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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 />1. 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 ONE HUNDRED
<br />FOURTEEN THOUSAND, FOUR HUNDRED SIXTY SIX AND NO/100
<br />DOLLARS ($114,466.00) as compensation for relocation assistance and/or
<br />other relocation benefits to which Tenant may be entitled, and any and all loss
<br />of business goodwill, leasehold interests, personal property, improvements
<br />pertaining to realty, bonus value, severance damages, and any and all other
<br />damages to which Tenants may be entitled as a result of City's acquisition of the
<br />Acquired Property 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 SEVENTY TWO THOUSAND, NINE
<br />HUNDRED FIFTY DOLLARS AND NO/100 ($72,950.00). 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, flooring, one bathroom
<br />that meets Americans with Disabilities Act standards, phone jacks in number
<br />sufficient to operate Tenant's current equipment, finish painted interior walls,
<br />concrete cutting and patching, plumbing for hand and floor sink, interior framing
<br />and drywall, interior doors, and soft costs such as contingency, builder overhead
<br />and profit, zoning and associated permit fees and 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 />including walk in cooler, reinstallation of racks and displays, installation of
<br />telephone system, any electrical requirements in addition to standard electrical
<br />service, flooring and base, roof support and repair work for walk in cooler and
<br />compressor, 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 TEN THOUSAND, THREE HUNDRED SEVENTY NINE
<br />DOLLARS AND 00/100 ($10,379.00) and to Landlord in the amount of
<br />EIGHTEEN THOUSAND TWO HUNDRED THIl2TY SEVEN DOLLARS
<br />AND 50/100 ($18,237.50).
<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 TEN THOUSAND, THREE
<br />HUNDRED SEVENTY NINE DOLLARS AND 00/100 ($10,379.00) and to
<br />Acquisition Settlement Agreement
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