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Packet 20231016
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5G Consent
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Last modified
3/21/2024 5:56:02 PM
Creation date
12/26/2023 3:00:13 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
10/16/2023
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PERM
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<br />ii <br />archaeology thereof, and the laws relating to the construction, <br />maintenance, use and operation of the Improvements, including <br />environmental, zoning and other land use entitlement requirements and <br />procedures, height restrictions, floor area coverage limitations and similar <br />matters, and has not relied upon any statement, representation or warranty <br />of Lessor of any kind or nature in connection with its decision to execute <br />and deliver this Ground Lease and its agreement to perform the <br />obligations of Lessee except as provided in this Ground Lease. .............................6 <br />Section 2.6................................................................................................ Memorandum of <br />Lease. .......................................................................................................................7 <br />ARTICLE 3. Rent ..........................................................................................................................7 <br />Section 3.1................................................................................................................ Ground <br />Rent. ........................................................................................................................7 <br />Section <br />3.2............................................................................................................. Payments. <br />..................................................................................................................................7 <br />ARTICLE 4. The Improvements ..................................................................................................7 <br />Section 4.1.................................................................. Construction and Rehabilitation of <br />Improvements. ........................................................................................................7 <br />Section 4.2........................................................................................ Permits, Licenses and <br />Easements. ..............................................................................................................8 <br />Section 4.3....... Construction Contract. Lessor shall enter into one or more construction <br />contracts with one or more general contractors for the rehabilitation and <br />construction work for the Improvements with a general contractor <br />reasonably acceptable to the Lessor, which general contractor shall be <br />duly licensed in the State of California and shall have significant <br />experience in organizing and contracting development projects of the type <br />and scale similar to the Project. ...............................................................................8 <br />Section 4.4................................................................................................. Prevailing Wage <br />Requirements..........................................................................................................8 <br />Section 4.5.................................................................................................Compliance with <br />Laws. .....................................................................................................................10 <br />Section <br />4.6.................................................................................................................... Liens. <br />................................................................................................................................10 <br />Section 4.7................................................................................................................. Title to <br />Improvements. ......................................................................................................11 DRAFT
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