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25G - OFFICE SPACE AT DEPOT
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10/03/2005
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25G - OFFICE SPACE AT DEPOT
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Last modified
1/3/2012 4:51:23 PM
Creation date
9/28/2005 8:41:52 AM
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City Clerk
Doc Type
Agenda Packet
Item #
25G
Date
10/3/2005
Destruction Year
2010
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<br />" <br /> <br />Rent <br /> <br />" . <br /> <br />~ '. <br /> <br />4. Rental shall be paid by the State in arrears on the last day of each month during said term as follows: <br /> <br />!!o/-r <br /> <br />Sl~ T~ <br />SIX THOUSAND ffi6tt'f'HUNDRED SfK'rV -12TG.J.HO AND NOll 00 DOLLARS <br />( 1/ r;, ~ I 0 ~) +$~68.e8) from August L 2005 through Julv 3 L 2006. then: <br /> <br />Six &i!;!;,Nv/)drt,I ~&vt'1 <br />~THOUSAND PJo..TTY FOU ANlJ"NOIlOO DOLLARS <br />(i 6 82-0 f1J ~':l.Q71.,ee)fr....o..m A..U.....g..u... st.I.....2....0.. O.~....~liI"o.u.. ~h.J.U.lV.......3....1....2......0...0.'7... ..th..... e.......~..:... <br />....... '~;..~<>........... .......... . <br />SEVEN THOUSAND RT.'O 1m D EiGHTY ,)IxANnN~;l()b DOLLARS <br /> <br />(# ~ 030 .~~~~~'~~~>~;,A~~" lj2q~:!~O,"~~tl:~I~~OO:: th'f~,'rrt <br /> <br />SEVEN THOUSANDi~~HUNDREn~~ANDNO/IOO DcmLARS .~" <br />(fJ *..2-. .~O.?i($...7...... jQ1.Q...9)fro..rnAUgUst 1,2008 through {~lv 3 L 2?09. the;; ...... . ".>'<..> .' <br /> <br />. .' . . .... h.Ur . r:07%f;/'J~. ,.' .j' <br />, .' SEVEN THOUSAND ~ HUNDRED TIll _ _ AND NOll 00 DOLLARS> <br />(f1-i.."-ICj~)$'7:1)8.80) from August L 2009 through Jul~ 31. 201O./}j'jj'i>\ <br /> <br />. . <br />. ..,;':::: . ,'. . . .....;::-_---i:::~.:;:::-;': _ _ _ ----:.:::::."' i .':':}::-:-:.->' -'.- ". ..--: <br />Rental payable hereunder for any period of time less than one mtmth shall be determined by prorating the <br />monthly rental herein specified based on the actual number of days in the month. . Rental shall be paid to Lessor at the <br />address specified in Paragraph 5 or to such other address as the Lessor may designate by a notice in, writing. If the <br />premises are not complete pursuant to Paragraph 6 by the date shown iIi Paragraph 2, it IS understood and agreed by <br />and betweenth6 parties that, at the State's sole option, the dates shown in Paragraphs 2 and 3 and the. dates. and dollar' <br />amounts shown in Paragraph 4 may be adjusted to the first of the month following the State's acceptance of the <br />completed premises, such acceptance shall not unreasonably be withheld., If the State exercises this option, it is agreed <br />the State wjl1 complete unilaterally an amendpent to the. lease to revise the herein above sta.ted dates. . Any accrued <br />rents for the period of time prior to the unilaterally adjusted commencement date will be paid in accordance with <br />Paragraph 8. Additionally, it is understood and agreed between the parties that, atthe State's option, the dates shown <br />in the "CPI Escalator Operating Expenses" paragraph, if incorporated herein, shaH be adjusted to reflect the time delay <br />between lease commencement and the first of the month following the actual acceptance date. In the event this lease <br />agreement contains a provision granting the State an Option to Purchase the premises, it is further agreed herein by the <br />parties that, notwithstanding the provision of the Option' to Purchase par\igraph herein, the effective dates and <br />corresponding purchase option prices of said Option to Purchase shaH be adjusted consistent with any adjustment to <br />the lease commencement date, as stated above, which initial purchase option date shall in no event be less than <br />twenty-four (24) months nor more than thirty-six (36) months from the "adjusted" corhmencement date. Said <br />"adjusted" purchase option dates shaH be established consistent herewith and incorporated into said lease with a <br />unilateral amendment by the State. <br /> <br />~ <br /> <br />25G-4 <br /> <br />Page-2 <br />
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