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<br />c. 100 non-dedicated parking spaces. <br /> <br />2. Term. The teml of this Lease shall commence as of the date of the Certificate of <br />Completion, as that term is defined in section 314 of the DDA, and shall continue for a <br />period of twenty five (25) years with two (2) ten (10) year mutual options to renew at the <br />then current market rates but not less than the original lease agreement per space. <br />Exercise of an option is subject to both parties consent in writing. <br /> <br />3. Conditions of Use. <br /> <br />a. During the term of the parking lease, Sycamore shall undertake technical means, <br />approved by the Agency, which approvai shall not be unreasonably withheld, conditioned or <br />delayed, to ensure that the 100 non-dedicated spaces are available during all hours of operation of <br />the parking garage, a minimum of 6:00 a.m. to 6:00 p.m. Monday through Friday, such as a <br />computerized system to advise the operator to take no more visitor parking into the parking <br />garage. <br /> <br />Prior to full-time occupancy of the YMCA building all or part of the ISO parking spaces <br />may be sublet by the Agency to any person or business. Prior to executing any parking sublease, <br />--the Agency shall advise Sycamore, in writing of the terms and conditions of the proposed sub~ <br />let. Sycamore shall have ten (10) business days to advise Agency in writing if Sycamore <br />believes that the proposed sublease is less than the average monthly lease that the Sycamore is, <br />as of the date of notice, receiving for spaces in the parking garage.. If Agency, concludes that it <br />disagrees with Sycamore purported average monthly lease rate and that its proposed sub-lease is <br />still appropriate, then Sycamore shall have ten (10) days from the Agency's written notice to <br />agree to lease the spaces to be sublet from the Agency at the rate it contends is the average <br />monthly lease rate for the same period, and under all other terms, as the Agency proposed <br />sublease. If Agency's sublease rates exceeds $100 per month per space, then Agency shall share <br />the actual proceeds of the sublease which exceeds $100 per month per space with Sycamore on <br />a 50-50 basis. <br /> <br />b. Sycamore and Agency agree that this lease of 150 parking spaces is fully <br />assignable to any occupant of the YMCA building without further approval or consent of <br />Sycamore. In addition, the Agency may at any time sublease all or part of its 150 spaces for. <br />City employees. Any other assignment shall be subject to approval in writing by Sycamore, <br />which shall not be unreasonably withheld. If the lease is not assigned or sublet, the parties <br />hereto acknowledge and agree that the Agency may not, under current iaw, continue to exist <br />beyond the month of June 2023; however, it is the parties intent that this Lease shall be. .' <br />interpreted to be for a twenty-five (25) year term to the full extent permitted by law. <br /> <br />.",::~ <br /> <br />c. Should Sycamore receive five (5) verifiable written complaints in any thirty (30) <br />day period that the 100 non-dedicated spaces are not available during normal operating hours to <br />any sub lessee or Agency user, which written complaints are not addressed by Sycamore to the <br />reasonable satisfaction of the Agency's Executive Director within ten (10) days of transmittal to <br /> <br />2 <br /> <br />J <br />