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current Prime Rate plus four percent or the then prevailing maximum rate permitted by applicable law, whichever is less ("Interest Rate). (c) Taxes. Lessee shall pay, before they become delinquent, all taxes, charges, and assessments, which are levied upon, or assessed against any improvement or personal property, placed upon the Premises by Lessee. Lessee shall pay, before they become delinquent, any and all property taxes and/or possessory interest taxes, assessments and/or supplemental taxes which are levied or assessed by any local public entity or government on the Premises or Lessee's possession and/or use thereof. In addition to the taxes and assessments specified above, Lessee shall pay to Lessor any privilege, sales, gross income or other tax (not including federal or state income tax), if any, imposed upon the Rent received by Lessor by any agency having the authority to do so. 11. Notices. All notices, payments, or other communications by either party to the other under this Lease shall be in writing and shall be deemed to have been given or made on the date of service if served personally or on the second business day after mailing if mailed to the party to whom notice is to be given by first class mail, registered or certified, postage prepaid and properly addressed as follows: To Lessor: Peninsula Corridor Joint Powers Board 1250 San Carlos Avenue San Carlos, CA 94070 Attention: Executive Director To Lessee: City of Redwood City 1017 Middlefield Road Redwood City, CA 94064 ATTN: Pla~ing Department Either party may change its address by providing written notice to the other as provided herein. 12. Alterations. Lessee shall not make or suffer to be made any alterations, additions or improvements (collectively "Alterations") in, on, or to the Premises without the prior written consent of Lessor, which consent shall not be unreasonably withheld or delayed. Any Alterations Lessee is permitted to make shall be made by Lessee at Lessee's sole cost and expense except as the parties may otherwise expressly agree in writing. Prior to commencement of construction of the Alterations, Lessee shall deliver to Lessor, and obtain Lessor's approval of, a detailed construction plan for the Alterations, which approval shall not be unreasonably withheld or delayed. Prior to commencement of construction, Lessee shall also obtain and deliver to Lessor copies of all city, county, and/or other regulatory permits required for construction of the Alterations. Lessee shall keep the Premises free and clear of all liens of any kind. Lessee shall give Lessor at least ten (10) days' prior written notice of commencement of any work on -4- 895092.2