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Therefore, in consideration of the promises, covenants and agreements hereinafter set forth, and <br />subject to the terms, conditions and provisions of this ASA, the Parties agree as follows: <br />Consideration <br />a. City agrees to pay Tenant, in accordance with the disbursement schedule <br />referenced in section 1(c}(d)(e)&(f), below, the total sum of NINETY SIX <br />THOUSAND, SIX HUNDRED NINETY SIX AND NO/100 DOLLARS <br />($96,696.00) as compensation for relocation assistance and/or other relocation <br />benefits to which Tenant may be entitled, and any and all loss of business <br />goodwill, leasehold interests, personal property, improvements pertaining to realty, <br />bonus value, severance damages, and any and all other damages to which <br />Tenants may be entitled as a result of City's acquisition of the Acquired Property <br />for the Project. <br />b. Tenant hereby agrees to assign certain payments under this ASA to Landlord to be <br />used exclusively for construction and installation of certain tenant improvements <br />and trade fixtures within Tenant's individual unit within Replacement Structure. <br />The total amount of this assignment is SIXTY NINE THOUSAND, SEVEN <br />HUNDRED FIFTY DOLLARS AND NO/100 ($69,750.00). In exchange for <br />such assignment, Landlord will be obligated to provide the following improvements <br />within Tenant's Replacement Structure space: HVAC, lights, T Bar ceiling, <br />insulation at ceiling, standard number of electrical outlets, carpet and base, one <br />bathroom that meets Americans with Disabilities Act standards, phone jacks in <br />number sufficient to operate Tenant's current equipment, finish painted interior <br />walls, interior framing and drywall, interior doors, and soft costs such as <br />contingency, builder overhead and profit, zoning and associated permit fees and <br />architectural and engineering fees. <br />Tenant is responsible for payment for the move of the personal property, <br />disconnection, move, reconnection and reinstallation of all fixtures and equipment, <br />installation of telephone system, any electrical requirements in addition to standard <br />electrical service, and any associated permit fees <br />c. Upon execution of this ASA and an executed lease between Tenant and Landlord <br />for Replacement Structure, City will process an initial payment to Tenant in the <br />amount of SIX THOUSAND SEVEN HUNDRED THIRTY SIX DOLLARS <br />AND 50/100 ($6,736.50) and to Landlord in the amount of SEVENTEEN <br />THOUSAND FOUR HUNDRED THIRTY SEVEN DOLLARS AND 50/100 <br />($17,437.50). <br />d. Upon notification and verification that architectural plans for the Replacement <br />Structure have been approved by the City Building Department, City will process <br />a second payment to Tenant in the amount of SIX THOUSAND SEVEN <br />HUNDRED THIRTY SIX DOLLARS AND 50/100 ($6,736.50) and to <br />Landlord in the amount of SEVENTEEN THOUSAND FOUR HUNDRED <br />THIRTY SEVEN DOLLARS AND 50/100 ($17,437.50). <br />Acquisition Settlement Agreement <br />Page 2 of 8 <br />25Q-21 <br />