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LAND LEASE AGREEMENT
THIS LAND LEASE (this "Lease") is made and entered into as of January 22, 2008, by
and between Landlord and Tenant, as described in the following basic lease information.
Landlord and Tenant hereby agree as follows:
ARTICLE 1--BASIC LEASE INFORMATION
1.1 Defined Terms. In addition to the terms, which are defined elsewhere in this
Lease, the following terms shall have the following meaning:
(a) LANDLORD: Atascadero Mutual Water Company, a mutual water
company formed pursuant to the laws of the State of California.
(b) LANDLORD'S ADDRESS: 5005 El Camino Real
P.O. Box 6075
Atascadero, CA 93422
(c) TENANT: City of Atascadero, a general law city formed pursuant to
the laws of the State of California.
(d) TENANT'S ADDRESS: 6907 El Camino Real
Atascadero, CA 93422
(e) LAND: Approximately 3.06 acres of land which is described and depicted
in Exhibit A attached hereto and incorporated herein by this reference, and
which is a part of the parcel of real property owned by Landlord and
located at 6575 Sycamore Road, Atascadero, California (“Landlord’s
(f) PERMITTED USE: The Land may be used for the purpose of constructing
a bicycle motor-cross sports track and related facilities and the
management, supervision, and scheduling of events on same. Tenant
agrees to comply with all policies, rules, and regulations of Landlord as
they now or may hereinafter exist with respect to the use of the Land.
(g) LICENSE AGREEMENT: An agreement to be entered into between
Tenant and Atascadero BMX Association to use the Land for the
(h) IMPROVEMENTS: Improvements shall mean the construction and
maintenance a bicycle motor-cross sports track and related facilities in
accordance with plans submitted to and approved by the City pursuant to
the License Agreement between the City of Atascadero and the
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