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11. CA Dolphin Swim School '1! , ({ _\ ~...~ . CUPEIQ1NO Parks and Recreation Department CITY COUNCIL STAFF REPORT Agenda Item Number ~ Agenda Date: December 6, 2005 ISSUE Execute an exclusive lease agreement with California Dolphin Swim School (CDSS) for use of the Cupertino Sports Center pool and other related facilities. BACKGROUND The lease for De Anza Cupertino Aquatics (DACA) expires March 31, 2006. Council received proposals from DACA and CDSS for use of the facility and directed staff to negotiate an agreement with CDSS. Some important points of the agreement next in order include: . CDSS will invest in facility improvements including: o $100,000 in code compliance upgrades o $220,000 pool enclosure o $50,000 utility separation and pool improvements (with up to $25,000 specifically for utility separation) o They are prepared to pay an additional $30,000 in project contingencies The lease will be in effect for five (5) years. The financial contribution for improvements will be placed in an escrow account upon signing the lease. Monthly payments of $4,166.67 ($50,000 annually) will commence six (6) months after commencement of the lease. All utilities will be billed directly to CDSS for the pool area. The City agrees to CDSS's purchase and installation of an all-weather enclosure surrounding the pool, providing the product and installation is approved by the city architect and building official. The City will review the product to be purchased prior to CDSS placing an order. The enclosure will be owned by CDSS. In the event that CDSS does not renew its lease at the end of five years, the City shall have first right of refusal to purchase the enclosure at a price based on straight-line depreciation for the remaining useful life of the structure with the useful life to be based on length of product warranty. The cost to purchase and install the enclosure will be borne entirely by CDSS. I!~I Printed on Recycled Paper December 6, 2005 Page 2 of2 The staff believes this lease addresses the Council's concerns for improvement of the facility and provides a revenue stream in support of Sports Center programming. RECOMMENDATION Authorize execution of the agreement between California Dolphin Swim School and the City of Cupertino for the Sports Center pool and other related facilities. Respectfully submitted: Approved for submission to City Council: /'~ Therese Ambrosi Smith, Director Parks and Recreation Department David W. Knapp, City Manager g:\parks and recreation admin\Dolphin swim school\staffreports\cc report 4 cdss lease 12060S.doc I!~;¿ ARTICLE I. 1.01. 1.02. 1.03. 1.04. ARTICLE 2. 2.01. ARTICLE 3. 3.01. 3.02. ARTICLE 4. 4.01. 4.02. 4.03. 4.04. 4.05. ARTICLE 5. 5.01. 5.02. 5.03. 5.04. ARTICLE 6. 6.01. LEASE OF A PORTION OF THE CUPERTINO SPORTS CENTER TABLE OF CONTENTS LEASED PREMISES Agreement to Lease "Leased Premises" Defined Right to Use Common Areas Independent Mailing Address TENANT'S BUSINESS USEINON-COMPETITION Permitted Business Use TERM OF LEASE Commencement Date and Term Term RENT AND OTHER CHANGES Rent Maintenance and Repair Costs Utility Costs/Separation of Utilities Taxes Additional Rent MAINTENANCE AND USE OF COMMON AREAS Maintenance and Control "Common Areas" Defined Tenant's Right to Use Common Areas Tenants Parking CONSTRUCTION AND REPAIRS City Construction/Condition of Premises City of Cupertino Lease ofa Portion of the Cupertino Sports Center Page I of 22 (1- 3 6.02. 6.03. 6.04. 6.05. 6.06. 6.07. 6.08. 6.09. ARTICLE 7. 7.01. 7.02. 7.03. 7.04. ARTICLE 8. 8.01. 8.02. 8.03. 8.04. 8.05. ARTICLE 9. 9.01. 9.02. 9.03. 9.04. ARTICLE 10. 10.01. 10.02. 10.03. 10.04. 10.05. ARTICLE 11. 11.01. 11.02. 11.03. 11.04. 11.05. 11.06. Tenants Construction Alterations and Improvements Conducted By City to Meet Various Building Code Requirements Other Alterations and Improvements By City Inability of the Tenants to Utilize the Leased Premises Due to City Construction, Alteration Maintenance, or Repair Alterations and Improvements by Tenants Repairs to Premises Ownership of Improvements Purchase and Installation of All Weather Enclosure Surrounding Pool by Tenants DESTRUCTION OF LEASED PREMISES OR SPORTS CENTER Notice of Damage Damage or Destruction From Insured Casualty Right to Terminate Lease Payment ofInsurance Proceeds USE OF LEASED PREMISES Business Hours Prohibited Actions Compliance with Laws Advertising and Signs Assignment and Sublease INDEMNITY AND INSURANCE Indemnity Insurance By Tenants Subrogation Waiver Proceeds CONDEMNATION Termination of Lease Continuation of Lease Option to Terminate Lease Condemnation Award Waiver DEFAULT AND TERMINATION "Default" Defined Termination of Lease and Recovery of Damages City's Right to Continue Lease in Effect City's Right to Relet City's Right to Cure Tenants Defaults Cumulative Remedies City of Cupertino Lease of a Portion ofthe Cupertino Sports Center Page 2 of22 (( - L( 11.07. 11.08. 11.09. 11.1 O. 11.11. 11.12. Waiver of Breach Surrender on Termination Holdover Tenancy Attorney's Fees Renewal of the Lease Tenancy Statement (Estoppel Certificate) ARTICLE 12. 12.01. 12.02. 12.03. 12.04. 12.05. 12.06. 12.07. 12.08. 12.09. 12.10. MISCELLANEOUS Landlord-Tenants Relationship City's Right of Entry Interest on Obligations Notices Binding on Heirs and Successors Time of Essence Sole and Only Agreement Invalidity or Unenforceability Waiver Captions City of Cupertino Lease ofa Portion of the Cupertino Sports Center Page 3 of22 ((-j SPORTS CENTER LEASE This Lease is entered into on December 6, 2005, by and between the City of Cupertino, a California municipality ("City") and Joseph He and Xiaohong Wang individually and d/b/a California Dolphin Swim School (hereinafter referred to as CDSS), a California corporation ("Tenants"), organized under the laws of the state of California. ARTICLE I. LEASED PREMISES Agreement to Lease 1.01. In consideration of the agreements and covenants contained in this Lease to be kept and performed by both City and Tenants, City leases to Tenants and Tenants lease from City the premises described in Paragraph 1.02. of this Lease. "Leased Premises" Defined 1.02. "Leased Premises" means that certain space which includes the pool, detached Men's and Women's locker rooms, mechanical room, and storage/office area of the building known as the Cupertino Sports Center located at 21111 Stevens Creek Blvd., Cupertino, California. Tenants have the exclusive right to use these areas except for the rest rooms, which will be made available for the tennis program between June 15 and August 31 each year. Right to Use Common Areas 1.03. Except as specifically stated in subsection 5.03. (a), Tenants have the non-exclusive right to use, in common with others, and subject to the restrictions and conditions contained in the Lease, the Common Areas of the Sports Center. The terìn "Common Area" is defined in Paragraph 5.02. of this Lease. Independent Mailing Address 1.04. City shall secure an independent mailing address for the leased premises. ARTICLE 2. Tenants' Business UselNon-Competition Permitted Business Use 2.01. Tenants are leasing the leased premises for the purpose of operating and conducting the business of providing a swim instruction program. Tenants may sell merchandise related to swimming and nonalcoholic beverages. Tenants may not use the leased premises or permit the leased premises to be used for any unrelated purpose, unless agreed upon in writing by the City. ARTICLE 3. TERM OF THE LEASE Commencement Date and Term 3.01. The original term of this Lease shall be for a period of five years beginning on the Commencement Date. The Commencement Date is)une I, 2006; however this City of Cupertino Lease of,," Portion of the Cupertino Sports Center Page 4of22 rr-~ commencement date may be delayed for a period not to exceed 120 days for causes beyond the reasonable control of the City. Any such delay in the commencement date shall also postpone accordingly the date at which the Tenants' monthly rent begins as described in Section 3.02. Tenants will have access to the leased premises on and after April 1 , 2006, to construct the pool enclosure. This work must be coordinated with the City Architect and Building Official. Term 3.02. The period beginning on the Commencement Date and continuing until the expiration date or earlier termination of this Lease shall be the Term of this Lease. Tenants' obligation to pay rent and/or other monetary amounts required under this Lease shall be abated from the commencement date until six months after commencement of the lease; otherwise, all provisions, covenants, and conditions of this Lease shall apply to Tenants during the Term. ARTICLE 4. RENT AND OTHER CHARGES Rent 4.01. Throughout the term ofthe Lease, Tenants shall pay a monthly rent to City of$4,166.67 per month due on the first of each month commencing six months after the Commencement Date and ending upon expiration of the Lease. When the commencing month and the ending month are shorter than the calendar months than the rent will be prorated. Said rent shall be paid to City without deductions or offsets at the address set forth in this Lease for giving notices to City. Maintenance and ReDair Costs 4.02. City shall be responsible, at its sole cost, for maintaining the Leased Premises, including the roof, foundation and structure of the building, doorways, windows, sidewalks, and walls adjacent to the Leased Premises in good repair and sanitary order, condition, and repairs, normal wear and tear excepted; provided, however, Tenants shall be responsible for any maintenance or repair of any damage to the Leased Premises or to the Cupertino Sports Center caused by the intentional or negligent conduct of Ten ants, Tenants' employees, customers, or guests. Backed-up drains or toilets will be the responsibility of the tenant. Any costs incurred by City for any maintenance or repair of any damage caused by Tenants, its employees, customers, or guests described above shall be charged and collected by the City as additional rent. Utility Costs/Separation