My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
BOWERS MUSEUM - 2005 GROUND LEASE
Clerk
>
Contracts / Agreements
>
B
>
BOWERS MUSEUM - 2005 GROUND LEASE
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
9/11/2024 4:23:45 PM
Creation date
12/30/2005 4:59:12 PM
Metadata
Fields
Template:
Contracts
Company Name
Bowers, Charles W. Museum Corporation
Contract #
A-2005-258
Council Approval Date
9/6/2005
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
21
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />or expiration date of this Lease, the pro rated portion of the installment payment <br />applicable to the overlapping portion of the Lease Term. <br /> <br />4.3 Tax Contests. Either Lessee or Lessor may contest the validity or amount (including the <br />assessed valuation upon the Leased Premises) of any Imposition for which either is <br />responsible in whole or in part, and which such party in good faith believes is excessive, <br />improper or invalid. If in such event Lessee or Lessor desires to contest the validity or <br />amount of any Imposition, it shall give written notice to the other party of its intent to <br />contest such Imposition, and the parties shall cooperate with one another in good faith in <br />connection with any such tax contest, but the party who gives notice that it intends to <br />initiate such tax contest shall diligently prosecute such contest at its sole cost and <br />expense; provided, however, if Lessor initiates the tax contest, and as a result of the <br />successful outcome thereof, the amount of such Imposition Lessee is required to pay <br />hereunder is reduced, Lessee shall promptly upon such determination reimburse Lessor <br />for Lessor's costs and expenses incurred in such tax contest up to the total amount of <br />reductions to Lessee in the amount of its Imposition obligation. In the event of a tax <br />contest, Lessee shall continue to pay such Imposition without deferral or interruption, but <br />shall do so under protest to the applicable taxing authority. In no event shall payment of <br />any Imposition be deferred due to such tax contest unless Lessor consents thereto in <br />writing, in its sole discretion, and then only on such conditions as Lessor may require. <br />Each party agrees to join at the other's request in any such contest to the extent such <br />joinder is prerequisite to such prosecution under statute, regulation or administrative <br />practice. <br /> <br />In connection with a judicial or administrative challenge to any assessment, Lessee may <br />not take advantage of any stay in collection available under statute, regulation, or court or <br />administrative order or rules unless Lessor consents thereto in writing, in its sole <br />discretion. If Lessor does grant such consent, however, (i) Lessee shall not allow such <br />items to remain unpaid beyond the period of any stay in collection permitted by <br />applicable law or administrative order or rule nor for such length of time as shall permit <br />the Leased Premises, or any part thereof or any improvements thereon, to be subjected to <br />a lien for delinquent taxes or a levy for sale by any governmental authority for the <br />nonpayment of the same, and (ii) Lessee shall pay the amount of all deferred Imposition <br />payments, together with the penalties, interest and expenses associated with such contest, <br />on the earlier of (x) the date payment is required under item (i) above, (y) the date this <br />Lease terminates, or (z) the date thirty (30) days after such tax contest is finally <br />determined. <br /> <br />4.4 Utilities. Lessee shall payor cause to be paid when due all charges for gas, electricity, <br />light, heat or power, water and sewer, telephone and other communication services and <br />utilities used, rendered or supplied upon or in connection with the Leased Premises, <br />levied or charged against the Leased Premises during the Lease Term. <br /> <br />4.5 Other Taxes. To the extent that Lessee is not exempt due to its not-for-profit or federal <br />instrumentality status, Lessee shall also pay when due all license fees, taxes and <br />governmental impositions of whatever kind or nature imposed with respect to Lessee's <br />business conducted on the Leased Premises or with respect to any and all of Lessee's <br /> <br />7 <br />
The URL can be used to link to this page
Your browser does not support the video tag.