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AMADOR THEATER TRANSFER AGREEMENT <br />BETWEEN <br />PLEASANTON UNIFIED SCHOOL DISTRICT <br />AND <br />CITY OF PLEASANTON <br />i <br />1 <br />This Amador Theater Transfer Agreement("Agreement") is entered into by and between <br />the Pleasanton Unified School District, a public school district organized and existing under the <br />laws of the State of California("District") and the City of Pleasanton, a municipal corporation <br />existing under the law of the State of California("City"). The District and City may each be <br />referred to individually as "Party" and together as the "Parties" in this Agreement. <br />RECITALS <br />WHEREAS, on January 19, 1988, the City of Pleasanton and the Amador Valley Joint Union <br />High School District (the "AVJUHSD") entered into an Agreement to Convey Amador Theater <br />to the City Including Terms and Conditions Regulating the Management and Use (the "1988 <br />Agreement")whereby the AVJUHSD conveyed by grant deed, see Exhibit A, the Amador <br />Theater property located on the campus of Amador Valley High School at 1155 Santa Rita Road, <br />Pleasanton to the City; and <br />WHEREAS, the 1988 grant deed attached as Exhibit A was subject to the terms and conditions <br />set forth in the 1988 Agreement; and <br />WHEREAS, the District is the successor to the Amador Valley Joint Union High School <br />District; and <br />WHEREAS, the 1988 Agreement, in Section I.e. provides that: "The District shall have and <br />retain the right to repurchase the Property for$100.00 if the City shall ever cease management <br />and operation of a City theater on the Property or fifty years from the date of this Agreement, <br />whichever comes first."; and <br />WHEREAS, the District wishes to have the Amador Theater returned to the District; and <br />WHEREAS, District and City agree to cooperate for advance notice to the City if the Amador <br />Theater is decommissioned so that any community theater events can be timely discontinued, <br />and the City can remove personal property and equipment from the Amador Theater. <br />NOW, THEREFORE, in consideration of the mutual promises and agreements <br />contained herein, the Parties agree as follows: <br />1