of Utilities 4.03. Beginning on the commencement date, CDSS shall be responsible for payment of all utility costs applicable to the Leased Premises, including water, electricity, gas, garbage collection, janitorial, and daily pool maintenance. Upon execution of this City of Cupertino Lease ofa Portion of the Cupertino Sports Center Page 5 of 22 {/-Î Lease, City shall cause the utilities of the Leased Premises to be separated from the utilities, which service the rest of the Sports Center. Tenants shall be responsible for its own telephone service, and shall provide its own office equipment, furnishings, and cleaning services. Tenants shall pay for the cost of separating utilities of the Leased Premises from the City's Sports Center operation. Upon execution of this Lease, Tenants shall deposit the sum of $25,000. with City to pay for said utility separation. The City shall deposit said sum in a separate interest bearing account and will draw from said account to pay for said utility separation which will be administered by the City which shall be completed within 18 months of occupancy. Tenant shall review and agree on the expenditures. Any unused portion of said fund, together with accrued interest, shall be returned to Tenants upon the cancellation or completion of the utility separation. In the event that the estimated cost of separating said utilities exceeds $25,000, plus accrued interest, City shall either be responsible for payment of any costs in excess of $25,000 plus accrued interest, or cancel (including postpone) the utility separation effort. Then either party may, in lieu of said utility separation, share utility costs with the tenant paying to the City, as additional rent, the following monthly sums for electrical and water utilities: April 1, 2006 - March 31, 2007 April I, 2007 - March 31, 2008 April 1, 2008 - March 31, 2009 April 1, 2009 - March 31, 2010 Aprill,20l0-March3l,20ll $6l5/month $655/month $698/month $743/month $791/month In no event, shall Tenants be required to pay an amount for the said separation greater than a total of $25,000.00, plus accrued interest provided, however, that the contingency fund described in Section 6.03. may be utilized to defray any additional costs. Taxes 4.04. Beginning on the commencement date, Tenants shall pay all applicable taxes associated with its tenancy including, but not limited to, any possessory interest property tax and business license tax levied by any governmental entity. Additional Rent 4.05. In addition to the Rent payable by Tenants under this Lease, any other monetary sum required to be paid under this Lease to be paid by Tenants to City or to others is deemed under this Lease to be additional rent payable by Tenants under this Lease whether or not the monetary sum is so designated as additional rent. Unless otherwise provided, all undisputed additional rent is due and payable at the same time as Rent, and City has the same remedies for Tenants' failure to pay undisputed additional rent as it has for Tenants' failure to pay Rent. ARTICLE 5. MAINTENANCE AND USE OF COMMON AREAS Maintenance and Control City of Cupertino Lease ofa Portion of the Cupertino Sports Center Page 6 of22 !I-t 5.01. All common areas (defined in Paragraph 5.02. of this Lease) of the Cupertino Sports Center are subject to the exc1usiye control of the City. City may construct, maintain, operate, illuminate, and manage the common areas in a manner determined appropriate by City in its sole discretion. Subject to the provisions of Article 6 of this Lease (regarding construction and repairs), City reserves the right from time to time during the term of this Lease to 1) reduce or change the number, size, type,location, and use of any facilities in the common area, (2) to construct new improvements, buildings, or facilities, or (3) remove existing improvements, buildings, or facilities in the common areas.- City may employ and discharge all personnel hired in connection with the common areas; police, and maintain security services for, the common areas for any purpose; regulate parking by Tenants, its employees, customers and guests; establish, modify, and enforce rules and regulations for the common areas and subj ect to the provisions of Article 6 of this Lease, close the common areas when necessary to make repairs, changes, or alterations to the common areas. In the event of a temporary closure of the common areas or the alteration, rearrangement, or other changes in the facilities of the common areas (1) City shall not be liable to Tenants for any resulting loss or damage, (2) Tenants shall not be entitled to any abatement of rent or other compensation, and (3) the closure, alteration, rearrangement or other change shall not constitute an actual or constructive eviction of Tenants or other grounds for Tenants to terminate this Lease. "Common Areas" Defined 5.02. "Common Areas" means those areas, facilities, space and equipment made available by City for common and joint use and benefit of City, Tenants and other users of the Cupertino Sports Center, including their respective employees, customers and guests. "Common Areas" includes only the following, to the extent provided by City: parking areas, driveways, access roads, landscaped areas, truck service ways, loading facilities, ramps, sidewalks area. Tenants' Right to Use Common Area 5.03 (a) Subject to the provisions of Articles 5 and 6 of this Lease, Tenants and its employees shall have the exclusive use of the swimming pool, pool deck and detached poolside locker rooms, mechanical room and storage/office area from September 1 through June 14 of each year of the term of this Lease. The rest rooms will be shared with the tennis program from June 15 to August 31 each year for the term of the lease. 5.03 (b) Subject to the provisions In Articles 5 and 6 of this Lease, City, during the term of this lease, grants to Tenants and their employees, customers and guests, the non-exclusive right in common with City and all others to whom the City has or may grant the right, to use the Common Areas subject to Tenants' compliance with any rules and regulations enacted or modified by City that govern the use of the Common Areas. Tenants agree to abide by and to use its best effort to cause its employees, customers and guests to abide by City's rules and regulations for the Common Areas. Tenants Parking City of Cupertino Lease of a Portion of the Cupertino Sports Center Page 7 of 22 ((-1 5.04. Notwithstanding Tenants' right to the non-exclusive use of the parking area at the Cupertino Sports Center, City reserves the right, should the ayailable parking not be sufficient to meet the demands of all users of the Sports Center, to designate no more than 20 parking spaces for Tenants' exclusive use. In the event of said designation, Tenants shall insure that Tenants, their employees, customers and guests shall park only in those spaces designated for Tenants' use. Notwithstanding the above, Tenants' employees, contractors, consultants are required to park behind tennis courts #2 through #5 on the premises. ARTICLE 6. CONSTRUCTION AND REPAIRS Citv Construction/Condition of Premises 6.01. (b) Tenants have at the time of execution of this lease inspected the leased premises and accepts it in its "as is" condition. If significant changes negatively impact the "as is" condition of the leased space after the time of the execution of the lease but before commencement, the City will restore the leased space to the original "as is" condition. Tenant Construction 6.02. (a) Tenants assume all liability for personal injury or property damage in any way arising out ofthe performance of Tenants' Work. Further, Tenants agree to defend, indemnify, and hold harmless City against all damages, liabilities, or other costs or expenses (including legal fees and costs) that City may pay as a result of any claim or lawsuit arising from Tenants' Work or Tenants' operation of the Leased Premises. Alterations and Improvements Conducted Bv the Citv to Meet Various Building Code Requirements 6.03. Prior to, or during the term of this Lease, City shall cause to be performed certain upgrades to the pool bathhouse to comply with various building code provisions as described in the proposal from California Dolphin Swim School Exhibit A attached hereto. The time schedule for commencement and completion of said improvements are described in the attached schedule described as Exhibit B. Within 7 days of the execution of this Lease, Tenants will deposit with the City the sum of$100,000. to pay for the cost of said improvements. The City shall retain said funds in a separate interest bearing account, to pay for the costs of said improvements as they are constructed. Any unused portion of the account, together with interest, shall be returned to the Tenants upon completion of the improvements. In the event that said improvements cost more than $100,000 to construct, then upon depletion of said separate account, Tenants shall forthwith replenish said account by depositing contingency funds with the City to complete construction of said improvements, but, in no event, shall Tenants be required to pay an amount greater than a total of $130,000.00 plus accrued interest for said improvements. The City shall pay for all costs of said improvements in excess of $100,000 plus accrued interest. . The City shall contract for the work of said improvements in the same manner as it contracts for all public improvements under its ordinance code. The $30,000.00 contingency account can be used for any aspect of the City of Cupertino Lease ofa Portion of the Cupertino Sports Center Page 8 of 22 /(-/Ó project including construction of the enclosure, bathhouse, improvements, or utility separation. Other Alterations and Improvements by City 6.04. City may, at any time with thirty (30) days prior notice to Tenants, make additions or alterations to the Cupertino Sports Center, including the Leased Premises. City may also construct additional improvements or buildings in the Cupertino Sports Center, expand or reduce the size of the Cupertino