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HomeMy WebLinkAbout0221.095.' FROM: City oCPalo Alto City Manager's Summary Report ------------------------ HONORABLE ('lTV COUNCU, CITY MANAGER DEPARTMENT: FINANCE AGENDA DATE: MAY 1,1995 CMR:211 ,95 SVBJECr: AWARDOFOYnONTOLL~ETHE~SFACa~ LOCATED AT 3005 MIDDLEFIELD ROAD (funner Chuck ThompsoB site) 1'0 COMMUNITY SKATING, INC. REOUEST: This report transmils the response ofCommwrlty Skatlng.ln<:. (CSl) 10 Cooocil direction of 'une 6, 1995 "'garding the lOrmer Chuck Thompson faCIlity located at 3005 Middlefield lload, and requests the awanl of the attache<! option-to-lease 10< the site \0 C<xn:munily Sbling, In<:. (CSI} SEmMMENJ)AIIONS: SIaff~!hat Council autborize the Mayor 10 execute the attacbed opIion-lo-lease betweca the CIIy of Palo Alto ancI CSI for the develcpm<nt and operation of ~ \emUs facility a! 3005 Middlefield Road. POllCY IMPLICATIONS: This agreement doe> !lOt represent any chang .. 10 elcisting City policy. EXE(JJ]1YE SUMMARY: In response 10 Council direction given on June 6, 1994, CSI bas ... bmitted the attache<! ~ 10 Council Motion", which descnbes • two-phased de>-elopment fur the fOOner Chuck Thompson site. Phase I includes upgrading and operating the IOU< elcisting tennis courts and completing the landscaped parking \0(. Phase II includes the addition of. fifth t.ennis wort lind possible restroom.s, snack bar and special event seating. The Ph ... n plans hpl.n an: coocq>tuaI and will depend upoo pr-actkalily. feasibility and additional City review and approvals required during til< option period. Tho attached optioo-to-lease plO'ides fOr. two­ year option period. in wbkh CS1 is required \0 00Ialn approval of its plans for 1he developmenl ar.,d operation of til< site and show eviden<:e r;,{ suffkicnt finances prior \0 mtering inIo1be lease. Major1enDS o[!he lease include. IS-year Ierm and. 5100 one-time payment fOr rent. The IIOI!lOO!lCIary consideration is 1he deve!.>pment and opeAtion of • n:aeational kIInis facility at no cost \0 the City. ReIIIled staff reports: CMR:426:6. CMR:376:9. CMR:52S:O. CMR:547:O. CMR:5I3:O. CMR:248:93. CMR;29J:94_ FISCAl. IMPACT: None. ENVIRONMENTAL IMPACT ASSESSMENT: The Enviroomenta.l Assessment, as may be required under the California Envlroomental QuaIlty Act (CEQA), will be prepared during til< opticn period, in coojunction with 1he opIionee's applicatioo and approval of. condltiooal use pennit for !he p"'posed use and ""Pn?vCmenIS. AUACHMFbTSIFXHIBTTIi: AItlichment A {.ite plan) AIIacbment B (CSI ~ ic C<luncil Motioo) AIIachmenl C {LeUer from MorIon &: Associates) AnaclJ~ D (Swnroary of Optioo \0 Lease) Attachment E (Optioo to Lease) .. • -. CiTY MANAGER Al'PROV AL: IX: Coo:\InuniIy Skating. )""_ Palo Alto Tennis Club Middlefield Homeownets Association -' '-, Sl'BJECf: -- ';"-.... 2·~~-" ); , . .:""," ~":,, -"" ~,,':'-7: ~~;~~:~~~~~ r':"- _-e" ':_ .,.-:. __ ~ " ... '" ;;: ~,- _ ~ ___ \ l.: ,~' •.. ,,' ~ City of Palo Alto City Manager's Report AWARD or OPTION TO LEASE THE TENNIS FACILITIES LOCATED AT 300$ MlDDLEFlELD ROAD (rormer a..ok TIIompsmllite) TO COMMmoo'ITY SKA TL"G, INC. BF£t}MMENPATIONS: Authorize the: Mayor 10 execute the attaohed option 10 lease betweeo the City of Palo Alto and CSi for the operation and deYek>pmcnt of a tennls facility at 3005 Middlefield Road. BACKGROUl'<1) In November 1985, the citizens of Palo Alto approved haIloc measures authorizing the City to exchange public land b a 3.74-""", site on Middlefield Road. The Middlefield Road sire included the: outdoor ice sbting rink commonly \ncwn as the W-1lI~ LOOge; a swimming pool. • small gym and five l<mlis C<lurfs, commonly looWD as the $ormer Chuck Thompson swim and tennis center site; and. va<anl Ioc at the ftoot of!he site, formerly occupied by. 8beIl gas sIalioo (see Attacbmenr A). The land exdlaoge was completed in September 1986. 011 June 19. 1989, !he Council apptoved Ihe ~bange of the C<>mprehensive Land Use designation /tom Multiple Family Resideo!iallio Majo< InstitutionISpccial Faculties and the dlaoge of the zoning Ji'om RM-I S (Low Density Multiple Family Residential) 10 PF (Publi<: Facilities). In July 1989,1he Council approved a twenty-year Jease of the WIll!er LOOge po<tioo of!he site 10 Community Skating. Inc. 00 April 26. 1993, Council apptoved • Request for Proposal (RFP) b the long-term lease of the swim and Iemlis court facility and dire<:Ied stafflo solicit proposals. 00 July 20, 1993, two proposals were received from the Palo Tennis Club (P A TC) and Community Skating. ~. (CS!). 00 June 6. 1994, the Council approved. motionlO cftrcct s\affl<> I) proceed Vlltit Phase I of the CSI proposal. with the participation and Issistance of the P ,lTC, as appropriate; 2) explore with CSI and PA rc, as appropriole, &:velopmenl of the remainder of the site wi.th \ow intensity reaeational uses !hat are compatible with the surr<lWlding neigbborfloocls. not including. swimming pool use, that there be 00 cost 10 the City, that the tennis courts not be Iigbled, and retum 10 the C.ooncil with recommendations; and 3) adopt . ~--'-:' -~ ~, . , ~-,. " .:;;:;.. ~ - !he Budge! Amendment Ordinance establi&Iing a CapitBl L'11provement Program (CIP) proj¢ct in the omounl of 530,000 to remove and baci fin Ihe swimming pool. The pool is scheduled for removal1his S1llIlI'OCI'. POI.ICV IMPIJCAIIQNS This agreement docs not rep.~ any chang. 10 existing policies. CSI RESPONSE TO COUNCIL MOTION In accordance with CounciI'. nu-ectioo, CSI has had a number of """,tings with tlJe PA TC 10 discuss implemenlalion of Phase I approved by Council and the deveklprnen! of the remalndeI of lh. sile. M. ~ of these meetings and QISCussioos with staff, CS! has submiUed the attached 'Respoose 10 Council Motioo· (Attachm<nt B), which is sun:II18riz.cd as foIWws: CSl proposes I two-ph:sed development. with Phase I consisting of upgrading and openIting tlJ. lOu£ existing tennis courts (the upgrade may include re-aligning two O£ rom ~ 10 mjnjm1~ the effects oflho sun), completing the Jandsc"Pfd parking lot and developing site drainage and landscaping. as necessary. CSl proposes 10 operate • lennis program empbasizIng skill development in I ntlItUring, non<OOlp<1itive environment. The primary fucus of the program will be summer grc.up lessons, althoogh private Iessoos will be avBllable from lenni. pros. CoorIs will Iho be ,vIll1ab!e during scheduled public use times 10 players who have purcbasod keys. CoorIs also may be ....."ed lOr toumaruent ploy. The summer progmm will operate Sour days I week. from mjll-June 10 the end of August. Lessons will be twice I week lOr SO nUullles, between the hours of i 0:00 a.m. and 12:00 p.rn. and 2:00 p.m.1O 4:00 p.m. lCeys Wlll be sold 10 the poblic lOr awroxiroate1y $100 per tey per year. Keyed players may use the coutU during scheduled public use times, (Refer 10 page 6 of Attachment B for more defluls of the proposed schedule.) The winter operation will coosisl ofkeyed entry 10 the courts ooIy. from tlJe hours of 1:30 a.m. 10 sunset. The !'base IT proposal CCflSists of the development of the remainder oCtlJe ,ile with I fifth Iennis court and, possibly, restrooms, I SDack bar and spetial_en1 seating. Au open area would remain lOr • parl</baIbecue...... Please refer 10 Ihe ~ site plans 00 pages 10 and II of Attach .. nenl B. ",ott .--. '. ,-",', "-l .. ::-'~ :::C" ", .~ -_r ; -~ ,-~ " , ., .... e. PA TC has asked CSIIO supplement Phase r of its propos!! with the lOIIowing: f'res,,-ntation ofa summer skill development kssoo series, coosidernfion ofre-oligning the existing courts to minimize the sun', effect, eventual addition of. fifth C<lW'I, lighted courts. restroom facilities, and spc<:ial-event seating. CSI bas agreed 10 implement the requested items as is practicable, financiaJIy feasible and pennitled by cootractual obligations with the City. CSf oo!eS!hat aItI>ough PATC had hoped lOr additionalJigh!ed cootIs at the site. Cowlcil bas approved !'base r with unlighted courts and. tberelOre, csr bas suggested !hat P A TC consider fundiDg 6gb!ing on courts al cther City or School District sites 10 enable the community 10 benefit &rom exteaded cCourt usc. CST, estimated cost lOr Phase r is $134,000, which includes $60,000 lOr upgrading the !Our existing tennis C<;Urts; S5O.000 ror «>nS1ru<.-ting the new Iandscoped pamng 101 (in the location of the bmer Shell ,1ation); and $24.000 \0 develop site drainage and landscaping plans. wbiclI will be implemented <luring Ph ... n development. The estimated cost lOr Phase II is $73,000. whlcl! includes SS,OOO foe storm drains, 520,000 lOr regrlding, S! 0,000 lOr landscaping and S3S,OOO lOr construction of the fifth tennis coorl ANALYSiS Ymancial F=ibllity CSI plans 10 finance lite Phase r capital impro,'ements fi'om its curren! operating surplus. As staled in lite attached IeUer fi'om MorIoo &; AssOOates (A=1unertt C), CSI has an existing SIOO,OOO reserve lOr this J>IIIPOSe and, based on the operating surplus generated by the program during the 1iscal year ended April 30, 1994, CSI shoold be in the positioolo fund !he IemIis court refurbishing fi'om lite operating surplus projeclcd during the upcoming lease cp6<m period. AL"O, ifnecessary, CSl could negotiate an extcruion of!he S25O,OOO nne of credit,..nidI it put in place 10 fund • portion of the costs of the recenllycoostrucled \e3Cbing rink. The projeclcd revenue and expenses lOr the tennis program are included on page 14 of AtIa<:bmenl B. The figures lOr the ongoing costs of operating the facility show an annual deficit of 59.500, whlcl! is the annual amortization of the S95,OOO cost lOr tennis coort upgrade ($60,000) and the addition of the fifth court (S3S,OOO). CSI plans 10 cover the AIllicil'ated $9,500 annual q>erating deficit wilh q>erating surplus from the Wmler lOOge program. Staff has some coocem that CSl's projecled revenues may be high. The marl<ec lOr OOUII keys at $100 per year may be limited, coosidering the numbec of free jlUblic courts and priVllle IenIlis club> in the area; alld the proposed tournament court fees of $2S per day CMIl:21I:95 ..... , ... , o per coort OR hi6b (C;CY wurt fees are $16 pet day per coort). CS! is aware of Slaffs tooeemS and is rooficknllllat it can suppon die tennis program ""ficit Q)nsisla\cy of Proposal with CcunciI Direction CSls Phase I proposal is cooslstent wilh Council's June 6, 1994 approval O(dIe upgrade and cpemiOII of the tour existing I<mnis coorts. Coontl1 clireclion 10< !be remainder o(the site was 10 expkxe developmenl wid! low inleosity recreational uses !hal are compatible with the surroooding neighborhoods .. csr. Phase II propcsaI is coocep!Ual at this stage, and DO environmental assessment has ~ dOI!e to identify impacts whicb the proposed improvem<1IIs and uses might have OIl the nelghbodwod. Once the option is 5warded. CSI will devekip and submit site and deVelopment plans which will undago exlensive review by the City fa> !be emiroomental impact assessment. the COIlditional ~.., permit and approvals by the Arohitec!umI Review Board (ARB), Planning Ccmmlssion and City Council. PROPOSED OPTION TO LEASE The attached Optioo-IO-Lease is ronsistent with the !mnS 0( the RFP approved on April 26, 1993 and with subsequent direction of Cooncil. Un&T die option-IO-lease agreement, CSt is granted a two-year op6on, during v.1tich time CSI must satisfy !be specified cooditions prior 10 exen:ising the option and entering into the lease. No ""velopmcnl or 1I5e 0( the site will take place WlIilthe option COIlditioos are mel, !be optioo is ex=ised and !be lease is in e&ct The option 10 1ease allows CSIIo de\'elop and opetaie in pba.<es; however, it should be noted Ihat !be development plans approved during !be option period must inc!udc bodJ phases and wm constitute a master plan f<it !be site. Major cooditions w!tich CSI. as optionee. mu.<I meet prior to entering into the lease are as ~: I. Pay the optioo Purchase Price {S1_000). 2. Obtain • conditional use permit IOc the proposed deve10pmenl and operation !rom the C"lIy's Zoning Administrator. 3. ConwIY with the CalilOmia FavironmcntaI Quality Act (CEQA) 10 allow the project to be implemented. 4. Obtain approval 0( its development plans (fur bodJ phases 0( the project) from the ARB, Planning Commission and City Cooncil. ....7.n '. ! s. ~~ 10: ":" ". -:. -, '. Satisfy the Director of finance that CSl bas sufficient fllllUl¢eS or financial i:OIIIltUtments 10 implemenlthe plans approved by the City and furnish the D'.recIor ofrmance evidence 1bsI sufficient fin.ancial scaaity will be aV1ll1able 10 <OOlplek the proposed construclion. (This condition will ~pply 10 PMs.e I only.) 6. Submit \0 the Real Property Manager a se<.1lrity deposit. as r<:quired by the !ease ($5,000). The 0p000 may be e><er<:ised any time wilhln two yun, upon CGmpIeOOn of the cooditioos outlined in !he opticn agreement. Upon exercise oflhe option, the Counci1 must award !he Lease, ...mel! is auached 10 lIle Option ag=men! as Exhibit I. The purpose and r<:q.med use m>der the lease is the <levcl<Jpment and operation of a recreatiooaI facility offmng tmnis for public play and iDstructioo. Major tenns of the lease include • IS-year!Clm and • $100 """­ lime payment for rcnl The oon-mooetaI)I considoration is the developmenl and operation of • recrea60Dal :ennis facility at no rost 10 lhc: City. The City bas !he right 10 reveiw operating boors, procedures and prices \0 assure that !hey are fair and reasonable \0 the public. & requested by CSI, a1!be 1i'IlC the option is exercised, th. I S-year term will be ad")US!ed downward \0 matclIlh. Ieml then remaining on csr. lease for !be W mler Lodge (current tenn remaining 00 the Wm!er Lodge 2O-year lease is 14.15 years). Required improvements are the improv=ents approved by the City during !he option period. At1acbmeot D summarizes !be <""diDons of the option and lbe terms of the proposed Lease. ALTERNATIVES: Sinoe the agreement is C<HlSistent with prioc Counci1 direction, no altematives 10 awarding the option 10 lease are addressed in this repor'_ FISCAL IMPACf: None. ENVIRONMENTAL ASSESSMF.NT: The Enviroomental Impact Assessment (EIA), as may be required under the Califoroia &Mrotum:nfal QIlality Act (CEQA), will beprepered during !he opticn period in conjunction with !he opIiooee'. applic&ion and approval of a corn!itional use permit for the proposed use and improvemcn~ -.' ... ~ ..• , , STEPS toU,oWING APPROVAL: Thetw<>-y_cp600peri<xl wiU begin upon lhecxecutionofthe opOOn by IbeCity. andCSl will begin tb<: process of fulfilling option cooditicns.. Wben the ccndilions bave been met, !he Ieasc: will be executed; and coostru..-tion of the approved improvements ar:d operation of the appNved recteatiooai facility will commence. ,....,.u ! \ I \ :'.i·' . t.· .~ -·.l \ ~i·· ~ .•. ...... \ ~'-.:.'';;~~ <;;.~ .. <of.:-.~: .,. . .:-:' ..... .. 5t,;' ~-.... . ~: .'. ~ .• .'.J': -,.. s· -' • • .:.:::. .'c ~\; :;;.: ,-"':<.-t "' • ." ;::: ,. -~: -~.;. .~., .. "-}: ~. .-' .~~ i',. .. '.,;~ :.;-;..; -..-;,--.;;;:: , . ,q", :;.-. >f· J ~. ~ ~..: '-.~ -" ~ -:". ~f- -:'.~- o ® I I -'---.,.;;;;----y .. --,;.;--_.' .; • < i '" , 1 .. .iE""io<j l~. ~ -.----- I < -., ;: .... "'-'0"" -0"" --'" .. E "' E§ 2<">, - "I .. '" <0 " -~ .. ~ ~. ~r .. "u <> u ~~ co<> <.> t "t • ~<I> .. V I" ~:: --___ ~ 8.~ l!l ., <0 "c ~ P'~ 1-e c~u u .... ·-----~~.Jr,ht _ _I ------ .® i d I I ".... r'~ I I C) oJ '" iL .., ~ " I r I ! " ! , \' d.:~ .,\ \\~ ,', i!' t. , I I '-, I " - ! COMMUNITY SKATING, INC. USPONSE TO COUNCIL MOTION FORMEIlCHtICK THOMPSON FACIUTY • MIDTOWN 1 COUNCIL ACTION A8STllACT n. I'HASS I· ESTIMATED COSTS " ID. lNPtJT BOM mE PnA) ALTO tENNIs <UJB IV. PROGRAM DESCJJPTJON Y. fENTATIVE Pll.0P0SALS FOR mE REMAINDER {)F nlE SUE Vl 1':EJWS Of I'HE l..EASE vn. SUPl'OkTINGMATElUALS COUNCIL ACTION AI ill June u. 1m meotmg. !he CouncilIlDlllimously passed. motiOJ> praeo!ed by Coun<:iI MedJer McCowa 10 proooecI with !'We I of the prC>pOSIIIlIlblDitted by Conwurity SbM& Ino. b-.... cl'!he bmor CbuckThompSOli site. The motiou abo iDItnIded CiIy IWt"lc explore witb CSl ODd !he Pal<> Alto TeoniJ Club !he 'deveIopmeI>l of!he I-mder of!he siI. with low inlensity reaalional u ... tIlat .,. c:ompoIibk with !he ~ ~ "'" incIudin& • rwlmmins pocIwcOo Ia .......sance with cowx:iI'J instnIcIicnJ, CSI has met wiIfI PA TC 10 diocuss !he ""'~ of!he remaiDder of!he lite MIll !he litmtatioo ofllOll-lighted cowu and . ......,.mon!li!he IOOIDd oemiIi\Oity ofDOigb!xn -... , -" .