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20A - AA SEASON BUS SERVCE
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20A - AA SEASON BUS SERVCE
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Last modified
11/30/2017 5:55:16 PM
Creation date
11/30/2017 7:30:02 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
20A
Date
12/5/2017
Destruction Year
2022
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4. ADDITIONAL LEASE CONDITIONS: Tenant acknowledges that this lease is subject <br />to compliance with the additional lease conditions attached hereto as Exhibit B. These additional <br />lease conditions are a material part of this lease agreement and any default of these conditions <br />will be deemed a major breach and will subject this lease to immediate termination. <br />5. EXTENSION PERIODS: Landlord shall have the right, but not the obligation, to <br />provide Tenant the option to extend the Term for up to six additional months on the same <br />terms and conditions as set forth in this Lease, Each option shall be agreed to in writing by the <br />Landlord and Tenant prior to the expiration of the Term or any Extension Period then in effect. <br />If Tenant does not exercise its option to extend as provided herein, Tenant will be deemed a <br />holdover Tenant and subject to paragraph 7 of this lease. <br />6. RENT: (a) Tenant shall pay to Landlord, as rent ("Rent"), throughout the Term, the <br />monthly sum of Eight Hundred Twenty -Two Dollars ($822.00) in advance, on the 1st day of <br />each calendar month and continuing through the life of the Term, as prorated as necessary. The <br />Rent includes a charge for Common Area Operating Expenses and shall be subject to a CPI <br />adjustment annually on the anniversary of the Effective Date during the term hereof. All <br />payments of Rent and other sums due to Landlord hereunder shall be made payable to "The City <br />of Santa Ana" and remitted to: City of Santa Ana M-13, 20 Civic Center Plaza, PO Box 1988, <br />Santa Ana, CA 92702. A LATE CHARGE OF TEN PERCENT (10%) SHALL BE APPLIED <br />TO ANY PAYMENT HEREUNDER DUE BUT UNPAID AFTER THE 10TH <br />(b) Landlord and Tenant hereby agree that Rent for any Extension Period, if <br />the option for such is exercised, shall be subject to a CPI adjustment annually on the anniversary <br />of the commencement date of the term hereof. <br />7. HOLDOVER: Tenant has no right to retain possession of the Premises or any part <br />thereof beyond the expiration or termination of this Lease. In the event that Tenant holds over, <br />then the Rent shall be increased to 150% of the Rent applicable immediately preceding the <br />expiration or termination. Nothing contained herein shall be construed as consent by Landlord to <br />any holding over by Tenant. Any holding over by Tenant of the Premises after the expiration or <br />termination of this Lease shall operate and be construed as a tenancy from month to month on all <br />terms of this Lease, terminable by either party upon thirty (30) days prior written notice to the <br />other. <br />8. COMMON AREA OPERATING EXPENSES: <br />(a) "Common Area Operating Expenses" are defined, for purposes of this Lease, as <br />all costs incurred by Landlord relating to the ownership and operation of SARTC, including, but <br />not limited to, the operation, repair and maintenance, in neat, clean, good order and condition, <br />and if necessary the replacement, of the following: <br />20A-6 <br />
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