Sports Center, and enclose any open areas of the Center. Further, City may at any time use any part ofthe exterior walls, roof, or airspace above finished ceiling ofthe Leased Premises to carry out any construction described in this paragraph or any repairs described in Paragraph 6.07. or Article 7. Inability of the Tenants to Utilize the Leased Premises Due to Citv Construction. Alteration Maintenance. or Repair 6.05. In the event that the City's construction, alterations, maintenance or repairs of the Cupertino Sports Center (as described in Paragraphs 5.01, 6.03, 6.04 and 7.02 of this Lease) result in the inability of the Tenants to use the Leased Premises for its swim instruction program, the rent described in Paragraph 4.01 of this Lease shall be abated during said period of inability. In the event that said inability continues for a period of 90 consecutive days, or more, Tenants, upon written notice to the City, may terminate this Lease prior to its expiration without further obligation or duty on the part of either party. The remedies contained in this subsection constitute the sole remedies available to the Tenants should it be unable to use the Leased Premises due to City's construction, alteration, maintenance, or repair of the Cupertino Sports Center. Neither the City nor its officers or employees will be liable to for any damages or loss caused by the Tenants' inability to utilize the Leased Premises under the above-described conditions. Except as described herein, the construction, alteration, maintenance or repair which causes the Tenants to be unable to utilize the Leased Premises shall not constitute an actual or constructive eviction of Tenants or other grounds for Tenants to terminate this Lease. City shall provide Tenants with a minimum of90 days written notice prior to undertaking construction alterations, maintenance or repairs ofthe Cupertino Sports Center which will result in the Tenants' inability to use the Leased Premises. Alterations and Improvements by Tenants 6.06. Except for Tenants' Work described in Paragraph 6.02, Tenants may not make any major alterations or improvements including installation of storage units to the Leased Premises during the term of this Lease without first obtaining written consent of City. City's consent to any such alterations or improvements shall not be unreasonably withheld. Any alterations or improvements approved by City shall be performed pursuant to plans and specifications previously approved by City for specific alterations and improvements shall not in any way interfere with normal operations of the Cupertino Sports Center, and in all respects shall comply with the requirements for Tenants' Work described in Paragraph 6.02. of this Lease. City of Cupertino Lease of a Portion of the Cupertino Sports Center Page 9 of 22 1\-11 Ret>airs to Premises 6.07. City shall, at its sole cost, maintain and keeping good order, condition, and repair the Leased Premises. City's obligation for repairs under this Paragraph extends only to damage nol caused by Tenanls or Tenants' employees, customers and guests. City is not obligated to make any repair, except in the case of emergency, until it receives written notice from Tenants of the necessity for the repair. In making any repairs, City shall use its best efforts to perform the work with a minimum of disruption to Tenant's business. Any emergency repair will be completed within 24 hours on notification. City agrees to commence all other repair work within one working week of notification. Ownership of Improvements 6.08. All alterations, additions, and improvements, except for Tenants' stock in trade, trade fixtures including air heater, pool enclosure HV AC, pool equipment, and solar panel, furniture and furnishings or storage units, made or placed in or on the Leased Premises by Tenants or any other person shall on expiration or earlier termination of this Lease, become the property of City and remain on the Leased Premises. City shall have the option, however, on expiration or termination of this Lease, of requiring Tenants to remove any or all such alteration, additions, and improvements from the Leased Premises. Purchase and Installation of an All Weather Enclosure Surrounding Pool by Tenants 6.09. Tenants shall, at their own cost, purchase and install an all-weather enclosure which will surround the pool, provided that the enclosure and the manner of installation are first approved by the City prior to the enclosure being ordered by Tenants. Tenants will have the right to begin installation of this enclosure after April I, 2006, with a right of entry from the City. The enclosure will be owned by Tenants. In the event that Tenants vacate the Leased Premises for any reason, the City will have the option to purchase said enclosure by payment to Tenants ofthe original purchase price (including of any taxes or costs of installation and transportation) less an amount based upon a straight line depreciation for the remaining useful life of the enclosure. The useful life of the enclosure equals the length of its warranty period. The schedule for installation of the enclosure is to be agreed upon by the City and Tenants and is dependent on the manufacturer's delivery date and coordination with other construction on the Leased Premises. ARTICLE 7. DESTRUCTION OF PREMISES OR CUPERTINO SPORTS CENTER Notice of Damage 7.01. Within 24 hours of its occurrence, Tenants shall notify City of any damage or accident occurring on the Leased Premises. Damage or Destruction From Insured Casualty 7.02. Subject to the limitations set forth in this Paragraph, if at any time during the term of this Lease, the Premises are damaged or destroyed by fire or any other City of Cupertino Lease ofa Portion of the Cupertino Sports Center Page 10 of22 [\ -/2. casualty covered by City's fire and extended coverage insurance, City shall promptly repair, rebuild, or restore the Premises to substantially the same condition as was originally delivered to Tenants under this Lease. Notwithstanding the foregoing, City shall not be obligated to expend for repairs or rebuilding an amount in excess of the net insurance proceeds for damage to the Premises recovered by it. "Net Insurance Proceeds" means the total amount of proceeds recovered and attributable to the Premises, less any expenses incurred by City in recovering the proceeds. City shall commence repair, restoration, or rebuilding work, as appropriate, not later than 60 days after the occurrence of the event causing damage or destruction, and shall cause construction to be completed not later than 6 months after the occurrence of the event causing damage or destruction. If City does not commence or complete construction within the time periods described in this Paragraph, Tenants shall have the right to terminate the Lease by giving City written notice within 10 days after expiration ofthe applicable time period. Right to Terminate Lease 7.03. Notwithstanding Paragraph 7.02. of this Lease, City shall have the right to terminate this Lease and shall have no obligation to repair, restore, or rebuild the Premises or the Cupertino Sports Center, as the case may be, under any of the following circumstances: (a) The leased Premises are damaged or destroyed by a casualty not covered by City's insurance. (b) The pool in the Leased Premises is damaged or destroyed by any cause (whether or not the damage or destruction actually includes the Premises), and the cost of repair, restoration, or rebuilding exceeds a total of forty- five percent (45%) of the then-replacement cost of the pool. If City elects to terminate this Lease under any of the above circumstances, City shall give written notice to Tenants not later than 30 days after occurrence of the casualty. This notice shall set forth the date on which the termination is to be effective. That date shall be not less than 30 days nor more than 60 days after the date of the termination notice. Pavment ofInsurance Proceeds 7.04. All insurance proceeds payable with respect to the Premises shall belong to and be payable to City. If City does not elect to terminate this Lease, the insurance proceeds, shall be disbursed in the following order: first, to City's cost of rebuilding or restoration; second, to Tenants' cost ofrebuilding or restoration, excluding costs covered by Tenants' insurance. ARTICLE 8. USE OF PREMISES Business Hours 8.01. Beginning on the commencement date, Tenants shall maintain an office facility at all times during its normal hours of operation. Tenants shall determine its own hours of operation provided that said hours are between 7:00 a.m. and 9:30 p.m. Monday through Friday and 8:00 a.m. through 5:30 p.m. Saturday through Sunday. The City City of Cupertino Lease of a Portion of the Cupertino Sports Center Page 11 of22 Il-/3 reserves the right to close the facility for holidays and annual maintenance through a schedule to be determined annually for the subsequent calendar year. Prohibited Actions 8.02. Tenants may not do any of the following on the Leased Premises: (a) Permit or commit any waste. (b) Operate, cause, or permit to be operated any catalogue, mail, or telephone order sales in or from the Premises, except for the incidental sale of merchandise that Tenants are permitted to sell on the Leased Premises to customers, except as otherwise approved in writing by the City. (c) Permit or conduct any public or private auction on the Leased Premises or any sale, that would or would tend to indicate that Tenants are going out of business, is bankrupt, or has lost its lease. (d) Place or permit the placement of amusement or video games on the Leased Premises. (e) Use or permit the Common Areas adjacent to the Leased premises to be used for the display or sale of merchandise for any other business purpose unless consented to in writing by City. (f) Permit the making of any noise or sounds that carry beyond the boundaries of the Leased Premises, whether through loudspeakers, other types of electronic devices, or otherwise. (g) Conduct or permit any type of unlawful conduct on the