Laserfiche WebLink
GROUND LEASE <br /> This Ground Lease (this "Ground Lease") executed and entered into as of <br /> March 1, 1994, is by and between CITY OF SANTA ANA (tile "City"), a municipal <br /> corporation, duly organized and validly existing under the Constitution and laws of the State <br /> of California, as lessor, and SANTA ANA FINANCING AUTHORITY (the "Authority"), a <br /> joint powers authority, duly organized and existing under and by virtue of the Constitution and <br /> laws of the State of California, as lessee. <br /> WITNESSETH : <br /> That in consideration of the mutual promises and agreements herein contained, <br /> the parties hereto agree as follows: <br /> ARTICLE I <br /> DEFINITIONS <br /> All words and phrases defined in Section 1 of the Lease, dated as of the date <br /> hereof, by and between the Authority and the City shall have the same meanings in this Ground <br /> Lease. <br /> ARTICLE II <br /> DEMISING CLAUSES; RENTAL <br /> The City leases to the Authority, and the Authority leases from the City, the real <br /> property described on Exhibit A hereto, and all existing facilities and improvements located <br /> thereon (the "Parcels"), in accordance with the provisions of this Ground Lease, to have and <br /> to hold for the term of this Ground Lease. <br /> The Authority shall pay to the City as and for rental hereunder the sum of$1.00, <br /> and other good and valuable consideration, on or before the date of commencement of the term <br /> of this Ground Lease. Such amount shall constitute prepayment in full of all rental payable <br /> by the Authority hereunder. <br /> • <br /> LA1-63222.2 1 <br />