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O-2008-2970-A amend lease agreement/Economic Alliance Houston Port Region for 908 Main Street Building (original in 2007)
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O-2008-2970-A amend lease agreement/Economic Alliance Houston Port Region for 908 Main Street Building (original in 2007)
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Last modified
11/2/2016 3:39:25 PM
Creation date
2/27/2008 9:32:16 AM
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Legislative Records
Legislative Type
Ordinance
Date
2/11/2008
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<br />Exhibit B <br />Years 4 to 10 of Lease Agreement <br /> <br />In years 4 to 10 of the Lease Agreement it is recognized that the Tenant continues to accrue the same <br />obligation for off-set of the additional lease space provided to the Tenant by the Landlord in accordance <br />with Section 2 C. of the Lease Agreement. <br /> <br />It is also recognized that continuing in years 4 to 10 of the Lease Agreement that the value of the services <br />provided and the leasehold improvements made for and on behalf of the Landlord is anticipated to <br />exceed the off-set space credit of $8,333.00 annually. This excess value is recognized and accepted by <br />the Landlord as monetary credits that will be due the Tenant unless this lease is otherwise terminated <br />during the term of the Agreement and if so, the provisions of Section 7 B. of the Lease Agreement shall <br />apply. <br /> <br />Therefore, in consideration of the leasehold improvements and the services listed below, the City of La <br />Porte will continue to pay all utilities and services defined as: Electricity, Gas, Water/Sewer/Trash, <br />Security Alarm, Extermination Control and Janitorial (including janitorial services in accordance with the <br />terms listed in Section 13. "Restrooms", of the Lease Agreement), until such time as both parties have <br />satisfied their obligations under this Lease Agreement or a new Lease Agreement is executed. <br /> <br />Onaoina Each Year - Small Business Retention <br />Provided through December 31, 2008 Contractual Fee = $8000 (Fee amount based upon <br />benchmarking of other local similar programs) <br />. Monthly Visitation for Feedback with at Least Two La Porte Businesses <br />. Provide support to Main Street Coordinator in Exploring Incentive Strategies designed for Main Street <br />growth <br /> <br />9 <br />
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