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AIRPORT HANGAR RENTAL AGREEMENT This airport hangar rental agreement ("Agreement") is made and entered into this 22"a Day of March 2024 ("Effective Date"), by and between the City of Redlands, a municipal corporation ("City"), and Ray Quinto ("Tenant"). City and Tenant are sometimes individually referred to herein as a "Party" and, together, as the "Parties." 1. PREMISES. City hereby rents to Tenant, and Tenant hereby rents from City, that certain hangar designated as Coyote Hangar No. N7 the "Premises"), located at the Redlands Municipal Airport ("Airport"), and more particularly described in Exhibit "A" attached hereto and incorporated by this reference. This Agreement for rental of the Premises is for the principal purpose of a non- commercial, primarily aircraft storage, maintenance, repair and any incidental aviation related uses associated therewith. The Tenant's aircraft is identified as 1965 Piper PA-32-260 "N3338W" and any identical aviation related uses associated. therewith. 2. TERM. The term of this Agreement shall be month -to -month commencing on the Effective Date, and in no event shall exceed two (2) years. 3. CONSIDERATION. 3_1 Monthly Rental Payments. Tenant shall pay to City on or before the 15th day of each month during the term of this Agreement as monthly rent, without deduction, setoff or demand, the sum of four hundred sixty-three dollars ($463). An initial tent payment in the amount of $617 shall be due upon execution of this Agreement which shall include the period from the Effective Date of this Agreement through the end of the following month. A late fee shall be levied in the amount of ten percent (10%) of the amount due for any amount not received by the date such rent is due. The City will increase rent annually, the 1" of January each calendar year, based on percentage increase in the Consumer Price Index, all urban consumers, Riverside -San Bernardino -Ontario. 3.2 Manner of Payment of Rent. Monthly rent for any partial month shall be prorated at the rate of 1/30th of the monthly rent per day. The monthly rent and any applicable late charges payable by Tenant hereunder shall be paid by Tenant without notice, demand or offset at the office of the Airport Manager at the Airport, or at such other place as may from time to time be designated by City. 3.3 Taxes and Assessments. 3.3.1 Obligption to Pay. Tenant is responsible for and shall pay all real and personal property. taxes (including any tax levied on a possessory interest, as defined in. California Revenue and Taxation Code Section 107 or successor statute, if applicable), general and special assessments, and other charges of every description, levied on or assessed against the Premises, personal property located on the land or improvements, the leasehold estate, or any subleasehold estate, falling due during the term of this Agreement. It shall be conclusively presumed that any aircraft stored at the Premises pursuant to this Agreement shall be considered "habitually situated" therein as that teen is defused in Revenue and Taxation Code section 5362. 'tenant shall make all such payments directly to the assessing authority, before delinquency and before any fine, interest or penalty shall become due or be imposed by operation of law for their nonpayment. 3.3.2 Proration for Partial. Year. Any imposition of taxes referred to in Section 3.3.1 above relating to a fiscal period of a taxing authority, a part of which period is included within the term of this Agreement and a part of which is included in a period of time before the Effective Date or after the termination of this Agreement, shall be paid by Tenant as above but shall be prorated with City. 3.3.3 Tenant's Right to Contest. Tenant may contest the legal validity or amount of any