~ ~ :'., Comcwoi!y SUJma. IDe. (CSI) is pleasod to subnm Ibis "'PI'lem<nI to irs orijinaI p«>po<a!liJ< t1l= ~ &tiel ~ o/'!be rom-Omt ThoInpsoo focili!y in MidIowIL h dn<:te4 by <OUD<iI in '-1994,. when it IJlIlro""d csr. P!>ase J proposal. roflhe_<lftfle facility, CSI boomct "","'0.\,,,<1 with the PaloMo Teonb Club (PATe) 10 outline p. for ll:"'~. w! .... <If!be ~ of1l>e si!~. MIDTOWN RECREA TIONA!.. CENTER COST ESTIMATES INITIAL DEYf' opyfW COST ESTIMATES (PHASE n I. DEVELoP SITE DRAINAGE PLAN S, .. oro TO BE IMPU.MENTED AS SITE IS DEVELOPED 2. CQMPLETELANDSCAFEDPARKINGLOT AREA sso,oro 3. TENNIS COUIlT UPGRADE S60,oro MAY INCLUDE ROTATION 01' 2 OR C COUIlTS IN-PLACE 4. DEVELOP SITE LANDSCAPE PLAN $I 0,000 TO BE IMPU:MENTED AS SITE IS DEVELOPED TOT.o\I. S 134. oro AOO!TJQNt.L sm PfVFI9PMfiNT COST ESTIMATES NOT 5PEC1FlC TO PIIASJ); ONE -TO BE IMPLEMENTED Dl!!UNG PHASE D DOE QPMfNT I. ADOITIONAL STORM DRAINS FOR NEW DEVELOPMENT AREA BEHIND WINTER LODGE sa.oro 2. JtE.GRADING NEW DEVELOPMENT AREA BEHIND THE. WINTER LODGE m.oro . J. LANDSCAPING 01' NEW DEVELOPMENT AREA BEHIND 'ilIE WINTER LODGE S I a.oro TOTAL PHASE U DEYf' mfEN'T COST ESTIMATES 1. DEVELOPMENT 01' FlF1H TENr>.1S COURT COST TO BE ASSUMED BY CSt AND/OR PATC Sl8,oro S3S.000 .. - .. - --~. PJ!.OGRA." DESCIUPTION The -.;. program like the Wmter Loclge iee-skoting pr_ will emplwiu oIrilI devcIopmenl in • 1IUlturing, IlOIl-COI%Ipetitivc environment. TIle program', prim>!} roc:u. will be IIWDIIItI' group lessons, ohhous/l privotelessons will be lvailable tram tennis 1"'0$. The IIUmIIIOr prognm will opera:e lOur do)'> • week &om mid-June throus/l the end of August. l.eosoos will be twice • week lOr SO mimrt .. between tho boon 0(10:00 ..".12 .PM IlKIl:OO PM-4:00 PM. Kry Elill')' Procnm CSI pions I<> sell ke)'11o the public lOr ~e1y 5100.00 per tty, per year Purchase of I kty will enable tenni. play,," 10 use the courts during scheduled pubI& use lime.. K~ player. will be informecI wIleR keys ore purchased 0( tbese public use hlJUn. II is important to DOle tl!a! this leMiI program serve> the entire community of Palo Alto csr ,...:11 m.ur. that lbe use 0( keys does notlest6d usage 10 I p.m.::uIar dull .. ocganizatiou. KO}"1 ... :n be purcl>ased at the Wint", Lodge and kty holden will receive • sIaIemenI of the rules and regulations. Ktyoc! COUtU,. in this instance, are • method of cootrolllDg the ~ of the courts IlKI DOIIimitins !bose seeking rec:reatioa WIater: (SepI_ber -May) There .. 11: be ktyoc! mil)' into the courts IlKI fo<iIities The boon will be approlCimate1y 8:30am -1:00pm (or dark)' Loeb wiII,...t &om both inside In<! outside. Keys wiD be !OIdia the general public Plio Alto Tennis Club will pub!iciu keys to dub members. WIIll .. Lodge will pub/iciu keys and lesson program 10 ice skating customer •. 510000\yt.ar ". :,' - , Sv-. (hH· hlJ· Ag.all) The summer IenlIH lesson prosnm 81 !be MidI""", Ilecreation sit. will be designed roc 8IWP IeamiDg in & I!U1Iurin& IIOlI-COIllp<ti environment lust like the Willie< 1.<><18" ice obIins prOgrams. tbe IW!imer Iemis program .. iD WlX$Ilate on skiD dcvdopmeat "'")IOUDSSI<n ~ and his!> level play will !lOt be ofierocl in jp'0IIp lessoos MaR speciIical!y.1ltis pWmod lenrU proanm will o!fer classa during the 5WI1I1lC5' IDOIlths ot 1Ime,1uly. and August. A..ne. of ......... wilIlasI roor ..... Jcs and children will !lave (2) ~ minutolaoons per week, wilD S ohildrea per class. IIlIo!lll,...,h lesson se:i<s will olfer <IaJ>t cIassea roc 111 estimated cost ot $~J)O per~. Wtth!bur tennis <XlWti ....nable roc !bur houn per day. fOur days per week, """ bundreckixly childrea can participate per IeuoD ...nco. PrMt.leoscm may be offered 10 higher levd payers at & hig!>er price. TenrU pros would work roc !he W~ I.<><Ig. 011 I COIIIn<;Iual basi. Thi. modo! roc lesson stN<:ture 1Ia. pro~ highly ~ II !he ice IkaIing facility and ,.,lI ............ to !be 1emis coon ':00· 10:00 AM ;0:00· 12:00 AM 11:00 ·1:00 PM 2:00 -4:00 PM 4:00 • 9:00 PM Friday • AI Day TERMS OF THE LEASE The lenDS Irid lXJIICIi60m of'the lease fur the proposed I""';, fIclity should eoincide 'O'ith the.........,. Wmter Lodse lease. The tcnninati<>c dale Illd op!ion Ie extend en both 1e&s<o IIlouId alto be icIemicoIle tho eurreot 1eue. SlJPPOIt11NG MATERIALS . , --.. INPI1T fROM PALO AL TO TENl'o~ CLUB In ~ .. ilk the ~ of the City Council, {'S,t bas bad • ouml>e< ofmeetings Mlh!be Palo Aha TO!rls Club 10 cliscuss imp1ernentanoo ofPbase J 1J>I>T<>'.'Od by Council I<:tion tnd!be dMdopment of the remair1<16 of the sit •. PATC bas asied CS[ to IUppIemen! PIwe I of its proposal MIl the Ibllowing. • • • • • • Pro:semarlon 0(. !IIlmIIler skill developlllOllllesSOd series Comidemioa of re-alisning the Cl<isting coon. 10 minimize !be sun', etl'ect E~ additioD 0(. Iit\h court Ughted QlUrtS llesI room fio<iIitieo Special evenS -mg Willi respocIlo CSf. pbn 10 ~ the rour existing <ourta. the PATC bas requeoIed thai CS[ consid" re-orienting the <CUrtS by 90 degrees 10 minimize sun-sJarc PATC lias olto asied CSlIO eansidc.-Idcfins :lCating fa< pll)'<fS anc! a obade.: pBtio 1rOI. PATC bad bopod 10 pin a<IditioDol ~ghtod cowts. Construction 0(. fiflII court 10 make • more alIl'toIive _ ficiIity y, .. also requested by PATC. CSI ... ogroocf 10 impkmenl the requeoI<d ~ems as pnctic;ab1e. Iinan<:W feasible. as is permitted by ill previouJ COII!rK!uII obIigatioos MIh the City. CSI ... also obligJIed 10 compIeIe the COIICIitiom 0( Ill< Ieaoe sovemins opemions of the WlIIter Lodge snd 10 must oompIote the iii. porking im;pro •• ", .. n" .. well as !be lenni. improvement •. Oae o!PATC's hOpe. bad beea fa< additional Ighted cowts at the Middle!ie!d Road site. CSI hu ougg<sted thall' ATC comides I\mding lighting DO cowts at otber City Courts ()( Scl>ooI District cowts 10 eDIble !be comrntmity 10 benefit from extend<d <ourt u ... .', ,':"", ,.'" " ,- \ \ ,-,. ': '.' " /' ,/ I ,I ,I ( : i \ , , C'" •. ",.1.' . , IIOIITABIdI ORANo-ITANOS I'08IIIBLI IlIloOIIIBHTEO COURT CONPIGURATIONS "1?".-r.c.. 11toj. • ..wHlaTlIOOIIa AND COYEII&D PATIO AIlIA FIGURE 1 CONCEPTUAL RENDERING MIDTOWN RECREATIONAL FACILITY DEVELOPMENT OPTIONS , ' 1l..'o\.I... ITH TeN". OOURT AII&A 811AL~ p"nJ(/BIIQ AIIBA ----- IIIDDLEPlEI,D ROAD / ,'." "," !', I " ( "':' , I', I \ .. , ' , , ,. " ", " ~.-: , \ .\ \1', " :X/,-', '""," >,,:\ ,/ , ' , CT-I CT-1 CT-I EXlSTlNG PI\RKING -r WINTER LODGE EXISTING PARKING NEW PARKING FIGURE 2 POTENTIAl FUTURE DEVElOPMENTS .~ .. < "'''1, '-.P;l. <'.r;· _::_~>::"-:'I . r-l(;,'!"':k"'~~\ ~:::-:;,tt.ft5;!:~~/. -Y~i!r,~ .. ,,'!I:,),t.'>J~\..-" _ '_I!!",~};j'~i"~~,q'! ~_;?~:~~f3~-,-~;:,~_,;~:.~;-, .~ ~:}~~~~) ~>:~ ,;;,1) '"J (!;,':,r "~<~"{I;;' "'i.F"; ~' ;.;~'(r!-.<,.~::." :~,<, . "r:'::~->,:;' . '\", , .-,.' J , i I / I I \ I 'I ,) IIIIIlI.. - ~ 1h.~ _,1\OOMa PATIO II"ACKDAR A".A ~~~~~ ~~ J' ......... ~ ...... ....... ~~ .,....;...-, < ~"iU}.A_>i!'~'~S'tU'''''''f ... JS:;'' " ~~l!1fW'" ~:!~r -" --- FUTURE RESTROOM AND COVERED PATIO/SNACKBAR LOCATION j\ "" li /j --:. .. "'.~"""-~"-:' ~ .. ,,-., :.::,'I'r;! .~~.~:'>"(""';: ;':'!~'f""ff!~f-\~ (·t::~,\':t-:-~~-' "?'~J !";'~;~":">t,~~a;~~ .. ...,.\::,~~r"r ?'.t,~\.'7""_f\'~'_~'_~'I);~ 7":':.1".' ~"<''':~''' :"t'f~: f<":'C<\" }. " ~' -' l; .... ;.'--~,:,' '.,> C" ;,;";;;~;~€~;~J:~:i':\:~;;~ ',' "', -,:~,,,/ " \ .\ \\" '_/:, \ " .,',' ".,-e,\" i':" '~.;: ,', " '; ) ,i , , " ,'; -", .. >::., ,,' , , " .. ,' ,',1 " -:~ , .\ , CONCEPTUAL VIEW OF RESTROOM AND COVERED PATIOISNACKBAR FACILITY \ _,,11' .I ..... _,~ .... ,'., Pro -tfl.SOO$: Tournaments: e Commllnq-Skating. Inc.. ® P,Ojected Tlnnis "ogI'''"TI lneome Thrft 3-WHk skill de.:elt;pmeni: s.euions t.runl! 1~ to August 25thf Fifty mlnutelessons. twice • -.nek F"~ shJOents per i"lstr.JClot" four avdable courts lesson FiN: $50 P'2' session ll$$Otl im" t~OOam '10 12:OOpm, 2:00pm unti 4:00pm MaUnurn St'.;dents p ... $um"t: 1 SO Ma.lYmum l.tlSstm Revenue: 3@(16O!<$SOJ=$.24.OCoO ~d fievlilnu8: $.24,000" 75% = $18,000 OuOng:1he non-s;ummQ( sease-n. Ies.on.s wili be offered O~. demand basis 10 irldMduals Ot SlTIalI eTasses. Esrimated RevQnue: SlOfpriYafe lesson; $5OJgroup 'tes$on. twi~ iii. Wri!c for" 'llJr3. ecp.ctsd Revenue: $2,000 Key -er\try s~{Qm Fall. Winter '-Spring Hours: 6:30am to f:3Opm '7 day$/wfl: $.oJmmer Weekend HOl.Irs~ Same Summer-Weekday Hours.: 8: OO;£:m to cfartt. Es'funa1e-d' Re\lenue: 100 k'5YS @ S 1 DO/kay Expected Fleveune: $1-0,000 .Focr eourts are riot an kfeaT eonfiglJtaliol'l but until SEJC:~ time as the fifth !:Our! is buitt. Jour .::::ourts wiII be reservabie fortcumam~;lay_ Tournament Fee; 525/ per court/per iJa, Expec.led R.eYenue~ S1.00Q. Community Skating t~. Ptoiect!!!d Tennis P;ogram 1n~me P~oIecte-d Revenue: Slimmer l@$$ons Other Lesions Keys Toumarnants Total R evenLle ProJected Expe!lu Teaching Satarie-s FIR Tax .. & v.'C Ins. P,a-Fee:;. Key Syslem Annual Court Upkeep Annuo1 Lo! Up~eep Offlce Experlse Annual Arr..ortizaoon r olal Anua! Costs Esfimate-d Oeftcit Court Refurbishing FotI1 Co .. " r otal ~efrb Costs Ann .... al A.'1'IorUz.ation 1 MOO 2,000 1'),000 11,500 3,000 2,000 2,500 2,000 3,orJO 1,000 9,500 ~O,SOO 19.5OO! 60.000 35,000 95,000 9500 .:.>;-- ~ " AllACHllENl t o MORTON &-A~50CIATfS • • • I'Jo1 SHE"\4"~ II. Iii. !1 II IrE t r,o,lO ,o,\.TO C,", H"", r"J: of I' l! J ) I H 41' llJ '''Ii~ NO'I{ell\be.t 17. 1.9 94 Board Of Directors Community Skating, inc. 300S ~~ddlefield Road Palo Alto. CA 94303 Dea r Soard Mem:be rs : At your request:. I am responding to a q.lestion raised by City staff regarding the f!nanciGg of ~he costs for the park~ng and la&dscap~ improvements plus the financing cf the addit[o~al costs needed to ~efurbish the existing tennis courts at the former Chuck Thompson S-.. im a. .... d Tennis Club~ Community Skating, Inc. pres~Dtly has the capability of firuL~cins the site ~05tS from its current operating surplus. Per the ~ion approve~ by ~he Board at its Nov~~~er 17~ 1994 s Board ~~eting. CSI will purchase a $10'0.,0'0:0 six month T-Bill to provide a reserve for th06e site costs. Based -on tiie operating surplus generated by t.he p:r-ogram during fiscal year ended April 30 .. 19.94 .. Comrnunity Skating .. Inc. should ~e in t.he position to fund the tennis court refurbishing frOOl. the operating surplus projecc.ed during the up.ccming lease option period. If &ecessary, the Board could negotiate an extension of the $25~~OOO line of credit it put in place to fund a portion of the costs of the en-closed teaching x'ink. At the Bcard"s request, I have drafted this with the Board's application to lease ~~lefield site. letter to be submitted the balance of tbe The financial statements of Comur.rrdty SX:at.ing~ Inc. for fiscal year ended J.,pril 30 .. 1994 will also be submitt.ed in coajun-ction with this letter to support of Community Skating. Inc."s financial ability to -complete the lien conditior~. RegardS'~ .Jack Morton Certifi~ ?~lic Accountant , : ' .>,:.-. ~~~ITY SKATING, INC. (.'CMPILID FIIIANCIAL STATEMElIT S April )0, ·1994 Board of Directors Community skating~ Inc~ Palo Alto, California ---, o MORTON ... "-SSOCIATfS "'CCO",' ~ T .... 'i c.,. '::0 l ~o. A TtO!lll • • • "tI '}lEIWAN AVI 5 tll T Ii I PAl.O .UTO C" 9+'()1Ii fAI 411 llJ JJZ4i 4IS]Z].CIIIJ. We have compiled the accompanying statement of asset~~ liabilities and fund balances of Community Skating~ Inc. as of ApLil 30, 1994, and the. related statement of rev-:.n,ues and expenses for the t'Welve months then ended in accordanca ~ith statements cn Standards for Accounting and Review Services issued by the American Instit~te of CertifieQ Public Accountants. We have also compiled the aCCQmpanling comparative state~ents of revenue and expenses and variable boOget state~ent ot income which are presented only for supplementary ~~alysis purposes~ A compilation is liDited to presenting in the form of financial statU!ents and suppleme."ltary statements info,rmatio-n that is the. representation of ~anagement. We have not audited or revie~ed the accompanying financial statements and supplementary statements and~ accordingly, do not express an opinio~ or any other f~rm of assurance on them. A principal of Mo-rtcn , Associates is a volunteer director of Cc~unity Skatin9. Inc~ but his se~ice to the organization in this cap~city does not impair his independence~ ~~/~c'ad:a Morten , Associates Certified Pu~lic Accountants )fay 17# 1994 m CQIIMUNIT'{ SJ<ATING. INCA STAT~OP ASSBTS, LIUILITIES AND'.:fuNo BALA.'lCES April 30. 199( ASSETS Operat;ing Asse.ts Cash in BaM -B of A Cash in Chec:kill9 -UniY N.t Bank Pett7 Cosh Cash In lIc>ney lIarkot Inventory -Nota l Total Operat1ll9 ~sets Fixed Assets -Note 4 OU i ce EqU iPl'ent Refri9.r&ti~n EqUIPl'ent Ice Cleaning Equipment Sound System Bleachers. Leasehold Improvement Rinl< Expans ien Total Fi~ed Aseets Less Accumulated Cepreciation Book Value ~f Fixed Assets Other Assets Casb in UNS -Lease Deposi t Caeb in ~~ -In~~ance Deposit Water Hete," Deposit Total other Assets TOTAL ASSETS $ S8L 92 144,143.74 BOO.OO 152,.232 .... 5 6,0-0-0.00 9,213.56 2 ..... 996.80 17,.949 .. (10 4,,707 .. 91 9,,381 .. 60 3!"OB1.34 505,584.(8 S·09 .. 914 .. 69i (122.525.88) S.( 0·00.0·0 11,. 5·0'0 .. 00 36.49 LIABILITIES , FL~D BALANCE Operating Liabilities Line of credit -Note S Total Operating LiabIlities Operating Fund Opening Fund Balance CUrrent.Depreciation Adjustment current Earnill9s (Loss) Operatiog FUnd-Closiog Balance Fixed Asset FUnd: Open 1ng Fund sal ance CUrrent Depreciation Fixed Asset Fund-Closing Balance 'l'O'rAL L~ABILlTIES , FUlI1) BAU.NCE $109,166.51 74,,1aC~82 27.636.0'0 .10B#710~21 515.,024.81 (21.636.01l) 'The Accompanying ~pil&ti~n Report and the Attached Nctes are Integral to These Statements. "-" .' -. " • $303.161.11 487,388.81 $109,166.57 $801,686.(1 0 aMUtl!l' sa:Al'tN .... t.e. ..Q. (CMpAllAT 1\4 IHATEXOr 01' REVfJi'"ES JlIItI 'or the r.-I,... 1Korlti'1I1 ~ Ifrll :sa, ,,.. et.rrllOt ~t1I C\Trtnt lIb"ltfl lIiff .... ent_ Tut-to-!)atl TIIfl leAr Wt Tev ni. Tn,. ~ ~~Tarw; S .... S 5<6.00 • (56.Lil.OD) S ".00 IuM ""HI" S .. ,o,.0!11 !>S." 112.00 '.587.00 .',.te .ldlI:uim '.4060.CC' '.n1.OC (1 .. 261.80) 1.23,Z97.t5 It'-.coo.m Adatss, an t95.QIl "0.00. as.OO D.nI.!KI Slut. kntats 1.17J.OO t,506.DO (D3.1O) :9,290.4' teuon rIteS '~Gt1.25 '.m.oo 1,D4.~ :16,763.7.:5 Party 'ftS Z.041.GG '.2P1.OD (2.8i04.OCJ 101.751.29 ~ "tu :i:n.::o. . .,.'" (1,712.!9> 1:665.;" U,067.all) Z .. li'iiO.1J. ~~1'nJ. .,c . il4.DG 209 ... .... ' .. 100.71 ....... 'Ucdor (20.'X)) .... (lO.OD) (S1'O.bt.) :;:"tertSt. ,!1'S.65 3 ..... C1U.Ul 2.Y5.J6 ----- fonl I<vcnuo lO.2.6d.1!1 2l .. J19.M 0,19.15) 526 .. 0G1I. 3a ------ moo.. '~ff CCIIP'f"I'lriar. 111 .. ISIJ.4! 19.016 •• ' 6".1.7 lQ9,5U.51 ~Hu -S<::M:du~. ~.'O ~~".oo. (1.~1_1OQ) &,~.t.9 .f-rr~ t E~K • $died' J .. 376.91 l.5501!1.3a (t8t .45') 27.60Z.?4 tltTHtfes S,2lO.'N. , ... 7tI.~ "".SO 26,S06.41 luflcfil1Gl C~tI -SdJed .... H.~'.'~) 1.""'.'5 f,S91.06 t'lfipt'lelrt C~t5 -'Sdl~ J .. lSZ.9CI '.1!9J .~ (1.S4!1.7'I!) ~.JO';I.69 AdYe.'"tisT., l'roalOtl!r. .... .. " t." ' .. Q6I.3Cl .Print"ir.cl .US .. ,. SI.tS ',OJ.9.Z2 P3~"" .& lIl.ili." .... .... S.'" !Sa.co ..... ..,,, '.IJ!I .... ',m.il! lr'l5'laN:. -~~. .... .... ,.,. 17.!i99.9Q FH$ ..., s-rvica -S.:fot6 S.6$.~ 1,332.0 ',.lS130 18 ... ~S.307 ~r~ -Sc:fled.l!. 1-.~51 S .. 441.!1 [4,1aJi.2'} '6.~.36 .1W'1d •• 'fur ~ .. ,. .... .... .. '" 'ir.t.uat £~ 611.\.1 1,QS4.n t3,.'"7.60) 1(1 .. lQQ.16 r.·ttpliant 813.«2 J1'2,~ .... 11 '.Sl1.~ ----- Taul iJrper'$o.& 4C1,563.a5 4!.'1~Jl'S.tIZ 1;'3.13 3IJ9.~.17 ------ l=t~i1'lf1e'~ C20,3nl.IS4) tl1.G55-.16) (3,2'<.1.65) 06,346.21 ----------- OTIEJ IJmJE .. ~i) hpr'eci.ciQrl (I,W.DO} a . .4C9.DD) !06.oo (27'.636.DIlJ .rrt;~\11'1 '.DO ' .. GOa. DO {5~OOO.OD) .... ------------ ro~ ~ T'"1I;: I flIiP <2,3O:J.GCJ 2.59'1." {'~Iqr,{,.OO) tZ7.~.OO) EJltist. Of" RE'lE~ tJw"U; ElO' "t{22 .. ~.!.4} S-t'4.\UO.'6} , ("&."t4'.~} S·,OS,7'ilJ.2' nu~ AcC~1"lIII c~rt.tian "~t .rd t:.~"" JotucMd .g,tes .r.-If1t.at til ",~ SU':efIWI"sts. Tear;ta·~'I. "fhranc.~ lut Ta>"" I "".00 S (t.11.oo); S. 271. !IO '. 'HI.5O ft.1:45.t2 2S.'t4.!I.a 34.~."" C996.3a~ 2!i.m.:lO ' .. 511.4. l13,067" .36 J,6i'5.n 99 .. 222.25 2 .. S29.~ '.152."" 1!31 ... 2.7U.tS 159.56 ..,,, 61'O.64J '.1.34.06 ".29!.711) 423."'5.25 )1.9063. '!3 ----- 202:,887...36 ' .. 69&.9S 6.90.2.78 {ZSI!!.~ J4.414....R (',EH.SII) 39,5><;.17 (13,1)I',].1't» 1.7. cas . &I! (10 .. 497.6Z:> 25~ t79~ ~5 HI,13lJ.54 1.112. Hl d,D60.8U, 1Ii,Rt;,Qa <:i.n.16) 143.97 ,!1".09 .,m.ro as.lXi,) n..~.2& '.Dn.62 10 .. 2.77.$2 ',267.45 2l.m.Z2 cS"m.lI6} 11~.'6 ("'e.~} ~5.' .... n C'.778..Q) ' .. 420,1(,.4: 161.26 ------ "Cl2.