RES 87418 - Laserfiche WebLink

FACILITY LEASE (CAPITAL PROJECTS I AND II) This Facility Lease (Capital Projects I and II), dated as of October 1, 1987, between the CITY OF PLEASANTON PUBLIC FACILITIES CORPORATION, a nonprofit corporation duly organized and existing under and by virtue of the laws of the State of California (herein called the "Corporation"), as lessor, and the CITY OF PLEASANTON, a municipal corporation of the State of California (herein called the "City"), as lessee; WITNESSETH: In consideration of the mutual covenants hereinafter contained, the parties hereto agree as follows: Section 1. Definitions. Unless the context otherwise requires, the terms defined in this Section shall, for all purposes of this Lease, have the meanings herein specified, the following definitions to be equally applicable to both the singular and plural forms of any of the terms herein defined: The term "Additional Rental" means all amounts payable to the Corporation or the Trustee from the City as Additional Rental pursuant to Section 3(b) hereof. The term "Corporation" means (i) City of Pleasanton Public Facilities Corporation, acting as lessor hereunder; (ii) any surviving, resulting or transferee agency; and (iii) except where the context requires otherwise, any assignee of the Corporation. The term "Base Rental" means all amounts payable to the Corporation from the City as Base Rental pursuant to Section 3(a) hereof. The term "Capital Project I" means a new water reservoir and pipeline in the County of Alameda, California, to be commonly known and designated as the Sycamore Water Reservoir, to be located approximately 1300 feet northeast of the intersection of Alisal Road and Sycamore Road, and to have a capacity of approximately 8,000,000 gallons of water, including all works, properties and structures comprising said reservoir and pipeline, together with parking, site development, landscaping, utilities, equipment, furnishings, improvements and appurtenant and related facilities, all to be 1456S