Lease - Marshlands - State Lands Commission 04122022

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MAILING ADDRESS: 14200 Chapman Rd San Leandro, CA 94578 LEASE TYPE: General Lease — Public Agency Use LAND TYPE: Sovereign LOCATION: San Francisco Bay, near City of San Leandro, as described in Exhibit A attached and by this reference made a part hereof. LAND USE OR PURPOSE: Use and maintenance of restored marshlands habitat, water circulation and drainage system, pedestrian and emergency vehicle access bridge as a component of the San Francisco Bay Trail, tide gates, and a pedestrian bridge. TERM: 25 years; beginning February 25, 2022; ending February 24, 2047, unless sooner terminated as provided under this Lease. CONSIDERATION: The public use and benefit, with the Lessor reserving the right at any time to set a monetary rent if the Lessor finds such action to be in the State's best interest or as specified in Paragraph 3(c) of Section 3 - General Provisions. AUTHORIZED IMPROVEMENTS: X_ EXISTING: Restored marshlands habitat, water circulation and drainage system, pedestrian and emergency vehicle access bridge as components of the San Francisco Bay Trail, tide gates, and a pedestrian bridge. LIABILITY INSURANCE: $2,000,000 SURETY BOND OR OTHER SECURITY: $0 SECTION 2 SPECIAL PROVISIONS BEFORE THE EXECUTION OF THIS LEASE, ITS PROVISIONS ARE AMENDED, REVISED, OR SUPPLEMENTED AS FOLLOWS: Lessee acknowledges that the land described in Exhibit A of this Lease is subject to the Public Trust and is presently available to members of the public for recreational, waterborne commerce, navigation, fisheries, open space, and any other recognized Public Trust uses. Lessee also agrees that Lessee's authorized activities and use of the Lease Premises shall not unreasonably interfere with or limit Public Trust rights and shall do so only to the extent necessary to protect public health and safety during activities authorized by Lessor, or when imminent threats to public health and safety are present.