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t <br /> L t <br /> f t <br /> 11 1111 <br /> 1 } <br /> RECORDING REQUESTED BY <br /> AND WHEN RECORDED RETURN TO: <br /> City of Rancho Palos Verdes <br /> Planning Department <br /> 30940 Hawthorne Boulevard <br /> Rancho Palos Verdes, California 90274 <br /> APN: <br /> [Space Above For Recorder's Use Only] <br /> Recording Fee: Exempt pursuant to California <br /> Government Code Section 27383 <br /> LEASE AGREEMENT <br /> THIS LEASE AGREEMENT (this"Lease") dated as of June 20, 2006, is entered into by <br /> and between the CITY OF RANCHO PALOS VERDES, a California municipal corporation <br /> ("Landlord"), and PALOS VERDES ON THE NET, a California non-profit corporation <br /> ("Tenant"). <br /> RECITALS: <br /> A. Landlord is the owner of certain improved real property located at 30940 <br /> Hawthorne Boulevard, Rancho Palos Verdes ("the Property"). <br /> B. Tenant has been leasing a building on the Property for use as a cable television <br /> studio with full digital/video multimedia production capabilities ("Studio"),pursuant to a lease <br /> that was entered into on May 6, 2003. <br /> C. At the November 15, 2005 City Council meeting, Landlord granted permission to <br /> Tenant to place Tenant's portable building on the Landlord's property adjacent to the Studio for <br /> Tenant's use as a Multimedia and Information Technology Center. <br /> D. Landlord now wishes to rent the Studio to others and use the Studio, including <br /> equipment that belongs to Tenant,which is described in Exhibit"B"hereto, and wishes to <br /> terminate Tenant's existing of the Studio. <br /> E. Landlord desires to lease an unimproved portion of the Property that is adjacent to <br /> the Studio to Tenant, and Tenant desires to lease such improved real property from Landlord, <br /> upon the terms and conditions set forth herein. <br /> AGREEMENT: <br /> NOW, THEREFORE, Landlord and Tenant agree as follows: <br />