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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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Section 5 above, Lessee shall be entitled to a reasonable <br />quarterly distribution from Project income. The amount of such <br />quarterly distribution shall be included in the Annual Operating <br />Budget and shall be based on Lessee's time, costs and materials <br />spent for the Project, including a reasonable allocation for <br />overhead. <br />(c) In the event Lessee syndicates its interest in the <br />Project, Lessee agrees and acknowledges that the syndication <br />proceeds, less syndication expenses, shall belong to the Project <br />and any use of the net proceeds shall be subject to Lessor's <br />approval. <br />7. Ouiet Enjoyment. Lessor covenants that, subject to the <br />terms of this Lease, Lessee shall peaceably hold and quietly <br />enjoy the Land and the Improvements during the entire term of <br />this Lease without hindrance or interruption by Lessor or by <br />anyone lawfully or equitably claiming by, through or under <br />Lessor. <br />8. Title to Improvements. (a) Title to all buildings, <br />structures and improvements that may from time to time be <br />situated on the Land (the *Improvements "), and all carpets, <br />draperies, appliances, furniture, equipment and fixtures that may <br />from time to time be used or intended to be used, in connection <br />with the Improvements, shall be and remain in Lessee for and <br />during the Term of this Lease. Upon the date set forth in <br />Section 3 above for the termination of this Lease, or upon <br />earlier termination of this Lease, whichever first occurs, all of <br />Lessee's rights and title to all Improvements and said carpets, <br />draperies, appliances, furniture, equipment and fixtures on the <br />Property shall pass to and vest in Lessor without cost or charge <br />to Lessor, subject to any and all liens, encumbrances and claims <br />against the property conveyed. <br />C:GDLEASE.EHI -16- <br />
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