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8.A. - Page 23 <br /> 13. City Inventory. <br /> Once the transaction is completed and all documents have been signed <br /> and, if applicable, recorded, the City Clerk should modify the inventory of <br /> City-owned parcels as necessary. The City Clerk should maintain copies <br /> of the written agreement, grant deed or lease, and other related <br /> documents for the official City records. <br /> 14. Long-Term Lease Procedures. <br /> In addition to the procedures noted above, the following guidelines <br /> pertain to long-term leases: <br /> • For-profit entities should pay comparable market rents. <br /> Below-market rates may be considered for non-profit <br /> organizations in accordance with the guidelines set forth <br /> herein. <br /> • Unless otherwise agreed upon, lessees will be responsible <br /> for making all tenant improvements and complying with all <br /> City zoning and land use requirements, including any <br /> special conditions the City may place on the property. <br /> • Lessees will comply with the City's non-discrimination <br /> requirements. <br /> • Lessees will be responsible for possessory interest and <br /> property related use taxes that may be assessed. <br /> • Lessees will be responsible for all general maintenance <br /> and upkeep of the property and any expansion or <br /> improvement of existing improvements, unless the Council <br /> otherwise chooses to help fund that expansion or <br /> improvement. <br /> • Leases should include a waiver of any rights to relocation <br /> benefits. <br /> • The City may use the services of a real estate agent, broker <br /> or property manager in advertising the space, identifying <br /> tenants and managing the leases. Selection of the broker <br /> or agent will be made in accordance with the City's <br /> ATTY/POLICIES/PROPERTY ACQUISITION AND DISPOSITION PROCEDURES <br /> REV:10-04-12 PT <br /> Page 18 of 21 <br />