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AKOBOFF, CHARLIE-1989
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AKOBOFF, CHARLIE-1989
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Last modified
12/4/2014 9:37:34 AM
Creation date
12/4/2014 9:35:46 AM
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Contracts
Company Name
AKOBOFF, CHARLIE
Contract #
A-1989-037
Agency
Community Development
Council Approval Date
6/5/1989
Expiration Date
6/1/1994
Insurance Exp Date
5/27/1990
Destruction Year
1998
Notes
%(Lookup1_AMENDS)
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(a) The rent payable for the first month of the initial <br />term of this Lease shall be multiplied by a fraction the numerator of which <br />shall be the Consumer Price Index of the Bureau of Labor Statistics of the <br />U.S. Department of Labor for Urban Wage Earners and Clerical Workers, <br />Los Angeles - Anaheim - Riverside, California "C.P.I." (1967-100) of the <br />calendar month during which the conditional option period is approved by the <br />City and actually commences and the denominator of which shall be the C.P.I. <br />for the month in which the original Lease term commenced. The sum calculated <br />shall constitute the new monthly rent during the option period, but, in no <br />event, shall such new monthly rent be less than the rent payable for the month <br />immediately preceding the commencement of the option period. <br />(b) In the event the compilation and/or publication of <br />the C.P.I. shall be transferred to any other governmental department or bureau <br />or agency or shall be discontinued, then the index most nearly the same as the <br />C.P.I. shall be used to make such calculation. In the event that City and <br />Lessee cannot agree on such alternative index, then the matter shall be <br />submitted for decision to the American Arbitration Association in accordance <br />with the then rules of said association and the decision of the arbitrators <br />shall be binding upon the parties. The cost of said Arbitrators shall be paid <br />equally by City and Lessee. <br />4. <br />
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