106 STAT. 2614 PUBLIC LAW 102-484—OCT. 23, 1992 Pacific Railroad Company (in this subsection referred to as the "Company") not more than 15 acres of real property, together with improvements thereon, located at the Naval Supply Center, Otikland, California. (2) The lease authorized in paragraph (1) shall— (A) be for an initial period of not more than 25 years; (B) contain an option for the Company to extend the lease for an additional period of not more than 25 years; and (C) contain the restriction that the Company use the leased property only for freight transportation purposes. (3)(A) As consideration for the lease of the real property under paragraph (1), the Company— (i) shall pay to the Navy the long-term fair market rental value of the leased property; and (ii) may be required to furnish additional consideration as provided in subparagraph (B). (B) The Secretary may require that the lease include a provision for the Company— (i) to pay the Navy an amount (as determined by the Secretary) for the costs of replacing at the Naval Supply Center, Oakland, California, the facilities vacated by the Navy on the leased property or to construct the replacement facilities for the Navy; and (ii) to pay the Navy an amount (as so determined) for the costs of relocating Navy operations from the vacated facilities to the replacement facilities. (4)(A) Section 2667(d) of title 10, United States Code, shall apply to amounts paid under paragraph (SXAXi)- (B) The Secretary may use amounts received under paragraph (3)(B) to pay for constructing new facilities, or making modifications to existing facilities, that are necessary to replace facilities vacated by the Navy on the leased property and for relocating operations of the Navy from the vacated facilities to the replacement facilities. (5) The Secretary may authorize the Company to demolish existing facilities on the leased property and, consistent with the restriction required by paragraph (2)(C), construct new facilities on the property for the use of the Company. (b) LEASE AUTHORIZED WITH CITY OR PORT OF OAKLAND.— (1) The Secretary of the Navy may lease to the City of Oakland, California, or the Port of Oakland, California (in this subsection referred to as the "City" and the "Port", respectively), not more than 195 acres of real property, together with improvements thereon, located at the Naval Supply Center, Oakland, California. (2) The lease authorized under paragraph (1) shall— (A) be for a term of not more than 50 years; and (B) shall contain the restriction that the City or the Port (as the case may be) use the leased property in a manner consistent with >favy operations conducted at the Naval Supply Center. (3)(A) As consideration for the lease of the real property under paragraph (1), the City or the Port (as the case may be)— (i) shall pay to the Navy the long-term fair market rental value of the leased property; and (ii) may be required to furnish additional consideration as provided in subparagraph (B). (B) The Secretary may require that the lease include a provision for the City or the Port (as the case may be)—
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