Loading...
CONTRACT 4017 Leasing Agreement40f . Wifeless Communications Facility Permit 400 Lomita Street, El Segundo, CA Los Angeles SMSA Limited Partnership d/b /a Verizon Wireless September 30, 2009 LEASE AGREEMENT THIS LEASE AGREEMENT ( "Agreement "), dated as of the date below, is entered into by the City of El Segundo, a government agency, with a Tax ID# of 95- 6000706, having its principal office at 350 Main Street, El Segundo, California ( "Landlord ") and Los Angeles SMSA Limited Partnership, a California limited partnership, d/b /a Verizon Wireless, by AirTouch Cellular, its general partner, with its principal offices at One Verizon Way, Mail Stop 4AW100, Basking Ridge, New Jersey 07920 (telephone number 866 - 862 -4404) ( "Tenant "). BACKGROUND Landlord owns that certain plot, parcel or tract of land, together with all the rights and privileges arising in connection therewith, located at 400 Lomita Street, El Segundo, Los Angeles County, State of California as further described on the Legal Description of the property attached as Exhibit "A," and incorporated herein by reference (collectively "Property "). Tenant desires to use a portion of the Property in connection with its federally licensed communications business. The parties agree as follows: 1. LEASE OF PREMISES. Landlord leases to Tenant a portion of the Property consisting of (a) a parcel of land for Tenant's equipment containing approximately two hundred fifty -two (252) square feet and measuring approximately twelve (12) feet by twenty one (21) feet ( "Land Space "), and (b) such easements as are necessary for the installation, operation and maintenance of Tenant's antennas and initial installation as described on the site drawings attached hereto as Exhibit "B," which is incorporated herein by reference (collectively, "Premises "). 2. PERMITTED USE. Tenant may use the Premises for the transmission and reception of communication signals and the installation, maintenance, operation, repair and replacement of its communication fixtures and related equipment, cables, accessories and improvements (collectively the "Communications Facility ") and any other items necessary to the successful and secure operation of the Communications Facility, as substantially described in Exhibit "B "; such use includes the right to test and check title on the Property. Landlord's execution of this Agreement signifies Landlord's approval of Exhibit "B." Tenant has the right to make Property improvements, alterations or additions ( "Tenant's Changes ") consistent with the building and facility specifications attached hereto as Exhibit "B," and incorporated herein by reference. Before the initial installation of Tenant's Changes, Tenant will supply Landlord with plans and specifications consistent with Exhibits `B" ( "Plans ") to be reviewed and approved by Landlord before Tenant makes Tenant's Changes. Landlord's approval will not be unreasonably withheld, conditioned or delayed. After approval, the Plans will be considered incorporated in this Agreement as Exhibit "D." If Landlord disapproves of the Plans upon a second (2nd) submission, Tenant may terminate this Agreement. However, Landlord and Tenant agree to use good -faith efforts to arrive at mutually acceptable Tenant's Changes. Tenant agrees to comply with all applicable governmental laws, rules, statutes and regulations, relating to its use of the Communications Facility on the Property. Tenant shall not materially alter the exterior physical appearance of the Communications Facility without Landlord's prior written consent, which may be withheld in Landlord's sole reasonable discretion. Notwithstanding the foregoing, Tenant has the right to repair the Communications Facility and make like -kind equipment replacements and modifications and Tenant shall have the right to make such repairs, replacements and modifications provided that Tenant complies with the access provision, including any notice and approval requirements, set forth in Section 11 below. 9964439.1 4p.17 • .x Wireless Communications Facility Permit 400 Lomita Street, El Segundo, CA Los Angeles SMSA Limited Partnership d/b /a Verizon Wireless September 30, 2009 3. TERM. (a) The initial lease term will be five (5) years ( "Initial Term "), commencing upon the Commencement Date, as defined below. The Initial Term will terminate on the last day of the month in which the fifth annual anniversary of the Commencement Date occurred. (b) This Agreement will automatically renew for three (3) additional five (5) year term (each, an "Extension Term "), upon the same terms and conditions unless Tenant notifies Landlord in writing of Tenant's intention not to renew this Agreement at least ninety (90) days before the expiration of then existing term. (c) If Tenant remains in possession of the Premises after the termination or expiration of this Agreement, then Tenant is deemed to be occupying the Premises on a month to month basis ( "Holdover Term "), subject to the terms and conditions of this Agreement. (d) The Initial Term, Extension Term(s), and the Holdover Term are collectively referred to as the "Term." 4. RENT. (a) Commencing on the first day of the month during which Tenant commences construction of its Communications Facility at the Premises ( "Commencement Date "), Tenant will pay Landlord an annual rent in the amount of Nineteen Thousand Eight Hundred and 00 /100 Dollars ($19,800.00) to be paid in equal monthly installments of One Thousand