District Plans Lease-Leaseback for Central Kitchen Project

Not to exceed [AMOUNT IN WORDS] DOLLARS ($[AMOUNT IN NUMBERS]) for preconstruction services; Guaranteed Maximum Price to be defined in Exhibit C

CONSTRUCTION

Preconstruction services: from District’s Notice to Proceed with Preconstruction Services through approval of Amendment to the Lease Agreements by the Board or earlier termination; Lease Term: from District’s acceptance/possession of the Project and completion of improvements until one (1) year thereafter or upon payment of the final lease payment, subject to earlier termination events

The Term may be extended or shortened upon events of default, exercise of the District’s purchase option, eminent domain, or damage/destruction as outlined in Sections 4, 17–19. No automatic renewals are specified; continuation beyond the initial one-year post-acceptance lease-payment period depends on payment of all GMP-related lease payments in Exhibit C and any amendments approved by the Board.

Contract