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BLP PARTNERSHIP GROUND LEASE
City of Pleasanton
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LONG TERM AGREEMENT
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BLP PARTNERSHIP GROUND LEASE
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10/28/2013 2:20:41 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
9/1/2005
LONG TERM AGREEMENTS - NAME
BLP PARTNERSHIP
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
100 JUNIPERO
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• <br /> • <br /> (q) "Lessee" shall mean BLP Partnership, Inc., a California nonprofit public <br /> benefit corporation. <br /> (r) "Lessor" shall mean the City of Pleasanton, a municipal corporation. <br /> (s) "Other Loan Documents" shall mean all documents executed by the Lessee <br /> evidencing, guaranteeing, insuring or securing the Other Loans, including, but not limited to, <br /> regulatory agreements, notes, deeds of trust, security agreements, fixture filings, and financing <br /> statements. <br /> (t) "Other Loans" shall mean any loans, certificates of participation financing <br /> and related credit enhancement now or later obtained by the Lessee as evidenced by promissory <br /> notes and secured by deeds of trust recorded against the Project or any installment sales financing <br /> (and any related security documents, including regulatory agreements, use agreements, security <br /> agreements, fixture filings, and financing statements required of the Lessee) which are given by <br /> the Lessee. Other Loans shall not include the City Loan or the City HELP Loan. • <br /> (u) "Parties" shall mean the Lessor and the Lessee collectively. <br /> (v) "Party' shall mean the Lessor or the Lessee individually. <br /> (w) "Principal Care Giver" shall mean a person providing primary physical or <br /> economic support to any member of a household applying to reside in the Project. <br /> (x) "Project" shall mean the Improvements and the Lessee's leasehold interest . <br /> in the Land. <br /> (y) "Residents" shall mean the residents who are authorized by Developer to <br /> occupy the Units and who are sixty (60) years of age or otherwise eligible for the Project under <br /> the Assisted Living Laws. <br /> ARTICLE 2 <br /> Lease of the Land; Rental Provisions; Taxes and Assessments <br /> Section 2.1 Lease of the Land <br /> For and in consideration of the covenants and agreements to be kept and performed by the <br /> Lessee and the Lessor, the Lessor leases the Land to the Lessee, and the Lessee does take, hire and <br /> lease the Land from the Lessor pursuant to the terms of this Lease. <br /> Section 2.2 Lease Term <br /> The term of this Lease shall commence on the date of this Lease as set forth above and shall <br /> continue from such date until the expiration of fifty -five (55) years, unless earlier terminated in <br /> accordance with this Lease. <br /> 144 \105\153233.25 4 <br />
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