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City of San Leandro <br />Civic Center, 835 E. 14th Street <br />San Leandro, California 94577 <br />August 1, 2011 <br />San Leandro Chamber of Commerce <br />15555 East 141h Street, Suite 100 <br />San Leandro, CA 94578 <br />Attn: David Johnson, CEO <br />Dear Dave: <br />Pursuant to Section 2.3 of the Lease with Option to Purchase pertaining to the property located at <br />262 Davis Street in the City of San Leandro (the "Lease"), dated as of September 2, 2008, and <br />executed by and between the San Leandro Chamber of Commerce (the "Chamber") and the <br />Redevelopment Agency of the City of San Leandro (the "Agency"), this letter serves as notice <br />that the Agency hereby exercises its option to extend the term of the Lease for an additional one <br />year through October 1, 2012. <br />As you know, completion of construction of the Office Condominium was delayed, but we <br />anticipate that construction will be completed in accordance with the plans approved by the <br />Chamber on November 20,2008, and that the Office Condominium is scheduled to be ready for <br />occupancy by the Chamber in spring of2012. <br />Very truly yours, <br />~"kt~ <br />Lianne Marshall <br />Executive Director <br />G:\OBD\Files RDA\Joint ProjectArea\Estudillo Garage· 2008 Bond\Draft CC&Rs City·Chamber\SLO -letter re exercise of lease extension option. DOC <br />1712086.1 <br />Stephen H. Cassidy, Mayor <br />City Council: Pauline Russo Cutter Michael J. Gregory Jim Proia <br />Ursula Reed Diana M. Souza Joyce R. Starosciak