Agmt17 Belmont-Redwood Shores School District

Browse Search

ORIGINAL GROUND LEASE This ground lease ("Lease") is entered into this $ay of 2017, "E ective Date") by and between the City of Redwood City, a California municipal torpor////anon (`Cit )and the Belmont -Redwood Shores School District, a public school district in San Mateo County ("District") (collectively "Parties"). RECITALS A. City is the owner of certain real property located within the City of Redwood City, County of San Mateo, State of California, as more particularly described in Exhibit A attached hereto ("Sandpiper Park"). B. District is the owner of certain real property located within the City of Redwood City, County of San Mateo, State of California, described in Exhibit B attached hereto ("Sandpiper School Property"), upon which District operates Sandpiper Elementary School ("Sandpiper School"). C. City and District (the "parties"), on or about June 7, 1995, entered into an Agreement for Joint Use of the Sandpiper Park Site (as amended from time to time, the "Joint Use Agreement"), attached hereto as Exhibit C, affecting the property identified in Exhibits A and B ("Sandpiper Joint Use Site"). Since entering into the Joint -Use Agreement, the Sandpiper Joint Use Site has been jointly, beneficially, and continually used by the parties for park and school purposes. D. To accommodate projected growth and reduce overcrowding, District wishes to expand Sandpiper School by constructing at its expense and operating a new District -owned classroom building ("New Classroom Building") on a certain portion of City -owned real property located within the Sandpiper Joint Use Site, as more particularly described and shown in Exhibit D attached hereto (the "Premises"). Upon completion of the New Classroom Building, it is projected that Sandpiper School will serve a total of approximately 786 K-8 District students, a significant proportion of whom will be residents of Redwood City who reside near Sandpiper School. E. City wishes to make the Premises available to District, through a long-term ground lease, for purposes of constructing and operating the New Classroom Building. In partial consideration for District's use of the Premises, City wishes to obtain certain amendments to the Joint Use Agreement, as more particularly set forth in a separately executed Amendment to the Joint Use Agreement, and certain improvements to the Sandpiper Joint Use Site, as more particularly set forth in this Lease at sections 9.2(a) -9.2(c) (collectively "Additional Site Improvements"). F. The Parties, through their respective governing bodies authorized to enter into this Lease, have determined that: (1) the Lease of the Premises will provide substantial public benefit to District and City respectively, such public benefit greatly exceeding the benefit from sale of the Premises; and (2) this Lease will complement and not interfere with the use or development of other areas of the Sandpiper Joint Use Site. follows: NOW, THEREFORE, in consideration of the terms, conditions, and covenants herein, the Parties agree as AGREEMENT SECTION 1. LEASE OF PREMISES City hereby leases and demises to District, and District hereby leases and hires from City, the Premises, as depicted on Exhibit D to this Lease, for the District's Use, as generally described in Section 4 of this Lease. SECTION 2. TERM 2.1 Term. The term of this Lease ("Term") shall commence ("Term Commencement Date") on the date the plans and specifications for the New Classroom Building are approved pursuant to California Education Code sections 17280 to 17316, inclusive, and shall expire at 11:59 p.m. on the last day of the month in which the 55'h anniversary of ATTY/AGR/2017.041/GROUND LEASE —SANDPIPER REV: 02-27-17 JS Page 1 of 33