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GROUND LEASE
City of Pleasanton
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CITY CLERK
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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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(h) Give each tenant selected, at the time of acceptance, a written <br />copy of the approved tenant eviction procedures for the Development and all <br />amendments thereto; and <br />(i) Where necessary, conduct such additional marketing as reasonably <br />required to fulfill affirmative marketing goals and meet other goals of the <br />Management Plan. <br />10. Rentals. Agent will offer for rent and will rent the dwelling units <br />in the Development. With respect thereto, the following will apply: <br />(a) Agent will follow the tenant selection policy described in the <br />Management Plan; <br />(b) Agent will show the premises to prospective tenants; <br />(c) Agent will take and process applications for rentals. If an <br />application is rejected, the applicant will be told the reason for the <br />rejection. The rejected application and the reason for rejection shall be kept <br />on file for three (3) years. A current list of prospective tenants will be <br />maintained; <br />(d) Agent will prepare all tenant leases and will execute the same <br />in its name, identified thereon as Agent for the Owner. The terms of the <br />leases will comply with the pertinent provisions of the Regulatory Agreement, <br />the HDG Covenants, the HDG Owner /Grantee Agreement and the deeds of trust, and <br />shall be approved by the City and CHFA; <br />(e) Owner will furnish Agent with rent and income schedules. In no <br />event shall such rents or other charges specified in Owner's schedules be <br />exceeded. The Owner shall be responsible for obtaining the City's and CHFA's <br />approval prior to establishing any rent schedules in accordance with the Ground <br />Lease, the HDG Owner /Grantee Agreement and Regulatory Agreement; <br />(f) Agent will counsel all prospective tenants regarding eligibility <br />and will prepare and verify eligibility certifications and recertifications in <br />accordance with the Management Plan, the Regulatory Agreement, HDG Covenants <br />and HDG Owner /Grantee Agreement; and <br />(g) Agent will collect, deposit and disburse security deposits in <br />accordance with the tenant's lease and State law. <br />11. Collection of Rents and Other Receipts. Agent shall collect when due <br />all rents, charges and other amounts receivable in connection with the <br />management and operation of the Development. Such receipts shall be deposited <br />in the Development Operating Account by Agent as trustee. <br />12. Accounts. Agent shall establish the following separate bookkeeping <br />accounts for Development funds. These accounts shall be the "Development <br />Operating Account," the "Reserve Fund for Replacements Account" and the <br />"Security Deposit Account." Funds from these accounts shall be kept in <br />depositories whose deposits are insured by the FDIC or the FSLIC, under the <br />19:MGMTAGR.EHI (12/18/89) 5 <br />
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