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WARRANTIES, EXPRESS OR IMPLIED, CONCERNING THE PRESENT OR FUTURE <br /> SUITABILITY OF LICENSE AREA 1 FOR LICENSEE'S INTENDED ACTIVITIES. <br /> 2. License Fee. As consideration for the grant of the license, LICENSEE shall pay CITY a <br /> license fee in the amount of One Thousand Dollars ($1000. 00) per month ("License Fee") . <br /> Each monthly installment of the License Fee shall be payable in advance, on or before the first <br /> day of each month commencing on the Commencement Date. The License Fee shall be <br /> payable to CITY at the address set forth in Section 19 below or at such other address as CITY <br /> may from time to time designate in writing. The License Fee for any partial month shall be <br /> prorated by dividing the monthly License Fee by thirty (30) and multiplying the quotient by the <br /> number of days LICENSEE has the privilege to use License Area 1 during the partial month. . <br /> 3. Term of License. <br /> A. Term. The privilege conferred to LICENSEE pursuant to this Agreement shall be for <br /> a "Term" commencing on the Commencement Date and expiring one year from the <br /> Commencement Date ("Expiration Date") . Prior to the expiration of the Agreement, the <br /> City Manager may, at his/her sole discretion, extend the term for up to an additional six <br /> months. <br /> B. City and Licensee Right to Revoke. Subject to the foregoing , CITY and Licensee <br /> may at its sole option freely revoke this license and terminate this Agreement at any time <br /> without cause or liability, and without any obligation to pay any consideration to <br /> LICENSEE or return to LICENSEE any part of the License Fee. Upon any expiration , <br /> revocation or termination, LICENSEE shall immediately surrender License Area 1 in the <br /> condition required under this Agreement. <br /> 4. Use of License Area. <br /> A. Authorized Activities on License Area 1 . LICENSEE may enter upon and use <br /> License Area 1 solely for vehicle storage purposes for its dealership ("Activities"). <br /> LICENSEE shall not conduct any vehicle maintenance or other activities on the City <br /> Property. <br /> B. Alterations. Except with CITY's prior written consent, which CITY may withhold in <br /> its sole and absolute discretion, LICENSEE shall not make any alterations, additions, <br /> improvements or other changes (collectively referred to as "Alterations") on or with <br /> respect to the City Property or License Area. If such consent is secured from CITY, all <br /> such Alterations shall be made in accordance with all applicable Laws, in a good and <br /> workmanlike manner, and at the sole cost and expense of LICENSEE. Upon termination <br /> of this Agreement, at CITY's request only, LICENSEE shall remove any and all <br /> Alterations. No compensation shall be owed to LICENSEE in any event for any <br /> Alterations made by LICENSEE to the City Property. Any damage caused by the <br /> installation or removal of Alterations shall be repaired by LICENSEE at its sole cost and <br /> expense, to the satisfaction of the City Manager. <br /> C. Subject to CITY Uses. CITY reserves the right to use License Area 1 in common <br /> with LICENSEE . The permission granted by this Agreement is non-exclusive in nature. <br /> City reserves the right to open the City Property to the public or enter into agreement <br /> with other parties for use of the Property. <br /> ATTY/AGR/2016.240/BOARDWALK AUTO DEALERS <br /> REV: 08-29-16 RL <br /> Page 2 of 13 <br />