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1 <br /> MR/26/2007/14011 02:31 Pl*f COStnt3 & REDEV FAX No. 2099375099 " P. 002 <br /> Chcvrongnvirot,menmi Datta XL Thurman <br /> r NunagernootCompany 1'ropeRySperla7)st <br /> Metall Dusinect Unit <br /> ! 6001 Bollbs"I raoyoa A&BIdg L <br /> Room 4060 P.O.Box 6012 <br /> Sea Ramon,CA 94583-2324 �,� r"' <br /> Te199. 942-8559 t <br /> FaX.9Z5$42.8370 <br /> ` u NOV 2 <br /> . . . [hevranTexaco <br /> ! NQU51h'6U&NEUESVEI,OPAt�DEPT. <br /> November 18,2003 , <br /> Mike Wallace <br /> City of Stockton <br /> � Department of Mousing and Redevelopment <br /> 22)vast Weber Avenue Room#9 50 <br /> Stockton,C.A.95202-1997 <br /> l Re: Former Chevron Service Station#9-0551 <br /> 139 N Center Street <br /> Stockton,CA <br /> Dear Mr.Wallace: <br /> This letter is written regarding that Certain Ground Lease dated,laauary 1, 1999 entered WO by had <br /> between Chevron U.S.A.1N•C.and the City of Stockton for the above Kcfereuead property. As you <br /> are aware,Choi ron tmaWated Ole ground lease effective December 31,2002 by letter dated October <br /> I 31,2002(enclosed fot your reference)and removed alithe above and below ground service station <br /> improvements during January ead February 2003. <br /> At Section 15 of the ground lease a"license"is granted to petfotm removal of station improvements <br /> i and mmediatlon of Covered Coataminatiou as validly required,by&o appropriate governmental <br /> ! agency having jurisdiction And in return for this"license"Chevrcu7'exnco shall pay to the City of <br /> Stockton compensation commencing upon the first day of license acid ending whey Chevroals <br /> remediation efforts no longer prevent the city from leasing or otherwise developip g the property. no <br /> monthly coinpensation for the"liconse"will be the amount equal to Hite last full month's rental paid <br /> by ChevronTt xaco to the City of Stockton. it is ChevroaTexaco's opinion that its remediation efforts <br /> were completed February 28,2003 and the site has been in a eoudition suitable for development from <br /> Ivluroh 2003 forward. Chevron will,pay the City of Stockton$6,892.00 as"lice se"competasatiozl for <br /> the rioouths January and February 2003(compensation-$3,446 last fdU month's rent x 2). <br /> As stated above,ChevroaTexaco contends the property is developable and any developmeAt Ma <br /> move forward in conjunction with any groundwater mouitoring requirements that are imposed by San <br /> Joaquia County Environmental klealth Department Furthermore,if the County requiresChevron to <br /> install a amediation system to address residual oobtarrlivation at ninety feet below,ground,it remains <br /> Chevron's position that the property is ivy a condition suitable fa:development. If a tem,edistiota <br /> system is installed on the site,Chevron will pay the City a monthly compensation of$10o.00 per <br /> month(150 sq,ft-divided by 18,885 total property sq,ft=.008 x$3,621.00 2004 montl�y rent <br /> compensation+additional$70.00 per month for monitoring wells located on the property). Should <br /> A ChevmnYexato Company <br />