Six Hundred Fifty and 00 /100 Dollars ($1,650), plus any applicable tax assessed directly on Tenant's Communications Facility, at the address set forth above, on or before the fifth (5th) day of each calendar month in advance. Landlord and Tenant agree that they shall acknowledge in writing the Commencement Date. Landlord and Tenant acknowledge and agree that initial rental payment(s) shall not actually be sent by Tenant until thirty (30) days after said written acknowledgement confirming the Commencement Date. By way of illustration of the preceding sentence, if the Commencement Date is January 1 and the written acknowledgement confirming the Commencement Date is dated January 14, Tenant shall send to the Landlord the rental payments for January 1 and February 1 by February 13. (b) Beginning with year two (2) of the Initial Term, and each year thereafter throughout the Term of this Agreement, including throughout any Extension Term or Holdover Term, the annual rent will be increased by an amount equal to three percent (3 %) over the previous year's rent. 5. APPROVALS. (a) Landlord agrees that Tenant's ability to use the Premises is contingent upon its suitability for Tenant's intended use and Tenant's ability to obtain all governmental licenses, permits, approvals or other relief required of or deemed necessary by Tenant for its use of the Premises, including without limitation applications for zoning variances, zoning ordinances, amendments, special use permits, and construction permits (collectively referred to as, "Governmental Approvals "). Landlord authorizes Tenant to prepare, execute and file all required applications to obtain Governmental Approvals for Tenant's use under this Agreement and agrees to reasonably cooperate with Tenant with such applications. (b) Tenant has the right, at its sole expense, to obtain a title report or commitment for a leasehold title policy from a title insurance company of its. Tenant has thirty (30) days from the effective date of this Agreement to either accept or reject matters of record title. If Tenant rejects any matters of record title, Tenant must notify Landlord per Section 17 and Landlord can use its sole discretion to correct any such matters within ninety (90) days after receipt of such notice. In the event that Landlord does not correct any record title matters objected to by Tenant, Tenant may either terminate this Agreement, or accept such matter or record title. (c) Tenant may also obtain, at Tenant's sole cost and expense engineering or environmental tests or reports ( "Tests ") relating to the feasibility of locating the Facility on the Premises with the prior written consent of Landlord. 9964439.1 4 0 Wireless Communications Facility Permit 400 Lomita Street, El Segundo, CA Los Angeles SMSA Limited Partnership d/b /a Verizon Wireless September 30, 2009 6. TERMINATION. This Agreement may be terminated as follows: (a) by either party on thirty (30) days prior written notice, if the other party remains in default under Section 15 of this Agreement after the applicable cure periods; (b) by Tenant upon written notice, if Tenant is unable to obtain, or maintain, any required approval(s) or the issuance of a license or permit by any agency, board, court or other governmental authority necessary for the construction or operation of the Communications Facility as now and hereafter intended by Tenant or if Tenant determines in its sole discretion that the cost of obtaining or retaining the same is commercially unreasonable; or for any other reason identified in this Agreement. (c) by Tenant on ninety (90) days written notice for any reason. 7. INTERFERENCE. (a) Tenant acknowledges there are existing radio frequency user(s) on the Property; Landlord will provide Tenant with a list of all existing radio frequency user(s) and their frequencies on the Property to allow Tenant to evaluate the potential for interference between the Communications Facility and the existing frequency users. Tenant will conduct testing before activation of the Communications Facility to ensure that the operation of its Communications Facility does not interfere with existing radio frequency users. (b) Landlord will not grant, after the date of this Agreement, a lease, license or any other right to a third party, save other existing and prospective tenants, for use of the Property, if such use materially interferes with the operations of Tenant's Communications Facility, unless such interference is the result of operations that are intended to be a part of, or enhance, Landlord's police and fire communications equipment and existing or prospective uses on the Property. (c) Landlord will not use, nor will Landlord permit its employees, tenants, licensees, invitees or agents to use, any portion of the Premises that in any way interferes with the operations of Tenant or the rights of Tenant under this Agreement except as necessary to carry out emergency operations of Landlord or as otherwise permitted under this Agreement. Landlord will with reasonable due diligence cause unauthorized interference to cease upon not more than twenty -four (24) hour written notice thereof from Tenant. (d) It is understood that Landlord operates a police and fire emergency communication system and that the operation of such is paramount over any operation of Tenant's Communications Facility hereunder. It is further understood that Landlord may alter its current police and fire communication system in the