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NOW, THEREFORE, BE IT MUTUALLY AGREED that for and <br /> <br /> in consideration of the premises herein and the covenants <br /> hereinafter contained and the mutual benefits to be derived <br /> by bOth parties, Licensor hereby confers upon Licensee the <br /> License and privilege to use certain real properties for a park <br /> and recreation use. The first of said properties shall be <br /> known as Arroyo del Valle, Zone No. 7, but may be supplemented <br /> from time to time by assent of the parties. The description of <br /> such additional properties, when agreed upon by Licensor and <br /> Licensee, shall be noted by attachment to this agreement. Such <br /> License shall be, subject to Licensor's continuing and superior <br /> rights for flood control and water conservation activities, for <br /> the purpose of improving, maintaining and operating recreational <br /> facilities; Licensee accepts said License and responsibility, <br /> and both parties agree to the conditions hereinafter set forth: <br /> <br /> I <br /> <br /> PROPERTY RIGHTS. This License and its acceptance and <br /> exercise grants no property interest or estate in the aforesaid <br /> real properties to Licensee other than as herein set forth. <br /> <br /> II <br /> <br /> TERM. This License is granted for a term of twenty- <br />five (25) years from the date hereof with an option to Licensee of <br />renewal for additional periods of twenty-five (25) years thereafter <br />upon application therefor accompanied by a showing of faithful <br />exercise thereof according to the covenants herein; either this <br />original grant or any renewal thereof to be subject to termination <br />under the covenants provided herein to govern such termination. <br /> <br /> III <br /> <br /> NON-EXEMPTION. This License does not and shall not <br /> <br />be interpreted to grant Licensee any rights to proceed with <br />such improvement, maintenance or operation thereunder without <br />compliance with all applicable Federal or State laws or local <br />ordinances or the obtaining of permits or authorizations re- <br />quired by any other public agency, nor shall it be construed <br />as authorizing any zoning variance or establishing any precedent <br />for similar variance except as provided for under Section X hereof. <br /> <br /> --2-- <br /> <br /> <br />