Leased Premises. (h) Other than for daily maintenance, store or use of hazardous substances or materials on the Leased Premises must follow City, State, and Federal law. Compliance with Laws 8.03. At its sole expense, Tenants shall comply with all governmental laws, rules, regulations, orders, and ordinances relating to the Leased Premises and to the use and occupancy of the Leased Premises. Tenants shall also maintain and keep in force all licenses and permits required by govemment authorities and shall comply with all requirements, recommendations, and regulations of City's and Tenants' insurance compames. Advertising and Signs 8.04. (a) Tenants shall include the name of Cupertino Sports Center in any advertising of its swim lesson instruction business, except that permitted signs located on the Leased Premises or at the Cupertino Sports Center need not contain the name of the Center. (b) Tenants may place, install, or maintain a sign at the entrance to the Sports Center providing it conforms with the City's sign ordinance, awning, canopy, advertising, or other matter on the exterior of the Leased Premises (whether out of doors or indoors), including any window or door, signage must be done after approval of City. Tenants shall maintain all signs and other items described in the Paragraph in good condition and repairs. City of Cupertino Lease ofa Portion of the Cupertino Sports Center Page 12 of22 II -[L{ Assignment and Sublease 8.05. (a) Tenants shall not do any of the following without first obtaining written consent of City: assign, sell, mortgage, or in any other manner transfer this lease or any interest of Tenants in the Lease; sublet the whole or any part of the Leased Premises; or permit all or any part of the Leased Premises to be occupied by others (whether through the grant of a concession, license, or otherwise). Any consent requested from City may be given or withheld by City as City in its sole discretion determines. Any consent given by City under this Paragraph applies only to the specific transfer transaction for which it is given, and City's consent to a specific transfer transaction does not relieve or excuse Tenants from the requirement that Tenants obtain the prior written consent of City for any subsequent transaction. Any transfer described in this Paragraph, whether made with or without City's prior written consent, does not relieve Tenants of applicable terms and covenants under this Lease (including the payment of rent), unless City executes a written agreement for a specific transfer that provides otherwise. The prohibition against transfer described in this Paragraph includes any transfer transaction described above that occurs by operation oflaw, legal process, receivership, bankruptcy or otherwise, whether voluntary or involuntary. (b) Without in any way waiving its right to approve or disapprove any transfer transaction described in this Paragraph, City may (1) collect rent from any assignee, Subtenant, user, or occupant of the Leased Premises following any transfer described in this Paragraph, whether or not City gave its prior written consent for the transfer, and (2) apply the collected amount to the rent due from Tenants under this Lease. (c) The transfer of corporate shares of the corporate Tenants by assignment, sale, bequest, inheritance, operation oflaw, or their disposition shall not be considered a prohibited transfer transaction under this Lease if it results in the individual Tenants remaining as the authorized represent~tive of the corporate Tenants for purposes of the agreement. ARTICLE 9. INDEMNIFICATION AND INSURANCE Indemnity 9.01. Tenants agree to indemnify and hold harmless City, its officers, employees, and elected officials, boards, and commissions from all suits, actions, claims, causes of action, costs, demands, judgments and liens arising out of Tenants' performance under the Lease, including Lessee's failure to comply with or carry out any of the provisions of this Lease. Insurance by Tenants 9.02. (a) Tenants shall, at their own cost and expense, procure and maintain during the entire term of this Lease the following insurance coverage: 1) Comprehensive general public liability insurance insuring against the risks of bodily injury, property damage, and personal injury liability occurring on the Leased Premises or arising out of Ten ants' use or occupancy of the Premises and City of Cupertino Lease of a Portion of the Cupertino Sports Center Page 13 of22 II-If the Cupertino Sports Center, with a combined single limit ofliability of at least $2,000,000.00 including, but not limited to, coverage for Premises' operations, broad form blanket contractual coverage, and standard personal injury coverages A, B, and C. 2) Fire and extended coverage insurance, and yandalism and malicious mischief insurance, insuring Tenants' fixtures, goods, wares, and merchandise in or on the Leased Premises for 100% of their insurable and replacement cost, without deduction for depreciation. 3) Business interruption insurance, payable in the event of a loss covered by fire and extended coverage or vandalism and malicious mischief insurance Tenants is required to maintain, in an amount not less than the amount of Tenant's Rent for a twelve month period following any damage or destruction. 4) Worker's compensation insurance as required by the laws of the State of California. (b) Any insurance policy Tenants is required to procure and maintain under this Lease shall be issued by a responsible insurance company or companies licensed to do business in the State of California. Further, each such policy shall provide that it may not be canceled, terminated, or changed except after 30 days prior written notice to City. Tenants may maintain all or part of the insurance required under this Lease by means of a blanket insurance policy so long as the provisions of this Article are satisfied. Tenants must deliver to City duplicate originals or certificates of all insurance policies procured by Tenants. (c) Tenants may not do, omit to do, permit to be done, or keep anything in or on the Leased Premises that will violate the provisions of City's fire and extended coverage insurance policy or otherwise adversely affect the premiums paid by City or City's ability to maintain the .insurance in effect. If any such act or omission by Tenants results in an increase in City's premiums for any policies on the Premises or the Cupertino Sports Center, Tenants shall pay the amount of the increase. City may also, at City's option, rectify the condition causing the increase if Tenants fail to do so. In that case, on demand of City, the amount expended by City shall be immediately due and payable by Tenants as Additional Rent. (d) If during the term of this Lease Tenants fail to secure or maintain the insurance required under this Lease, City may obtain the insurance for the Premises in Tenants' name or as the agent of Tenants, and Tenants shall compensate City for the cost of the insurance premiums. Tenants shall reimburse City the full amount paid no later than 30 days from the date written notice is received that the premiums have been paid. A failure by Tenants to make reimbursement within the time required under this Subparagraph shall be considered a default under this Lease. Subrogation Waiver 9.03. City and Tenants agree that in the event ofloss due to any of the perils for which they have agreed to provide insurance, each party shall look solely to its insurance for recovery. City and Tenants hereby grant to each other, on behalf of any insurer providing insurance to either of them with respect to the Premises, a waiver of any right of subrogation that any such insurer of one party may acquire against the other by virtue of payment of any loss under that insurance. City of Cupertino Lease of a Portion of the Cupertino Sports Center Page 14 of22 f(-/~ Proceeds 9.04. Except as otherwise provided in this Lease, proceeds from any policy or policies shall be payable to the party responsible for the payment of insurance premiums. ARTICLE 10. CONDEMNATION Termination of Lease 10.01. If at any time during the term of this Lease, title and possession of all of the Premises or of 10 percent or more of the gross floor area of the Leased Premises is taken under the power of eminent domain by any public or quasi-public agency or entity, this Lease shall terminate as of 12.01 A.M. of the date actual physical possession of the leased Premises is taken by the agency or entity exercising the power of eminent domain. Thereafter, both City and Tenants shall be released from all obligations under this Lease, subject to the provisions of Paragraph 10.04. of this Lease. Continuation of Lease 10.02. If the portion ofthe leased Premises taken under the power of eminent domain is less than 10 percent of the gross floor area of the leased Premises, the following will occur: (a) This Lease shall terminate as to the portion taken as of 12:01 A.M. of the day actual physical possession ofthat portion ofthe Premises is taken by the agency or entity exercising the power of eminent domain (the "date of taking"). (b) This Lease shall continue in effect for the remainder of the Premises not taken. Beginning on the day and at the time described in Subparagraph (a) of this Paragraph, the Fixed Rent payable by Tenants under this Lease shall be reduced by the same proportion that the gross floor area taken bears to the gross floor area of the Premises prior to the taking. Promptly after the taking described above, City shall, at City's expense, restore the Premises not taken by eminent domain to a condition making the Premises tenantable by Tenants for the uses permitted by this Lease; and Tenants shall, at Tenants' expense, make all necessary repairs to Tenants' fixtures, equipment, and furnishings. Ontion to Terminate Lease 10.03. City shall have the right to terminate this Lease if title and possession of the following is taken under the power of eminent domain, whether or not the taking includes any portion of the leased Premises: (a) More than 50 percent of the pool