~1.a1. (~J.2!9.~J -----,------ 85,m." SI.2S2.n (Z1.'E9';.IXl) l.l1.fIO) .... I.DO ----------- CZi'.5'X1.00) <v. GO) ----- S 57,494.'" S. 5! .. 2'S.n .' .. t) CXMUtIT' SlCAllkC. flii:. ~ SlATDIEXT or I£'\I£)Q .up P.PE~sa U~T MEOl.4J! For tM r~t ..... ",,"".fit. E/'J6e.d .4p-i t 3'1,. 1m t~r.nt fIont!l CUrrri ...,tII D[ffl1"ll"C4' Tu".· to-llate TIlls r..,.. Lan .1ur rhf' "'ar W£S IItCOE Ibt .. $411" • 115.01 • ".00 • 118.CG • 1'~l¥.&S COllI' of 1Ut.s (Z,I63."J4) (1,«30.84J (1.1ll.5O} "' .. '11 .1S) In Rite 'Cal .. ~.67a.:54} ,95'.14) ,'.m.so, ''',19:. 27J ----- Ac:cftI:cry s..t_ 945.45 1.~1.71 (298.D) l,l9S. \7 '«It cf AcI:IssGrfH .... (PS2,.~) 95> ... O .. C32.9C) -..:~s.rn ...... S m.8J .... 6l 5,165 .27 y..n,. to.luTan .... .... .... Z,317.l"3 Je.1; 'd .... 't_ ,.eo .... t.,. 2.117.n ------ lift--s.1 .. I~ S ('1.7l2.8'Q). • (US.I)' ) I (T,W.Be) • 02,690.71 IfNE1n, 10\'& ~vc. • .... '" • -... • (V'.90) • S .. Q'''_~ truu:.I"EiI(iIDYH • .,.ffc. .. ., ...... <Q'90.CiJJ '.'7'0.09 Toat ~u. • 361.1' • ... ~1'6.oa • C'l,OG7.90) • 6 .. 6&4.49 'AYItl..1 EQlEMSU $oc;;ai $eCW'fty • JJ 31!." • J.!5&.Je • <181.'S} S 16.Q2,f06 VOrbrs-' -t0Cllll' .. '" ..... .... n.1oSa.45 T~\ 1lrytoU ......... J~J76.93. • J~5S1.31 • (IEU.5) S l7~6(l2'.94 The Aa:~i ... Ca.piLatiO!", 'epGr1. II"d the "n~ lot .. U'. Int...".~1 to Tt..e$C' St .. t.,...-,t •• . . ',. ,. ,,,,..,..'tfl·:Oat. Dlffer_nu' la.t Tear , '''.142.91 S t3.M.OS) iUI, '03.~J n.D77.72) "'.so ('.aM.m 1,344.60 (~.43) CI,OC'.34} S..,391'.44 ------ (95.74] 5.25-;.C1 ' .. 7'58.28 SSt.4S ._---- '.151.21 559.45- ----- • 1.7'52.04 • 9J.8 .f9 • S.ZZ'.3l • t204.92) '.1'2'l.l.6 CST .31) ----• 1 .. 942.711 • (25S.29} • lZ.?23.7'6 I U.SCrt.SO) 15~fl90,56 ,4.51C,06) S 34.41'.32 • C'i!i .. EoH.3&l MLl:flfG OXT' lKfUt)' t .... • 'l1p!r , _fnt~ '~r&X_ Tot.t "'" ~Ifi"l Cos ..... • trUlPIEJrf CDilS I f!i: E<1JliIItM • ~.::: . "-~ ." "'; "~ --;r .. " aJIIUrtHT S(J.TlIljG, [»e:. lTAWEtrr 01 IMIftJE AiItJ ~.sn 1U"PGt1 SCHOKU. Diffet"~. .... • .... • .... .... 10";'.'-6 (t.91.46) .... (2. t31.P1) Z. t31.91 .. ,. s ,1,e.U.4S: • 1~6(1.'5 ..... • .... a93.M , ~4,asa.8Q) rur· u-I)st.e This 'fur • '.000.00 9.\l8O.lS O .. 4a9.19) • '~591.06 s tS~%l~94 r,..,....to·g .. r. last hoar • .. ., M,9l.L91 O~151.~J • 17 .. C8S.68 I l5~tn.u Equf.s:-"l C .. ir/MItlU:r.nIi1C ",3T!I.~ .... J~3U!.D4 19~Jt.l.~ .... -ht.1 ~~ CcsQ • :1UWA»Ci "illbiH~ I~e • 11r-.ctCM"'. rrw:ur..-.:e li.n , CKlAI ty Ir"IIO\I";nc1t Tot.1 tnlur .... e: • lEU IdG satVttU "~~l;_ • ~0U'rt ing Fees .... .,.,..... rUA r ... ~t~ 'NS Totat 'ftS .-.f Servie-t S -". CffJ-e. I[JIpIftse • "l'OliiI~ s...wtia. ap.r.t"int ~ fes liSCl'l[...- lohl ~les • ---------- :J.lS.2.90 • '.&13.66 f (",~.1b) S 35,309.69 .. '" • .... • '.00 I t2~I!54.30 t." '.00 .... 4(, ~!t t.'" '.00 t . .., '.7D',~ '.00 • .... • '.00 .. 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Zl8..431 4S'~o; , cs.m,86) !D ctMtJNln 5OT't)jG~ I/OC. @ V .... IAJi..E Il.l.lIi£l STAT~ .. r Oi' 1.aME 1.,-tk Twel-..-e ~tht; iI'ded Jp-il 34, ,"' Clrrtnl !leoti! e..-,...,t fIon:ll v.,-r¥oU Tear-ta-C lOti kt .. l ..... ' Act.,., .....,.. CcnutbtttGN • .... • ... • .... • " ... lU"d "'MIt' ' ... m.ot .... .,631.00 '.3a7.«1 SI,.t .. .t.dIi .. 1an 1.~.:sG •• 00 C .. 4tiD.CO ID ... 297.tS .>KCP\t """"Ton 195 .• ..'" 115.00 !l.DI:.D9 Sbt ••• "u(. I. \:"3.GI .. " '.17J.OD 53,290.41 tll'UM fll'ft IZ,e21.25 .... 12.Cli.i5 216.76].21 Party 1 ... I.W. !JCI .... 2.W.OO 1(l1.7'5'.~ In SIotes lncC81' ~ SdIecr (t .. 132.M'l '.00 <,,-i"302.8'9) 2.~.T.! ..."....inr •• te.· m ... .... llfLOO 1.1Ce.n _}IJn&r (20.00) .... (lIi.OO) (5-70.6'~ t".ts:nst 2.T5.ES U7.QQ (!'ii~ .35) 2,&8:5,34 ----- Tourl~ 2O,2'IS6.1I1 W ... 19.929."1 526. GO.'!.34 ........ luff CaupenllltflP. 19.m.a ,.s.~.oo (697.48) 21)9.~.51 1000fi u -khe6.lfc 360. " .... 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S{'6,26(!.36) i ! o 0 NOTES TO FINANCIAL STATEHElITS April 3." 1994 NOTE 1: OR<:HNIZATION AND HISTORY community Skatlnqr Inc. was incorporated as a California non-profit corporation on Nove~er 18~ 1965 in order to ~tinue the Educational and recreational ice skating p?oqrams offered to Peninsula children and adults at the Winter Lodge. This u.,...,lque recrE:ational facility, formerly l'"~med the Winter ClUb, was constructe~ in 1955 by Duncan Williams, a professc~ cf e~inee?ing at San Jose State and a native of wisconsin. Th.e facility incl'ildes two separate ice. surfaces, an outdoor-public session rink and an indoor lesson rin):. A large overhanq roof I stretching between the ·club house' and the retriqeration machine loom, shelters the outdoor ice rink, for part, if not all of the day. and permits the rink to be cpen seven days a ~eek from September through early May. community Skating r Inc. ~as the successor ~rganizatior~ to the Trust tor Community Skating. a volunteer group formed April 11. 19B3 to prevent the demolition of this popular family-oriented recreation environment. After neqotiating a postponement of the demolition, the Trust acquired the facility aDd equipment from Hr. Williams and, t~o years later, in February ~9aSI qualified a ballot initiative authorizinq the City of Palo Alto to enter into a lan~ exChange for the facility. Tbe ~llot measure was Clverwhelminqly approved by voters in November 1.985 'With the provision that the program continue Yithout city funds. After ~e exchange vas completed in the spring of 1$87, the Palo Alto city Council changed the land llSe. zoning of the ~inter Lodge parcel to that of a public facility and fo~ a Oi.,e-tille pap.ent c! $10,0, appr-oved a 20-year lease with Communtly Sk6ting, Inc~ to operate the Winter Lodge as a community iee-skating facility in conc~rrence vith tne voters' mandate. Public skating admissions from allover the Peninsula exceed 20.000 per se.ason and each year some 3,~OO preschoolers through seniors fr-om S~n Carlos to San Jose enroll in a vide range of classes from beginniT~ to advanced. There are more than 12.00'0 dedicated ice-time adJ!issions annually vhich include $pecial needs groups (such as the emotionally, developmentally" or phy'sically handicappe<j], school physical "'.' '. COKMUNIT¥ S~ATIN~" INC. BOTE'S TO Fl.NANCIAL S'I'ATDlEN'l'S April 30, 1994 !lOT!! 1: ORGAIIlZATIC'!f Ml!) HISTORY educat.ion clllsses" brownies" scouts" and other youth o~ church !jt"<'IJPS. NOTE 2: SOHKARY OF S!GN!FICANT ACCOUNTING POLICIES The Corporation operates on a fiscal year ending April 30 and records incooe and expenses on the cash basis of accounting in aocOraance with the principles of fund accounting. All t~ansactions are in the tollowinq funds: The Operating Fund vhich consists of unrest~icted current funds over ~hlch the Beard of Directors has discretionary oontrGl and with vhich the organlzatior. carries out tha ac~lvltles described in its bylaws_ Restricte~ yunas vhicb represent resources expendable only for the purposes specified by the do-nor. The Fixed Asset Fund which records the cost of the land, building-and: equipment" net of accumulated depreciat.ion_ NOTE 3: XIfVEN'l'ORY The Winter Lodge maint~ins a CQnstant inventory of rental skates and a small inventory of new sk~tes arA accessories whicb is reoorded at management's esti~ate of the aggregate aoquisition cost. NOTE ,: FlXEP ASSETS Office equIpment" refrigeration arA other equipment plus the leasebold improve_ents are recorded at cost and depr~cioted on a straight-line basis over 10 years. During the S~mer of 1991, the indoor lesson rink vas demolished and replaced with an expanded" e""lClosed structure and the office space and re&trooms in the club h~~s~ vere re~eled and en1arged. The rink expansion was funded by funds; accumulated in the rink expansion fund and by a line of credit from the Sank of America (See Note 5., below). The cost of tha rink expansio..'"l is ~1ng depreciated en a straight-line basis over an estilDatec.! 30 year life. Onder the terJiDs of t..""le lease with the City of Palo Alto" the fixed a$Sets become the'property ot the city but th~ obligation to ~aintain the facility re~ains the Obligati~~ of Co~~unity Skating~ Inc . . , · . COMMUNITY SKATING, rNC. NOTES ~~ FINA.~CIAL STATEMENTS April 30, 1994 NOTE S, LINE OF CREDIT The Corporation has a note payable to the Bank of America in 60 monthly p~incipal installments of $4,166.67, plus intere$t at prime plus 2.5 percent. The note is personally 9Uara~teed, 00 a pro-rata basis, by five individuals who are either members o~ the Board or resid~nts of Palo Alto~ NOTE 6: COMMITMENTS In accordance with the intent of Measure A, passed by t~e voters in ~ovemher 19S5~ community Skating, Inc. has a twenty yaar6 no cost, lease vitb the City of Palo Alto. The lease, wbich expires in May 2G09, contains a 10 year renewal ~ion and requires CSI to Eaintain a security deposit of $5~O~. This deposit is beld by Universi~y Nati~nal ~nk and is reoorde4 on the balance sheet under other assets. The terms of the lease comait Community Skating, Inc. t.o operate a public skating program and maintain the Winter Lodge without the use of any funas from the City of Palo Alto~ NO'l'E 1! nlCOKE TAXES comm~~ity Skatinq, Inc. is e~empt from federal and state income taxes under section SOl(C) (3) of the Internal Revenue Code. and under the related state provisions4 ':.-,,.. AlTACHMENT 0 SUMMAR¥OF ontQN TO LEASE between Ihe City of Palo AlIo and Community Skating, Inc. Co< th< fo<mer Cb!IC1i: Tbo!JlP'lOll 'fir at 3005 Mi<ldIefiold Rood Cgnditjpp, of die Ogtina l'rio< II> exerc'.sing its opIloo 10 Ir= Ihe property. Communi~ Skating, Inc. (CS!) mllst satisfy Ihe following condition.: i. Pay th< option pu!clIase price ($1,000) 2. Submit schematic p1.ans Co< the project wi1llin six (6) monlhs .rth< eommencement of til< cp6on. 1. Obtain approval of. conditiooal .... permit {or th< ~ cicvelopmeDt and operatioo from !he CiIy's Zcolng Administrator. 4. Comply with all requiremeDts of the Cafuomia Environmental Quality Act (CEQA). s. Obtain "l'Prova! of its development plans b: Ihe enIize project from the Arobite<tural Review Board (ARB), P1snnIDg C<Jmmlssion an<l City Council. 6. Obtain approvals from the City .EngiDeer and Chief Building Official of C<lnslzuc1ioa dnIwings., inc~.oling Ihe C<lfISIrUCtion r.ootract b:m and proposed eonstruction ""heduJc. l! property is p1wed. d>is req-.nr.m.mt &ban apply only 10 PIwe I improvements. ,. Provide evideoce 10 Real Property Manager 1baI ;my and all permits from my agetl¢ies having pre-<:onstructin jurisdiction over the proposed development have been aut!rorized and arc available. I. Saiisly !be Dir<ctor of rmaacc \bat optionee has sufficient finances oc financial commitmeDts 10 implernenltil< project .. approved by th< City and furnish 10 Ihe o;.rocto< of Fwance ~ 1h&l suffieienllinancia! se<Urity will !>e "".nable 10 eonsInIct the project Ifproje<:! is p/lased, lhis r<qUirement shall apply ooIy 10 Phase I improvements. 9. Optionee shall enter into lease wilh Ihe City {or the poBinll ar<as \0 be lISed in common by patrons dille proposed tennis f8cility and 1he cxi<ting icc shting rink. .. -,!,,"~' ICf'PH of i\c , Use IEMQR' City of Palo Aha l}'NANT' Coa>.munity Skating, Inc. PIIEM!SF.S· 3005 Middlefield Road (fonnes Chuck ThomJ"lOll site) p]lRPQSE: The pu<pOSe of !he lease is 10 provide lOr !be development and operation of. recrtationaI !ac11ity offering II:nnis lOr public play and instruction. The term oflbc lease is 15 years; however. at !he time the <>:>600 is e.e",is«!, term "ill be adjusled downWllld '" mat<:h the remaining !em> then r<maining "" Tcrumfs lease fOr !be WInter Lodge .Ite (current W"mter Lodge leaset.:ml is 14.75 years. renanthss an option 10 extend the term of the lease fOr 10 Y""" under certain rondItions. REQUIRED: Throughou!!be \em! of !be lease TENA."''T slJalI provide tlJe fullcwing services and activities: ... pubiic recreational tennis factlity including tennis instnJction (group and private lessons) andfor scheduled pubiic lISe. B. PERMllTED: In addItion 10 !be required uses, the IOIIowillg uses shall oIso be permitted.. but only os m.:identallo the required uses: I. Scll<duIed pubiic IlSC: of courts may be tl!roo~h • key entry program wherein keys 10 the COW1S are leased 10 the public fOr. fee. 2. P<riodic US<' of the Pmniscs fOr tennis !oUmamenIS and other orgaw7,ed tennis events.. 3. Fund ralsing activities ooJy 10 support the required semce.. activlti"" and ll><S, m.:1udi.'18 but not limited 10 !he hosting ofbenefits and so.."iaI a...-ti\oities... C. OPTIONAL: Subject 10 ihe prior ...ntten approval of the City Manager. tenant may pro>ide additional services and uses which arc anc{]lary 10 and compatible wlth the n:qui=! uses above. ," . .. -. ~- D. PROHIBITED: Any """ not1isted .bove under teqtili<d, l"'"llitted 0< optional uses. mNSIPEB A DON/RENT· A. MooeIaI)': Upon <XOCUJion oflbe lase. TeDAnt shan pay City SIOO for the entire Iem1 of!be lease. 8. Non-mooetary: TenanI ~ 10 operate at not cost 10 the City & publi< tennis facili.ty CODSlstenI with the pu<pOSe5 and mjuired and permitted uses culli=! in Clouse D and Clause ill of this lease. SEQ!IUJY pEPOSIT' SS;oC>OO. CONTROl· OF HOURS, PgICES AND PBOCf-P! /RES' CiIy may _ operaIing hour.!, procedures and prices 10 ~ that they are fair and reasonable 10 :he public. BFlllIIRFD IMPgQ\'EMENTS m BE MADE By TENANT· Required impro~ L'"C those improvements MUck are identified and shewn in the plans awro"'Od by !be City :luring !be option period. Improvements may be pbased. ~rmimum vahle oldie improvement. ill $100,000. CONSTBJ rTfQN' OR ALTER AnoN By TENANT: TenaJJI may DOl make any chlmges 10 the property without prior City review and approval. T_ sbaIi be responsible for all mainIerumce and ropair> including all tbe parking areas. ASSIGNMfNTSISUBl.fTIINCr: Any ossignmeut 01: """,.unbraoce of the Ieasc must recei.-. prior City approval. !NS! !RANCE; Tho _ sbalI m.mtain ir15urance meeting lbe City's standan:I require"'eots for m:,"urance protection. TeoanI sbalI be responsible for all costs for utilities and taxes and assessments lOr the property. AIT ACIHJIT E Proi~t:3Qn, Middlefield Road· Tennjs Center, Community S~atlng, Inc.' . This ~ is made this __ <lay of ___ , 199_ by an.j between the City of Palo Altl), a lII.IDicipal corporatj<>n, ("C[n") and Community Skating. Inc,. a California non·profit corporation {"ueTIONEE"). RECITALS A. tlTY owns property loc.ted in the City of Palo Altl), Santa Ciara County coomonly referred to as the former O'UCk ~soo site (" PROPfRTY') more specifically described and sha.Tl in the lease atta~hed hereto as Exhibit !. ""'kft (><hi Pi! 1s made a part he!'€Of. 8, tITY. in CCI'l>1iance 'tIith Its Policy and Pr~res 1·11. iSsU€<l • Request for Proposals for an option to lease Property and received a prllpO$<ll fran OPfHlH£E ""'fch has been sel~ted by the City Council. C. OPTIONEE desires tl) obtain an exclusive Qptioo tl) lease PROPERTY, in accordance ,.;th U.e tenllS and cooditioos of t~.e Lease attached hereto as ExI1ibit I. D. CITY desires to grant an excl".,;ive option to OPTIONEE during ""'ich time OPTIONEE shall develop »;>eeif;c plans, obtain financir,g, and Silt!sf] <>tree conditions set forth prior to the leasing aM de"ellJlllllellt of PR(»ERTY, Nl)i TH£RfFffi£, in consi6erat'or of the premises set f()l'th above. the parties hereto I31Jtua 11:; agree as fo 11"'5: L 6RA'iT fF OPHON {Q 4 0) S erPI hereO) grants to OPTIONEE an excIus"" optIon to le~se the ffiQp(RT't and tn develop aM operate PROPfRrt upon the ter"llS and subject to the covenants aM Rfl!ASO 7111 'IDfrjIS 1 conditions set fifth !leI"" and in the lease attached to this Option ,!q<-eeI1>ent as [x.~ibit I. 2. TERM Of OPTION (0. S.C) S The tena Of til! s opt i 00 s~a 11 ~ 24 months and sha 11 cc:mnenc€ upon executl an . cf tIlis agreement by CITY. 3. PURCHASE PRlCE Of OPTION (0. 6.0) 5 The ptJf'Chase price of this option shall ~ S1.000.00 (One Thous.Jnd Dollars) due and payable to CITY within ten He) days of the 5i9ning of this ~tion by CITY. 4. CONDITIONS PRECEDENT (0. J. OJ S This option my not !le er.ercised by OPTlCtlEE un'.ess and until eaer, and every follow1ng conditiOn has been satisfied: A. ()PTlONH shall t,a"e IIIolde the payment{s) required in accordance ",;t!! Clause 3 (I'l./RCHASE PRIc[ Of OPTION) abolle. 8. 