San Diego Zoo and the city agree to a 52-year lease extension. Here’s what’s in the proposed deal.

San Diego and its world-famous zoo have negotiated a 52-year extension of their lease that includes a new $3 million annual payment to the city and an equal split of parking revenue.

The proposed extension, which is scheduled for a City Council vote Monday, is being characterized by city and zoo officials as a major step forward for both.

The city would be projected to receive more than $330 million in combined annual payments and revenue-sharing between now and when the extended lease would expire in July 2078. That total includes an annual 3% escalator that would begin in 2030.

The zoo, whose current 55-year lease is set to expire in July 2034, would get certainty about the future that officials say is needed to keep investing in the zoo’s animals and employees.

The proposed extension is likely to face intense scrutiny by the council. Recent city audits have criticized the city’s handling of leases.

A city staff report summarizing the lease makes no reference to any outside appraisal of the property, which often happens during city lease negotiations.

It’s not clear whether the city’s independent budget analyst, who works for the council, will have time to analyze the proposal before Monday’s planned council vote.

The extension was unanimously approved by the b...