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LEASE AGREEMENT BETWEEN <br />THE CITY OF SANTA ANA AND <br />FIESTA MARKETPLACE PARTNERS #1 <br />1. PARTIES <br />This Lease is made and entered by and between Fiesta Marketplace Partners #1 <br />("Landlord") and the City of Santa Ana, a charter city and municipal corporation duly <br />organized and existing under the Constitution and laws of the state of California <br />("Tenant"). <br />2. PREMISES <br />Landlord does hereby lease to Tenant, and Tenant hereby leases from Landlord <br />that certain office space ("Premises") indicated on Exhibit A, attached hereto and <br />incorporated herein, said Premises being agreed, for purpose of this Lease, to have an <br />area of approximately Three Thousand Nine Hundred Ten (3,910) square feet, being <br />situated within that certain building known as 305 E. Fourth Street, Second Floor, in the <br />City of Santa Ana 92701 ("Property"). <br />3. TERM OF LEASE <br />The term of this Lease shall be for one (1) year, commencing on the first (1St) day <br />of August 2009, and ending on the thirty-first (31St) day of July, 2010. Upon expiration <br />of said term, there shall be two 1-year options, each exercisable at the sole option of the <br />Tenant. <br />4. RENT/IMPROVEMENTS <br />(a) Rent. Tenant shall pay Landlord monthly rent in the amount of Five Thousand <br />Eight Hundred Sixty Five Dollars ($5,865.00) for the one-year term. Tenant agrees to pay <br />rent payments on or before the fifth (Sty') day of each full calendar month during the term <br />hereof. Rent for any period during the rental term which is less than one (1) month shall <br />be a prorated portion of the monthly installment herein, based upon a thirty (30) day <br />month. <br />(b) Annual Adjustment. There shall be a 2% annual increase in the rent amount at <br />the time each option to renew is exercised. <br />(c) Improvements. Landlord shall provide the following modifications to the <br />Property/Premises at no cost to the Tenant so long as Tenant exercises at least one 1-year <br />option. Should Tenant terminate this Lease after the one (1) year term, Tenant will be <br />required to reimburse Landlord for half of the Improvement costs. Landlord shall <br />provide Tenant with documentation pertaining to the cost of the Improvements prior to <br />25H-3 <br />