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Use of City Property – Centennial Park36Fiscal Impact Term End Information & OptionsRancho SantiagoCommunity College at Centennial ParkRSCC pays 25% of common area O&M costs, with first year maximum of $56,440 subject to annual maximum 5% increase.June 3, 2101 Lease effective May 8, 2020. RCSS to make a one-time $1 million capital contribution for a mutually agreeable improvement.RSCC recently requested an amendment to set annual contribution at $56,440 with a 2% increase each year, provide 1,000 sq ft. office space to PRCSA for 15 years, reset timeline for mutually agreeable improvement, and require separate agreements for joint-use facilities.Godinez High School at Centennial ParkNo revenue, as City has joint-use of facilities.City’s cost is pro-rata share of electricity and athletic field reseed/repair, plus a custodial contribution based on formula. Total of approximately $150,000 per year.99-years,commencing within 5 years after 2002 agreementCity leased land to SAUSD for High School improvements. Joint-use agreement for City use of Gymnasium, Sports Fields and other facilities outside of school hours.SAUSD has the right to purchase the land for $1 dollar with approval from the National Park Service. Lease terminates if SAUSD no longer operates the school.