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AgdaPkt 2009-06-22 clsd and jnt
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AgdaPkt 2009-06-22 clsd and jnt
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Last modified
9/24/2013 12:22:20 PM
Creation date
6/18/2009 4:10:58 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Redevelopment Agency
Date
6/22/2009
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6.1C <br /> Page 7 <br /> (a} acts of�essor, its agents, or employees; <br /> (b} acts of God which Lessee could nofi reasonably have foreseen or guarded <br /> against; <br /> (c) any strikes, bvycot�s or like obstructive ac#ions by empioyees or labor <br /> organizaf�ons and which are beyond the confirol of �essee and which <br /> cannot be reasonably overcome; or <br /> �d} restrictive regulatians by the Federal Government which are enforced in <br /> connection with a nationa! emergency. <br /> 2.� The �erm will expi�e af 5:G0 p.m. on �he date specified in Section 2.1. If Lessee <br /> shou�d remain in possession of the Premises after the expiration of the term of <br /> this Agreement in #he absence of a new lease agreement or after �essor has <br /> declared a forFeiture of this Agreement as a resuit of Lessee's defauft, then such <br /> � . holding over shall be construed as a tenancy from month-to-month, subject to all <br /> of the terms, conditions, provisions and obligations of this Agreemen# at the time <br /> this Agreement expires or upon the Lessee's default, as the case may be, except <br /> the Minimum Annual Rent sha!! be one and one-half {1.5) times the amount of <br /> such renf in effec# prior #o the Lessee's holding �over, Lessar does not waive its <br /> right to pursue any legal cr equftable remedy against Lessee with regard ta <br /> Lessee's cantinued possession of the Premises after the expiration of the term of <br /> this Agreemert. <br /> 3. LEASE PAYMENT <br /> 3.1 �ease Payment. The mon#hly rent to be paid to the Lessor shall be determined <br /> by the following: <br /> (a) Commencing Sep#ernber 1, 2009 to February 28, 2010, Lessee shaEl pay a <br /> monthly rent o.f one dallar �$1.00�, <br /> {b) Beginning March 1, Zo�o, the monthly rent shall be three dollars �$3.00} per <br /> square foot for a fotal of$�73.00. <br /> Lessee shall pay to Lessor the monthly rent in advance, on or before the firsf day <br /> of each and every month of the Lease Term beginning Sep#ember 1, 2Q�9. <br /> Lease payments for any period during the term hereof which is for less fihan one <br /> monfih shal[ be a pro rata por�ion of the monthly insfiallment. <br /> 3.2 Rent Adjus#r�ent. The monthfy rent for�he C.ease Area shail be adjusted by the <br /> consumer price index (CPI} of each year beginning on September �, 2012. The <br /> rent shall be adjusted by multiplying the same by t�e annuai average percentage <br /> increase (rounded to the nearest tenth d�cimal) in the CPI published by the <br /> United States Depar�ment of Labor, Bureau of Labor Statistics {All Urban <br /> Cansumers, Af! I�ems}for the San Francisco— �akland — San Jose Metropo�itan <br /> S�atis#ica! Area �urin� �he preceding twelve (�2� month period, ending I�ovember <br /> A s TYIAGR/2049.024 [nitiats Page 3 <br /> 061649 <br />
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