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Res14 15316
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Res14 15316
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Last modified
10/11/2019 7:51:13 AM
Creation date
10/11/2019 7:51:10 AM
Metadata
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Regular
Agency Type
City Council
Date
1/27/2014
Description
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY (1) APPROVING AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE COMMERCIAL LEASE AGREEMENT BETWEEN THE SAN MATEO COUNTY TRANSIT DISTRICT AND THE CITY OF REDWOOD CITY FOR PARKING WITHIN THE SEQUOIA STATION PARKING GARAGE, AND (2) AUTHORIZING THE CITY MANAGER TO ISSUE PARKING PERMITS TO THE PUBLIC FOR THE SEQUOIA STATION PARKING GARAGE
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Agreement No. 800617 <br /> (a) Cure said Default by Lessee at Lessee's expense. Lessee shall, upon <br /> demand, immediately reimburse Agency for the cost of such cure together with interest at the <br /> Interest Rate from the date of the expenditure therefor by Agency until such reimbursement is <br /> received by Agency. <br /> (b) Maintain Lessee's right to possession in which case this Lease shall <br /> continue in effect whether or not Lessee shall have vacated or abandoned the Premises, in which <br /> event Agency shall be entitled to enforce all of Agency's rights and remedies under this Lease, <br /> including the right to recover the Rent as it becomes due hereunder as provided in California <br /> Civil Code Section 1951.4. Acts of maintenance or preservation, efforts to re-let the Premises, or <br /> the appointment of a receiver upon the initiative of Agency to protect Agency's interest under <br /> this Lease shall not constitute a termination of Lessee's right to possession. No act by Agency <br /> other than giving written notice to Lessee will terminate this Lease. <br /> (c) Terminate Lessee's right to possession of the Premises by any lawful <br /> means, in which case this Lease shall terminate and Lessee shall immediately surrender <br /> possession of the Premises to Agency. In such event Agency shall be entitled to recover from <br /> Lessee the sum of all amounts set forth in California Civil Code Section 1951.2(a), including <br /> without limitation, the worth at the time of award of the amount by which all unpaid rent for the <br /> balance of the Term of this Lease after the time of award exceeds the amount of such rental loss <br /> that Lessee proves could be reasonably avoided, and all other damages incurred by Agency by <br /> reason of Lessee's default including, without limitation, the cost of recovering possession of the <br /> Premises, and expenses of re-letting such as renovation of the Premises and real estate <br /> commissions and finder's fees actually paid for such re-letting. The "worth at the time of award" <br /> shall be computed in the manner provided in California Civil Code Section 1951.2(b) or its <br /> successor statute. For the purpose of determining unpaid rent under this paragraph, the rent <br /> reserved in this Lease shall be deemed to be the sum of all then unpaid monetary obligations <br /> owed under this Lease. <br /> (d) Pursue any other remedy now or hereafter available to Agency under the <br /> laws of California. <br /> Termination of this Lease under this section or for any reason whatsoever shall not <br /> release either party from any liability or obligation arising from an event which may have <br /> occurred before termination (including, but not limited to payment of all Rent due but unpaid as <br /> of the date of termination), or from actions that, under the express terms of this Lease, must be <br /> performed. <br /> 25. Surrender of the Premises; Holding Over. <br /> (a) Upon expiration or earlier termination of this Lease, Lessee shall leave the <br /> Premises in a neat and clean condition satisfactory to Agency and free of all personal property of <br /> Lessee. All repairs, Alterations and/or other improvements made by Lessee shall become the <br /> property of Agency, provided that Agency may, by written notice given to Lessee on not less <br /> than 10 days prior to the expiration or termination of the Lease, require Lessee to remove any <br /> such Alterations and improvements from the Premises and to restore the Premises to their <br /> original condition prior to termination of this Lease. If Lessee fails to do so, Agency may <br /> ATTY/AGR/2013.244/SEQUOIA STATION LEASE AGREEMENT <br /> REV:01-13-14 VR <br /> 5884508.1 <br /> Page 15 of 21 <br />
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