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Land Lease Rates - Specific Parcels

July 2008

 Size

Location 

Rate (per month)

 1 Acre Parcel

East Side 

$1,306.80 

 2.5 Acre Parcel

 East Side

 $2,613.60

 5 Acre Parcel

 East Side

 $3,920.40

 1 Acre Parcel

 West Side

$907.50 

 2.5 Acre Parcel

 West Side

 $1,815.00

 5 Acre Parcel

 West Side

 $2,722.50

Quotes are based on $.36 per square foot per year for the East Side and $.25 per square foot per year for the West side with 20% and 40% discounts, respectively.

The following Additional Information applies to the current Land Lease rates:

Terms

Up to a 25 year lease term with three, five (5) year options depending on the size of the development:

- 0 to 2500 sq. feet 25 year maximum term

- 2501 to 5000 square feet add one five (5) year option

- 5001 to 7500 square feet add two five (5) year options

- 7501 square feet and larger add three five (5) year options

Utilities

LESSEE is responsible for all costs of all connections and extensions of utilities from their current locations to and within the premises and all costs associated with the use of the utilities.

Inflation Indexing

Lease amounts will be adjusted annually using the California Consumer Price Index (all urban consumers, all items).

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