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OPTION AND LAND LEASE AGREEMENT
<br /> This Agreement made this ` 1 `day of P t l'� 6, � , 201c, between City of Pleasanton, a municipal
<br /> corporation, with its principal offices located at 200 E. Bernal Ave, Pleasanton, CA 94566,
<br /> hereinafter designated LESSOR and GTE Mobilnet of California Limited Partnership d/b /a Verizon
<br /> Wireless, with its principal offices located at One Verizon Way, Mail Stop 4AW100, Basking
<br /> Ridge, New Jersey 07920 (telephone number 866 - 862 - 4404), hereinafter designated LESSEE.
<br /> The LESSOR and LESSEE are at times collectively referred to hereinafter as the "Parties" or
<br /> individually as the "Party".
<br /> LESSOR is the owner of that certain real property located at 6890 Koll Center Pkwy,
<br /> Pleasanton, Alameda County, California, as shown on the Tax Map of the City of Pleasanton as
<br /> Assessor Parcel Number 946 -4557 -002 and being further described in that certain Deed recorded
<br /> on January 3, 1983 as Document #83 -00157 in the Official Records of Alameda County (the
<br /> entirety of LESSOR's property is referred to hereinafter as the "Property "). LESSEE desires to
<br /> obtain an option to lease a portion of said Property, being described as a 40' by 25' parcel containing
<br /> 1000 square feet (the "Land Space "), together with the non - exclusive right (the "Rights of Way ")
<br /> for ingress and egress, seven (7) days a week twenty-four (24) hours a day, on foot or motor
<br /> vehicle, including trucks over or along a fifteen (15') foot wide right -of -way extending from the
<br /> nearest public right -of -way, Koll Center Parkway, to the Land Space, and for the installation and
<br /> maintenance of utility wires, poles, cables, conduits, and pipes over, under, or along one or more
<br /> rights of way from the Land Space, said Land Space and Rights of Way (hereinafter collectively
<br /> referred to as the "Premises ") being substantially as described herein in Exhibit "A" attached hereto
<br /> and made a part hereof.
<br /> NOW THEREFORE, in consideration of the sum of One Dollar ($1), to be paid by
<br /> LESSEE to the LESSOR, the LESSOR hereby grants to LESSEE the right and option to lease said
<br /> Premises, for the term and in accordance with the covenants and conditions set forth herein. The
<br /> foregoing payment shall be made by LESSEE within forty five (45) days of execution of this
<br /> Agreement or of receipt by LESSEE from LESSOR of the Rental Documentation, as defined in
<br /> and in accordance with Paragraph 3 of the Agreement below, whichever occurs later. The
<br /> providing by LESSOR of Rental Documentation to LESSEE shall be a prerequisite for the
<br /> payment of the foregoing amount or any other option or rental payment, if applicable, by
<br /> LESSEE, and notwithstanding anything to the contrary herein, LESSEE shall have no obligation
<br /> to make any payment(s) until Rental Documentation has been supplied to LESSEE.
<br /> The option may be exercised at any time on or prior to twelve (12) months after the date of
<br /> this Agreement. If the option has not been so exercised, it shall be automatically extended for one
<br /> additional period of twelve (12) months, unless LESSEE gives written notice to the LESSOR of the
<br /> intent not to extend prior to the end of the initial option period. If the option is extended, LESSEE
<br /> shall make an additional payment of Five Hundred Dollars ($500) to LESSOR within thirty (30)
<br /> days of the option being extended, provided LESSOR has supplied to LESSEE the Rental
<br /> Documentation, as defined in and in accordance with Paragraph 3 of the Agreement below. The
<br /> time during which the option may be exercised may be further extended by mutual agreement in
<br /> Site Nanie:
<br /> Meadowlark Park
<br /> 10065433
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