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20A - AA - LEASE AGMT AT JEROME PARK
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10/01/2012
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20A - AA - LEASE AGMT AT JEROME PARK
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9/27/2012 5:32:48 PM
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9/27/2012 5:32:26 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Parks, Recreation, & Community Services
Item #
20A
Date
10/1/2012
Destruction Year
2017
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casualty excepted. Underground conduits, foundations and equipment/storage buildings may <br />remain at LESSEE's option. LESSOR agrees and acknowledges that all of the equipment, <br />fixtures and personal property of LESSEE shall remain the personal property of LESSEE and <br />LESSEE shall have the right to remove the same, whether or not said items are considered <br />fixtures and attachments to real property under applicable law. If such time for removal causes <br />LESSEE to remain on the Premises past the aforementioned ninety (90) day period after the <br />expiration or earlier termination of this Agreement, LESSEE shall pay rent at the then-existing <br />monthly rate or on the existing monthly pro-rata basis if based upon a longer payment term, until <br />such time as the removal of the building, fixtures and all personal property are completed. <br />15. RECORDING AND QUITCLAIM DEED. If requested by LESSEE, LESSOR <br />agrees promptly to execute and deliver to LESSEE a recordable Memorandum of this Land Lease <br />Agreement in the form of Exhibit "F". LESSEE agrees to execute and record a quitclaim deed or <br />other instrument evidencing the termination of LESSEE's interest in the Property within thirty <br />(30) days following LESSEE's receipt of written notice delivered by LESSOR to LESSE'_-- after <br />the expiration or termination of this Agreement. <br />16. RIGHTS UPON SALE. Should LESSOR, at any time during the term of this <br />Agreement, decide to sell all or any part of the Property to a purchaser other than LESSEE, such <br />sale shall be under and subject to this Agreement and LESSEE's rights hereunder, and any sale <br />by LESSOR of the portion of this Property underlying the right-of-way herein granted shall be <br />under and subject to the right of LESSEE in and to such right-of-way. As a condition to <br />LESSEE's agreement to subordinate this Agreement, LESSOR shall obtain for the benefit of <br />LESSEE a reasonable non-disturbance agreement from the present and any future mortgagee(s) <br />or holder(s) of a deed of trust confirming that LESSEE's right to quiet possession of the Premises <br />during this Agreement shall not be disturbed, so long as LESSEE is not then in default beyond <br />any applicable cure period under this Agreement. <br />17. QUIET ENJOYMENT. LESSOR covenants that LESSEE, on paying the rent <br />and performing the covenants shall peaceably and quietly have, hold and enjoy the Premises, <br />provided however, that LESSOR shall have the right and privilege to conduct City Business on <br />the Property, as necessary. "City Business" shall include, but not be limited to the following: <br />minor maintenance, minor landscaping, minor construction, concessionaires, and City sponsored <br />events, located near the Premises, so long as the City Business does not interfere with or impair <br />the operation of LESSEE's Facilities or LESSEE's access to the Premises. <br />18. TITLE. LESSOR covenants that LESSOR is seized of good and sufficient title <br />and interest to the Property and has full authority to enter into and execute this Agreement. <br />LESSOR further covenants that there are no other liens, judgments or impediments of title on the <br />Property or affecting LESSOR's title to the same and that there are no covenants, easements or <br />restrictions which prevent the use of the Premises by LESSEE as set forth above. <br />19. NO LIENS. LESSEE will not permit any mechanics' or materialmen's liens on <br />the Property for any labor or material furnished to LESSEE in connection with work performed <br />with respect thereto. LESSEE shall have the right to contest the validity, nature, or amount of <br />any such lien but, upon the final determination of such questions, shall immediately pay any <br />adverse judgment rendered with all proper costs and charges and have the lien released at its own <br />expense. If LESSEE desires to contest any such lien, then prior to commencing such contest, it <br />will post a bond, where necessary, to release the lien. <br />#41182112 7 <br />Jerome Park <br />20A-9
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