area containing the Leased Premises; (b) More than 25 percent of the Common Areas of the Cupertino Sports Center; (c) All or a portion of the parking area of the Cupertino Sports Center, provided the taking causes the Center to violate the requirements of the then-applicable zoning law governing the size, location, layout, or other features ofthe parking area. Notwithstanding the foregoing, this Lease shall continue in full force and effect if City, City of Cupertino Lease of a Portion of the Cupertino Sports Center Page 15 of22 II~'Î immediately after the agency or entity exercising the power of eminent domain takes actual physical possession of the parking area, commences to correct the circumstances giving rise to the right to terminate this Lease, either through obtaining a variance or an exception to the then-applicable zoning law or by providing additional substitute parking areas. This action must be at City's sole cost and expense. City may exercise the foregoing right to terminate this Lease by giving written notice to Tenants within 7 days after it's known to City and at least 30 days prior to the termination date, which shall be the date actual physical possession of the Premises is taken by the agency or entity exercising the power of eminent domain. Condemnation Award 10.04. If at any time during the term of this Lease, title and possession of all or any portion of the Premises or the Cupertino Sports Center is taken under the power of eminent domain, the compensation or damages for the taking shall be awarded to and be the sole property of City, and Tenants shall have no right or claim to that compensation or damages. Waiver 10.05. City and Tenants each agree that this Lease shall govern the respective rights and obligations of each party in the event of a taking by eminent domain. City and Tenants each hereby waives any right either may have at law to petition the court for termination of this Lease in the event of a partial taking of the leased Premises. ARTICLE 11. DEFAULT AND TERMINATION "Default" Defined 11.01. The occurrence of any of the following constitutes a default and breach of this Lease by Tenants: (a) Any failure by Tenants to pay the rent or to make any other payment required to be made by Tenants under this Lease, when the failure continues for 10 or more days after written notice from City to Tenants. (b) The abandonment of the Premises by Tenants. For these purposes, the absence of Tenants from or the failure by Tenants to conduct business on the Premises for a period in excess of 30 consecutive days after the commencement date shall constitute an abandonment. (c) A failure by Tenants to observe or perform any other provision of this Lease to be observed or performed by Tenants when the failure continues for 30 days or more after written notice of Tenants' failure is given by City to Tenants; provided, however, that if the default cannot reasonably be cured within the 30 day cure period, Tenants shall not be deemed to be in default if Tenants commences the cure within the 30 day cure period and thereafter completes the curative action within a reasonable time. (d) The making by Tenants of any general assignment for the benefit of creditors; the filing by or against Tenants of a petition to have Tenants adjudged a bankrupt or of a petition for reorganization or arrangement under any law relating to bankruptcy the appointment of a trustee or receiver to take possession of substantially of City of Cupertino Lease of a Portion of the Cupertino Sports Center Page 16 of22 (I-{ t all Tenants' assets located at the premises or of Tenants' interest in this Lease, when possession is not restored to Tenants within 30 days; or the attachment, execution, or other judicial seizure of substantially all of Ten ants' assets located at the Premises or of Tenants' interest in this Lease, when that seizure is not discharged within 30 days. Termination of Lease and Recoverv of Damages _ 11.02. (A) In the event of any default by Tenants under this Lease, in addition to any other remedies available to City at law or in equity, City shall have the right to terminate this Lease and all rights of Ten ants under this Lease by giving written notice of the termination. No act of City shall be construed as terminating this Lease except written notice given by City to Tenants advising Tenants that City elects to terminate the Lease. In the event City elects to terminate this Lease, City may recover the following from Tenants: (a) The worth at the time of award of any unpaid rent that had been earned at the time of termination of the Lease; (b) The worth at the time of award of the amount by which the unpaid rent that would have been earned after termination of the Lease until the time of award exceeds the amount of rental loss that Tenants proves could have been reasonably avoided; (c) The worth at the time of award ofthe amount by which the unpaid rent for the balance of the term of this Lease after the time of award exceeds the amount of rental loss that Tenants prove could be reasonably avoided; and City shall apply reasonable effort to re-let the Leased Premises. Only if it fails to re-let or the new rent is less than the rent of this lease, then the difference between the rents shall be recovered from Tenant for the balance ofthe term. (d) Any other amount necessary to compensate compensation detriment approximately caused by Tenants' failure to perform its obligations under this Lease. The term "rent" as used in this Paragraph shall mean the Rent, and all other sums required to be paid by Tenants pursuant to the terms of this Lease. As used in Subparagraphs (a) and (b) of this Paragraph, the "worth at the time of award" is computed by allowing interest at the rate of 10 percent per year. As used in Subparagraph (c) of this Paragraph, the "worth at the time of award" is computed by discounting the amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1 percent. (B) If City fails to deliver possession to Tenants by the commencement date, Tenants shall have rights to get back all the investment money not exceeding $125,000 spent on the improvement projects (as defined in Paragraph 4.03 and 6.03), and terminate the lease without further obligation to City. Citv's Right to Continue Lease in Effect 11.03. If Tenants breach this Lease and abandons the Premises before the natural expiration of the term of this Lease, City may continue this Lease in effect by not City of Cupertino Lease of a Portion of the Cupertino Sports Center Page 17 of22 fI ~( 1 terminating Tenants' right to possession of the Premises, in which event City shall be entitled to enforce all its rights and remedies under this Lease, including the right to recover the rent specified in this Lease as it becomes due under this Lease. No act of City (including an entry on the Premises, efforts to relet the Premises, or maintenance of the Premises) shall be construed as an election to terminate this Lease unless a written notice of termination is given to Tenants or the termination of this Lease is decreed by a court of competent jurisdiction. City's Right to Relet 11.04. In the event Tenants default, breach and abandon this Lease, City may enter on and relet the Premises or any part of the Premises to a third party for any term, at any rental, and on any other terms and conditions that City in its sole discretion may deem advisable, and shall have the right to make alterations and repairs to the Premises. Tenants shall be liable for all of City's costs in reletting, including remodeling costs required for the reletting. In the event City relets the premises, Tenants shall pay all rent due under and at the times specified in this Lease, less any amount or amounts actually received by City from the reletting. Citv's Right to Cure Tenants Defaults 11.05. If Tenants reach or fail to perform any of the covenants or provisions of this Lease, City may upon written notice, cure Tenants' breach. Any sum expended by City, with the then-maximum legal rate of interest, shall be reimbursed by Tenants to City with the next due rent payment under this Lease. Cumulative Remedies 11.06. The remedies granted to City in this Article shall not be exclusive but shall be cumulative and in addition to all remedies now or hereafter allowed by law or provided in this Lease. Waiver of Breach 11.07. The waiver by City of any breach by Tenants of any of the provisions of this Lease shall not constitute a continuing waiver or a waiver of any subsequent breach by Tenants either of the same or another provisions of this Lease. Surrender on Termination 11.08. On expiration ofthe term of this Lease or the earlier termination of this Lease, Tenants agree to surrender the Premises in good order and condition (reasonable wear and tear excepted). Further, Tenants shall, at Tenants' expense, remove all of its merchandise, inventory, and trade fixtures, and repair any damage caused by the removal. City shall also have the right to require Tenants, at Tenants' expense, to remove any improvements made to the Premises by Tenants and to repair any damage caused by the removal. Holdover Tenancv City of Cupertino Lease ora Portion of the Cupertino Sports Center Page 18 of22 fl-10 11.09. 