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<br />1. Lease. City shall sublease from Agency its 150 parking spaces in the parking <br />garage on the same terms and conditions as under the Lease. <br /> <br />2. Term. The term of this sublease shall commence as of the date of the Certificate <br />of Occupancy, as that term is defmed in section 314 of the DDA, and shall continue as a month- <br />to-month tenancy. <br /> <br />3. Rent. City shall pay Agency a monthly rent of $40.00 per parking space, due and <br />payable the first of each month beginning the 1st day of January 2005, that constituting the first <br />full month following issuance of the Certificate of Occupancy for the parking garage. <br /> <br />4. Late Pavrnents. Any rent payment due on a Saturday, Sunday or City holiday <br />shall be made by the City the next business day. City shall pay Agency late fees equal to the <br />interest the Agency would have earned under the then Agency rate for investments for any rent <br />payment late by more than five (5) business days. <br /> <br />5. Notices. All notices or other communication shall be in writing and sent by first- <br />class mail, faxed or personally delivered to the notice address set forth under the signature blocks <br />below, or at such other places as the parties may hereafter designate in writing. <br /> <br />Agency: <br /> <br />Community Redevelopment Agency of the <br />City of Santa Ana .. <br />20 Civic Center Plaza, M-25 <br />Santa Ana, CA 92702 <br />Attn: Patricia C. Whitaker, Executive Director <br />Fax: (714) 647-6549 <br /> <br />With Copy to: <br /> <br />Agency General Counsel <br />Community Redevelopment Agency ofthe <br />City of Santa Ana <br />20 Civic Center Plaza, M-29 <br />Santa Ana, California 92702 <br />Fax: (714) 647-6515 <br /> <br />City: <br /> <br />Clerk ofthe Council <br />City of Santa Ana <br />20 Civic Center Plaza, M-30 <br />Santa Ana, CA 92702 <br />Fax: (714) 647-6956 <br /> <br />With Copy to: <br /> <br />City Attorney <br />City of Santa Ana <br />20 Civic Center Plaza, M-29 <br />Santa Ana, California 92702 <br />Fax: (714) 647-6515 <br /> <br />2 <br />