (3), and if <br />there remain Project vacancies then from waiting list (4), giving <br />preference in each case to v marly Pleasanton Residents and <br />Displacees. <br />(e) The Lessee further agrees: <br />(i) to maintain the character of the Project as <br />required by this Lease and any Mortgage Loan Documents, HDG <br />Documents and the Regulatory Agreement for so long as such <br />documents remain in effect. In the event that any provision of <br />this Lease in any way tends to contradict or modify the terms of <br />the HDG Documents or the Regulatory Agreement, the terms of the <br />HDG Documents and Regulatory Agreement shall prevail and govern. <br />(ii) to submit the following to Lessor for <br />Lessor's approval: <br />(aa) The Management Plan which shall set <br />forth the policies governing the operations and management of the <br />Project which shall not be inconsistent with the terms of this <br />Lease. The Management Plan shall include, but not be limited to, <br />the following: the responsibilities of Lessee and the delegation <br />of specified responsibilities to the management agent, the <br />maintenance and repair program, banking and accounting <br />C:GDLEASE.EHI -13- <br />
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