1fTenants remain in possession of the Premises after expiration of the term of this Lease without renewing or extending this Lease or entering into new lease with City, Tenants' continued occupancy of the Premises, at City's option, shall be considered a month-to-month tenancy that may be terminated by either party on 30 days' prior notice to the other. All terms of this Lease shall be fully applicable to the month-to- month tenancy insofar as consistent with a month-to-month tenancy, except that Tenants must pay 150 percent of the Fixed Rent, and any Additional Rent provided for under this Lease. Attorneys' Fees 11.10. If any litigation is commenced between the parties to this Lease concerning the Premises, this Lease, or the rights and duties of either in relation to the Premises or the Lease, the party prevailing in that litigation shall be entitled, in addition to any other relief that may be granted in the litigation, to a reasonable sum as and for its attorneys' fees in the litigation, which shall be determined by the court in that litigation or in a separate action brought for that purpose. Renewal of Lease 11.11 One year prior to the expiration of this lease, tenant and City shall discuss renewal at mutually agreed upon terms. Tenancv Statement (Estoppel Certificate) 11.12 Tenant shall execute and return a tenancy statement (estoppel certificate), delivered to Tenant by City (the landlord) or City's agent, within seven (7) days after the receipt. The tenancy statement shall acknowledge that this Lease agreement, upon selling the leased premises to a buyer, will be unmodified and in full force, or in full force as modified with Tenant's approval in writing and stating the modifications. Failure for Tenant to comply with this requirement shall be deemed Tenant's acknowledgement that the tenancy statement is true and correct. ARTICLE 12. MISCELLANEOUS Landlord-Tenant Relationship 12.01 This Lease establishes a Landlord-Tenant relationship between the parties. It shall not be construed or deemed to create any other type of relationship between them, including one of agency, partnership, or joint venture. City'S Right of Entrv 12.02. At any time Tenants are open for business or is required by this Lease to be open for business, City shall have the right to enter the Premises to inspect the Premises; show the Premises to a third party; or perform any repairs City is permitted or required to make under this Lease, whether to the Premises, adjoining premises, or the building containing the Premises. For any entry made while Tenants are open for business, City shall use its best efforts to minimize interference with the conduct of Tenants' business. Repairs required or permitted to be made by City may, at City's City of Cupertino Lease ofa Portion of the Cupertino Sports Center Page 19 of22 /I-).l option, be scheduled for times when Tenants' business is not open, provided prior written notice is given to Tenants. In the case of an emergency, City may enter the Premises at any time without prior notice to Tenants, but shall notify Tenants promptly afterwards of its emergency entry. Interest on Obligations 12.03. The payment of any sum due to City under this Lease, however designated, shall be due promptly as provided for in this Lease. Any payment that is not paid promptly shall bear interest from its due date until paid at the then-maximum legal rate of interest. Notices 12.04. Except as otherwise expressly provided by law, any and all notices or other communications required or permitted by this Lease or by law to be served on or given to either party to this Lease by the other party to this Lease shall be in writing and shall be deemed duly served and given when personally delivered to the party to whom they are directed or any managing employee of that party, or in lieu of personal service, within forty-eight (48) hours when deposited in the United States mail, first-class postage prepaid, addressed to City at 10300 Torre Avenue, Cupertino, California 95014 or to Tenants at 32517 Carmel Way, Union City, CA 94587. Either party may change its address for purposes of this Paragraph by giving written notice of that change to the other party in the manner provided in this Paragraph. Binding on Heirs and Successors 12.05. This Lease shall be binding on and shall inure to the benefit of the heirs, executors, administrators, successors, and assigns of City and Tenants, but nothing in this Paragraph shall be construed as a consent by City to any assignment of this Lease or any interest in this Lease by Tenants. Time of Essence 12.06. Time is expressly declared to be ofthe essence in this Lease. Sole and Only Agreement 12.07. This Lease, together with the attached Exhibit of this Lease, constitutes the sole and only agreement between City and Tenants respecting the Premises, the leasing of the Premises to Tenants, or the lease term created under this Lease, and correctly sets forth its date. Any agreements or representations respecting the premises or their leasing by City to Tenants not expressly set forth in this instrument are null and void. This Lease may be modified or amended only by an instrument in writing signed by both City and Tenants. Invalidity or Unenforceability 12.08. If any provision of this Lease is held by a court of competent jurisdiction to be either invalid, void, or unenforceable, the remaining provisions of this Lease shall remain in full force and effect. City of Cupertino Lease of a Portion of the Cupertino Sports Center Page 20 of 22 /I <U__ Waivers 12.09. No waiver of any term, condition, or covenant ofthis Lease shall be presumed or implied. Any such waiver must be expressly made in writing by the party waiying the term, condition, or covenant. The acceptance by City from Tenants of any amount paid for any reason under this Lease in a sum less than what is actually owing shall not be deemed a compromise, settlement, accord and satisfaction, or other final disposition of the amount owing unless City agrees otherwise in writing. Captions 12.10. The captions and numbers ofthe Articles and Paragraphs of this Lease are for convenience only and are not intend to reflect in any way on the substance or interpretation of the provisions of this Lease. Executed on , 2005, at , California. Date: CITY: Mayor, City of Cupertino Date: ATTEST: City Clerk Date: APPROVED AS TO FORM: City Attorney Date: }2-/~ / ~S- / / TENANTS hi ~ JOSEPH HE, as an individual City of Cupertino Lease of a Portion of the Cupertino Sports Center Page 21 of22 (1-23 C;¿'~j ii ¡J~ ~ XIAOHONG W G, as an indi ·tlual 1~ JO EPH HE, President and Chairperson of the Board, California Dolphin Swim School, a California corporation City of Cupertino Lease of a Portion of the Cupertino Sports Center Page 22 of 22 1\-1L{ California Dolphin Swim School Business Proposal Prepared For: Don McCarthy Recreation Supervisor, City of Cupertino Version: 2.1 September 13, 2005 /~ California Dolphin Swim School P.O. Box 2835 Union City, CA 94587 U.S.A. Email: ioseph.he@ca-dolphins.com (510) 441-8662 or (510) 676-0744 (cell) Confidential I( - ')-5' m ><: ::r _. ç) _. ..... ;Þ Business Proposal Table of Contents 1. EXECUTIVE SUMMARY ..........................................................;....................................................................1 2. OPPORTUNITY AND SITUATION ...............................................................................................................1 3. PROPOSED POOL RENOV ATION ...............................................................................................................1 4. PROPOSED NEW TENANT ............................................................................................................................2 5. LEASING TERMS ............................................................................................................................................3 6. AQUATIC PROGRAMS ..................................................................................................................................4 7. MARKET AND COMPETITION ....................................................................................................................4 8. FINANCIAL OUTLOOK .................................................................................................................................5 9. MARKETING SUPPORT ................................................................................................................................6 10. BUSINESS OPERATION ............................................................................................................................ 6 11. RISK MANAGEMENT AND INSURANCES ...........................................................................................6 12. LICENSE FEES AND TAXES ....................................................................................................................6 13. APPENDIX - RESUMES............................................................................................................................. 7 RESUMES - XlAOHONG W ANG................................ ................................................................................................... 7 MAJOR ACHIEVEMENTS .......... ................ .... ...................................................... ........................ ...................... 7 CERTIFICATES AND STATUS........ .......................... ................................... .............. ..............7 COACHING EXPERIENCES ....................... ... ......................... . .............................. ................. ..... .................... 7 EDUCA TION...... .......... .............. .... .............. .......... .............. ......... ............. .......................... ... ............. 7 IT EXPERIENCES ............................................ .............. ........ ... ........................................ ..... ............... .............. 7 RESUME - JOSEPH HE .... ............. .... ............... ....................................... ......... ......... ...................................................8 PROFESSIONAL EXPERIENCES. ....... ................. ..... .............................................. ............. ................8 TRAININGS AND STATUS...................... ............... ................. .............................................................. 8 EDUCA TION...... .... ... ............. .... .............................................................................. ........................................... 