0PI10Nf[ shaH have suomitted schematic plans (the 'Schematic Plans') to erN within 6 ronths of the ccmnencernent of this option. Schematic Plans shall include a site layout of all buildings. landscape developments. schematic floor plans for all structures. si~le elevations of all structures. i plan for fulfilling parting requ1rements. identification of proposed architectural theme 01" style. a detailed description of all proposed i"""ovemenls (inc Iud i nq proposed uses a nd methods of q;erat i on and a jleneral outline speciflcation Io!flich ldenti fies pl"CJIlOS€d construction material and methods). and an estimate of the total construction cost for ~11 pi"oposed illlpfo.ements. ["en if the dev~lopment of PROPfRT'i is intended to be pel'"formed in pIlases. the Schematic Plans shall irclude all planned phases of the PROPERTY·sQevelopment. C. OPT!Ct<£E s~allhave applied for aoo received a conditional use peN'it fO(" tt.e proposed development and operation from CITY'S Zonir~ Administrator. D. OPIiOOEE shall have submitted to. and shall have received approval of its development plans (the "Development Plans') for PROPERTY from CI1'Cs Arc~itectural Review Board, Planning COfII1iissian and City {ouncil. The Devel<>pment Plans shall include the ScfJematic Plans. jnteriO(" plans. 2 -.. .. --y~;-,-,-. -~~.' _.-.' ,'.'. , r ~. 0,<' < , ~.-~ .. ,-. structural plans. exterior elevations. and lands.:aplng plans and ~hal\ indicate specific plans and cetails of the resource conservation features tt) be ir.clOOe<f. If the devel"",rent of the PRO!'£RTY is intended to !;e perfOf1red In pIlases. the Development Plans sl-<ll1 1nelude and describe a11 the p>-.ases of the PROP8l.T/' s deve 1 oprent. PhaS<! I sha 11 at 1 east inc 1 ude the i!!pl'o"erents neces5ary to lllake the PROPtRII usable for the required uses under the teaS<!. £. O'T1CtH s!la1l have c<Jlillle(j IoIith the California Environmental Quality Act (CEOO, os amended, and all related CITY proceOOres for i:1l'lernet1tlng CE()/<o to .11c>< the PROJECt to be i~lemented. f. MI()l£[ s}.all have pr",~Ged to CIT/'s ~a1 Prq;erty !\aoage.' eV1dence that any and ill permits (roo any and all agencies t,avlng prE-construction pisdlction over the propos-ad develop!TEf1t including. but not lireited to. building peMlits, street opening permits. gr.ding permits and health permits Mve been Buthorized and are available. G. OPTIONfE shall have submitted to CIT/'s (tief Building Official certifi.c.tjon that the plans for any proposed building construction C<Jll1l1y. i. ill respects. with current !lojilding codes. the federal Americans vith Visabilities Act of 1990. as amended. including any impleoonting regulations. and energy cC>nSenation requirerrents as set forth in Ciliformla Code of Regulations. Title 24 for non-residential con,tructlon. The form and cootent {)f said certifications shall be in confonnance vith the requiranents <ltC.lifem;a Code of Regulat ions. Tit Ie 24 for non·residential corstrtiCtion. Should the development of the PROP£RTY be pIlases. the requHement of this subpilragraph G shall awly oo1y to Phase I int><"O'Ieme!1ts. H. QPT!ON(E shall have obtained approval of the constructioo drawings for the pI'(llOSed develqJOre1t (t~e "Construction Dr''''ngs·) from the City Engineer and Chief Building Official. Construction Ofalolings shall include: I. CooJllete ard1ltectura], ·l.tldscape and engineering 'working &-awings; 2_ Ccnt>iete construction spec; fic.lions; 3. Coo;ll ete construct; 00 contract f 0<111: and 4. F reposed construct i on s.:hedu 1 e. Should the devE10jllr.ent of the PROP£Rn be performed in phases. the OPTIONEE r.eed onll to obtain appro,,] of the Constructlon Drawings for Phase I of :he develO\J11lE'nt to €<ercise the option to leaS<! the PROPfRTY. 3 . , .. ., ',~ , ~ . ;. ,.">-, . , o . ,. '...-... ' ,. ~.-"" ..... -. . -,-/'-'- l. OPTlOOEE shall ha,e satisfied the Director of Finance or his or te<' successor position that OPTICt.jEE h.s sufficient finances or financial COIlJl!itments to i"lllement the pl~ns appr~ed by CITY in accordance with the abolle. Should the develCJll!lleflt Of the PRYERTY be perfonred in phases. the requirement of this subparagraph I shall appl, onlJ to Phase I lcprovements. J. {flJ(INEf. in a<:cordance wi th Clause r'i nOlA .. '!"' S ASSURANCE (F CONSTRUCTION C()tl'UTJON) or the attached lease. shaH have furnished to the Directe<> of fInance or his or her successor position. satisfactory evidence that asSl.lf'es tHY that sufficient finor.cia' security will be aval1able to complete t~.e proposed constructioo, as set forth in the approved Oeveloprrent Plans and Coostruction Drawings, Should the development of the f>RI)lg(11' be perfC<"1l'led in pI1ases, the requi rement of thi S subparagraph J ~11 apply 001, to Phase I i'p.-ovements, ~. OPTlOllEE slla 11 ha',e stIDmi tted tc the Rea 1 Pr~rty Mar,ager. a security deposit in 'accordance with Clause Xl (SECURITY OCPOSlTl of the attached lease. l. . if OPTIONEE Jlfoposes to hypothecate the leaseholc1 as security for a loan in accordance 1iith Clat.'Se XXII (ASSIGNiNG. SIJ8lHTlNG & ENCll".B(RING) of the attached lease. OPTIONEE shall have submitted to the Real Property Kanager. any and .11 docLJmef1ts related te> such h,ypothecotlOil and shaH pay the necessary processing (~S as set forU, in the attached lease, ]>f. OPTlOOEE 5~.an have entered into tease 1iith CITY for the parHng areas to be used io cooroon by tne patrons of the prQo;>osed tennis facility and the existing ice sl:ating facilit,. These parking areas are sr.own on the map CIl pag~ :I (If f.A1ibit B to the tease attached to thi s ~ion Agreement as Exhibit I. J.t aOJ time during t~.e opt;oo term t~.at O!'TlONfE has satisfied each and every coodition precedent set fOfth in Clause 4 (CONDITIONS I'RECEOCNTl above. to the satisfaction of CITY. OPTIONEE NY exercise this option by 9i.ing the Real Property Manager ''Titt"n notice nf its election to do so. accOf1I\Janied by two JlfOllEr71 executed copies of t~e attached lease. CiTY shan execute the Lease 1iithin ooe month of receipt of the request to exercise option in accordance with thi s' <:1 ause, 1IElDSf.l. T 1\1. TDliIS ( .-"".I " .... 6. R£T£~ION 0' OIlTION 0' PURO!4.SE PRICE eel 9.0) S In the event that OPTI()jH does not exerci se thi s opti on 1 n accordance with the tef1llS hereof. all optfon lOOIlies paid to CITY s.~all be retained by CITY in consid­ eration for the granting of this option. A. Review by City eel 10.11 S OPTIONEE herebjl aclrnowledges thilt ooe of the purposes of thlS option is to afford CIfY the opportunity to dete",,;oe ""ether or not OPTIONEE is able to reet tI-.e ¥arjous condiUons and obtain the required appcovals as set forth in this optfon. Several of those conditions involve obtaining re,jew and approval froo officers. l!I!t>loyees or agents of CITY. Each of those re,jews shall be coodiJcted in an i~t renner ard nothIng contained herein shall be deemed to limit the jurisdictioo 0'-authority othe",1 se possessed by the officers. l!I!t>lbyees or agents in the conduct of such re·"ew. Nothing contair.ed in this option shill1 be deemed to illpl] that the approvals will be fortocoofng. and the fanure to issue any such approva1 or permit by any offfcer. l!I!t>loyee 0;-agent of CITY shall not be deemed in .fIY manTer i breach of this eption. nor shall any such denial give raise to any eTai"'. liability. obl1gatlon. or cause of action with respect to this option or t"" attached teii5e. CITY agrees to consent t~ any appiic,tion by OPTIONEE .. ith respect to any permits or approvals related to acti.ities or improvements approved by CITY in acco;-dance witn the option .,t,\ich may be required ~J any 9O'Iernmental or other regulatory agencies aside froo {;ITY. B. Assignment Prollibited (ex. IO.2} S This option has been awarded based on the bac~ground and preposals of OPTIOO£E; therefore. tois CiXion cannot be sc1d. assigned or ot~erw1se trans­ ferred without tile p<"ior written coosent of CITY. Failure to obtain ClTY's required written consent Shilll render said sale. aSSignment. or transfer vOid. C. Extension of Option (1!.3} S .Upor. "ritter. request of OPTIONEE stating the reasors therefore. the City Manager. or designee. may. at Ilis or Iler saTe discreti()(l. extend the tero of 1Ifl.E.ISt5.1iIX.ID'fG . -.. o toi5 option as follows: 0:" :.-.,.' ... :.;.J". ,-" 1. City Manager or <lesigne€ .,ay g .. ant an extension of the term of this option for i rea 501lab 1 e per i od of t i • ..,. as deteemi ned by the City "anager or designee in the event llI'TION£E is <!elayed in fulfilling the conditions (l(ecedent to the exercise of this option ty reason of anj cause not tOe fau1t of. or lo1thin the reasonab1e control of. OPTIONfE or its agentscor employees; or c 2. City Manager or designee may grant an extension of the term of the option for a period not to exceed ninety (90) &!ys. in the event OPTIONEE is ~elayed in fulfi11ing the conditions precedent to the exercise of this option for any other reason. lIow<e.er. the City Manager or desig_ 1\131 grant such extension only upon the follcrwlr>g conditions: a. Wrltten request for such extensioo shall ha;e been delivered by llI'TI()IH to the Peal Property Manager at least fi fteen OS) days prior to the 'e"Piratioo of the option terti; b. Payment in an alllOUf.t equal to $5(lO.O~ (five hundred dollars) shaH be su!lmitted t(} CITY lIfith the request fO<' extension referred to above (in the event an extension is denjed. CITY shall refund said amount to OPTHJNEf c ); aoo c. llI'TI~H shall submit. toget~.er with its request for extensioo. evt· dence cf its (l(ogress tMrcl fulfill i119 the conditiors precedent to the e><erclse of tMs opt;(.(I. docurentation of its (l(oposed actions 000 feasi~ll!tl of satlsfyfr>g the conditions within the tern <If the e.<tef!.sloo requested anJ such other infonnation aoo IIlaterfal as may be required by the City Manager or designee. D. Terllinatlon of ~ion {CI.. 10.4) S Failure of ()IlT!()IE[ t~ satisfy the terms and conditions of this option f,;l1J 100 satisfactori11 lIfithin the time li~its stated shan absolutely aod conc1U$I~lJ terortnate OPJJONEE'S ,-;gIlts 11ereunder. Upon tel"1lljnatioo !-.ereof lo1thout exercise Of. the option by OPTIONEL llI'TI()IEE shall. lIfit~in 5 business <lays of receipt of req.JeSt from CITY'S Real Property Manager. deli."r to CITY a properl1 executed Quitclaim Deed ~uitcla;mi119 anj and .11 interest io and to PROP£RTY. Executlon of the lease by CITY arod OPTIONEE substantially in the for.o of '. o £XI1ibit I. attoched l1ereto. shall be de_d a termination of this Option Agreement. E. OPTIONEE'S Right to Enter (OL 10.5) S CITYl1ereby grants to OPllONEf. its agents. eo;Jl oyees , and assigns. durlrl9 the te ... of this opt>on or any extension therevf, the right to enter said pr~rty 0<' any portion thereof at reasoratlle times fOl' the purposes of coroductfng, at OPTIONEE'S .ann c~t arod expense. such sei!. geologic. and engitleering investigations is my be required by any ~Jblic agency required to approv2 aflY subdiYfS!OI1 or development of PROPERTY by OPTIilNfE. OPTJOOE( hereby agrees to indemify CITY arod hold CITY. CiTY's agents and employees, free and han&less from any loss ()I' liabllHy incurred by feasor of such investfgation. Should this {)9tion be termir>ated, cpnONEE agrees to repair any and al1 damages cause<l to the PROPERTY by reason of an;! such Investigatioo 01' investigatfons. CIH. at the sol. discretion of the (ity roanager or designee, ray revlre that OPTIONH provide evidence of insurance coverage in the amounts set forth in Clause XXI (lN5URAHCEl andfor a securlty deposit tI,) to one·half <>f the amount set forth in Clause XI (SECLRIT'I DEPOSIT) prior to an;! sell. geologic or <>t~.er tests Of' investigations 011 PROPERTY by DPTlCtH. its agents, ~loyees or assignees. L Notices W .. iD.6) S MY notice. tender. or delivery to be given in accOl'd.nce IoIith this option by e\ther party to the other sl1all be given in .ccordance vlth <:lause HIll (NOTICES) of tile ilUached lease. G. Ilep<'eselltiltion. (I) .. lU) S £ach party represents to tlu! <>ther that it nas eo;Jlllyed no rea1 estate tl'a<.er or finder in coonection IoIith tn1S agreement and hereb:; agrees to hold the other harmless. and free from any liability in corr.ecticn vlth any ccmissirn or finder"s fee alleged to be incurred by it. Ii. Entire ~~ «J.. lG.S) 50 This instrument ~ontains the entire agreement between the parties relating to &.e ClptiCf1 gf'art<:o by this agreement. ,"'y oral rep!'esent.tions or modifica· tions concernir~ this instrument snall be of no force and effect except in a ] -.. ' '-"" -.-" ' .. ~ (D subsequent modiHcatloo ..tllch Is made 1" l<Iriting. and signed by both parties. L Rec~very of Attorne~'s feES (ct 10.9) S In the eVe!1t of any cootroversl. ela!It. or dispute bet_ the parties Ilereto. arls!ng out (If or relating to this agreement or the breach tllereof. the preval Hog party sl\a1l be e!\tit1ed to recO'ler froo the losing p&rty r.easooat:le expenses, including attorney's fees. and other 109alcosts. J. Binding on Successors (Ct 10.10) S This agreement shall bind and ir)(.!"E to the benefit of the respective heirs . personal representatives. successors. and assigns of the parties hereto except as ~"1 be exp<"essly provided elsewhere In this agreement. IN 'OIMSS IoIH(REOf. the parties Ilereto hlve executed this Optior Agreement ()r\ the day and year first above written. (ITY: a>TlONEE: CITY Of P.6J..O .6J..TO COttIJNITY SI'.AIlNG. l~. l1ayor ATIEST: , Its&-ItrtWrlt City Clerk APPROVED /IS TO fOOl!: City Attorney B -\ .. -\.- Q) RECIJt!tND£l> fOR APm'llll.: Ilir-€ctor. Planning and Community £nvironment l)"irectOl' <If finance 01" l1is 0(' her succesSO(' POSitIon Ofrector. Social &. Coooonlty ser_j,ce~ R1 slc II/mager EX1UlHT I ProJect: Cootrunity Stating. roc. Tennis Center 3QO>niddlefield Road This lease is maOe this day of • 19 by and between t~e Cit] of· Palv Alto. iI municipal cQ(poratioo.(C1rl) and-Coomunlty S~ating. loc .. a California non-profit corpor-atior, (TENANT). ~CITAlS Ibi. therefore. in consideration of these ccvenants. terms and conditloos. the parties hereto mutually agree as foliows: A. In accordance "Oith i voter-appro·,ed measure. 00 April 28. 19\37. (11)" a.:quired a 3.73 acre parcel on MiddlP.field Roao. cOOJOOnlylnoo.!1 as "liinter lodge" site. for the purpose <Jf cootintIing its use as an ice s~ating facl1lty. B. On Januar)' 26. 1990. cln entered into a 2O·year lease with CoimPJnity Stating. Inc. for the invov_nt and contl",.Je(! eperation of the Ice sKating facility. C. The ;,'inter lodge" site also includes a fonner swi. aod tennis facility Which is not included in the lease for the ice skatir~ facility. O. On • 1m. CiTY enterea iroto an ~tion to lease Agreement with rr~ (the "Cpt;",,"). uooer wt'.ich TENANT agreed to secure all necessary CITY approvals and peM1its in O<'6er te> exercise its option to lellS<! the PPiMISES. construct il1Jlfovements and operate the PREMISES as a recreational tennis facility. L TE~T has satisfied all v.e cooditions cf. and now desires to exercise. the Cptior aoo to lease the ffi£MlSES frm eln in order to corstr.x:t i~ .... o,ements ana operate the PREMISES as a recreational tennis facil it)'. U-1S\$£S. '!1..Z'tEIIlnS 1 ." " . -'---'. '.' .0.::"".-.... ~, . f. CITY aM TEtW.'1 desire th.t the ,-.ill and tennis facllity be impro.ed and operateaby the TENANT as a recreationa' facility j~ accordance with the . terms and coflditlons set forth belo.'. Subject to the terms and conditions set forth in this lease. CITY lease~ to TEHANT t~at celta;" property (PR£ltlSES) ~ribed and sho.'n in "Exhibit B". ExIIibit·'8 is attac1led tc and. by this ceference. w.ade a part of this lease. U11ess spedficall] provided else;,here in this lease. TENANT accepts the PR£JoIISES "as-is" en the date ~f execution of this lease. If. PURPOSE (Rt. 4.D} 5 The purpose of this tease Is tc p<"O\'ide for the cjevelOjJment and operation of a recreational facilit, offering tennis for publfc play ar~ instruction. III. REOOlRE() AND OPTIONAl. SERVICES AAD USES (Rt. S.O) NS !n for1:herance of the pllI·poses stated abolle. the fonawing requfred and optional services and uses shaH be prcwided. permitted or prohibited: A.. ReQujred Sgryj<:es and Uses. Throoghout U.e term of this teise TENANT shall prcwide the follawing services. acthlties and uses on the PR£ltlSES: "public ,ecreatiooal tennis faCility includi"9 tennis i%truction {g<'oup and private lessons) aoo/or sched'Jled public U$P.. B~ PerJIjttM services smd uSfs In additioo to. the required services. acth1tles and uses set fO<"th above. the follawing uses shaH .1so be per'llitted. but orly as incidental to the required ser,ices activities and uses: 1. Schec!