PVPUSD & PVP Transit Authority
Contracts and Agreements
PVPUSD & PVP Transit Authority
6/11/2018 10:00:01 AM
6/11/2018 9:31:57 AM
CONTRACTS and AGREEMENTS
Palos Verdes Peninsula Unified School District & Palos Verdes Peninsula Transit Authority
License Agreement With Palos Verdes Peninsula Transit Authority for Use of District Premises for Office and Passenger Transportation Vehicle Parking
Agreement executed in two parts (counter signed)
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PALOS VERDES PENINSULA UNIFIED SCHOOL DISTRICT <br />LICENSE AGREEMENT WITH <br />PALOS VERDES PENINSULA TRANSIT AUTHORITY <br />PREAMBLE <br />PARTIES AND LICENSING <br />The Palos Verdes Peninsula Unified School District ("District") hereby licenses to the <br />Palos Verdes Peninsula Transit Authority ("Transit Authority") those certain premises (the <br />"Premises") more particularly described in Section 4.01 hereof located in the City of Rolling <br />Hills at the Crest Road Maintenance site of the District, pursuant to this License dated July 1, <br />2017 ("Effective Date"). <br />ARTICLE 1. TERM <br />Section 1.0 l: This License shall end June 30, 2022; provided that either party may terminate this <br />License at any time upon not less than sixty (60) day's prior written notice to the other party, <br />except as otherwise provided in this License. <br />ARTICLE 2. LICENSE FEE <br />Section 2.0 l: The Transit Authority agrees to pay the District as a license fee ("Fee") for use and <br />occupancy of the Premises the sum of One Dollar ($1) for each twelve (12) months use of the <br />Premises, payable on the commencement date of this License and each year thereafter on the <br />anniversary date of this License. In addition, the Transit Authority shall pay monthly to the <br />District on the first day of each month during the term hereof the sum of Fifty Dollars ($50.00) <br />as payment for the District's providing commercially reasonable janitorial services to the office <br />space portion of the Premises only. The parties agree that the amount paid for such janitorial <br />services may be adjusted from time to time by side letter agreement between the parties. <br />Section 2.02: The Transit Authority shall not be required to make a security deposit. <br />Section 2.03: Fee (and any other required payments hereunder) shall be paid to the "Palos Verdes <br />Peninsula Unified School District" at Malaga Cove Administration Center, 375 Via Almar, Palos <br />Verde Estates, CA 90274 or such other place or places as District may from time to time <br />designate by written notice given to Transit Authority. <br />Section 2.04: A late payment penalty equal to five percent (5%) of any payment due hereunder <br />shall be assessed against the Transit Authority for any payment not received within ten ( 10) days <br />of its due date. <br />Section 2.05: The District agrees to make available to the Transit Authority at the District's cost <br />copy and printing equipment and supplies used by the District's personnel at the Crest Road <br />Maintenance site for use by the Transit Authority in the ordinary course of its business; provided, <br />005368JXJ053/ l 0330937v l
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