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4. The Auto Dealer will pay all Development Fees for Street Improvements (DFSI) <br /> as determined by the City of San Leandro. According to the Agency, the DFSI <br /> will be calculated only on net new construction (additional building square <br /> footage above what already exists). The Auto Dealer will also be responsible to <br /> pay for building and engineering fees as determined. KMA has not reviewed any <br /> cost figures nor any construction drawings, therefore, these Auto Dealer costs <br /> are undetermined. <br /> 5. It is our understanding that the Auto Dealer will locate dealerships as approved <br /> by the manufacturer, including but not limited to, automobile sales, leasing, <br /> service and parts by January 1, 1997. <br /> 6. The Auto Dealer is responsible for all costs, including land, associated with <br /> purchasing, installing and operating the freeway sign. <br /> 7. Auto Dealer agrees to generate annual taxable sales of a minimum of $20 million <br /> on the Auto Dealer's automobile dealerships on Marina Boulevard in San <br /> Leandro for a period of 20 years. If in any year the Auto Dealer does not <br /> generate annual taxable sales of $20 million, the Auto Dealer shall pay the <br /> Agency the difference or "shortfall amount" of its share of sales taxes based on <br /> $20 million (i.e., $200,000 per year) and the actual sales tax generated, as <br /> calculated using the fotmuia detailed in the DDA. <br /> S. The Auto Dealer is also considering purchasing or leasing additional parcels, <br /> without Agency financial assistance. There are two parcels: 1200 Marina <br /> Boulevard (for a new or used car dealership) and an unused portion of the <br /> property located at 1444 Marina Boulevard (for vehicle storage.) The status of <br /> these parcels is in varying stages of commitment and they are excluded from this <br /> analysis. <br /> KEYSER MARSTON ASSOCIATES INC. <br /> 19096■0014- 002.doc Page 6 <br />