8 II - J.jo California Dolphin Swim School Business Proposal Version 2.1 1. Executive Summary CDSS, a fast-growing swim school, is looking for a long-term win-win partnership with the city of Cupertino and requesting a five-year lease slarting at $60K/yr for lhe swimming pool facility at the Cupertino Sports Center. Recognizing the needs for the renovation of the aged pool facility, CDSS is proposing a two phases renovation project with a total estimated costs of $1.8M and considering to contribute uplo $500K to the project on the second phase. CDSS is co-founded by a former world champion. We believe that we can bring tremendous goodwill to the city, offering high quality swim lessons and rich aquatic programs to the local citizens and communities. This document is just a proposal to lease and renovate the pool, not a contract between the proposed tenant CDSS and the city. 2. Opportunity and Situation The small swimming pool at the Cupertino Sports Center (21111 Stevens Creek Blvd), 18yd long and 7 yard wide, is currently leased to DACA swim school. This lease will expire at the end of March 2006 and DACA will move its swim school to its new facility. The pool landlord, city of Cupertino, is looking for a new tenant partner to enhance the pool and to provide superior swimming instructional services to its citizens and the members of the local communities. 3. Proposed Pool Renovation Through the recent on-site visual inspections and meetings with architects and engineers, we believe the pool systems including lhe enclosure dome are approaching their life expectancy though they are still operating condition. Talking with the DACA director for their swim school program on site, he expressed that they have no inlention to leave the dome and heating equipment to their competitor. Based on the observations and estimates, we suggest a two- phase renovation of the pool facility totaling a $1.8M investment with $800K for the first phase. The construction project shall be initiated and managed by the city with inputs taken from the future proposed tenant. Phase I. The renovation of lhis phase includes the complete rebuild of lhe pool systems wilh an expanded pool, the sunroom enclosure, the office, locker rooms, restrooms and separated utility lines or meters, since the existing building has too many areas that are not compliant with today's building codes. On this phase, the city needs to raise lhe entire construction cost of $800K to make it happen. The construction will take 4-6 months to complete. So the new lease should start in Oct, 2006. Phase II. One year prior to the expiration of the first phase lease, we should kick off the second phase renovation, the expansion of the pool facility to one adjacenl tennis court with an estimated cosls totaling $1 M on construction. On this phase, we propose to build a larger 6 lanes 25 yd pool out of the adjacent tennis court. CDSS considers to conlribute half of the cosls which is $500K as taxable business cost for the second phase lease. The phase II construction is expected to finish in six months, by the end of the first phase lease. The new lease shall be renewed for a ten year term with a starting rate of $100K a year. Obviously, the city needs to contribute one tennis court to be used as land for the pool expansion, match up or raise funds to cover the rest of the cost $500K 10 make the second phase project happen. (I~)' Î California Dolphin Swim School Page 1 Business Proposal Version 2.1 4. Proposed New Tenant CDSS (California Dolphin Swim School), a s-corporation registered in California since 2003, is currently based in Union City. It provides various levels of swimming lessons to about 300 hundred young swimmers in both Soulh Bay and East Bay areas. Its co-founder and lhe head swim coach, Xiaohong Wang, was a world champion and Olympic silver medalist in early 1990s. She is now a Level-4 coach certified by ASCA (American Swim Coach Association), bearing also lhe valid Red-Cross certificates in CPR, First Aid and Water Safety trainings. There are currenlly seven part-time coaches and instructors working for the school. The vision of the tenant is to become a premier aquatic club offering the best value swim lessons and other diversified aquatic services in the bay area. The tenant is looking for and planning to build together a long-term win-win tenancy and partnership with the landlord. The tenant strikes hard to provide competitive market rents and make necessary financial contributions to enhance the pool facility for the city of Cupertino, while maximizing its return of investment for its investors and the business growth. CDSS is an outstanding candidate for the new tenant. The reasons for that and the strengths of the swim school are summarized below: iii It buys in and supports the win-win cooperation model: the city contributes land and facility, while the private sector leases and runs the facility, contributing funds for facility update and renovation. iii It will consider to contribute up to $500K as business improvement costs to renovate the pool facility on the second phase before the first phase lease expires. IiIWith hundreds of in-school swimmer students, they have the necessary expertise and experiences to grow and run a successful swim school, since they've been there and done that. iii Its co-founder and head coach is a highly respected and experienced coach with lop- nolch skills and world-class expertise in swimming. IiIThe well-known fame and reputation of its head coach will also help attracting swimmers to the new facility, which is critical for the new tenant to pay rent, to survive and to thrive in lhis extremely competitive environment. Her fame and reputation will also help promote the attraction and bring great goodwill to the city. iii It has been profitable and maintaining a great credit since its inception. As a great and responsible tenant, it always pays rents on time and takes good care of the pool facility. iii It will provide multiple aquatic programs to the Cupertino citizens and communities. iii It is professionally managed, capable to doing business and manage the pool facility renovating construclion right. On the whole, CDSS is an outstanding, ready, willing and able candidate. Refer also to the resumes of the tenant's chief officers in the appendix. II-)-f California Dolphin Swim School Page 2 Business Proposal Version 2.1 5. Leasing Terms 5.1. Leasing Period. We expect a five year exclusive lease right after the first phase conslruction, probably from Oct 1st 2006 to Sept 30,2011. In practice, it starts from lhe dale of occupancy certificate issuance upon the completion of construction and inspections, or Ocl1st. 2006, which ever is later. 5.2. Leasing Rate. A flat rate starting at $60K annual rate for the first 12 months. 5.3. Lease' payment. It should be monthly, due by the 5th of the month. The payment is for the use of lhe facility for the upcoming month. The first payment shall be due on the lease effective day for the whole upcoming month or a partial month prorate if the lease effects in the middle of a month. 5.4. Annual adjustment. The lease rate increases or decreases based on the national CPI. 5.5. Utilities. All utilities, including water, power, gas, telephone and garbage, needed to run the pool facility will be responsible by the tenant during the leasing period. 5.6. The pool cleaning. maintenance and chemical supplies are the responsibility of the tenant. 5.7. The pool equipment maintenance including the heating, ventilation, the pump, the filter, and the control systems are the responsibilities of the tenant. 5.8. The lease includes the use of the whole pool facility seven days a week, 52 weeks a year, with an operation hours from 6:30am to 10pm. 5.9. The lease includes the use of the parking lots on the current first come first serve basis without additional charges, at the Cupertino Sports Center year round during the operation days and hours including all weekends and all holidays. [\~2q California Dolphin Swim School Page 3 Business Proposal Version 2.1 6. Aquatic Programs We plan to offer various quality swim lessons suitable for citizens from 6 months old to adult. The lessons will be 30minute long. The small 90° pool renovated and finished in Phase I can attract swimmers with most majorily of them aging under 9. When the larger cooler 25yd pool is completed in Phase II, the pools together' will be able to attractive swimmers of all ages. By then we can consider to offer aquatic fitness, exercises and therapies to adult and senior citizens. 7. Market and Competition We discover that the pool facilily is located in an extremely competilive environment with many strong competitors located within 3 mile radius: DACA, Sutton, YMCA-Cupertino, Santa Clara Inti Swim Center, CSC in Sunnyvale. West Coast Aquatics, and etc. The following are the estimated number of swimmers for the top three competitors within 1-2 miles: (1) DACA. 2300 swimmers in its leam-to-swim programs, 700 in its pre-competitive program and 1000 in its competitive programs, totaling over 4000 swimmers. It is the current pool tenant, moving to its new 10000sf indoor swim center. It's been in business over 12 years. (2) Sutton Swim School. It has over 1000 swimmers, in business for over 5 years, using its new indoor pool facility just a couple of blocks away. (3) YMCA-Cupertino. It has also over 1000 swimmers using its like new indoor pool facility just around the comer, which is closest among these three competitive. These top compelitors all have their own new indoor swimming facililies. Therefore, it will be extremely difficult to attract swimmers to an old or ouldoor pool facility in Cupertino area. l\I1~r~et Santa Clara Est. Swim County . Lesson Mountain Santa Si:ze. In Yr 2000 Signu Rate Cupertino Sunn ale View Clara Cambell Saratogas 1,680,000 50500 132000 71000 102000 38000 30000 100.00% 5% 2525 6600 3550 5100 1900 1500 7.10% 10% 359 937 504 724 270 213 -- 8.00% 20% 808 2112 1136 . 1632 608 480 9.70% 15% 735 1921 1033 1484 553 437 under 17 1901 4970 2673 3840 1431 1130 under 9 1167 3049 1640 2356 878 693 under 17 7012 under 9 4302 As one you see in the market analysis table above, the total estimated market size for a small pool in the Cupertino area is about 4300 swimmers under 9, who come partly from Cupertino and partly from the above five other neighboring cities. Since there are already some 3500 swimmers of them signed up to the top competitors, the market is rather saturated and challenging to support another profitable small pool facility. 