Item 28 - Agreement with County of Orange for Parking Lease at 420 N Main Street

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TT 5/7/2021 Page 3 of 12 420 N. Main Parking License Health Care Agency Standard Acquisition License Form 6. TERM (SALic-1.5 S) This License shall commence on August 1, 2021, (“Commencement Date”) and shall continue in effect until July 31, 2026 (“Term”), unless terminated earlier in accordance with Clause 7 (TERMINATION) of this License. The Parties shall have the option to extend the term (the “Option”) of this License, under the same terms and conditions, for one (1) consecutive five (5) year period (“Extension Term”), exercised by the Chief Real Estate Officer and memorialized in an amendment executed by the Chief Real Estate Officer and Licensor. County shall give Licensor written notice of its intent to exercise its Option to extend the Term no sooner than twelve (12) months and no later than nine (9) months prior to the License termination date. The Parties agree that the License Fee during the Extension Term shall be consistent with Clause 8 (LICENSE FEE). “Term” as used in this License shall mean the initial Term and the Extension Term(s) if the Option is duly exercised. If the County exercises the Option to extend, County shall continue to have the option to terminate the License pursuant to Clause 7 (TERMINATION). 7. TERMINATION (SALic-1.6 S) This License shall be revocable by either Party at any time; however, as a courtesy, the terminating Party will attempt to give thirty (30) days written notice to the other Party prior to the termination date. 8. LICENSE FEE (SALic-1.7 S) County agrees to pay Licensor, starting on the Commencement Date, the sum of Fifty Dollars ($50.00) per parking space (“Per Parking Space Rate”), which equates to the total sum of Two Thousand Dollars ($2,000.00) per month, as a fee for use of the License Area (“License Fee”). During the Term of this License, Licensor reserves the right to change the above-mentioned Per Parking Space Rate in the event of an increase in rates for the general public at the parking structure as determined by Licensor, upon no less than thirty (30) days prior written notice to County consistent with Clause 31 (NOTICES). The License Fee shall be adjusted consistent with the new Per Parking Space Rate, which shall not exceed seventy and 00/100 dollars ($70.00) per parking space at any time during the Term. To obtain License Fee payments due hereunder, Licensor (or Licensor’s designee) shall submit to the County’s HCA/Facilities Service Manager office in a form acceptable to the HCA/Facilities Service Manager, a written claim for said payments. Payment shall be due and payable within twenty (20) days after the later of the following: A. The first day of the month following the month earned; or B. Receipt of Licensor’s written claim by the HCA/Facilities Service Manager In the event the obligation to reimburse or pay begins or terminates on some day other than the first or last day of the month, the fee shall be prorated to reflect the actual period of use based on a thirty (30) day month. EXHIBIT 1