future. Accordingly, the installation, maintenance and operation of the Communications Facility cannot interfere with Landlord's existing or future communications equipment, operations, or transmissions on or from the Property. In the event Tenant's installation, maintenance or operation of its Communications Facility interferes with Landlord's existing or future communications equipment, operations, or transmissions, Tenant will immediately cease such interference (except for intermittent testing), after verbal or written notice thereof until is able to resolve the interference problem. In connection therewith, Landlord is entitled to specific enforcement in order to cause such interference to cease and desist without allowing Tenant an opportunity to cure such interference as provided in Section 15 hereof. If the interference cannot be resolved within a reasonable period of time under the circumstances, either party shall be entitled to terminate this Agreement upon providing not less than thirty (30) days written notice to the other party. Verbal notice to Tenant under this Paragraph shall be given to Tenant's Network Operations Center at (800) 264 -6620. 8. INDEMNIFICATION. (a) Tenant agrees to indemnify, defend and hold Landlord harmless from and against any injury, loss, damage or liability (or any claims in respect of the foregoing), costs or expenses (including reasonable attorney's fees and court costs) arising directly from the installation, use, 9964439.1 4 0 17 . N. Wireless Communications Facility ermit a `•J Y 400 Lomita Street, El Segundo, CA Los Angeles SMSA Limited Partnership d/b /a Verizon Wireless September 30, 2009 maintenance, repair or removal of the Communications Facility or its breach of any provision of this Agreement, except to the extent caused by the negligent acts or omissions of Landlord, its employees, agents or independent contractors. (b) Landlord agrees to indemnify, defend and hold Tenant harmless from and against any and all injury, loss, damage or liability (or any claims in respect of the foregoing), costs or expenses (including reasonable attorneys' fees and court costs) arising directly from the actions or failure to act of Landlord or its employees or agents, or the breach of any provisions of this Agreement, except to the extent attributable to the negligent or intentional acts or omissions of Tenant, its employees, agents or independent contractors. 9. WARRANTIES. Tenant and Landlord each acknowledge and represent that it is duly organized, validly existing and in good standing and has the right, power and authority to enter into this Agreement and bind itself hereto through the party set forth as signatory for the party below. Landlord represents and warrants that: (i) to the best of its knowledge, Landlord solely owns the Property as a legal lot in fee simple, or controls the Property by lease or license, unencumbered by any items, restrictions, mortgages, covenants, conditions, easements, leases, agreements of record or not of record, which would adversely affect Tenant's use and enjoyment and possession of the Premises under this Agreement; (ii) as long as Tenant is not in default Landlord grants to Tenant sole, actual, quiet and peaceful use, enjoyment and possession of the Premises; (iii) to the best of Landlord's knowledge, its execution and performance of this Agreement will not violate any laws, ordinances, covenants or the provisions of any mortgage, lease, or other agreement binding on Landlord; and (iv) if the Property is or becomes encumbered by a deed to secure debt, mortgage, or other security interest, Landlord will use its best efforts to notify Tenant of such and give Tenant the opportunity to secure a Subordination, Non - Disturbance and Attornment Agreement. However, Tenant takes possession of the Premises subject to those matters that are of record title or that Tenant could discover through reasonable due diligence under the circumstances or that it has actual notice of 10. ENVIRONMENTAL. (a) Landlord and Tenant agree that each will be responsible for compliance with any and all environmental and industrial hygiene laws, including any regulations, guidelines, standards, or policies of any governmental authorities regulating or imposing standards of liability or standards of conduct with regard to any environmental or industrial hygiene condition or matters as may now or at any time hereafter be in effect, that are now or were related to that party's activity conducted in, or on the Property. (b) Landlord and Tenant agree to hold harmless and indemnify the other from - and to assume all duties, responsibilities, and liabilities at its sole cost and expense - for all duties, responsibilities and liability (for payment of penalties, sanctions, forfeitures, losses costs, or damages) and for responding to any action, notice, claim, order, summons, citation, directive, litigation, investigation or proceeding which is related to (i) the failure to comply with any applicable environmental or industrial hygiene law, including without limitation any regulations, guidelines, standards or policies of any governmental entity with the authority to regulate or impose standards of liability or standards of conduct with regard to any environmental or industrial hygiene conditions or matters as may now or hereafter be in effect, or (ii) any environmental or industrial hygiene conditions that arise out of or are in any way related to the condition of the Property or activities conducted by the party using the Property to the extent such environmental conditions are caused by that party. (c) The indemnifications of this Section specifically include reasonable costs, expenses and fees incurred in connection with any investigation of Property conditions or any clean -up, remedial, removal or restoration work required by any governmental authority. The provisions of this 9964439.1 4O 17 Wireless Communications Facility Permit 400 Lomita Street, El Segundo, CA Los Angeles SMSA Limited Partnership d/b /a Verizon Wireless September 30, 2009 Section will survive the expiration or termination of this Agreement and/or any transfer or assignment of the rights and obligations under this Agreement. 