11 ~30 California Dolphin Swim School Page 4 Business Proposal Version 2.1 8. Financial Outlook We develop the following financial number providing the completion of the first phase swim minq pool renovation (see the Phase I scope definilion above). Yr1 01 02 03 04 Total - 2006 Customers 0 0 0 150 Tuition ¡lesson $0 $0 $0 $13 Revenue $0 $0 $0 $30,086 $30,086 Fix Cost $0 $0 $0 $29,850 Var Cost $0 $0 $0 $30,000 Tot Cost $0 $0 $0 $59,850 $59.850 Net Inc $0 $0 $0 ($29,764) ($29,764) Yr2 01 02 03 04 Total - 2007 Customers 200 300 400 450 Tuition ¡lesson $15 $15 $15 $15 Revenue $42,429 $69,429 $115,714 $104.143 $331.714 Fix Cost $31.050 $31,050 $31,050 $31,050 Var Cost $36.300 $36,300 $36.300 $36,300 Tot Cost $67,350 $67,350 $67,350 $67,350 $269,400 Net Inc ($24,921 ) $2,079 $48,364 $36,793 $62,314 Yr3 01 02 03 04 Total - 2008 Customers 475 525 575 625 Tuition ¡lesson $15 $15 $15 $15 Revenue $100,768 $121,500 $166,339 $144,643 $533,250 Fix Cost $32.214 $32,214 $32.214 $32,214 Var Cost $48,900 $48,900 $48,900 $48,900 Tot Cost $81,114 $81,114 $81,114 $81,114 $324,454 Net Inc $19,654 $40,387 $85,226 $63,529 $208,796 Yr4 01 Q2 03 04 Total - 2009 Customers 650 700 750 800 . Tuition ¡lesson $15 $15 $15 $15 Revenue $137,893 $162,000 $216,964 $185,143 $702,000 Fix Cost $33,391 $33,391 $33,391 $33,391 Var Cost $55,500 $64,500 $64,500 $64,500 Tot Cost $88,891 $97,891 $97,891 $97,891 $382,564 Net Inc $49,002 $64,109 $119,073 $87,252 $319,436 """"'"~~~~-~~--~---~--~ L~ ~¡Jf2j t _ ~ \~11! "5~~__ ~ ~,_ '" (ª-~; _ . _. _ C~1¡~_~": J~iŒt~,_ Customers 825 875 950 1000 Tuition ¡lesson $15 $15 $15 $15 Revenue $175.018 $202,500 $274,821 $231 ,429 $883,768 Fix Cost $34,883 $34,883 $34.883 $34,883 Var Cost $72,900 $72,900 $72,900 $72,900 Tot Cost $107.783 $107,783 $107,783 $107,783 $431,131 Net Inc $67,235 $94,717 $167,039 $123,646 $452,637 Note thaI the fix costs consist of rent, insurance, utilities, clean service, chemicals, and the pool deck equipment amortization; where as the variable costs consists of wages, ad, office supplies, overhead and elc. /I - ~l California Dolphin Swim School Page 5 Business Proposal Version 2.1 9. Marketing Support In order for the new tenant to survive, to pay the rent and to fight the competition, we request the privileges for the following markeling support from the City of Cupertino: 9.1. Assign a physical address to the pool facility for conducting business and utilities. 9.2. Announce and publicize the renovation of the pool and the new swim school program on the activity catalog of Cupertino Parks and Recreation for all four distributions of the first full year. 9.3. Update the sign "Cupertino Sports Center" off the street and put the swim school sign side by side with the original sign. 9.4. Grant permission for the proposed tenant to put a sign on the front trim of the pool facility. 9.5. Hold a grant opening ceremony with the mayor and the recreational manager's attendance. 10. Business Operation We set our own prices based on the market demand and the types of the aquatic programs offered. The tenant reserves all rights to operate the swim school for profit in any legal and ethical ways without the intervention or interference from the city. The same operating hours as of now shall be permitted for the new tenant: from 6:30am to 9:30pm. The parking will be permitted to share and park on the parking lot of the Cupertino Sports Center without additional parking fees or permits charged to us or to our clienls. Permission to sell swim-ware and soft drinks (non-alcohol). Permission for snack and soft drink vending machines. Freedom to determine and hire best qualified coaches, instructors and other employees under equal opportunilies. Time is of essence. The city is responsible of reviewing the project documents, making approvals, and inspecting the constructions on a timely basis. 11. Risk Management and Insurances The hazardous insurance to cover the damages such as fires will be responsibility of the landlord. However, the tenant must carry a general business liability insurances. Prior to the start of its swim program, lhe swim school must provide to the landlord a proof of insurance 10 cover its general liability for its swimming instructional activities. The limit of the insurance coverage shall be $1,000,000 per occurrences and $2,000,000 aggregate. The insurance certificate must name the property owner of the City of Cupertino, their officers and employees as "additional insured". 12. License Fees and Taxes The property tax of the pool facility, if any, is responsibility of the landlord, the City of Cupertino. The sale taxes of any swim-ware items and soft drinks will be the responsibility of the tenant. The business income taxes and license fees are also lhe responsibilities of lhe tenant. [I-J)... California Dolphin Swim School Page 6 Business Proposal Version 2.1 13. Appendix - Resumes Resumes - Xiaohona Wana MAJOR ACHIEVEMENTS · 200M Butterfly Silver Medal at Olympic Games in Spain · 100M & 200M Butterfly Champions at World Cup Final · Butterfly Gold Medals and Record Times at Asia Games · Butterfly National Record Times and Champions in China 1992 1991 1990 1987-1992 CERTIFICATES AND STATUS · American Swimming Coach Association - Level 4 Coach Certificate (Top level is 5). · Red Cross Certificates: Water Safety Training, Child CPR, and First Aid. · USA Swimming - Pacific Region: Member Coach. · USA Citizen. COACHING EXPERIENCES CA Dolphin Swim School, Bay Area, CA 2003 - Present Co-founder, Head Coach · Co-founded this private swim school, offering swim lessons currently on weekends basis. · Design swimming instruction procedures, coaching guidelines and grading standards. · Responsible for coaching swimmers from 5-18 as well as training coach staff. · Coached 300+ swimmers at various levels on standard classes or in private classes. · Organized internal swimming meets, evaluating and testing swimmers' swimming skills. San Jose Aquatic Club, San Jose, CA 1999 - 2000 Senior Group Coach, coached 30+ competitive senior swimmers in daily training and meets. Carson Aquatic Club Carson City, NV 1995 -1998 Head Coach, Responsible of designing effective general training plans. · Built up coaching leam and coached over 120 swimmers aging from 51019.. · One of the coached swimmers made USA Olympic trial and won national champions. EDUCATION Swim Coach National Clinics at Napa, CA Bachelor's in PE at Nanjing Institute of Physical Education Continued Education in Computer Sciences at UNR Conlinued Education in Communication at UNLV 1995 -1998 1985 - 1990 1997 - 1998 1994 - 1995 IT EXPERIENCES Software QA engineer: LSI Logic - Milpitas, CA Lucent Technologies - Alameda, CA Microsoft - Mountain View, CA 2003 - Present 2001 - 2003 2000 - 2001 /1-J3 California Dolphin Swim School Page 7 Business Proposal Version 2.1 Resume - Joseph He PROFESSIONAL EXPERIENCES CA DOLPHIN SWIM SCHOOL, Union City, CA 2003 to Present Co-founder, President Responsible for strategic business planning, business development, pool rental, emollment, registration, insurance, marketing, accounting, and IT system. Successfully grew the in-school students from zero to over 300. RE/MAX & ZipRealty Fremont & Emeryville, CA 2004 to Present CA-Licensed Realtor, Sales Consultant · Close as many as five transactions per months including a commercial building. · Honored with Certificates of Excellence and Rookie of the Quarter. SINOMAS PAYMENT (startups, Co-founder) 2002 to 2003 · Establish product architecture, entry strategy and roadmap. · Engaged with prospect customers to validate customer needs. · Conducted market research. Made competitive and ROI analysis for business plan. CYBERSOURCE, Mountain View, CA 2000 to 2002 Senior Engineering Manager CyberSource is a online payment and fraud service provider for Fortune 2000 merchants. · Responsible for Intemet Payment & E-Commerce Server systems and teams, generating over $ 10M annual revenues, processing one million transactions per day. MANAGEMARK, Sunnyvale, CA 1998 to 2000 Engineering Manager Managemark, a spin-off Jrom Intuit, was a producer oj B2B financial web applications Jor corporations and e-businesses using the Application Service Provider (ASP) model. · Managed engineering teams to enhance the award-winning Quicken ExpensAble, contributing to quality shipments of two million copies of the software. GE POWER SYSTEMS - BENTL Y NEVADA CORP 1994 to 1998 Project Team Lead, Minden, NY Managed engineering groups located in USA and India to design the industrial data acquisition, which generated millions in sales, experiencing with the entire software life cycle with best practices and ISO-9000 quality standards in this Fortune 500 company. TRAININGS AND STATUS · The Aquatic CEO Seminar. Colorado Springs, CO April, 2005 · National Build-A-Pool Conference. Colorado Springs, CO April, 2005 -- A national conference organized and sponsored by USA Swimming for swimming facility development. · USA Citizen. EDUCATION Master in Business Administration, University of Nevada Reno Master in Computer Science, University of Nevada Reno Bachelor in Computer Engineering, Beijing Institute of Technology Dec 1997 Aug 1991 July 1982 (I~ ]~ California Dolphin Swim School Page 8 Dolphin Swim Club Duration 154 days 13 days o days 2 days 54 days 2Od8.yS -- 0 daYs 5days 60 days -11.17.05 "'" Rev 0 Fob Pool House ADA Upgrade - - 12006 Oct Nov Dee Jan tTj ;.<: ::r' _. Ç) _. ...... IJj J"' ~3121 Iillh. .""'" .......:- ..... :~216 ~~ A"'" ,..1II2tII06 Men 1215105 Tue-1218105 Wed f2ñms Tue 2/21106 Tue3l21m6 -Tue-3fiilO6 ,...3128106 - TiJe-tV2ö,;j8- SIart Thu 11/17105' Thu 11/17/05 Tue1216105 Tue1216J05 Thu1218105 wed 2122106 Tue 3121iõ6" Wed 3122106 I WeiJ 3I29iö6: -- Task Name Pool House ADA Upgrade Evaluate Pool Cover Anchor Sys Council Approval Order Pool Cover fer AprIl Install" Bath House Design Bid· Balh House ëonstnJctlon Docs Award ConstructIon Contract Contr.adExeartion ConsIructIõo r--- p- ~ ì tA.J ~