Laserfiche WebLink
<br />charge equal to six percent (6%) of the then-current monthly rent. Rental amounts attributable to partial <br />months shall be prorated on a daily basis. All Rent and Deposit monies shall be deposited according to the <br />directions outlined in Exhibit "G". <br /> <br />5. ANNUAL RENTAL INCREASES. The rent payments shall be subject to an annual <br />rental increase of four percent (4%) per year, to be increased on each anniversary of the Commencement <br />Date. <br /> <br />6, DEPOSIT, In recognition that the Commencement Date may not occur concurrent with <br />the execution of this Agreement by all parties, LESSEE hereby agrees to pay to the LESSOR upon <br />LESSEE'S execution of this Agreement, a one-time, non-recurring, non-refundable payment equal to one <br />(I) month's rent. <br /> <br />7. EXTENSIONS. LESSEE is granted options to extend this Agreement for up to three (3) <br />additional five-year (5) terms (each a "Renewal Term"). Each Renewal Term shall bt; 0" the same terms <br />and conditions as set forth herein and subject to th", "l'Proval of the City Manager :md EA'~( utive Director <br />of Parks Recreation and Community Services as follows: after the expiration of the origil1al term, LESSOR <br />reserves the right to deny any such extension, by providing no less than six (6) months prior written notice <br />before the extended term ends, if the LESSOR determines, in its reasonable discretion that LESSEE's <br />continued tenancy would not be in conformity with the LESSOR's intended use of its Property at such <br />time. LESSEE may decline its option to renew at the end of the then-current term by giving LESSOR <br />written notice of the intent to terminate at least thirty (30) days prior to the end of the then current term, <br /> <br />8. GOVERNMENTAL APPROVALS. It is understood and agreed that LESSEE's ability <br />to use the Premises is contingent upon its obtaining all of the certificates, permits and other approvals <br />(collectively the "Governmental Approvals") that may be required by any Federal, State or local authorities <br />as well as satisfactory soil boring tests which will permit LESSEE's use of the Premises as set forth herein, <br />LESSOR shall cooperate with LESSEE in its effort to obtain such approvals and shall take no action, which <br />would adversely affect the status of the Property with respect to the proposed use by LESSEE. <br /> <br />Prior to the Commencement Date, LESSEE shall have the right (but not the obligation) to enter <br />the Premises for the purpose of making necessary inspections and engineering surveys (and soil tests where <br />applicable) and other reasonably necessary tests (collectively "Tests") to determine the suitability of the <br />Premises for LESSEE's Facilities (as defined below and in Exhibit D, attached hereto) and for the purpose <br />of preparing for the construction of LESSEE's Facilities. In the event that any of such applications for such <br />Governmental Approvals should be finally rejected or any Governmental Approval issued to LESSEE is <br />canceled, expires, lapses, or is otherwise withdrawn or terminated by the governmental authority or soil <br />boring tests are found to be unsatisfactory so that LESSEE will be unable to use the Premises for its <br />intended purposes or LESSEE determines that the Premises is no longer technically compatible for its <br />intended use, LESSEE shall have the right to terminate this Agreement. Notice of LESSEE's exercise of <br />its right to terminate shall be given to LESSOR in writing by certified mail, return receipt requested, and <br />shall be effective upon the mailing of such notice by LESSEE. All rentals paid to said termination date <br />shall be retained by the LESSOR. Upon such termination, this Agreement shall become null and void and <br />all the Parties shall have no further obligations including the payment of money, to each other. <br /> <br />9. APPROVAL OF PLANS. Prior to commencing construction of LESSEE's Facilities <br />(defined below), LESSEE shall obtain LESSOR's approval of LESSEE's work plans, which approval shall <br />not be unreasonably withheld, conditioned, or delayed; such approval shall be issued by the Executive <br />Director of the Parks, Recreation and Community Services Agency or his/her designee. LESSOR shall <br />give such approval or provide LESSEE with its requests for changes, which changes must comply with all <br />applicable building codes, in writing within fifteen (IS) working days of LESSOR's receipt of LESSEE's <br />work plans. If LESSEE does not receive such approval or request for changes in writing within such <br />fifteen (IS) working day period, LESSOR shall be deemed to have approved the plans. LESSOR shall not <br />be entitled to receive any additional consideration in exchange for giving its approval of LESSEE's plans. <br /> <br />Site No: LA2825A <br />Site Address: 2302 % Raitt Street, Santa Ana, CA 92704 <br /> <br />Page 2 of 24 <br />