11. ACCESS. At the following times throughout the term of this Agreement, and at no additional charge to Tenant, Tenant and its employees, agents, contractors, and subcontractors, will have regular access to the Property between 7:00 a.m. and 4:00 p.m. with the written or verbal approval of Landlord not to be unreasonably withheld or delayed, Monday through Thursday from the nearest public right -of- way, Lomita Street, for the installation, maintenance and operation of the Communications Facility and any utilities serving the Property. Tenant must provide two (2) hours prior notice to Landlord when accessing the Property, except in the case of an emergency, in which event Tenant must provide as much notice as possible to the Watch Commander of Landlord's Police Department of its intent to enter the Property. Landlord may in its reasonable determination deny such access if such will materially interfere with Landlord's operations. 12. REMOVAL. All portions of the Communications Facility brought onto the Property by Tenant will be and remain Tenant's personal property and, at Tenant's option, may be removed by Tenant at any time during the Term. Landlord covenants and agrees that no part of the Communications Facility constructed, erected or placed on the Premises will become, or be considered as being affixed to or a part of, the Property, it being the specific intention of Landlord that all improvements of every kind and nature constructed, erected or placed by Tenant on the Premises will be and remain the property of Tenant and may be removed by Tenant at any time during the Term. Within one hundred twenty (120) days of the termination of this Agreement for whatever reason, Tenant will remove all such improvements and return the Premises to Landlord in the same condition as the Premises were in on the Commencement Date, reasonable wear and tear excepted. 13. RELOCATION. Upon request by Landlord, from time to time, Tenant will make minor relocations of its Communication Facilities equipment so long as such relocations do not interfere with Tenant's operation of its Communications Facility. Landlord may require Tenant, at Tenant's sole expense, to make a major relocation of its Communication Facilities once during each five (5) year term of this Agreement. Landlord will give Tenant six (6) months written notice of its request to relocate the Communications Facility to a reasonable location on property owned by Landlord or on other property approved for uses consistent with the Communications Facility. If needed to minimize interruptions to Tenant's service, Landlord will allow Tenant to place a temporary cell site and antenna structure on the Property during said major relocation. Upon relocation of the Communications Facility, or any part thereof, all references to the site in this Agreement will be deemed to be references to the relocation site. Upon the permanent relocation, the parties will execute an amendment to this Agreement which redefines the Property, Premises, and the Communications Facility and which deletes the existing Exhibits A, B and D and replaces them with revised Exhibits. Except as expressly provided in this Section, Landlord and Tenant agree that in no event will the relocation of the Communications Facility of Tenant, or any part thereof, except as provided in this Section 13, affect, alter, modify or otherwise change any of the terms and conditions of this Agreement. 14. EMERGENCY GENERATOR; MAINTENANCE; UTILITIES. (a) As part of Tenant's operation system, Tenant has the option to connect to and utilize its own Emergency Generator System ( "Emergency Generator "). Tenant uses this equipment to have sufficient power to fully operate the Communications Facility equipment in the event of a power outage at the site. The Emergency Generator shall have dimensions not to exceed 5' long x 8' wide x C high. Tenant warrants that it will maintain the Emergency Generator at no additional cost to Landlord. 