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).