<Jled publ ic use cf Court5 may be through a tey entry progra~ -.herein keys to the courts are leased to the public for a fee. 2. Periodic use c( the Premises for tennis tournaments and other o organized teonis e,ents. a. fund ~ij~ing acthities or,1y to support the required ser',ices. activities and uses. inc,uding but not n~ited to the hosting of benefits and social activities. 4. Other low intensity recreational uses permitted by conditfO<lill .use pel"2i t. C. !!It; ona} $POI; ru and Uses. Subject to the prior \oIritten approya 1 M t;/'e Cit1 ~.anager. TEtV'.'IT may also use the PRE~ISES to provide additlooal services. actil'ities and uses whfcrl are anci llary to and compatible with the required ser.ices and uses stated aboy~ and not in conflict 1iith the required uses. Approyal of optional uses shaH be within the sole disaetfon of tee Cit] Manager and subject to any other re(fJired CITY awoval. O. Prohi bited Usgs. The above listed required. peNilitted and optlooal ser,ices. acthitles, and uses shall be t'e only sec.ices and uses pef"itted upon Qr from the PRUlISES. TfliANT agrees not to use the PREMI~iS fO<' any other purpose nor to engage in. or per"'it. any other business activit] within or from the PREMISES. The term of this Lease shall be a maximum of fifteen OS) years. coomer.cing Cfl tr.e 51gn1r<9 of lEAS<: by City. The specific tern shall be estahlfshect upon the signing Qf LEASE by CITY and shall be coextensive and cotenllinous ""th the existing lease between TEMANl and CITY dated January 26. 1990 for tre adjacent site commonly lr~ at the 'Winter lodge site." TENANT shall have the Oo)tion to exteno this lease term for an additiooa' ten (10) years If the follt><ing conditions have been satisfied: A. iINANT has. to t~e satisfaction of the City Manager. faithfully perfor.ed e~ch and every condition Qf this lease throughout the Lease terJI. The City Manager's assesstrErlt of TEAA~T'S performance shall be final and col1<:lusive and s!!all be based 00 info,"mation received from CITY'S staff. 3 ,. ,;--. -~;:" .. ". of ~.- -.:'" -. ."- .." ~ '-~:~'., i",d others that may have tnvwledge of TE"""T'S performance; and B. TENANT has S'mitted to CITY. a >lritten notice of TENAIIT'S intent to extend the lase In ~ccordance with the terms of ttlis <:1ause. 00 or before sIx {6} IlIOI1ti1s p!'iO<' t() the end of the teass term set forth in Clause IV lTER/n. CITY may not; f1 rEIWIT If TENAIIT'S performance has not been acceptable in accordance 'W1th subparagl"aph A of this clause Within two (2) months of receIpt of TENANT'S r.otlce of intent to extend this lease. CITY'S failure to notify shaH not be deeDed or CCfiStrued as CITY'S approval of T£"""1'5 optiO<l to exter.d, YI. CONSJDERAJIQIIJRENT (Rl 1.0) NS A. Croslilerat;QO of em. In consideratioo fOl' mW/T'S use of the Premises provided by CITY. TENANT shall pay to CUY. upOI1 the executioo of this tease by CITY. 5100,00 (One Hundred Dollars) for the entire term of this lease. s+ Noo-!TIQ!'letary 'Consjdpratj.on~ In addition to the rent set forth in faragrap/1 A above, TfHANT agrees to OpErate at no cost to CITY a public temls facl11ty conSistent ""ttl Clal.oSe II (PlRPOSn and Clause III (RECVIRtI:t AND OPHONAl. Sf~VlCf:S AND USES) . . . VI L RENEIiOTlAJlOII 0' RENT CRt. 7.5} In the event tr.at TENAIIf changes 0.-loses its status as a non-profit organization ur.der the la-.s of t~e State of (ali forn1 •• the abcve lIlOI1etar1 coosideration shall. at CITY'S option. 'be revise<!. effective upon the date of such c~anges in status. to reflect t~oe fair market rental of the PREMISES as determined hy a llUtual1, agl"eeab1e KA I designated appriiser. Soct, deteMlination shall also include a mechanism fO( s,l>sequent renta) adjusbrents te> te<'!P the ... rket rental current. Acceptance of any raised rental hereuooer 511a11 not be deemed a waiver of any provision of this lEASE. specificaHJ including, but not limited' to. the provisions of Clause II (Pl\1POSO. Clause III (Rf()J1REO J.Il() OPTIOtW. Sf~~lCtS J.Il() USES) and Para.nph 8 ()f Clause ~l (WNSIO€RATIC\'I!RENT). SI10uld CITY and TENANT roc agl"ee on en M.A.!. deSignated appra; ser. one shall be appointed by the presiding judge ~f the Superior CCJ(Jft of Santa ellra COUIlty. ,.,:.-. >:~.: '""" " -", '. o ~III. CHARGE FOP. IJIIAtiTIiORilED SERVICES AND USES (Rl 7.4) ~S ,.",. ~.. ... ~ "/.~.; .~ ~~. ',,' -.,' TENMr shall pay CIT'( a s..rn eQ'Jal to one hundred percent (lOOn of the gf"OSS receipts for any ser,ice or use that is not penlitted or authorized by Clause I II (REI)JIRfi) & OPT\()iAl USES), lhe existence of such <-harge or the payment or receipt of rone)' under this clause. does not constitlJte an authorization of a particular ser,1ce cr use and does not constitute a waiver of CiTY'S rlit,t. to terminate such ser,ice or use. lX. C(Jf,'TRO, Of f!U<S. PRICES AN!) PROCWJRfS (Rl a.G) NS TBWif shall at all til!'eS lnaintain a written schedule setting forth the operating hours and operating proc~es (0<' the required, permitted and optional uses proyi <led on or frail the PR9'IISES. A sche<lul e of prices charged for all services related to the required and optiona1 uses of this Lease 5<'<111 'lsc be ~.aintained. Upon written rejliesl. TEW<N1 shall fU!'nlsh the City MoMger or designee. a copy of tJ-e schedules and procedures. ShOuld the City Manager or des!gr.ee decide that any part of these sc1ledu1es or procedures is not justified lo'ith regard to fairly satisfying the needs of t~e public. TEAA'IT. upon written notice from the City Manager. sM 1l lllOdi fl t~ese schedu 1 E'S or procedures to t~.e sat i sfacti 00 of the City Manager. PriOt" to issuing such a notice. the City Manager or designee. shall personally reviet and confer -nth TENANT or its represent,tive. Primary consideration shall be given to the puhlic's benefit in implementing this clause. An prices charged for goods and/or servIces supplied to the public on tlr troo the PR£M1SES shall be fair and reasenable. b.se<l upon the f01100ng ~O!lSiderations: A.. The degree of pub1 ic service involved in the sale of tr.e goods and/or serwlces; S. The <.arket prices c!1arge<l by ot,ier cOIl{leting and/or c"'P'rable ooslnesses; and C. The re.sonableness {)f the ""oject~ income and expenses: including the need to accumulate funds for continued mairltenance and capita1 ; mprlWements. TENANT'S failure comvly .1th the provisions of this clause shall constitute a material breach of this lease and may be grounds for termin,tion of this lease. 5 •• / ;- / , . .-": o TENANl agrees that it wi 11 opE1"ate and ,,,mage the ser.; ces and fac; I; t1 es offered in a compet~ and effici.nt ~r~~r at least comparable to other well managed operations of a similar type. T£NAIiT s~all at .all times r~ta!n active. qualified, Wllpetent. and e><perienced personnel t~ super~ise TErt/oKI·S operation and to rEpresent and act to!' TENANT. TOI.AKT s~.all f<'q'Jire its atterMots and ""9loyees to be pror>erly dressed. cleao. courteous. effiefent. and neat in appearance at all times. TE~'T shall not allow any person{s) t~ 01' arolt the PR81ISES.no shall use offensive language and/or act In a boisterous 01' otherwise irrvoper manner, TE~'T shall maintain .a clese ChecK over atte!'.dants and €!ll>loyees to insure the maintenance of a hf~ standa rd of ser';i ce to the JJ(lb 1i c. If tr~ City Manager. on behalf of CITY. detenoines that the quality of ser.ice rendered by TENANT. includirl9. without limitation. a determination that the standard of ser>ifce prD,ided by any €!ll>loyee of TE~T is not satisfactory under tlle provis;""s of this lease. TElWIT shall act illInediately to remedy any and all such detera:jnatioils ;,ft~r receipt of notice from the City /ianager. (ITY reserves t.lle right to <lisqua1ify from providing ser>iices to the public errployees of TENANT '000 do not meet the standards of service specified in this paragraph. tHY may require TENANT to re<OO .. e any erployees frm the provislor of Ser'ffces to the pu!llic pursuant to the te.-..s and cooditioos of this tease. ,tNANT·S (.i1ure to effectivel, remedy any ..,.itten notice of determinatior to t~.e satIsfaction of the City .nth;" five (5) days of receipt of such POtiee snail constitute a default by TENAIi •• I. ~·PRCfIT WiHlJNITY ~lZ"'T1C!1 BI'LAWS & M8'&RSHIP (RL ] .6) S l'oe!ltlers~iJl in TENANT'S organization shall be open to anyooe meetir.g the req<.iirements of its rules and bylaws. ,~l1 restrictions. rules. bylaws. and fees. and changes thereto prq>OSed by TENANT snail. prior to being put into effect. be reviewed and approved by the City /ianager. Tr.ese rules. bylaws and fee schedJles s1>311 be or (,Ie .nth the Real Property .'1,mager throughout the tee. of this tease. XI. SECL!<lTY Df.POSlT (Rl l3.1) S A security deposit in the sum of five thousand dollars ($5.000.00) shall be provided to (ITY by TENAIiT. The security ~it s.'Jan take one of the forms set out bel"" and shall guarantee TENANT'S full and faithful performaoce of 0111 the tenns. covenants. and conditions of this lease. 6 .,. ." ., :, ~".' .~"--::' :-< .. --,'" - 1>... Cash. . .,-' ~ ". ~ -",,,, 8. The ilssignment to CIII of I savings deposit ~~1d in jJ financial Institution in Santa Clara or San ""teo County acceptable to (III. At a lIi~I_. such assignment shall be Evic!enced by the delivery to (III of the orIginal passbook reflecting tlJe savings deposit and a written assigrroent of the deposit to (III In a form approved by tile Rea, PrOlJerty Kanager· C. I>.. Time CertIficate of Oepcsit frm a financial institution 'in Santa C]"a or San Kateo COUIlty ...t1erein the principal Sin is made payable to (III or order. Both the financial institution and the form of the certificate IIlUSt be approved by the ~eal Property ""nager. 0. I>.. letter of Credit or other instrument of credit frOO! a financial fnstitution. subj<!ct to regulation by the state or federal 9O.ernment. pledging that funds necessary to ~ure perfonnance of tile tease terms. eoverants. and conditions. are on deposit and guaranteed for paymert. and agreeing that said funds s~all be trust funds securing TENi'NT'S perfonnance and that all or any part shall be paid to (III or ocder up<:.1 demand by CITY. lloth the finar.cial institution(s) and the forn of the fnstrunert(s) rust be approved by the Real Property I'.anager. ReganfJess of the fona in ..micn TElWIT elects to ma.e said 5eCUf'ity d€posit, all or any portion of the principal sum shall be available unconditionallJ to (III for correcting any default or breach of this lease incurred by CITY as a resuit of the faH\lI'£ by TENANT. Its successors or .551905, to hitM'.ll) perfDnll .n of .tlle tenns. covenants. and conditiors of this lease. Sh<l<J1d TENANT elect to provlde a Time Certificate of Oepcsit. letter of Credit. or other instrument of credit. hereinafter eollect1'lely referred to as 'ItOSTRtKNT". to fulfill the securfty deposit reQ<iirerrents of this leaS<'. the INSTRl.t1£JoT shall cortain a pro>ision whereby the irstitutio" issuing the INSTRMI'T ag<'eES to provide CITY with written !'lOtice of its intent r<:.t to renew the HlSffiiJMENT at least thirty 130) days prior to expiratioo or tenoination of the INSiIMlENT. If TENA~T has !'lOt provided elll with an acceptab1e alternate fora of security deposit at least ten {leI days prior to expiration or termination of the INSTRll'IENT. CITY may demand and OOtain from the institution issuing tile ltOSTPMNT. the amount ~ured by the INSTRUMENT as satisfiKtior of tile security deposit provlsiO!1 of this lease. Should TENMI elect to assign the savings deposit to CIII, or prOVide an .Tterr",te INSTRL"'OIT. to fulfill the security deposit requirements of this lease. the aSSignment. or issuance of the INSTRMtff s!1all have tile effect af re1easing the depositor or ered1 tor therein fran lia1lilit1 on account of the payment of any 7 or all of the priOClpa1 SlJ1I to CITY or order upon demand of CITY. The agl"eement entere<;l Into by TE'I."XT ..-ith i financ!a1 institutfoo to Establish the deposit ne<:~ssarJ to peMlit assignrent or issuance (,f a certificate as provided a\xNe. rey 111(>01 the pa)l1leflt of interest accruing on account cf the deposit to TENANT. or order. T£rwrJ shall rnintaln. the required security deposit throoghout the teaSE tel1ll. fill1ure to do so shall be deeme1 a default and l113y be grourds fer irrmediate te".in.atlon ilf this lease. The security deposit shall be rebated. reassf9l1E1. re1ease<;l. or endorsed to T£IWIT or order. as applicahle. at the end of the lease teM!. provided TENANT or order. as applicable. at the erod of the lease te ..... provided ITHANT has fully and faithfully perf\lf'llled e.c~ and ever:! tel1ll. cove<1ant. and condition of this tease. ()1 each five·year anniversary date of the coomer.cement of this leaSE. t~.e aroooot cf the seoJf"itl deposit set forth above s~al1 be adjusted according to the folloong fonrula: 1/here: R • SD(lB • 0.850' -8l/B) R • Revise<;! security deposit. SO -Initial security deposit. ~ -Alierage ronth1y index for the 12 calendar mooths eMing 'Iilth and including tr<! index pub1ishe<;l just prior to the II100th in ..t1ich each security deposit adjust""",t is to become effective. B -AYerage ronthly index for t~.e 12 calerdar Ii1Of1ths ending ..-ith and including the inde.~ publishe<;l ,iust pt'ior t(} ccmnencement of this lease. In no evert ~al1 t."" amount of the revi SEd security de~it be less tha" the initfa1 security deposit. The djff~rence bet"een the initial security deposit and tfle revIse<;! security deposit ~al1 be due a.nd payable to CIT~ 'Iilthin ten (0) days cf receipt <Jot' a notice of revision of the security de~it frQlll t~.e Real Property llanaget'. XII. MAlNTENAIIC£ AND R£PAIR CRt 14.1) ~S TENANT at lts EXperSE. shall perform .11 maintenance and rep.irs. including ail painting .• nd .n .... interanee of landscaped areas necessary to keep the PRElI1SES and all 'llVo';ements thereto in first-class order. repair and <:ondit;on :a:-~,". =...t'l't:IIIIIS 8 , .-.. -.-' .... '- .-.~ t~"0U9hc~ the term of this LEASE. In addttion. TENA~T shall maintain. at its e.<penSe. a 11 equi.,.,ent. furn; shings and trade fi .tures upoo the PR£I1ISfS requi red for t.'le malnte'lance and operation of a first-class operation of the type to be conducted pursuant to Clause III (RfQlJIRfO AND OPflONAL SERVICES AND uSES). lENA~1 \liilves the right to OI3~e repairs at the expense of CITt and the benefit of the p-oviSiDnS of Sections 1941 and 1941 of the Civil Code of CalifOfnia relating thereto; aoo further agrees thilt if and .. tJen any f"'Pairs. alterations. additiOns or betterments shan be made by It as requi red by thi 0; paragrap/l; it shall promptly ~ for .11 labor done or materials furnished and shall keep tt~ PR£ItISES free aod i:lear o·f any lien or encUlllbrance of any tind ..t1atsoever. S1loutd TEI/AIIT fail to make any repairs or perfon> any roaintenance IooQI'\: for ..t1icl1 it is 11ab1e. CiTt sl1al1 have t~,e option to make the repairs and TENANT within ten nO) dajs of receipt of a bill therefor frOOl the Real Property Manager. re1mbc~se CITY for lr,e cost of such r~pairs. including a fifteen percent (15%) administrati"e overhead fee. The NHng of such repairs or perfonnance (If Nintenance by (ITt sh.ll in 00 eve~t be construed as a waiver of the My of TENANT to make repairs or perfOfll maintenance as provi.:fed in this clouse. TENANT shall be responsible for the maintenance and repair of al1 the parling area of the City·owned 3.73 acre parcel. XIII. INJTLAL CONSTRUCTION BY TENANT (Rt 15.0) S A. Jo!j!J)jmum f.oostrqction and Tfming, TENANT shall tn an efficient and wor[man 1 ike Nnner. cause tc> be des i gned. coostructed. and I nsta 11 ed vlthin the PREMISES. at 00 cost to CfTY. appropriate improvements to adequately acc(lll'll1()date these ser.ice; and uses required by Clau~ III (REQlJIRfD & lJ'TlOlW. SERVICES AND USES), The plans prepared by TE~'/T and awoved by CITY durj~g the option period proceeding executioo of this lease s1\a11 be a master plan fO<' develOjl1llent of the PR£I11SES. and the construction drawings pr"'P'red by TENANT and 'pproved by the City Engineer liuring the same perlOO snall be the plans. specificatfons. and ti~e schedule for constructing such iIlVOVemel1tS.· Development proposed by lENANl in the !laster plan may be scheduled i"increments approved by the Ci ty Manager or des i gr.ee . B. Qeyelr;gneot plan and CDrjStCix:;t-;oo Standgrd:;. All design arKf construction shall confCnl with the construction and arcMtectural standards contained in (ITt-approved plans and cCt1Struction drawings and sr,all meet all other requirements contained i~ this Let5e. 9 .:: ."'