9964439.1 40"17. Wireless Communications Facility Permit 400 Lomita Street, El Segundo, CA Los Angeles SMSA Limited Partnership d/b /a Verizon Wireless September 30, 2009 (b) Tenant will keep and maintain the Premises in good condition, reasonable wear and tear and damage from the elements excepted. Tenant must, at Tenant's expense, commence repairs within two (2) days after written notice from Landlord, unless the nature of the repairs is such that it reasonably requires more than two (2) days to commence repairs. If such repairs are not commenced within the aforementioned cure period, Landlord may perform such repairs and bill Tenant for all reasonable costs. Tenant's obligation to maintain and repair the Premises does not include any portion of the site that Landlord or any other tenant of the Property is obligated to maintain and repair. Landlord will maintain and repair access to the Premises in good and tenantable condition, subject to reasonable wear and tear and damage from the elements. (c) Tenant will be solely responsible for and promptly pay all utilities charges for electricity, telephone service or any other utility used or consumed by Tenant on the Premises. Landlord will fully cooperate with any utility company requesting an easement over, under and across the Property in order for the utility company to provide service to Tenant. In the event Tenant cannot secure its own metered electrical supply, Tenant must, at its own cost and expense, install a sub -meter to Landlords' meter. Tenant will pay on a monthly basis the current local utility company rate for sub - metered electric, after the meter is read by Landlord and billed to Tenant. Landlord will not be responsible for interference with, interruption of or failure, beyond the reasonable control of Landlord, of Emergency Generator power or other such services to be supplied directly or indirectly by Landlord. 15. DEFAULT AND RIGHT TO CURE. (a) Tenant will be in default and breach of this Agreement if Tenant fails to perform any term or condition under this Agreement within forty -five (45) days after receipt of written notice from Landlord that specifies a specific failure by Tenant under this Agreement. No such failure, however, will be deemed to exist if Tenant has commenced to cure such default within such period and provided that such efforts are prosecuted to completion with reasonable diligence. Delay in curing a default will be excused if such is due to causes beyond the reasonable control of Tenant. If Tenant remains in default beyond any applicable cure period, Landlord will have the right to exercise any and all rights and remedies available to it under law and equity. (b) Landlord will be deemed to be in default and breach of this Agreement if Landlord fails to perform any term or condition under this Agreement within forty -five (45) days after receipt of written notice from Tenant that specifies a failure by Landlord under this Agreement. No such failure, however, will be deemed to exist if Landlord has commenced to cure the default within such period and provided that such efforts are prosecuted to completion with reasonable diligence. Delay in curing a default will be excused if it is due to causes beyond the reasonable control of Landlord. If Landlord remains in default beyond any applicable cure period, Tenant's sole remedy is to terminate this Agreement. 16. ASSIGNMENT /SUBLEASE. Tenant may assign, sell or transfer its interest under this Agreement without the approval or consent of Landlord, to Tenant's principal, affiliates, subsidiaries, subsidiaries of its principal or to any entity which acquires all or substantially all of Tenant's assets in the market defined by the Federal Communications Commission in which the Property is located by reason of a merger, acquisition, or other business reorganization. Upon notification to Landlord of such assignment, transfer or sale, Tenant will be relieved of all future performance, liabilities and obligations under this Agreement. Tenant may not otherwise assign this Agreement without Landlord's consent. 17. NOTICES. All notices (each, a "Notice ") hereunder will be given by first class certified or registered mail, return receipt requested, or by a recognized overnight courier, postage, prepaid, to be effective when properly sent and received, refused or returned undelivered. Notice will be addressed to the parties at the addresses set forth below: 9964439.1 Wireless Communications Facility Permit Los Angeles SMSA Limited Partnership d/b /a Verizon Wireless Tenant: Los Angeles SMSA Limited Partnership d/b /a Verizon Wireless 180 Washington Valley Road Bedminster, New Jersey 07921 Attention: Network Real Estate Site Name: Posa Park / Water Yard Landlord: Jack Wayt, City Manager City of El Segundo 350 Main Street El Segundo, CA 90245 Attn.: City Clerk 310 -524 -2300 El Segundo Police Department Watch Commander: 310 -524 -2200 400 Lomita Street, El Segundo, CA September 30, 2009 18. SEVERABILITY. If any term or condition of this Agreement is found to be unenforceable, the remaining terms and conditions will remain binding upon the parties as though said unenforceable provision were not contained herein. However, if the invalid, illegal or unenforceable provision materially affects this Agreement then either party on ten (10) days prior written notice to the other party hereto may terminate this Agreement. 19. CONDEMNATION. In the event Landlord receives notification of any condemnation proceeding affecting the Property, Landlord will provide notice to Tenant within forty -eight (48) hours. If a condemning authority takes all of the Property, or a portion sufficient, in Tenant's sole determination, to render the Premises unsuitable for Tenant, this Agreement will terminate as of the date the title vests in the condemning authority. The parties will be entitled to share in the condemnation proceeds in proportion to the values of their respective interests in the Property, which for Tenant will include, where applicable, the value of its Communications Facility, moving expenses, prepaid rent, and business dislocation expenses. Tenant will be entitled to reimbursement for any prepaid rent. 20. CASUALTY. Landlord will provide notice to Tenant of any