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GROUND LEASE
City of Pleasanton
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CITY CLERK
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LONG TERM AGREEMENT
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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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and alterations, structural or otherwise, to any Improvements, <br />fixtures and equipments now or hereafter located on the Land, as <br />Lessee shall deem necessary or desirable. Lessee's right to make <br />such improvements, changes or alterations (other than changes or <br />alterations of movable trade fixtures and equipment or <br />improvements, changes or alterations involving costs less than <br />$40,000) shall be subject to the following additional conditions: <br />(i) No improvement, change or alteration shall be <br />undertaken until Lessee shall have procured and paid for, so far <br />as the same may be required from time to time, all municipal and <br />other governmental permits and authorizations, and Lessor agrees <br />to join in the application for such permits or authorizations <br />whenever such action is reasonably requested by Lessee; <br />(ii) All work done in connection with any <br />improvement, change or alteration shall be done promptly and in a <br />good and workmanlike manner and in compliance with all laws, <br />ordinances, orders, rules, regulations and requirements of all <br />Federal, state and municipal governments and the appropriate <br />departments, commissions, boards and officers thereof; <br />(iii) In addition to the insurance coverage <br />referred to in Section 14, Workers' Compensation Insurance and <br />Owner's Protective policy shall be maintained by Lessee at all <br />times when any work is in process in connection with any <br />improvement, change or alteration. Workers' Compensation <br />Insurance shall cover all persons employed in connection with the <br />work and the Owner's Protective policy shall name Lessor with <br />limits of not less than $1,000,000. All such insurance shall be <br />obtained and kept in force as otherwise provided in Section 14; <br />and <br />(iv) Lessee shall provide Lessor with evidence <br />acceptable to Lessor that the work contemplated will enhance the <br />value of the Land. <br />C:GDLEASE.EHI -23- <br />
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