My WebLink
|
Help
|
About
|
Sign Out
GROUND LEASE
City of Pleasanton
>
CITY CLERK
>
LONG TERM AGREEMENT
>
R
>
RIDGE VIEW COMMONS
>
GROUND LEASE
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/31/2011 2:27:29 PM
Creation date
1/21/2010 4:33:23 PM
Metadata
Fields
Template:
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
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
136
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
and reasonable fees of Lessee's attorney. It is the intent of <br />the parties, that the Lessor's exercise of its right to purchase <br />under this Section 23 shall be at no cost or expense to Lessee; <br />and <br />(v) Lessor shall provide Lessee with evidence <br />satisfactory to Lessee that the transfer of the Project and <br />Lessor's assumption of Lessee's obligations shall not (i) <br />constitute a default by Lessee under any contract, indenture, <br />mortgage, deed of trust or other agreement to which Lessee is a <br />party or by which it is bound, or (ii) adversely affect the tax <br />benefits taken by Lessee, its partners or limited partners, if <br />any. The evidence referred to in this subsection (v) may include <br />an opinion of nationally recognized bond counsel or tax counsel <br />at Lessee's reasonable discretion; and <br />(vi) Lessor shall have paid the sum of one dollar <br />($1.00) as a purchase price for all Lessee's right, title and <br />interest in this Ground Lease and the Project. The parties <br />understand and agree that the purchase price has been set at a <br />nominal amount in consideration of Lessor's financial assistance <br />to Lessee and the Project, and to enable Lessor to continue the <br />use and operation of the Project in accordance with Section 5. <br />(b) If Lessor wishes to sell or transfer its interest <br />in the Land and this Lease, Lessor shall first give 45 days' <br />written notice to Lessee so that Lessee may have the first right <br />to purchase the Land. The notice shall contain the Purchase <br />price and a complete description of the terms on which Lessor <br />wishes to sell or transfer the Land. Within 45 days of receipt <br />of the notice given by Lessor, Lessee shall in writing either <br />accept the offer to purchase the Land on the terms provided in <br />the notice or reject the offer. Failure to accept the offer in <br />writing within the 45 -day period shall be deemed a rejection. If <br />the terms of the sale or transfer change or if Lessor desires to <br />sell or transfer the Land after expiration of a 90 -day period <br />C:GDLEASE.EHI -38- <br />
The URL can be used to link to this page
Your browser does not support the video tag.