casualty affecting the Property within forty -eight (48) hours of the casualty. If any part of the Communications Facility or Property is damaged by fire or other casualty so as to render the Premises unsuitable, in Tenant's sole determination, then Tenant may terminate this Agreement by providing written notice to Landlord, which termination will be effective as of the date of such damage or destruction. Upon such termination, Tenant will be entitled to collect all insurance proceeds payable to Tenant on account thereof and to be reimbursed, for any prepaid rent. 21. WAIVER OF LANDLORD'S LIENS. Landlord hereby waives any and all lien rights it may have, statutory or otherwise, concerning the Communications Facility or any portion thereof. The Communications Facility shall be deemed personal property for purposes of this Agreement, regardless of whether any portion is deemed real or personal property under applicable law, and Landlord hereby consents to Tenant's right to remove all or any portion of the Communications Facility from time to time in Tenant's sole discretion and without Landlord's consent. 9964439.1 4 U .i % • ej "'A Wireless Communications Facility Permit 400 Lomita Street, El Segundo, CA Los Angeles SMSA Limited Partnership d/b /a Verizon Wireless September 30, 2009 22. POSSESSORY INTEREST TAXES. Landlord informs Tenant pursuant to Revenue and Taxation Code § 107.6 that its property interest in the Property may be subject to property taxation if created and that Tenant may be subject to the payment of property taxes levied on its interest. Tenant may not deduct such amount from payments to Landlord. 23. MISCELLANEOUS. (a) Amendment; Waiver. This Agreement cannot be amended, modified or revised unless done in writing and signed by an authorized agent of Landlord and an authorized agent of Tenant. The failure of either party to insist upon strict performance of any of the terms or conditions of this Agreement or to exercise any of its rights under this Agreement shall not waive such rights and such party shall have the right to enforce such rights at any time and take such action as may be lawful and authorized under this Agreement, in law or in equity. No provision may be waived except in a writing signed by both parties. (b) Short Form Lease. Either party will, at any time upon fifteen (15) day's prior written notice from the other, execute, acknowledge and deliver to the other a recordable Memorandum of Lease. Either party may record this memorandum at any time, in its absolute discretion. (c) Bind and Benefit. The terms and conditions contained in this Agreement will run with the Property and inure to the benefit of the parties, their respective heirs, executors, administrators, successors and assigns. (d) Entire Agreement. This Agreement and the exhibits attached hereto, all being a part thereof, constitute the entire agreement of the parties hereto and will supersede all prior offers, negotiations, and agreements. (e) Governing Law. This Agreement will be governed by the laws of California, without regard to conflicts of law. Exclusive venue for any action arising from this Agreement is Los Angeles County. (f) Interpretation. Unless otherwise specified, the following rules of construction and interpretation shall apply: (i) captions are for convenience and reference only and in no way define or limit the construction of the terms and conditions hereof; (ii) use of the term "including" will be interpreted to mean "including but not limited to "; (iii) whenever a party's consent is required under this Agreement, except as otherwise stated in this Agreement or as same may duplicate, such consent will not be unreasonably withheld, conditioned or delayed; (iv) Exhibits are an integral part of this Agreement and are incorporated herein by reference into this Agreement; (v) use of the terms "termination" or "expiration" are interchangeable, and (vi) reference to a default will take into consideration any applicable notice, grace and cure periods. (g) Estoppel. Either party will, at any time upon thirty (30) days prior written notice from the other, execute, acknowledge and deliver to the other a statement in writing (i) certifying that this Agreement is unmodified and in full force and effect (or, if modified, stating the nature of such modification and certifying this Agreement, as so modified, is in full force and effect) and the date to which the rent and other charges are paid in advance, if any, and (ii) acknowledging that there are not, to such party's knowledge, any uncured defaults on the part of the other party hereunder, or specifying such defaults if any are claimed. Any prospective purchaser or encumbrancer of the Premises may conclusively rely upon any such statement. Failure to deliver such a statement within such time will be conclusive upon the requesting party that (i) this Agreement is in full force and effect, without modification except as may be properly represented by the requesting party, (ii) there are no uncured defaults in either party's performance, and (iii) no more than one month's rent has been paid in advance. 9964439.1 407.,;. Wireless Communications Facility Permit 400 Lomita Street, El Segundo, CA Los Angeles SMSA Limited Partnership d/b /a Verizon Wireless September 30, 2009 (h) No Option. The submission of this Agreement for examination or consideration does not constitute a reservation of or option for leasing the Premises. This Agreement will become effective as an agreement only upon the legal execution, acknowledgement and delivery hereof by Landlord and Tenant. (i) Survival of Terms. Sections 8, 9, 10, 12 and 230) hereof will survive the termination of this Agreement. 