Nature of Contract
A 20 year lease with Los Altos Hotel Associates, LLC for approximately 47,916 square feet of land known as Bay Division Pipelines 3 and 4, Parcel 232A, located in Los Altos.
Date Contract Approved
February 26, 2013
Amount
$52,324 per year, with 4% annual increases. City has 3 market rent appraisal options.