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RES 03043
City of Pleasanton
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RES 03043
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Last modified
5/13/2003 6:22:08 PM
Creation date
5/13/2003 6:15:12 PM
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CITY CLERK
CITY CLERK - TYPE
RESOLUTIONS
DOCUMENT DATE
5/6/2003
DOCUMENT NO
RES 03043
DOCUMENT NAME
BRIDGE HOUSING
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ATTACHMENT A <br /> During the Lease Tenn. the Lessee shall not. without first obtaining the ,a~tten consent of <br />the Lessor. abandon the ProjecL or allow the Project to become vacant or deserted. <br /> <br /> The Lessee shall retain a property management agent that is acceptable to the Lessor to <br />manage the Project. The Lessor a~ees that Lytton Gardens Senior Communities. BRIDGE <br />Property Management Company or Bay Area Senior Services are acceptable to the Lessor as a <br />property management agent for the Project. <br /> <br />3.7 T Itilitie~ <br /> <br /> The Lessee shall be responsible for the cost of all utilities, including water, heat, gas. <br />electricity, waste removal, sewers, and other utilities or services supplied to the Project, and the <br />Lessee shall pay or cause same to be paid currently and as due. <br /> <br />3.8 ln?ecticm <br /> <br /> Lessee shall permit and facilitate, and shall require its contractors to permit and facilitate, <br />observation and inspection of the Project and Land by the Lessor and by public authorities with <br />reasonable notice during reasonable business hours for the purposes of determining compliance <br />with this Agreement. <br /> <br />ARTICLE 4: MORTGAGF I OANg <br /> <br />4.1 I nan Ohli?tinn~ <br /> <br /> Nothing contained in this Lease shall relieve the Lessee of its obligations and <br />responsibilities under any Loans to operate the Project as set forth in the Loan Documents. <br /> <br />4.2 I ,iepq ancl Fncl~mhrance~ Against I e~ee"q Interest in the I eaaehnlcl F~tate <br /> <br /> (a) The Lessee shall have the right to encumber the leasehold estate created by <br />this Lease and the Improvements with the deeds of trust or mortgages specified in Fxhihit Fl <br />attached to this Lease. <br /> <br /> (b) For as long as the Project is subject to the Loan Documents or there is any <br />lien securing any Loans: <br /> <br /> (1) The Lessor shall not agree to any mutual termination or accept any <br /> surrender of this Lease, nor shall the Lessor consent to any <br /> amendment or modification of this Lease and any Lenders which <br /> have an outstanding Loan. In the event that the Lessor receives. <br /> competing or conflicting offers to cure any default, the Lessor shall <br /> <br />13 <br /> <br />44\105\153233.13 <br /> <br /> <br />
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