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O-2007-2970 lease agreement/Economic Alliance tenant at 908 W Main
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O-2007-2970 lease agreement/Economic Alliance tenant at 908 W Main
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11/2/2016 3:39:21 PM
Creation date
5/8/2007 1:20:19 PM
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Legislative Records
Legislative Type
Ordinance
Date
2/12/2007
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<br />3. Use. <br /> <br />Not withstanding the foregoing, Tenant shall not use the leased Premises for the purposes of storing, <br />manufacturing or selling any explosives, flammables or other inherently dangerous substance, chemical, <br />thing or device. <br /> <br />4. Sublease and Assi~nment <br /> <br />Tenant shall have the right, without landlord's consent, to assign this lease to a corporation with which <br />Tenant may merge or consolidate, to any subsidiary of Tenant, or to a purchaser of substantially all of <br />Tenant's assets. Except as set forth above, Tenant shall not sublease all or any part of the leased <br />Premises, or assign this lease in whole or in part without landlord's consent, such consent not to be <br />unreasonably withheld or delayed. <br /> <br />5. Repairs. <br /> <br />During the lease term, landlord shall make, at landlord's expense, all necessary repairs to the leased <br />Premises, including premises damaged or worn through normal property occupancy. Tenant shall notify <br />landlord of needed repairs in a timely manner and consent shall be obtained from the Tenant prior to the <br />repair to better ensure minimal work disruption. Repairs shall include such items as routine repairs of <br />plumbing, concrete, landscaping, lighting, HVAC, and other parts of the leased Premises damaged or <br />worn through normal property occupancy subject to the obligations of the parties otherwise set forth in <br />this lease. Tenant is responsible for routine maintenance; i.e. light bulbs, minor paint, etc. landlord <br />must consent to repairs over $100.00 prior to work being done. <br /> <br />6. Alterations and Improvements. <br /> <br />Tenant, at Tenant's expense, shall have the right following landlord's consent to remodel, redecorate, <br />and make additions, improvements and replacements of and to all or any part of the leased Premises <br />from time to time as Tenant may deem desirable, provided the same are made in a workmanlike manner <br />and utilizing good quality materials. Tenant shall have the right to remove the same at any time during <br />the term of this lease provided that all damage to the leased Premises caused by such removal shall be <br />repaired by Tenant at Tenant's expense and agreed by both parties. Subject to the aforementioned <br />requirements in this section, rental fees shall remain as outlined in Section 2 above, if any Alteration <br />and/or Improvement of any part thereof or any appurtenance of the leased Premises results in providing <br />more occupancy space for the Tenant. Monetary credits for leasehold improvements will be provided to <br />the Tenant by landlord in an amount equal to the cost of improvements. Any enhancements to bring the <br />property in compliance with state or federal regulations such as the American Disabilities Act shall be <br />made at the expense of the landlord, with notification to the Tenant. <br /> <br />7. Utilities and Amenities. <br /> <br />The lease Premises are provided to Tenant with provisions for electricity, water, sewage, <br />computer/internet access, and telecommunications, including hook-up fees. However, Tenant shall be <br />responsible for costs and fees associated with monthly usage. <br /> <br />8. Taxes. <br /> <br />Tenant is exempt from any and all taxes. Landlord shall be responsible for any taxes on its leasehold <br />estate. <br /> <br />9. Insurance. <br /> <br />A. As owner of the property, the Landlord shall be responsible for costs to repair the Leased <br />Premises if damaged by fire or other casualty, excluding if the damage results from an act or <br /> <br />C:\Documents and Settings\FeazelleD\local Settings\Temporary Internet Files\OLK6A\Lease Agreement <br />v6.doc <br />Page 2 of 6 <br />
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