Reso 1998-059 (Missing 1996-056 through 1996-058)

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Revenue and Taxation Code, Tenant acknowledges that it has been informed by Landlord, and is aware, that the leasehold interest created by this Lease will be subject to property taxation and that Tenant shall be subject to the payment of any and all property taxes or Impositions levied on such leasehold interest. If at any time during the Term the basis and/or bases of real estate taxation prevailing at the commencement of the Term shall be altered so that in addition to, or in lieu of, or as a substitute for the whole or any part of the Impositions now levied, assessed or imposed, there shall be levied, assessed or imposed upon or against Landlord a tax on rents, or a license fee measured by rents, a so-called "value added tax," or any other tax in lieu of or resulting from a revision of the present real estate tax structure, then and in any of such events the same shall be included with and deemed an Imposition under this Article and Tenant shall be responsible for that portion thereof that would have been levied, assessed or imposed on Landlord had the Premises constituted all of Landlord's real property. Tenant shall pay, before delinquency, any and all taxes and assessments levied or imposed against, or on account of, all fixtures, equipment and personal property located in or upon the Premises even if such taxes and assessments do not become a lien against the Premises and/or the Improvements. Tenant shall collect and remit to Landlord any and all transient occupancy taxes or similar taxes or fees levied or imposed by the City of San Leandro ("TOT") and shall, where necessary, apportion the fair market value of meals and other services provided to transient occupants from the value of lodging provided to insure accurate allocation of taxable and nontaxable items and LEASE BETWEEN CITY OF SAN LEANDRO AND SAN FRANCISCO BAY CONFERENCE RESORT PAGE 25 002574.0001\409817.4