0) Insurance. Tenant must maintain at all times during the Term of this Agreement maintain a broad form commercial general liability policy and property insurance each with a minimum of $2,000,000 coverage per occurrence in a form reasonably acceptable to Landlord. Landlord must be included as an additional insured on such liability policy and be provided with a certificate of insurance evidencing such coverage. (k) Tenant Contact Information. Should Landlord desire to contact Tenant for questions regarding lease administration or Tenant's operations, Tenant can be reached at the telephone numbers provided on the Tenant Contact Information Form attached hereto as Exhibit "E" and made a part hereof. Tenant agrees to update the information contained in the Tenant Contact Information Form on no less than an annual basis. Notwithstanding the foregoing, Notice must be given in accordance with Section 17 above. The parties acknowledge and agree that the information provided by Tenant in the Tenant Contact Information Form is being provided to Landlord for general information purposes only. [Signatures on following page] 9964439.1 Wireless Communications Facility Permit Los Angeles SMSA Limited Partnership d/b /a Verizon Wireless 4 U I 400 Lomita Street, El Segundo, °U September 30, 2009 IN WITNESS WHEREOF, the undersigned has caused this Agreement to be executed this ( 74k day of DE' C, , 2009. "LANDLORD ": City of El Segundo, a general law city By: Jack yt, Cityger Date: Approved as to. Form: Mark D. Hensley, City Attorne` >'7 �G v / r By: In \ perk of El Segundo 9964439.1 "TENANT ": Los Angeles SMSA Limited Partnership, a California limited partnership, d/b /a Verizon Wireless By: AirTouch Cellular, Its: General Partner--- Walter L. Jo T�en Jr. Area Vice P id Date: % ► to Wireless Communications Facility Permit Los Angeles SMSA Limited Partnership d/b /a Verizon Wireless Exhibit A Legal Description of Property PARCEL A; 40 � 7 400 Lomita Street, El Segundo, CA a September 30, 2009 LOTS 6 THRU 13 IN BLOCK 67 OF EL SEGUNDA, IN THE CITY OF EL SEGUNDA, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 22 PAGES 54 AND 55 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, EXCEPT THEREFROM THE NORTH 10 OF LOT 6 CONVEYED TO WILLIAM LAME RECORDED SEPTEMBER 12, 1947 INSTRUMENT NO, 2050 PARCEL Bt LOTS 1 THRU 13 IN BLOCK THIRTY -FOUR (34) OF EL SEGUNDA, SHEET NO. 7, IN THE CrTy OF EL SEGUNDA, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 22, PAGES 54 AND 55 OF MARS, IN THE OFFICE OF THE RECORDER OF SAID COUNTY, AND THAT PORTION OF HOLLY AVENUE VACATED ON AUGUST 17, 1949 BY ORDINANCE NO. 358 LYING BETWEEN THE NORTHERLY PROLONGATIONS OF THE WEST LINE OF LOT 1, BLOCK 34 AND THE EAST LINE OF LOT 13, BLOCK 34, ALSO THE HE 14 -FOOT WIDE ALLEY RUNNING NORTH -SOUTH BOUNDED ON THE NORTH BY A LINE LYING 35' NORTH OF THE EASTERLY PROLONGATION OF THE SOUTH LINE OF LOT 6, BLOCK 67 APN. 4135- 023 -900 9964439.1 Wireless Communications Facility Permit Los Angeles SMSA Limited Partnership d/b /a Verizon Wireless Exhibit B Site Plan of Premises Refer to the following pages 9964439.1 40 . 400 Lomita Street, El Segundo, CA September 30, 2009 40 1 4j,*­.j Wireless Communications Facility Permit Los Angeles SMSA Limited Partnership d/b /a Verizon Wireless Exhibit C Intentionally omitted. 9964439.1 400 Lomita Street, El Segundo, CA September 30, 2009 Wireless Communications Facility Permit Los Angeles SMSA Limited Partnership d/b /a Verizon Wireless Exhibit D Tenant's Changes Not attached at this time 9964439.1 40 $ 7 400 Lomita Street, El Segundo, CA September 30, 2009 Wireless Communications Facility Permit Los Angeles SMSA Limited Partnership d/b /a Verizon Wireless Exhibit E Tenant Contact Information Form September 24, 2009 Mr. Jack Wayt, City Manager City of El Segundo 350 Main Street El Segundo, CA 90245 310 - 524 -2300 RE: Important Contact Information Our File Name: POSA PARK Our Contract No: [to be provided once Lease is fully executed] Site Address: 400 Lomita Street, El Segundo, CA Dear Mr. Wayt: 40 17. 400 Lomita Street, El Segundo, CA September 30, 2009 Welcome to Verizon Wireless and the Southern California Network Real Estate Team! We are delighted to partner with the City of El Segundo. Your role is critical in fulfilling the mission of our department and Verizon Wireless. The following information is designed to serve as an introduction to Verizon Wireless and provide helpful contact information. For Property Management issues, please contact: • Judy Wilkins, Property Manager • Leslie Vartanian, Manager, Network Real Estate (949) 286 -8716 (949) 286 -8623 For rent or insurance questions, please contact Verizon Wireless Headquarters and reference the site name "Posa Park" /Water Yard: • Rent Hotline (866) 862 -4404 For after hours emergency, weekend, holiday or maintenance issues, please contact our local field operations team: • Field Operation Team (800) 299 -0826, option #2 Finally, Verizon Communications' Director of Government & External Affairs has also made himself available to the City of El Segundo regarding any concerns you may have: • Mike Murray (562) 708 -7886 Please note, however, that formal "notices" required under the Lease may not be given at the above - referenced numbers. We look