., ·.1 -., .. _ <: --:. .. ;:_. C. jo1inlmurn Cost of !nproy~ts. The minf""'" cost of R~T COflstructed improvements shall be One WJndred Thousand Oollars ($100.000). )l~. COOTROCTlOO AND/OR AlT£AAJI';:lI SY mwrr (1<1. 15.1) 5 A. Clll'S Coofent. No structures. improvements. ()(' facilities shall.be constructed. erected. altered. or ... de vit;,;n the PRfltlSES "ithcut the prj"" written consent of City CouncH if requfred by City of Palo Alto procedures ()(' ordinances. or cthervise by the City Xanager. MY conditIons relatfng to the manner. method. design. and· construction of the structures. imprOV~1tS. or facilitfes establi~~ by CITY shall be cor.aitions of this clause as thoogh original 1, stated herein. lENNI. may. at any 'time and at its sale expense. install and place ~JSine5S fixtures and equiPl"€nt wlthin any bUi16ing coostructed by tlll. pro,ided such fixtures and installation have been reviewed and awaved cy the City Manager. or desi~nee. B. -Strict Compliance Witfl plans and Speci fjcatjoos. All fmprovements constructed by TEIIANT vithin the PR£~ISES shall be constructed in an efficIent and workmanlike manner and in strict compliance vith detailed plans ard specificatloos awoved by the City Council if required by City of Pall> ... 1 to procedures or ordinances or cthervise by the City Manager. or deslgnee. and applicable City of Palo Alto codes and ordinances. C. (ert! fi cate of InSl!ecti OG. IJpoo <:OfI4lT et i 0<1 of coostructi on of any building. TENAAl s~an suroit to the Real Property Manager. a Certificate of Inspect10f1. .erHying that the constroction '""s cOlT!lleted in corformaoce vith Title 20 ilf the Cali fornia Code of Regulations for residential construction. or in cooft.'<1llacce with Title 24 of the California Code of Regulatioos for non·residentia1 constructior. n. TENA~T'S ASSURANCE If.CONSTR\JCTION CCl'PLEHON (Rl 152) S Prior ta cOIII1'el1Cement of constructioo of approved facilities. or any phase thereof. vit;,;n the P1IDHSES by TENANT. TEIlAAT shaH furnish the REal Property Manager. evidence that assures CITY that sufficient monies .011 be available to cOlT!llete the proposed coostructior. The amount ()f such assurance shan be at least tr~ tot.l estimated construction cost that was submitted to and approved by CITl in ar..cordance with this lease and the (date of Ogtjoo) . Opti"" .>,gresrent. {vidence of such assurance shall take one or 1IlOf€ of the forJl1S set out below and shall ~"arantee TENANT'S full and faithful perfermance of all of U-~,"/.~IS 10 " .. " .-". o the terms. co-<enants. and conditioos of this lease: A. Coopletlon Bood; a. Performance. labor aoo material bonds. SUWlfed by TEAANT'S cOl1tractO(' ()(' cantractors. provided the boods are Issued jointly t() TENNIT aoo CITY; (. Irrevocable letter of credit from a financial institution; or V. Ar.y ~OIlt>inatfon of the above. All bards aoo letters of credit I!I.JSt be ISsued by a surety cOll1p<iny qualified to tnnsact surety bosiness ir. t11e State of Califorr,ja and be acc .... ,>tab1e to t11e Director of finance ()(' his or her successor position 000 City Attorney. All !londs aoo letters {If credit shall be in a fonl acceptable to the Oi rector of finance or Ms {)r her successor positioo aoo City Attorney. and shall insUf'e faithful and full ooservance and performance by T£'IANT {If all of the terms. cooditiQrlS. coven.nts. and agreements relating to the cCl1structioo of invoverrents In accorcaoce with plans approved by CITY as set forth in this lease. xv I. OAI'AGE TIl OR DESTRUCTION 0" IMPROVEMENTS (Rl 15.3) S In the event of damage to or destriJCtian cf TE'IANT-constructed buildings. facilities. C<' irrprovenents located .. 1tMn the PRa1ISES 0(' in tr.e event TENANT­ {;oostructed llui ldings. faci lIties. ()4'" ill¥(Ne<rents located wit~in the PR!:KlSES are declared lJnsafe <If" unfit to(' "se 0<' occupaocy by a public entity with the 3Uthcritl' to ma~e and erforce such declaration.TE'IANT shall. within thirty (3D) (fays. carmence and dil fgentl, pursue to c~letion the repair. replacement. {}," reconstruction of iIlVO·,arents necessary to pennit full use and occupaocy of the PR9IISB to(" the P'Jf1'05es required ~y this tease. Repair. replacement. Of" recOilstructier cf illVOVemer1ts within the PREMISES shall be acc~lished in a ~amer and according to plans .pproved by the Chief Bulldiog Official and the Real Property Ma~. Except as otherwise provided hereIn. terminatier of this lease shall not reduce Of" nullify TENANT'S obligation under this paragraph. Not""thstaooiog the above. should' the TENM'T-cerstructed ill'!)fovements 00 the PR£MlSES be lOOfe than se,entY'five percent (lSI) ~troyed or da~.aged ~y an insured' Joss duriog the last five (5) years cf the term of this lease. TE~T shall ha<e the q>tion of rebuilding or repairing Hr:h damage or terminating this lease. TEIIANT shall notify t11e Real Property Manager in .. riting of its declsion .nthin ten (10) days of the occurrence of such damage Of" destruction. In t~.e event that TENANT elects to terminate this lease aoo not rebuild 0(' repair such damage. lEIlMT shall demo1 ish any remainiog structures or portions of structures not desired by CITY and clean up any aoo all debris and shall pay to CiTY i pre- U--l.u.s£S. ,r....rrmarrs . " .":-'"\' ,,' ...... < 11 .. .. rata portion of the proceeds of insurance required in accordance with Clause nlll UNStJRANC£J. The pro-rata portion 511all be based on the following formula: 1/here: l -. P(RlT) l -£ITt'S portion of inSurance proceeds. P -Total insurance proceeds P<li~ exclusive of dellOl ition and debri S rerna"a 1 expenses_ R -Remaining tern of the lease. 1 -The total lease term. includ;ng any el'tens;OfIs made in accordance with this Lease. XVll. AS BUILT PL.a.NS (Rt 155) S Upon COOlP 1 et i 0fI of an1 ""'.]or TE~.NT -C()(iS tructed i llipfovement s. TENANT sha 11 provide the Real Property Manager with a cOITl?lete set of feprOOucible "as built plans" reflecting actual c<n>tructioo within or upoo the PRrJollSES_ TENANT snaH also provide the Reil Property Manager with a statement signed by TE~~T L'f1der penalty of perjury certified as to accuracy and of actual coostructiOfl costs for ill sue~ igprovements. XVllL GlNERSHIP (F IHPROVfllENTS (Rt IS.O} S All l'VOvemE!f1ts constructed. erected or installed upon the PRf];lSfS IilUSt be free and clear of all liens. claims. or liability for labor or materfal and snan become the property of UTt. at its election. upon expiratiOfl or earlier terllinatioo. of tOls lease and. upon City's election. st·al1 remain <.lpon the PRE/USES upor termination of th:s tease. Title tt) ill equipllef1t. furniture. furnishings and trade fixtures placed by TENANT IJllOfI the f'R8'!ISES shall remain in TENANT. and replacements. substitutiOfls and lIIOdificatlons therecf IIla.Y be made by TEN.""IT tr.roug11out the te .... of this tease. TENANT roay relOOVe suen fixtu<es and furnishings up;>1 termination of this lease if TENANT is not then in default under th;. lease. provided that TENA,~ shall repair to the satisfaction of CITt any damage to tne PR£KlSES and i """OyeJlet1ts caused by such re<ooval and proyi ded thilt usua 1 and custorna ry 11911tir.g. pllJlt,lng and heating fixtures shall remain upon the PREMISES upon tenojnation of this tease_ 12 \-, .' .:-, - ., .. XII. l~llITIES (Rl 11.Q) S TElW/T s~ 11 be respoos i tol e for and s~ 11 pa.r. prlQl" to de 1 i flql;€f"oCY, ill 1 charges tor utlHties soppHe<! tc the PREM1SES. XX, llolSliAANCE (Rl 18, l) S TENANT sIla11 roafntaln insurance acceptable to CITY in full force and effect througlloot the terw of thi s lea se. MilJ..i1q.8 y-poe Of (nslKanc:e Coverage shall be at least as broad as: I} Insurance Ser.ices Office Commercia) General liability coverage (occurrence ferm CG 0001). 2) InslM'ance Senices Office form nunt.er CA 0001 (Eel. 1187) covering Autorndbile liability, code 1 (any auto). 3) \larters' Coopensation insurance as required by the State of CalifONlia and Employer's tiabilitJ lr.surar~e. 4) Course of Construction insurance fors pro,iCing coverage fe .. "all rists" of Joss. The policy 01' j)Olicies of i~surance maintained by T£NMT sIlall provide the following lfmits and coverages: e.:u.a JHNlfUI lIMITS 0' LIABILITY (1) IoORKERS' W'J'ENSATla. Statutory (2) W'.PmlENS!VE Bodily Injury Sl.OOO.OOO ea. person }J.JH)l00 Il E Sl.OOO.uOO ea. occurrence lIABILITY , PropertJ Damage S1.000.000 ea. OCCUf'reoc-e including o.Tled. hired. and r.on-~d aut~iles {31 CCJoIPR£HENS I VE Bodily Injury Sl.OOO.OOO ea. person GOIEIW. SI.000.000 ea. occurrence l Ift.8 I LI TY SI.000.000 aggregate including Property Oamage SI.000,000 ea. occurrence 'll<'ooucts and Persona l Injury 51.000.000 ea. occurrence 111:--t.IASI.S:. "T/I.Z'!I'lCKU 13 -~--. , .~ I: ._' completed ~r.t\ons. broaq fOl'1li c()()~roctual. and personal i~Jury. (4) fiR£: • OTENDEO CO'IER.'G: ~ot less Han rinety percent (90t) of the replac~nt cost of all insur.~le irrprovements .;thin 01" ~'POO the PREMISES. StJch policiEs .... st ir.clu<fe .-atec damaQt and debris cleanup provisions. Additional fire and extended cCilerage ~t be OOtai'l€d in ilccordance with this clause upon completion of construction or installatior, of any IOajor insurable inproveme<lt. Completed value Qf the pro~t. l)edll!-tibles and self-Tnsured Retentions A.~1 deOOc\ibles or self·insured retentions rust be declared to and app.-oved by the CiTY. At the option "f the CITY either; the insU<'er shall reduce or eliminate such deductibles ()(' self·insU<'ed rete!1tions as respects the CITY. its officers. officii 1 s. e:J'Q 1 ayees and volunteers: {)(" the TENANT st-.a 11 proC! .... e a !>and guaranteeing payment of losses and related investigatIons. elai" acbinistratioo and defE."lSe expenses. InsU<'ance s.'lall be in full force and effect ccmrencing on the first day of the te~ of this tease. £ach insurance pollcy required by this lease shall contain t~.e follOloir,g clauses: 1. "Each insurance policy required by this clause shall be endorsed to state that coverage shall not be suspended. voided. canceled by either party. reduced in cover~e or in limits except after thirty (30) days' prier wTltten notice by certified mail. return rece;pt requested. has been given to the CITY." 2. "All ~i'ghts ()f subrogation are hereby waived against the CITY fF PAll) AlTO and tl1E members of tl1E City Council ancl elective or appointf,. officers or e<l9 1 0yees. Iootoen acting .. ithiM the scope of their e<llIlloytre!1t or appointment. " 3. "The CITY ~ PALO ALTO is named as a loSS payee on the property and ccurse of construction insurance policies desCribed .!love." · " ..... --~ >. --";'::;';;~<'.~-:. , _:.:. ;' ,-;'.-.r 4. "The ClTr. its officers. cffjcial s. ~lcyees. agtrlts and volU!1teers are to be covered is insured. as respects: liability arising out of acthities performed by 0<" on be/lalf of the TEli'.XT; products and cC<'()leted ~rat'ons of the IEIW!T; pl'e<I\lses owned. occupled or usec by the TENANT: or a"toodJlles Mled, leased. hired or borrcwed by tN! TEIW!T. The coverage shall contain no special limitations 00 the scope of protection affO<'ded to the CITY. its officers. off1cials. enployees. agents or volunteers." S. "For any claims related to this lease. the TENANTs insurance coverage sh.all be primary ins\...-ance as respects the CITY. its officers. offichls. ~loyees. agl!f1ts and volU!1teers. MY insurance or self· insurance maintiined by the CITY. its officers. offtc!als. ~loyees, agents 01' volunteers shall be e.xcess of the TENANT's insurance and shall r.ot cOIltribute with it." 6. "My failure to c~1y wit" reporting or other provislO1ls of the ~1ides including breaches of warr."tles shall not affect coverage jl<"o\ilded to the CITY. its officers. officia's. errp1oyees. agtrlts or vol "nteers. ". . 1. "The TENANT's insurance shan apply separately to eoch insured against ..nc.. c1aim is ,.ade or suit is brooght. ~xc~pt with respect to the lillits of the insurer's 1 iabilitJ. " Acceptahiljty c,t Insurers Insurance 1s to be placed ~.th insurers 'otitJ1 a current ~.II. Best's ~aUng of no less than A:'II. PI. Ii6URANCE (Rt. 18.2) TENMIT i!9<'ees to deposit wit~ the Rea1 Property i'!anager. on or before the effective ~ate of t~ls lease. certificates of insurance necessary to satlsfJ CITY that the insw.ance jl<"ovisiOflS of this tease have be€11 c~lied vitti. and to teep such insurance In effect and t~e certificates tllerefore OIl deposit .. ith (In' during the entire term of thfs tease. S/'.ould TENMT r.at p<"ovide evidence of such required coverage at Teast three (3) days prior to the explr~tioo of any existing insurance coverage, e{TY may pu<'chase such insurance. on behalf of >OM at t~.e expense af fEl.ANT to pl'ovi de s i. IOOflths of coverage. CITY sn.,1 retain the ri9ht at any time to revfew the coverage. form •• nd .mount .. -~ . .,~ 15 '. ' .. . '. -. .--' .-, . ~'---. "'-,; --.. '. t . of the insUf"ance required hereby_ If. in the opi nj on of the Ri st MaNger. the insurance provisions in t~.ls lease do not provide adequate protection for CITY and for IIIP.I1t>ers of the ptblic usif'9 the PREMISES. the Real Property Manager may requi re TENANT to obtain insurance ~ufficient in coverage. for~. and amount to provide adequate protectIon as detenrined by the Ris~ Mana9~r. CITY'S requirements shall be rea'iOOab1e and shall t-e deSigned to assure prot€<:tioo from and against the lind and e>tent of r1sk which exists at tt~ time a chaf'ge in insurance is r~jired_ The Real Property Manager shall notify TENANT in writif'9 of cnaf'ges in the insueance reqJirernents. If TENANT does not deposit COP1es of acceptable insurance policies with CITY incorporatif'9 such changes within sixty (60) days of receipt of soch notice. or in t!>e event TENANT fails to maintain in effect any required fnsurance co,erage. T£~T shall be in default under this lease without further notice t() JEIWIT. Such failure shall constitute a lllaterial hreach and shall be grounds far intnediate teMlination of tnis lease at the option ()f CITY. The procurir.g of such requi red pol i cy Of pol i ci es of i r.suraoce sha 11 not be construed t~ limit J[~1'S liability hereunder nor to fulfill the indemnification pro~isioo and requirements of this lease. Notwithstanding the policy Of policies of Insurance. J[NAAT shaH he obligated fOf' the full and total amount of any damage. injury. or loss caused bj Of CO!1l1€Cted IoIith t'is lease Of with use Of occupancy of t~~ PREMISES. XXII. ASSIGNING, SUBlETTING. AND fNCUMBERli'6 (Rl ]g.O) S !fly trortgage. pledge. hypothecatioo. encwbrance. transfer. sublease. Of assi9ffi'!!lt . {co, lectfve1y raferred to as ENC\.f1I3RANCEl of TENANT'S interest in the PREMISES. or any part Of' portion there of. shall first be awoved in writing by the City Manager Of desi~e_ kly ENCl.I'1BRMICE ""ich has rot been aweved by CITY in writing snall be void. Occupancy of the PREMISES by a prospective transferee. subtenant. cr .ssignee before awova1 of the transfer. sublease. Of assignment by CITY shall coostitute a breach of this Lease. If TENANT is i corporation. an unincorporated associaUoo Of partnersMp. the ENCI1tBRANCE Of transfer {)f any stock ar interest ie cOfporation. associatioo. or partnership in the aggregate exceedif'9 twenty· five percent {2SI) shall be deemed an issignment within the meaning of this tease. Shoule CITY consent to any ENCUMBRAt'a. such consent sha 11 not canst i tute a wa i ver of an} of the ter-ms. co;enants. or con6itioos of this lease_ such terms. covenants. or canditlons shall apply to each and every ENCUMB~~CE hereunder and shall ~ severan! bfndif'9 upon each and every assignee. transferee. subte<1ant. or other Succ<!SS<lr i/\ interest of TENANT. My docc.rnent to encll1fber. transfer. ~ub1et. or assign the PR9I1SfS "" an)' part thereof shaH incorporate directly or by reference lIl1 t~.e j)ro\'isions of this lease. CHY agrees that it 0111 not arbitrarily vithhOld coosent to ani encuoOOrance. but CHY may ,..;thhOllf consent at its sole discretion if any of the foi1oong conditiCl'1s exist: A.. TENM'T or any of its successors or assigns is in default of any tenn. covenant. or cor.ditioo tf this lease. wther notice of default has or /las not been given by CITY: ' B. The pr()SlJeCtive EN".,\.I'\BAANCER does not indicate in writing t~.at such UC\H!IiAIlcr Is subject to all tl·.e t~nns. covenants. and conditions of this te.