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3. Term <br /> The term ("Term") of this Agreement is ten (10) years, commencing upon August 1, 2001, and <br /> expiring on July 31, 2011, which Lessee represents is the minimum lease period which is needed to <br /> enable the Lessee to qualify for federal and/or state financing for the Park & Ride facility. <br /> 4. Rent and Payments <br /> Lessee shall Lessee shall pay Lessor as rent during the Term of One Dollar($1)per year on or <br /> before August 1 of each year during the Term. Rent shall be payable to Lessor at Lessor's <br /> administrative offices, 7051 Dublin Boulevard, Dublin, California. <br /> 5. Improvements. <br /> a. District and City staff have met and agreed upon the work needed to construct and/or modify <br /> the Premises for use as a Park& Ride facility. ("Project Improvements"). <br /> b. City shall have the right to erect, maintain, and operate on the Leased Premises the following <br /> improvements: an irrigation system, landscaping, lighting, an underground storm drain pipe, <br /> pavement, sidewalk, parking lot striping, wheel stops and a bus stop turn out (collectively, <br /> "Lessee's Facilities"). All improvements are subject to the District's prior written approval. <br /> Said approval shall not be unreasonably withheld, conditioned or delayed. <br /> c. In connection therewith, and subject to the above referenced approval, Lessee shall perform <br /> all work necessary to prepare, maintain and alter the Leased Premises for Lessee's business <br /> operations. <br /> d. All of Lessee's construction and installation work shall be performed at Lessee's sole cost <br /> and expense and in a good and workmanlike manner. <br /> 6. Lessee's Duties and Responsibilities <br /> a. Cost and Expenses. Lessee shall be responsible for the cost of construction, installation, <br /> operation, repairs, and maintenance related to the Premises. Lessee shall be responsible for <br /> paying all costs associated with the maintenance and upkeep of the Leased Premises. <br /> b. Fees and Charges. Lessee shall pay all fees related to the Lease described above, if any. <br /> c. Utilities. Lessee shall be responsible for paying all costs associated with any and all utility <br /> fees related to its lease of the Premises. Lessee shall pay for all utilities for the Premises <br /> pursuant to individual metering and direct billing to the Lessee by the respective utilities. <br /> d. Repairs and/or Maintenance. Lessee shall be responsible for repairing and maintaining the <br /> Premises in a proper operating and reasonably safe condition. If any such repair or <br /> maintenance is required due to the acts of Lessee, its agents, invitees and/or employees, then <br /> Lessee agrees to restore any damaged portion of the Premises to the condition which existed <br /> immediately prior thereto at the request of the District. In the event that Lessee fails to <br /> reasonably repair and/or maintain the Premises then the District reserves the right to repair <br /> any damaged portion of the Premises. Lessee shall reimburse the District for the reasonable <br /> cost incurred by the District to restore the damaged portion to the condition which existed <br /> immediately prior thereto. <br /> Pleasanton Park&Ride Facility <br /> Lease Agreement <br /> Page 2 <br />