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31, 2019. This would total $9,740 for calendar year 2019. Beginning in early 2020, the PDA's annual use would automatically renew, and the monthly rent will be adjusted by the Consumer Price Index. PDA will be responsible for utilities, interior maintenance based on daily use, and will maintain insurance while the use agreement is in effect. PDA will provide its own furniture, fixtures, equipment and computers. The City will be responsible for upkeep of the grounds and landscaping, the building roof and exterior walls, and the building security system as well as major maintenance such as exterior painting and weatherproofing, HVAC, windows, etc. The City or PDA may terminate the lease for any reason with 90 days written notice. The above terms, which are similar in nature with terms that were applied to previous tenants, are not intended to recover the full cost of operating the building or to profit from rent charges. Rather, the use of the building is seen as part of the City's commitment to work cooperatively with the Pleasanton Downtown Association. As a result, the use agreement provides the City with terms that protect its interest while assisting the efforts of PDA by redirecting the funds currently spent on a market-rate lease toward additional event programming, merchant support, business development activities and promotion of downtown Pleasanton. Submitted by: Fiscal Review: Approv d y: amela Ott Tina Olson Nelson Fialho irector of Economic Director of Finance City Manager Development Attachments: 1. Use Agreement for 333 Division Street 3