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02
City of Pleasanton
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CITY CLERK
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2017
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101717
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
10/17/2017
DESTRUCT DATE
15Y
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Section 5.2 Lessor's Estate Notwithstanding anything contained in this Lease to the <br /> contrary, any and all Impositions for taxes and assessments charged against the value of Lessor's <br /> Estate shall be the responsibility and obligation of Lessor Notwithstanding any contrary <br /> provision of this Lease, Lessee shall be responsible for payment of any possessory interest taxes <br /> payable in connection with this Lease and the Leasehold Estate <br /> Section 5 3 Contested Taxes and Other Impositions <br /> (a) Lessee, in its own name or in the name of Lessor if prior written consent <br /> of Lessor is obtained by Lessee, may contest the validity or amount of any Imposition relating to <br /> all or any portion of the Leased Premises, in which event the payment thereof, if authorized by <br /> applicable law, may be deferred during the pendency of such contest, if diligently prosecuted If <br /> applicable law is silent on or expressly disallows defemng payment pending the contest of <br /> validity, Lessee shall timely pay any Imposition that is subject to dispute under protest, reserving <br /> any and all rights for repayment from the applicable taxing entity if resolution of such contest <br /> results in a decision or judgment in Lessee's favor. <br /> (b) As may be necessary or desirable, Lessor or Lessee, as applicable, upon <br /> the request of the other Party, shall use its best reasonable efforts to assist in any such proceeding <br /> to contest the validity or amount of any Imposition <br /> Section 5.4 Valuation Assessment/Property Tax Exemption. If applicable, Lessee may <br /> attempt to obtain a lowering of the assessed valuation of the Leased Premises for any year or <br /> obtain a property tax exemption for the purpose of reducing taxes thereon In such event, upon <br /> Lessee's request, Lessor shall use its reasonable efforts to assist Lessee in such endeavor, <br /> provided, however, that Lessor shall incur no liability or otherwise be construed as being in <br /> default under this Lease for any assistance (or limitation of assistance) provided to Lessee <br /> pursuant to this Section <br /> Section 5.5 Failure to Pay Impositions If Lessee shall fail to pay any Impositions <br /> before the same become delinquent, except if Lessee is in good faith contesting such Impositions <br /> pursuant to Section 5 3 hereof, Lessor, at its election, may pay such Impositions (but shall not be <br /> obligated to pay same), together with any interest and penalties due thereon, and the amount so <br /> paid by Lessor shall be repayable to Lessor by Lessee, with an additional interest payment <br /> payable to Lessor in an amount of 10% of the total payment (including interest and payments) <br /> paid by Lessor for the Imposition, or the maximum amount of interest allowable pursuant to law, <br /> whichever is less, within thirty(30) days as Additional Rent hereunder. <br /> Section 5.6 Utilities Lessee shall pay all charges for all utilities used, rendered or <br /> supplied upon or in connection with the Improvements and the operation or construction thereof <br /> including, but not limited to, all charges for gas, electncity, light, heat or power, all telephone <br /> and other communications services, all water rents and sewer service charges, and all sanitation <br /> fees or charges (all of the foregoing, collectively "Utility Charges") levied or charged against the <br /> Leased Premises during the Term, provided, however, that Lessee shall have no responsibility <br /> hereunder for the payment of Utility Charges for utilities supplied by the respective providers <br /> directly to Tenants for such Tenants' use in connection with the occupancy of their respective <br /> residential units unless otherwise provide in the applicable Tenant Lease Notwithstanding any <br /> 13 <br /> 191\52\1656915 8 <br /> OAK#4834-9609-1684 v9 <br />
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