~; C. All the terms. cover.ants. aM conditions of the propose<:! ENClI'ISP.ANC£ including t~.e consideration therefore ()f any and every Hnd. have not been re..ea 1 ell in writ ing to CHY: !), My construction requi relf of IT~b,Nf as a condi t i on of th is lease has not !leen completell to the satisfactlcn of CITY; L The processing fee required by CITY and set forth in the then current Palo Alto .Municipal Fee Schedule b~ not bee" paid to-CITY: f. If an assfgnnent or sublease !s .... ~, and TENANT has not provided CITY vit". sufficient infonnation to pefEit CITY to conpletely e".luate the background. s](l11s. ffnancia1 positioo. prO!'QSed operating plan c~anges and refereroees c.f t~ prospE'C\ive assignee « subtenant; or 6, If the pr~ assignee does not have the required sl<i115. experience 01' 'flnancial standing to provioo tt least tee same level of ,;ery'ce as TEOWIT "Men detenlfnation shaH be 'oiti1in the sele discretfoo of the Cit] }\dnager_ The above list is not incl~ .. ive b<Jt is intended to g;"e TENANT wne idea of the types of situatIon "".ere CITY ""y withI>:Jld its consent to any ENCiJHBRANCE. CITY reserves the right to withhOld its consent te> any fNUttBRANCE tnat will. in CITY'S sole opir.ion. a1versely affect the provision (Of service reqlfireJ by this lease 01' adversely affect CITY'S inter .. t in and to the land and structures covered by this lease. Hypothecatico of the leasehold interest created by this lease is express1] prohibited aM any att~ted hypothecation shall be null and void. 17 X"tlIl. DEffi,lT IN TERMS r1' THE LEASE BY TE~T (Rt. 2(1.0) S Should rEM.~T defa~lt in the perfonr.ance ()f any cov~nant. condiUon. ()<' a9l'eerent cOi1talr.ea in this tease and sucr. default is rot correcte1 .,;thin 3{l days of receipt of a notl<e of default fren USSOR. LESSOR may: A.. !ertllnate this lease and all rights of TE'Wff and those w!1o chi~ ,under TDWIT. steming frOOl this tease. shaH end at the time of such termilliltiO<I: B, At lESSOR'S sole ~ion. cure any such default ~y performance of any act, iocludir>g payTlle!'lt of lOOney. and the C()l;t thereof. plus reasonable aa.lnlstrative cost. Shall beeo",e Ill'1Tl€(jiately due ane! payable by TENMIl' tt> US5OR: C. ~k an actioo or suit in equity to enjoin any acts or things Ioflicn 1Ila1 be Ul"lawful or in .;ol.tioo of tll<! rigllts of tESSOR: G. Seel: manaamiJS 01' other suit. action of proceeding at la ... or in equity to enforci! its rights.gainst l£AANT and i t5 and any of its officers. agents. and enployees and its assigns. and to c"",e1 it to perfor1ll and carry O',t its duties ane! obligations uncler the 1 ... and lis covenants and agre€!Jlel1ts with LESSOR is provided herein: or L Pursue any other rerne<ly a',.i1able by liN or speclficall, provided in other <hus-",; iJ·f this lease. However. In the .!vent llf a default ..t1ich can not reasonabl] be l:ured 'oIithin 30 daj'S. TEIfIoKT Shall have a reasooable period <If time <as deteMlline;j by LESSOrS City Manager) to cU<'e the default. Each and all of the remedies given to LESSCR lY.!!'e<)!'lder or by any 131< now 01' hereafter enacted, are cumulative and the exercise of one r>ght or remedy shail rot ill\)air the rigllt to LlSSOR to e><ercise any Of' all other remedies. In ca!e any suit. actiOli 01" proceeding to enforce any right or e_eise any reoely shall be bl'ought or taken and then discontinued 01" abandoned. then. ane! in every soch case. LESSOR and TENM'T SfW.L be restore([ to its ane! their former poSition and rights and remedies 'as if no such suit. action or proci!edings had ~ brOO9ht Cf tale", In addiUon to. violatiOll or bl'each of any otll<!r provisioo of this le,se, TE),ANT shall be coosidered to be in default under this lease should I£AANT: ,~. 'lOiuntari1y file or have ,r,voluntar;ly filed against 1t any petitioo uruler any bankruptcy or i nso 1-,eney act 01" low: B. be a d,llidi ca ted a banir~; C. ittetlllt to roa~e it general .assigrnr.ent fO<' the benefit of creditO<'s. nr~. tmlCES (RL 23.0) S All notiCes. stat~ts. demands. requests. corsents. a~ovals. authorizations. offers. agreements. appointments 0<' designations hereunder gi'ie by either party to the other. shall be in 10Iriting and s!>all be sufHCiently given and seryed!.pan the ocher party If H) personall, served. {2) sent by IJr1lted Stat~s Certified mail. postage. prepaid. (3) sent by express deliyery service. 0<' (4) ir. the case of a facsilAne. If sent to the telephone n~r(s} set forth below during normal business hours of the recelving party and foll~ .nthin 48 hours by delivery of hard copy of the material sent by facsimile. in accordance .nth (I). (2) or (3) a!love. Personal service shall include. without lfmHatior. s~ ... ice by delivery service and service by facsimile transmission. Delivery of rmices properly add!'essed shall be deened ~ooplete """" t~,e notice is ~ysically deHvered ro the 1lea 1 Propertl Manager 0<' the An notices pursuant to U,; s lease shall be addressed as set forth below or as eitner party ~ subsequently designate by written notice. TO: ru:x Real Property Manager eHy of Pillo Alto . P.O. 80)( 10250 250 f'.alllil too AYenue Fa,o Alto. CA 943m FAJ.: (US) 329-2468 .nth a copy to: CityOer\. City of Pal,CI Alto P.O. So,,-10250 250 Hamll tan Avenue Palo Alt~. CA 94JC3 FAJ.: (415) 328·3631 and 19 CcImlJr,ity ~ating. Inc. 3009 Middlefield Road Pa 1<) "1 to CA 943()5 .. "" C1ty Attorney. City ()f Palo Alto p,O, Box 10250 2SO Ha~11eon Avenue Palo ~lto CA 94303 f}.1.: HIS) 329·2645 Th!s tea~ Includes the follo-ing exhibits. lJlich are attactJed hereto and by this refereoce incorporated into this lease: Exhibit A • Ge<1eraJ Conditions Exhibit S • Oescriptic<! ~f leased Premises The inclusion of clauses in E"'~ibit ). (G£NERAl CONDITIONS} is not f~ any >la] Intended to lessen ti'oe l"J'O"tance of these clauses. b~t is merely done to enhance the organization Of .ariaus clauses and this lease. 1M lo'ITlIESS lmERffJ'. the parties have executed t~i s lease the day and year first above ""I Hen . TEIiAliT : aTY a= PALO ALTO (LESSOR) BV::---:,:~~ ___ _ ~yor/Citj Manager BY: Its: U:-~'J:/~ 20 ATTEST: BI" _________ _ City Clert APPROYEll AS TO fCl!!l: By' ___________ _ SenIor Asst. Cit! Attorney PRCJI>[J(TY llESCRlPTlOli APf'ROYEl): ~::~~--~~~----­ pubHc ',IOrislEngineerlng RECOIt£lIlEO feR APPROVAL: By:-------- {)irecta<'. Socl il1 and Camluni ty Services By::----:-:---­ Ili rectO<' of finance or hi S or her successor po5 it; on BY:::-~_-:--:-:-___ _ Real Property lIanager 6y;::-:--_______ _ Ri sk lIanager :U-U!IIS8S"/~ 'k·:-./ ... ;; ":---.c By: __________ ~ ____ _ Its:...,.. ___ ~,,_,_--- (Corporate Seal) 21 ... -," .... 1. OCfINlTIONS (Rt 27.1) S CITY sllall rean the Ctty Cooncil of the Cit] of Palo Alto. a l!lII1icipal corporaUon. The Cft] .'tanager is here!ly al<thorized to ta~e any actions oroer this lease Ofl behalf of (ITt except (0<" termir,ation of this lease. Clauses in this lease refer to specific officers Of' employees of (ITt. 5OO;,d these po$itloos be eliminated 0<' the title changes. It Is understood and agreed tllat such references ~all be cC<lSidered to be to the new title for renarocd positions or to the replacement official designated .nth the responsibilities of any eliminated position. kly refereoce to a City officer or employee includes a refereoce to tr~ officer's or employee's designated representative. 2. PAR-rn~lP/C®'OAATE AlIIlfJ<lTY & lWHLlTi (RL ~) .2) 5 _ If TBW!T is • partnerShip. each general partner: A. represents and ,,-arrants tr.at the partnerShip is it duly qualified partnerShip authorized to do business In Santa Clara Couoty: and S. slla11 be Jointly and severally liable fO<' perf<><'ll\ance of the tet'l1S and provi s for,s of th i s tease. If TENANT 1S a corporation. ead! individual signing this lease 0<1 behalf of TO/ANT represents and ~arrants that: A. he is duly authorized to do so in accOl"dance Wltil an adopted Resolution of' TE~.A!I1·S Board I)f llirectors or in bccordance .nth the BJlaws of the cOI"poration: and 8. TENANT is • dulJ qualified cocporatroo authorized to do tx.'Siness in State cf Califocnia. As ~ in this tease. the term ·TE.'!-'IW shaH include TENANT. its agents. sub1esSC'es~ {;oncessi'OfIaires. Dr licen~. Of' any person atti"ng under cOfltract ~ith TENANT: 1Jo;;ever. tne definition of TENlWT used herein. shall not be construed to authorize or pennit any sublease 01" licenses not authorized or 22 ~-. pennitted else..tlere in this lease. 3. TIME (Rl 27.3) S Time is {If the ~sence ()f this lease. 4. SIGNS {Rl 27.~) S TENAi(f agrees not to construct. maintain. or anew any si9l' to be placed upon the PRfMISCS except as may be approved by un. Unapproved signs. b-lr0i""2rs. etc .. NY be l'€Il!Cived by (In. 5. I'ER'1ITS AAD liCENSES (Rl 27.5) S TEAA'rr sha 11 be requ; red to rota i n any and a 11 penni t 5 andlor 1 i censes ..nl etl .. ay be required in :comection with the operation' llf. and any approved TENANT construction upon. the PR9IISES as set forth in this tease. 6. MECHAIHC'S HENS {Rl 27.6} S ITNAIfi shall at all times irn!enr,ify and save (In harmless from all daims fO<' labor 01' ... terials supplied in connection vith constn.'Ction. repair. alteratioo. ()(' installation of structures. l"l"'OVeme'lts. equipment, 01' fOCi li ties within the PRflHSCS. and from the cost of <lefending against such claims. including attorneJ fees. IT!W(f 511a11 provide cln with at least ten nO) days written !lOtice priO<' to commencement cf anJ wort ~ich could give rise to a mechanics lien or stop notice. cln reserves the r,gIlt to enter upon PIl£KlSES f.'Y the purposes of posting lIotices of Non-Responsibility_ In the event l lien is i~ upoo the PREMISES as a result ~f such construction. repair. ilter.tion. or installation. TENANT shall either: A. Record a .alid Release of Lien; or S. lleposit sufficient cash ><ith ern to cover the alllliJnt of the claim 00 the lien in question and aut~orile ~ayrrent to the e><tent cf said <1.0p0sit to) any subsequefit juclgmen.t hillder that may arise as a matter of public record frem litigation ><ith regard to lienhillder claim: or t. Procure and record a bord in accordance ><i th Sect; on 31 ~ of the Ci vi I COOe . • -' .--. '. ., ~ •. > • .' , ,,--. . . -"< :--..,- whlch releas.es the PR£~ISl:S feCAll the cloim of th~ ,ien from any action brought to foree lose the II en. ShOuld TEtWIT fan tl) ac<:~1ish ore of the three optiOl1al ~ctions .,;thin fj fteen (15) dajS after the filing of such a lien, the lease shaH be in default and may be subject tG il1l1lediate tenllinatian. 7. tEASE ~!lAJII)j AND RIUS OF CONSTRIXTION (Rt V.I) 5 IiOrds of the ... sculil1e <:lender shall be deemed and c<:>1Str'.l_"<f tQ include correlative 1oIOI"ds of the feminine and neuter genders. !Jnless the cOfltext otherwise indicates. -..or0s ill\lOrting the singular nUlltPJ' shan ir<:1ude the plural n\J1W and vice versa. and words inQOrti.ng perSOIlS shaH include corporations and associatiOflS. ineludinjj public bodies. as well as natural persons. The terms "hereby". "hereof". "hereto". "herein". "hereunder" and anj Similar teM1S. as used in' this agreement. refer to this agreenent. All the renos and pro.lSions hereof shall be construed to effectuate the purposes set forth herein. and to sustain the vaHditJ hereof. The titles and headings of the sections <Jf tMs agf'eenent have been inse,ted for cooYe!1ience of reference wIy. are not to be c'l!1sidered a part hereof and s~all not in any "'Y rodif1 or restrict any of the te<1!>S of p<"O'iisions herecf or be consIdered or given any effect in cQIlstruing tois agreement or any proviSion hereof In .kertaininjj intent. if any questiQll of intent shall arise. 8. AltENJ)t£NTS (Rt 27.8) S This lease sets forth all of tr.e agreements and undErstandings of the parties and any lIOdiffcations 1IlJst be written and p<"operly executed by both parties. 9. UUWflA.;r~ (Rt 27.9) S TENMT agrees that no irrprovements shall be erected. plaCed ujXlr1. operated. nOf "aintalned 'llithi~ the PRfMlSl:S. nor anj busir\eSS conducted or carried 00 therein or therefrom. in "olaUon Gf the terms of this lease. or of any regulation. ord.er of law. statute. Dr ordiMoce of a government.~ agency havinjj jurisdiction over TENANT'S use of the PRE.~ISl:S. 24 II ,.' IS. NOODISClUMIAATION (Rt 21.10) S TE1WIT and Its efI!lloyee$ sha1J not discrimi""te against any pef'S<)(1 because of race. color. religion. ancestry. age. sex. national orIgin or pIlysical handicap. TENA'IT shall not ~i5':ri.minate against an) e<l"()loyee 01" applicant fO\"' e<l91cyment re:ause of race. color. rellgfon. ancestry. sex. age. ~atjcnal origin or physIcal handicap. TEPIAHT covenants to meet all requir€lll€nts of the Pilo Alto MunicIpal .. Code pertaining to noodiscrfmir<itfon in ~loyment. If T£N.AHT is (OI.'flo:l in .iolatlon {)f the noodiscr!mination provision of the State of Califomiil fair El!ployment PracticES A..-t 01" Similar proviSions cf federal 1 .... 01" executhe onier in the conduct of its acthitfes under thIs lease by the Sute of CalifOl"nfa Fair ~lPlqyment Practices Commission 01" the equi.alent federal .gerC! 01" officer. it shaH thereby be found in default under this lease. and such default sh.lll corrStltute a I1i!terial breach of this lease. CITY shall then t,ave the power to cancel 04" suspend this tease in -.hole 04" in part. 11. INSPECTION (RL 27.11) S tITY'S e<l"()loyees and agents shall ~a"e tl'e right at all ri!asooable times to inspect the PREI'IiSfS to <letenoine if the provisior.s of this tease are being c~1ied IoIith. 12. !nD HAA:'ilESS (RL 27.12) S TEIiAH1 flerelly waives all claims. liability and recourse against CITY including the right of contribuUOi1 for Joss or damage of or to persons or jlf'operty arising frOOl. 9l'o..'ing out of or in any way cOfll1eCted ..-ith or related to this a!)f"eerent. TENANT hereby agrees to indeilr.ifl. floJd hanoless and defend CITY. its officers. agents. and el!ployees against any and all ciail!lS. liabl1lty. demands. damages. cost. expenses or attorneys' fees arising Ot.t of the operation or maintenance of the property described her.in or WWWS performance 01" non perfon-oance of the terms of this tease. In the event cln is named as co-defendant. TEN!\NT shall ret!fy CITY of such fact and shall re;;reSJ!nt C1rt in such legal action unless CITY urnlerta;;es to represent itself as co·defendant in such 1egal adior. in 'ollich evert fENAKT shaH pay to CITY its litigation costs. expenses and attorneys' fees. 13: TAXES A.~!}}'SS£SSM£»"rS (Rt 27.13) S This lease ""'1 create a possessory lJ1terest .,hich is subject to the payment of taxes levled on such interest. It is understood and agreed that all taxes and assessments (i~luding but not limited to the possessor)' interest tal<) 'o<hich re:ome oS I I I I • due and payable upon tf1e PREMISES or upon fixtures. eQuiporent. or other p!"operty irn;tal led or constrloCted tf1ere<)fl. snall be the fun respoosibll ity of TEAAN! and ITNA.n shall pay the taxes and assessments priO<" to delin'P'ocy. 14. SOCCESsa;s l~ INTEREST (Rt. 27.1H S Unless otherwise provided in this lease, the terms. co~enants. and conditions conhioed herei~ slla11 apply to and bind the ,""irs. successof"S. executors. a.",jnistrators. and assigns of all the perUes ~eret(). an of whorn 50all be jointl, and severally liable hereunder. 15. CIRClJISlAIUS ",HO! EXCUSE 11.1S} S PERfOPJlANCE (Foo(E MAJEURE) (Rt. If ei ther party hereto sha 11 be delayed or p<"evented from the performaoce of any act required hereUnder by reason llf acts of Goo. restrictive goverrvrental laws or rl!glJlatiOllS. or {)ther cause >litOOut faolt and beyond the cootr01 of the party obligated {financial inability excepted). perf~T1Ce of sloCh act sllall be excused for the period of the de1.y and the period [0<" the performance of any such act sha 11 be ext enaed for i peri od equiv a I ent to the per i ocf 0 f such ae 1 ay. 16. PARTIAl INVAl!DI'y CRt. 27.16) S If any term. covenant. condition. or p<"ovisiOl1 {)f t~is lease is determined to be jr.v3lia. voio. or unenforceable. by i court of coo.petent jll<isdictian. the remaincfer {)f the provisions Mr€Of shall remain in full fO!'ce and effect and shall in no way be affected. impaired. or invalidated tMereby. The fiilure of CITY or TENANT to insist upon strict performance of any of the tenos. covenants. or conditions of this Lease st,all not be deemed a waiver of any rlght or remedy that Clit or TENA.'IT "'Y h"e. and shall not be deemed i waiver of the right to require strict performance of all the terms. coverants. and conditions of the Lease thereafter. nor a ·.ai.er of any remedy for the subsequent breach or default of any term. covenant. or Condltion of the Lease. 