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AgdaPkt 2006-11-13
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AgdaPkt 2006-11-13
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Last modified
11/14/2006 11:50:15 AM
Creation date
11/9/2006 1:07:21 PM
Metadata
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council & Redevelopment
Date
11/13/2006
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<br />ATTAcHMENti.11 B <br />Page 4 <br /> <br />transmitting and receiving equipment and back up power batteries, and to install the other <br /> <br />improvements described in Paragraph 5.05 below. Lessor and Lessee hereby agree that <br /> <br />the Leased Premises including any Access Areas (defined below) may be surveyed by a <br /> <br />licensed surveyor at the sole cost of Lessee, and such survey shall then supplement <br /> <br />Exhibit B, and become a part hereof and shall control to describe the Leased Premises <br /> <br />and Access Areas in the event of any discrepancy between such survey and the <br /> <br />description of the boundary of the Leased Premises contained herein. <br /> <br />2. TERM. The terms of this Lease (the "Term") shall be ten (10) years <br /> <br />commencmg on <br /> <br />(the "Commencement Date") and terminating on <br /> <br />the tenth anniversary of the Commencement Date, unless earlier terminated as provided <br /> <br />in this Lease. <br /> <br />3. RENTAL. Lessee shall pay to the Lessor as rent during the Term for the <br /> <br />Leased Premises in advance on the Commencement Date and on each yearly anniversary <br /> <br />date thereof without deduction, offset, prior notice or demand, in lawful money of the <br /> <br />United States, the sum of: <br /> <br />Lease Years 1 through 5: $ per Lease Year; <br /> <br />Lease Year 6: $ ; ($4,000 more than the previous Lease Year); <br /> <br />Lease Years 7 through 10: CPI Adjustment, as set forth below. <br /> <br />Commencing with Lease Year 7 and continuing every Lease Year thereafter, the <br /> <br />Rental shall be subject to an adjustment at the commencement of each Lease Year (the <br /> <br />"Adjustment Date") as follows: The basis for computing the adjustment is the Consumer <br /> <br />Price Index published by the U.S. Department of Labor, specifically the revised <br /> <br />Consumer Price Index U.S. Department oflabor, U.S. City Average for all Urban <br /> <br />LcaseAgrecrnent-CommunicationsSite - 02/02/06 <br /> <br />SITE #599A <br /> <br />2 <br />
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