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Agenda 04-07-2026; 8-q - Approval of Agreements for School Sales Tax Recapture
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Agenda 04-07-2026; 8-q - Approval of Agreements for School Sales Tax Recapture
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4/2/2026 2:58:48 PM
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BOCC
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4/7/2026
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Business
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Agenda
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8-q
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Agenda for April 7, 2026 BOCC Meeting
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7 <br /> to the same terms and conditions set forth in this Master Lease and constitute a <br /> portion of the Leased Premises for all purposes of this Master Lease <br /> 2.1.2 Removal of Properties. Landlord and Tenant may remove land and <br /> improvements that are subject to this Master Lease by executing and delivering a <br /> "Property Removal Form" in substantially the form of Exhibit B (the "Property <br /> Removal Form"). Upon Tenant's execution and delivery of a Property Removal Form, <br /> this Master Lease no longer applies to the property or properties identified in that <br /> Property Removal Form. <br /> 2.2 Title to Leased Premises. Landlord represents and warrants that as of the <br /> time of the execution of this Master Lease it has title to the Leased Premises and that <br /> it has full power and authority to grant this Master Lease to Tenant. <br /> 2.3 Term. This Master Lease shall continue in force for a term (the "Lease <br /> Term") commencing upon execution and delivery of this Master Lease by all parties <br /> (the "Commencement Date"), and ending pursuant to the terms and conditions as <br /> stated in Section 2.4. <br /> 2.4 Expiration and Termination. The Lease Term terminates automatically <br /> upon the earliest of the following: <br /> (a) The end of the calendar day on June 30, 2036,except that with respect to <br /> any part of the Leased Premises added through a Property Addition Form, the Lease <br /> Term ends on the later of(i) June 30, 2036, or (ii) the date that is five years from the <br /> effective date of that Property Addition Form. <br /> (b) The end of the calendar day sixty days following the date either party <br /> gives notice of termination to the other party. <br /> (c) The end of the calendar day thirty days following the expiration or <br /> termination of the Interlocal Agreement, for any reason. <br /> Termination of the Lease Terminates all Tenant's rights of possession under this <br /> Master Lease. Upon any termination other than pursuant to subsection (a), Landlord <br /> will file a notice of the termination in the Orange County Registry. <br /> 4 <br />
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