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<br />7. I-A , <br /> <br />those certain lands described in Section 3 subject to the reservations, terms, covenants and conditions of <br />this Lease. <br /> <br />LEASE TYPE: <br /> <br />General Lease - Public Agency Use <br /> <br />LAND TYPE: <br /> <br />Sovereign <br /> <br />LOCATION: <br /> <br />Steinberger Slough, near the city of Redwood City, San Mateo <br />County <br /> <br />LAND USE OR PURPOSE: <br /> <br />Continued use and maintenance of a concrete discharge pipe to <br />carry salt water from Redwood Shores Lagoon to the San <br />Francisco Bay via Steinberger Slough <br /> <br />TERM: <br /> <br />Twenty-five years; beginning December 13, 1999; ending <br />December 12, 2024, unless sooner terminated as provided under <br />this Lease. <br /> <br />CONSIDERATION: <br /> <br />The public use and benefit; with the State reserving the right at any <br />time to set a monetary rent if the Commission finds such action to <br />be in the State's best interest. <br /> <br />Subject to modification by Lessor as specified in Paragraph 2(b) of <br />Section 4 - General Provisions. <br /> <br />A UTHORIZED IMPROVEMENTS: <br /> <br />X EXISTING: <br /> <br />One 30-inch diameter concrete pipe extending approximately 120 <br />feet into Steinberger Slough <br /> <br />- TO BE CONSTRUCTED; CONSTRUCTION MUST BEGIN BY: <br /> <br />AND BE COMPLETED BY: <br /> <br />LIABILITY INSURANCE: <br /> <br />N/A <br /> <br />SURETY BOND OR OTHER SECURITY: <br /> <br />N/A <br />