forward to working with you. If we can do anything to improve our business relationship, please let us know. Once again, welcome to Verizon Wireless! Sincerely, Leslie S. Vartanian Manager, Network Real Estate 9964439.1 RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: McGuireWoods LLP 1800 Century Park East, 8th Floor Los Angeles, California 90067 Attn: Lynn A. Whitcher Alvarez (Site Name: Posa Park) (Space above this line for Recorder's use.) MEMORANDUM OF LEASE AGREEMENT This Memorandum of Lease Agreement ( "Memorandum ") is made this /7 t1\ day of De-C , 2009, between the City of El Segundo, a government agency, with its principal offices located at 350 Main Street, El Segundo, California, hereinafter referred to as "LESSOR," and Los Angeles SMSA Limited Partnership, a California limited partnership, d/b /a Verizon Wireless, with its principal office located at 180 Washington Valley Road, Bedminster, New Jersey 07921, hereinafter referred to as "LESSEE." LESSOR and LESSEE are at times collectively referred to hereinafter as the "Parties" or individually as the "Party." LESSOR and LESSEE entered into a Lease Agreement ( "Agreement ") on ,be c. 1-1 , 2009 for an initial term of five (5) years, commencing on the Commencement Date as defined in the Agreement. The Agreement shall automatically be extended for three (3) additional five (5) year terms unless the LESSEE terminates it at the end of the then current term by giving the LESSOR written notice of the intent to terminate at least ninety (90) days prior to the end of the then current term. If LESSEE remains in possession of the premises after the termination or expiration of the Agreement, LESSEE will be deemed to be occupying the premises on a month to month basis. 2. LESSOR is the owner of that certain real property located at 400 Lomita Street, El Segundo, Los Angeles County, State of California ( "Property "), which is legally described on Exhibit "A" attached hereto and made a part hereof. LESSOR leases to LESSEE a portion of the Property consisting of (a) a parcel of land for Tenant's equipment containing approximately two hundred fifty-two (252) square feet and measuring approximately twelve (12) feet by twenty -one (2 1) feet ( "Land Space "), and (b) such easements as are necessary for the installation, operation and maintenance of Tenant's antennas and initial installation, including but no limited to a non - exclusive right -of -way for ingress and egress extending from the nearest public right -of -way, Lomita Street, to the Land Space, and for the installation and maintenance of utility wires, poles, cables, conduits, and pipes over, under, or along one or more rights of way from the Land Space, all as substantially described more fully in the Agreement. The terms, covenants and provisions of the Agreement, the terms of which are hereby incorporated by reference into this Memorandum, shall extend to and be binding upon the 6576829.1 Site Name: POSH PARK 4 0 i P .7 .., respective executors, administrators, heirs, successors and assigns of LESSOR and LESSEE. IN WITNESS WHEREOF, the parties have executed this Memorandum as of the day and year first above written. LESSOR: City of El Segundo, a general law city MR. l &AIVI I Ci y Clerk City of El Segundo 6576829.1 Site Name: POSH PARK LESSEE: Los Angeles SMSA Limited Partnership d/b /a Verizon Wireless By: AirTouch Cellular, its General Partner Name: °Walter L. Title: Area Vic Date: t t I_ Jr. nt Network 4;7.,..4 December 17, 2009 STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS CITY OF EL SEGUNDO ) On December 17, 2009, before Cathy Domann, Deputy City Clerk, personally appeared Jack Wayt, City Manager of the City of El Segundo, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to on the within instrument, and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or entity upon behalf of which the persons acted, executed the instrument. Witness my hand and Official Seal. Cathy DomLkn, Deputy City Clerk 4 0 1 , CALIFORNIA ALL - PURPOSE ACKNOWLEDGMENT State of California ) County of Orange ) On /�,1� a� 1&, r lr. before me, - f era L-'Y 6':"' I� o � ' Notary Public, personally appeared Walter L. Jones Jr. who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature of Notary Public 6576829.1 Site Name: POSH PARK o, attiR�,ddOM �• � a •� GLORIA VAN GINKEL Commission # 1654058 Z Notary Public • California Orange County My Comm. Expires Mar 25,201 O Place Notary Seal Above 40'!•.,...,r EXHIBIT "A" (Legal Description of the Property) PARCEL A: LOTS 6 THRU 13 IN BLOCK 67 OF EL SEGUNDA, IN THE CITY OF EL SEGUNDA, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN ROOK 22 PAGES 54 AND 55 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, EXCEPT THEREFROM THE NORTH 10 OF LOT 6 CONVEYED TO WILLIAM LANE RECORDED SEPTEMBER 12, 1947 INSTRUMENT NO. 2050 PARCEL B: LOTS 1 THRU 13 IN BLOCK THIRTY -FOUR (34) OF EL SEGUNDA, SHEET NO. 7, IN THE CITY OF EL SEGUNDA, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 22, PAGES 54 AND 55 OF MAPS, IN THE OFFICE OF THE RECORDER OF SAID COUNTY. AND THAT PORTION OF HOLLY AVENUE VACATED ON AUGUST 17, 1949 BY ORDINANCE NO. 358 LYING BETWEEN THE NORTHERLY PROLONGATIONS OFTHE WEST LINE OF LOT 1, BLOCK 34 AND THE EAST LINE OF LOT 13, BLOCK 34, ALSO THE 14 -FOOT WIDE ALLEY RUNNING NORTH -SOUTH BOUNDED ON THE NORTH BY ALINE LYING 35' NORTH OF THE EASTERLY PROLONGATION OF THE SOUTH LINE OF LOT 6, BLOCK 67 APN: 4135- 023 -900 6576929.1 Site Name: POSH PARK