RIVER VIEW GOLF COMPANY - NOVATION OF LEASE 1974

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-Mr, Novel .James <~aqe 5 ~~ince a major portion of the leased land from the County is in tYie manta Ana River and .subject to flooding, a yrovision has been made that should golz holes iocatedr within the leased land become unplay- -able for a perio~: in excess of seven consecutive c?~ays because of Mater flowing in the Santa Ana River or b~:cause of construction. undertaken to repair floou damage or destruction or to modify or .improve flood control or water conservation faciliries, inco~°c produced by business operations on or from the River View Golf Co-~._s:~~ during such periods shall r+ot be .included in the dross receipts -#or the purpose of calculating percentage rental. CURI4ENT FZENTAL PrRCEi7TAGE5 Below is shoc-*n in twn columns the percentage rental charged by ~.ot:?'~ the City and ti`le County for the respective terms. It will be not~~c: that the City's rental is, under the current agreer.:ent. 50ti ~.i~~~~~r than the Co°.inty's r£~ntal rate up until the end of 197e. After 1576 The City's rental rate is i:etween 33 1/3~ (the difference betcreen 3$ and 4g} higher than the County's rate for the next five years ending in 1931. s~egin.'~ing in 1981 through August of 198G, the City's rate is 25° higher than the County's rate (tile difference .between 4ti and ~a}. Both the City lease and t;-~e County lease contain an option to renew in August of 1986. ,wring the first 10 years O~ ~11P ~~+ year r~I:ewa~., one City'S ;a~n is ~s7g t~i..t,gr tY'i.°..:^. a-- the County's rate (tne difference between 3~ and G"~). During the next 10 year period beginning in August of 199s through August of 2006, -the City's rate ~,iou13 be approxirately 17 o hic;her t:~ari the County's rate {the Difference between 5°: and 7-~) . lluri2~g tine last five years of the lease beginning ir. F;ugust oY ZC)Oa ~i:r•.~~.c- A~.agust of 2011, the City's rate woulii be 33 1/3~~ hic_,;or ~:ian tla County's rate {the difference between 6$ anti 8 ~) . tie above rates are shown in the following table: City Rental _ Count~Y' ::c:n `alra Aug. 21, 1962 to Aug. 20, 1971 - 3€ Aug. 2I, 1971 to Aug. 20, 1972 - ~~ .Jan. 1972 to ec. 197 - Aug. 21, 1972 to Aug. [0, 1973 - 4~ Jan. 1973 to Dec. 197: - ~~ Aug. 2i, I973 to Aug. 20, 1974 - 4~ Jana T97~Y to y„~c. 197': -- ...~. ~.ug. 2I, 1974 to Aug. 20, 1973 - ~£~ Jan. 197:1 to Dec:. 197 - .~ Aug. il, ZS?3 to Aug. 20, 197G - 4~ Jan. 1:76 to ~Ec. 197 - .. ~. i Aug. 21, 1976 to Aug. 20, 1977 - 4$ Jan. 1977 to Dec. 1977 - 3 } Aug. 21, "1977 to Aug. 20, 397E - 4~ Jan. 1978 co ll~c. 197; - _~ Aug. 21, 1978 to Aug. 20, 1979 - 4~ Jan. 1979 to Dc::c. 1975 - 3~ i