26 ."." -." .. 18. COSTS fF SUSTArNI~ .Ali ACTlOO (RL 27.1S} S " " OR OCfALU In the event either CITY 01" TENANT CGIl1lleflCes legal actiQl1 agajnst the other cla!mln,n breach Q/" def;wlt of this tease. the prevailing part)' in such l!tlgatioo shaH be entitled to recover from the other cost cf sustaining such action. including reaSOl'lable attorne), fees. as rna) be fixed by the eourt. 19. RES€RI'ATlO!lS TO CITY (Rl. 27.19) S The PRE.~1SE5 are accepted "as 15" and "..nere is' by TENANT sUbJect to any and all existing easements. and encumbrances. CITY reser,es the right to install. lay. construct. minta1M. repair. and operate such sanital)' sewers. drains. stana water se.oers. pipelines. manholes. and coonectiOflS: water. oil. and gas pipelines: telephone and telegraph power lines: and the applications and appurtenances necessary or convenient for coonection therewith. in. "".r. upon. t~.rough. across and 11009 the P?£JoIIS£S or any part thereof. and to enter the PR£IIIS£S for any and all such purposes. en)' also reser.es the right to yrant franchises. easements • .rights of way. and permits. i~. ",er. li!lOO. thro.ljl. across. and along any and all portIons of the PREMISES. No rig/lt reser·,ed by CITY in this clalJse shall be so exercised itS to interfere ur.reasonablJ .. ith T£HANT'S operation hereunder. (ITY agrees that rights granted to third parties by reason of this clause shall contafnp.-ovisioos that the surface of the land shaH be restored as r.early as practiC4ble to the 0I"19inal condition lJ!XlI1 the c~letion c( any construction. In the e~em. TE'W'IT sf,all c(JIlti,,,e in possession of the PRDlIS£S after the term of the lease. such possession shall not be considered <I rere.oal af this lease but a tenancy frOll! ronth to month and shall be governed by the conditiOflS. and covenants contaIned in tI1is lease. 21. CONDlTIOO fF PREMISES UPOO TERMINATION (Ri.. 21.2U S Upon te .... ;naUQl1 of this lease. except as otherwise agreed to herein. TENANT shall redeliver possession af the PREMISES to CITY in substantially the same condition that existed iJllllediateiJ prior to TEtWlT'S occupancy. reasonable -.rear and tear. flood. earthqual;e. war. and any act of war excepted. 21 ' .. • ) .' ,":" 22. DISPOSITION if ABl>NW<E!l PERSONAL PROP£RTY (Rl 27.22) 5 If TENM. abandons the PR£~JSES or i s dispos~ssed thereof by process of law or otheN"ise. title to any personal property be11Yl!ling to TE~T and left 011 the Pili/USES forty·flve (45) days after such aba~ment or dispossession s~an be <leemed to ~ave ~ transferred to {ITY. CITY shall hay. the right to rerro,e and to dispose of suc1l pmpertj witf100t lfability therefor to TE~ or to any person claiming under TE~. and shaJ1 have no need to account therefor. n. \lU1TCI..tJ~ OF TElW.T'S INTEREST UPON TERMINATION (Rl 27.n) S Upoo tenoinaticn of thls tease for any reason. including but not limited to te('IJinat;O!l beca~ of default by TENANT. TENANT Shall. at CITY'S request execLite . • c"""'ledge and deliver to CITY within five (5) days after receipt of written demand thereof. a good and sufficient deed .mereby all rights. title. and interest of TENPNT in the l'REl'!iSES. is q<litclaimed to CITY. Sf1oo1d TENANT fail or refuse to c!e1iver tne r'€qUired deed to {ITY. CITY rey prepare and record a rot;ce reciting the failure of TENANT to execute. aC~nNledge and del ivY such deed and the rotice shall be conclusive evidence of the termir,ation of this tease. and of .n rigrot of TENANT or tho<..e clai'ing under TENANT in ana to the PPEl'!ISES. 24. CITY'S RIGHT TO RE·ENTER (RL 27.24) S TENANT agrees to yield and peaceably deliver possessfon of the Wil1ISES to CITY on the date of t....,in,tion of this tease. whatsoever the reason for such terminat;O!l_ Upoo givi.ng ""itten rotlce of termination to TENANT. CITY shall have the right to re-enter and take jlO5sessior of the PREllISES on the date such teMllinatfon become,; effective "ithout further notice of any kind and without institLition of regular legal proceedings. Termination of the lease and re·entryof the PREM1SES by CITY shall i.n roO way alter or diminish any obligation of TEN,t..~T under the Lea~ terms and shall constftute an acceptance or surrender. TEw.lIT waives any and all rights of redel!ption "",ler af1jl existing or future law or statute in the event of eviction from or dispossession of the PREMISES for any reason or in the event CITY re-enters and , ... fu11y fe-takes possession of the PRE~JSES. 29 • . . --.:/ .--.'-'::--, , , :-:-:->'J'~': ~-4:"~.;" ;' . ,," .. "" . ::}",,;;> 25. CONFliCT OF INTER!:ST (Rl 27.25) S TEWINT ...arrants and covenants that no officU' or ~loyee of CITY nor a~y business entity in .. Men any ofHcial or e<rployee of CITY is interested: (l) has been €I!Jlloyed"or retained to solicit or aid in the procuring of this agreement: or (2) will be employed in the performance of this ag<eemeI1t without the dlvulgence of such fact to CITY. In the e",ent t~at CITY detenoines that the e!Illl<:>yment of any slJCll offIcial. employee or business entity is not wrpatib1e 'oith such C>ffici~l's or e<l'ployee's &'tles as an official or employee of CITY. TENANT upon request (if CITY sI-.. n inmedlately terminate such emplo)'lM1t. Violation of this provision constitutes a serious breach of this tease and CITY may tel'llinate this tease as a result (if suc~ violatioo" 26. OUNEIIT COlAIK (Rl 27.26) S In the event the ..nole or aref part of t~oe PRE/USES are condelmed by a public entity in the lawful exercise ()f its power of eminent domain. this lease shall cease as to the part coodelllled. The date of such termination shall be the effective date of possession of the "".ole or part of the Pil9IISES by the coodellrling pcbHc entity. If 001J • part is conderrned and the coode<rni!tion of tMat part does rot s~tant!al1y illpOir" the capaclt] (if the remainder to be lJSed for the purpos.es required by this lease. TENANT sl1aH continue to be lJoor.d by the tenns, covelli!nts ard conditions of this lease. l1co.ever. the then current o;ni_ amual rent shall be reduce<! tn p<"opoI'tion to the relationship tr.at the cOf19<!!1satloo paid !ly the condenrling public entity for the portion cC<ldenrled bears to the nlue of the ertir. PReUSES as of the dote of possession of the part coodellrled. If the condemnation ()f a part of the PR9IISES 5uDstantial1, impairs the capacit! of the remainder to be used for the purposes require<! by this lease. TENANT may: A. Tenninate th;s lease and therety be absolved of obligations under this lease ..nien ha.e not accrue<l as of the <late of possession tl the condemning public entitl: or _ B. Continue to occupy the remaining PR9IISES and thereby cor,tinue to be bound by the terms. cover",nts and cOilditions of this lease. If TENANT elects to continue in possession o·f the remair,<l€r of the PREMISES. the then currert annual .inillUO rental sI1dH be reduced in proportion to the relatiorship that the c~sation pid by the conde!lJ1ing public entity for the "part cOfldellroed bears to the .alue of the entire leased PR!:M1SES is of the date <:Jf possession by t~oe cOl'l<lel1rling pOOl;c entIty. 29 "'" -. • ----"--. -- ' . TOIANT shall pl"O'Iide CITY '':th written notice advising CITY of TENANT'S choice wit11lr. tMrty (30) days of possession of the part condemn~.j by the con.:lern!1ing poIl!ic entity: CITY shall be entitled to and snaH receive all compensation related to the conderr",tion of all or part of the PREi'!ISES by the exercise {)f eminent domain except thilt TENANT shall be entitled to tr.at portion of the c()IIl>ensation ..mfcn represents the va1ue of the TEl\.o\NT coostructed i"""o,_nts for the remainder 'Of the lease term. The a:oount to ..mien lENA 'IT shilll be entitled shall not exceed the actual cost of lnvO'lernents coostrocted by TENANT reduced in proportion to the relationship of the ranainlng lease term to the 0.-igina1 tease tera. USil19 a strilfgllt line approach. 27. owas IN PRIC!: INDICES (Rl 27.27) S <lauses c()(!tained in this lease may pl"ovide for adjustmeflt based 00 the Consumer Price Index. component indices. Of' other indices_ 5hoold these indices be changed. a1tered or cease to be published. the f0110wing conditions shall apply: A. If the subject index is changed so that the base year differs frac thilt used as of the month in ..mien the teflll COl1l1lences. the subject index shall be converted in accordance with the cooversion factO<' published by the publisher of that index: 8. If the subject index is ~iscontinued or ,e.,sed during the Lease term. such index shilll be replaced by another govemnent i n<lex or c~a t ion -.t" eh wi 11 ootal~ substantially the same result as would be obtained if the subject Index had not been discontinued 0<' revised. 28. PCST-ALOOIS!TlOl TEAANCY CRt. 27 _28) S TENANT hereby aek"",,'ledges that its occupancy af troe PRE~ISfS is subsequent to acquisitioo of the PR£JoI1SfS by CITY. TENANT f'-"'thee understands .nd a!l"ees that as a jlO$t-acquisitioo tenant. TENAlH is not eligible and furthertJ1O<'e waives .11 claIms for relocation assistance and benefits Uf'.der federaL state or local Jaw_ 29. IW.ARWJS SUBSTANCES (Rt. 27.29) S A. !lefi!Jill.Qll-As used herei n. the term "Hazardous ilater! a 1 s· means any subst"",e 0<' material ..mien has been oetermjr,e1 bj or,), st.te. federal ()f local govemr.ental authoritJ to be capable of posing risk of injUf'Y to health. safet). and pl"operty. inclllding yetrele"" and petroletn products and 30 ... :. · -" f.-~, , .. ':;,. . • -,.< , ". ~.: ,,;~".~:;:-....~:' ;,." "".""' all of those materials and substances designated as hazardous or toxic bJ t~.e U.S. £nvirormental Protection Agency. the California liater ()Jal1t~ Cootra) Boar<1. the lI.S. Department of labOr. t~e Cal; fornia Oepartll'ent of Industrial Relatfons. the California !Jepartment of Health Services. the California ~alth and llelfare ~y ir. connection ..nth the Safe Water and Toxic fnforcemef1t Act of 1986. the U.S. Department of Transportation. the U.S. Department of ,lQrlculture. the U.S. Corsuner Product Safety Comission. the 1./.S. Department of Health and Human Services. the U.S. food and {)rug Mninistratlon or any other governmental agency now or hereafter authorized to regulate ~oiIterhl$ and sc.tstances in the enviroonent .. Ioiithout limiting the general1ty of the fore9Qing. the term "Hazardous Mdteria15" shall inclLK1e all of those materials and substances defined as "toxic materials' in SectiOf1s 6668(J through 6OQ85 of Title 22 of the California Code of Regulations. Division 4. Chapter 20. as the same ilia] lle arended from time to time. 8. ID{W'S LIse Qf P!If~!SI;S-{)Jfir>:l the ter:l of this leaS<!. TEW-ill shall abide and be boona by all of the follo'oling requirements: 1. TowrT shaH cOl1l'l, ..nth a1 \ 1aws now or hereafte<' i. effect relating to the ",se of Hazardous Mdterlals on. under or about the PRelISES. and T'tN.ANJ shall not contaminate the ~ISES. or its subsurfaces. with any ~azardol!s l"aterlals. H. TENANT s~all restrict its use of Hazafdous Haterials at the PREMISES to those kinds of materials that are oon>Jlb used in constructIng th<i Project. Oisposal of any Haz3rdous ~ateria1s at the Premises are str.ctly po-OOibited. storage of suc~ persfSsible ~azardous Materials is illo.ed only in ~cordance -.nth all applicable laws new or hereafter in effect. 1,11 safety and l!1O!litorlng features "f any storage facilities ~all be approved by CfTf'S fire Chief in accordance with an laws. 11i. TEHAI<'T shaH lle SOlely and f.11y reslXJ!1Sible fO<' the fe:x>rting of all !{aza~ llateriah releases to the app<'Op<iate publ ie agencies. ,.t,en such releases are caused by or result from TENANT'S activities on the PREMISES. TENAIofT shall inrrediate1, infors ern of any release of P.azardous Materfals . ..r.ether or not the release is in QUantities t~..lt \!-'OUlii othe....r!e be repC<"table to a public agEnCy. fY-TENM-'T shall be solely and fully responsible and liable fO<' such releases at the I'remlses. or into tln's sewage or stO<1ll dralnage systems. rE~T shall take all necessary precautions to prevent any :.-'" • w. vi. of its Hazardous Materials from enteri~ fnto any stono 0<' sewage drain system 0<' frOl1 t>ein<] released on the Premises. TENANT shall remove releases {)f as ~.azardous Materials in accordance ",ith all laws. In addi t Ion to ~ 11 other ri ghts and remedi es of CITY hereunder. if the I'elelse of Hazardous Materials caused by TENANT is not removed by TENANT -.nthln ninety (90) days after discovery by TENANT. CITY OI'·.ny ot~er third party, CITY may pay to have the same removed and TENANT shall rei'llburse CITY fO<' sUch costs -.nthin five (5) days of CITt'S de<oand for P<l)1re!1t. TENANT shall protect, defend, ii1den>'!ify and hold harmless CiTY from and against all loss. d~~ge, or liability (including all foreseeable and Uf1foreseeoble consequential damages} and expenses (including. ",.;thout limitation, the cost of any cleanup and remediation of Hazardous Materials) .mien CITY may sustain as a result of the presence or cleanc'P of Hazarlloos l!aterials on the pp,£lnSES. JT.,NANT'S ooligatlon under this Clause shan survive the expiration or I?arlier tereinahon of V,is lea~. 30. All CIl'IENANTS AAE COOD!TIONS (Rt 21.30} S An provisions <l-f the lease are expressly made conditioos. 31. PAATIlS ~ I~'TER£ST (Rt 2,.31) S Fiot~~ing in thYs agreement. expressed 0<' implied. is intended to. 0<' snall t>e construed to, confer upon if to gi~e to any person or party other than crn and TeNANT the covenants. condition or stipulations hereof. All covenants. stipulations. p,-OIl'ises and agreerner,ts in this lease shdll be fO<' the scl~ and extlusi •• terefit of tITY and Tt~,. 32. Ill:CORDATION ~ tEASE (RL 27.32) S Neitr"", CITY nor TENANT shall record this lease; however. a short·fonli memo<'dndum of lease .,ay be recorded at CITY'S reque,t. 32 -.:. .. • -.>-.'- :.-. ," ;': .' ";. f" --." , ' A.P.NO. 127-53-15 PRE FARE BY: J. ~IEHL CHEC~ED BY: J. BOIJRQUIN APPRO\'ED BY: J. REMLEY DATE: JULY 13, 1~92 8eqinnlnq at the centerline of Matedero creek; said point being Korth 41 0 13' 54" East, 261.62 feet trom th& inter~ection of the lIortheastsrly line of lIiddleUeld Road vit!> the centerline of Matadero creek as shown on that certain .ap entitled ·Parcel Hap Being • R""u!>division of • Portion of Lot 74 of C.II. wooster COapanY'a Subdivision-recorded Y.arch 29, 1973 in Book 32-G of Haps on Paqe " Santa Clara eocnty Official Records: Thence alonq the centerline of said Matadero creek North 41~13' 54" ~st. 2~1.91 feetJ Thence SOUth 520 00' 00-Eest, 32-8.21 feet: Renee SOUth 38" 00' 00' West, 162.00 feet: Thence North 52° 00' 00' West ... 197.86 fectl Thene. SOUth 380. 00' 00" West, 96.59 feet; Thence Korth 52" 00' 00' I!est. 172.38 feet 1:0 th .. Point Of Beginning. containing 1. 634 acres IIOre or less of land .. nd Being .. portIon of Lou 74 and 75 as shovn OIl tIlat certain lUp "ntitled ·C.II. wooster Company'. SUbdlvisioa of the Clarks Ranch-recor4ed Rov2aber 11, 1912, in Boolt '0' of Kaps on Poqe 16 of sant .. Clara. county Official Records,. together with the use of a COIIJIWn drive described as fOllOWS: Beqlnning at .. point on tll .. ~rth .. asterly line of lIiddlefielc! Road, .. dd pol"t being SC .. th 52-00' O<l" East 206.85 feet frOll !:he inters~lon of the centerline .of Mata4aro creek with the aortbeasterly line of lIiddlefielc! Road, Thence North 38° 00· 00" East... 153 .. 00 feet: 2 .. 50 feet~ Thence North lSO 00' 00· East, 22].82 feet: UHIiII B (I of 3) .. '. , '1'llence SOUth 520. 00' TIl..,..,. South 38° OG' 'l'ber.ee lIorth 520' CO' Thence SOUth 38'" 00' 'l'henca Sout.h 3<:0 52' 00· East, 00· West, 00· West. 00· West, 30· West. 85.00 20.00 65.00 151. 82 20.16 A.P.MO. ~27-53-15 PREJ'ARl! BY, J. Jl:IERL C!lECKE~ BY: J. BOU'RQQIII APPi10VED BY: J. REMLEY PAT!: Jt~Y 13, )992 reetl t.et: teet; feet; teEt: ft.."..,., South 3(> 00' 00· West, 183.00 f"6t to the Point on We lIortllaasterly line of sdd Kiddlefield Road: ~tlence JIortll sf' 00' 00· lIest, 20.00 feet to the point of Be91nr.i h9. " EXcept1h9 there frca a po.-tion of that certain Flood Control and Stan Eas_nt ae..."'Orded in Book U65 on P.ge 1 of ~ta Clara OOWtty Official Reoor6s and lyih9 SOUtheasterly of the JIortbVesterly line of the ",bOvs described parcel. E3It) OF DESCRIPTIOII , ".::" ,-.. " f 1:~"~.X ~ :.AP'C~';';:-C; P'['" ::FIV£ ~~ J I j •• ~. • .' # 75 . , ,,'ME F --1-_--''.-,,-_ ...... -.. -_··_····,---;4~:>;. I ~~~,~ -AC ILl i (t -------- J .-.. / ..