Agreement - Union Pacific Railroad Company - Lease - Audit No. S183439 - Signed 2019-07-01*769052* 1111111 1111 11111 11111 11111 11111 1111111
REMS FileNet Cover Sheet
AUDIT NUMBER S183439
FOLDER NUMBER 0149800
CITY GILROY
STATE CA
PARTY NAME GILROY, CITY OF
PRIMARY PURPOSE Lease: Public/Private Parking
EFF. DATE 7/1/2019
MP START 80.2
MP END
PRIMARY CIRC7 C0072
DESCRIPTION Rent Letter (07-01-2019)
BOX NUMBER 0
BATCH 00
April 25, 2019
Folder: 1498-00
U.S. CERTIFIED MAIL
RETURN RECEIPT REOUESTED
GILROY, CITY OF
7351 ROSANNA ST
GILROY, CA 95020
Greetings:
Reference is made to that certain Lease dated January 4, 2011, between UNION PACIFIC RAILROAD
COMPANY (Lessor) and GILROY, CITY OF (Lessee) covering a portion of the Lessor's property at
Gilroy, California. Said Lease is identified in the Lessor's records as Audit No. S183439.
Article III of this Lease provides for a periodic reevaluation of the lease rental. The Railroad Company
has established system wide procedures for assessing lease rentals and, as part of these procedures, we
have set a minimum rental charge of $5,000.00 per annum.
This letter is to advise you that effective July 1, 2019 ('Effective Date'), the rent shall be Five Thousand
Dollars ($5,000.00) annually. Commencing twelve (12) months from the Effective Date, the rent shall
automatically and without notice to the Lessee be adjusted by Three Percent (3%) annually cumulative
and compounded. You will be billed at your new lease rate on the next billing cycle.
Also, attached is a Real Estate Environmental Lessee Ouestionnaire for you to complete and return to
me.
Sincerely,
Peter Kenney
Senior Manager - Real Estate
(402)544-8581
Union Pacific Railroad Real Estate 1400 Douglas Street Stop 1690 Omaha, Nebraska 68179-1690 fx. (402) 501-0340
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1. Article Addressed to:
GILROY, CITY OF
7351 ROSANNA ST
GILROY, CA 95020
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