Ordinance 1858-92 - Laserfiche WebLink

NOW, THEREFORE, pursuant to law and for and in consideration of the mutual promises, covenants and conditions hereinafter contained the parties hereto agree as follows: ARTICLE I: LEASED PREMISES As of the date first set forth above, this Ground Lease supersedes in its entirety the Original Ground Lease executed by and between the City and Lessee dated as of May 31, 1991. City hereby leases to Lessee, and Lessee hereby hires from City, certain unimproved real property, located in the City of Everett, Snohomish County, Washington with a street address of 36th Street and Rucker Avenue, Everett, Washington, and legally described in Exhibit A attached hereto and by this reference incorporated (the "Leased Premises") , subject to all easements, reservations, encumbrances and restrictions of record. ARTICLE II: TERM 2 .1 Term. This Ground Lease shall be for a term commencing on the dated date of the Original this—Ground Lease (the "Commencement Date") and terminating on the date of termination or expiration of the Amended and Restated Lease by and between the City and Lessee of even date herewith (hereinafter, the "Lease") dated , unless otherwise renewed, extended, or terminated in accordance with the terms and provisions hereof. 2 .2 Possession. The City shall notify Lessee in writing of the earliest date that Lessee may begin to occupy the Leased Premises (the "Date of Possession") . It is anticipated that the Date—oressessiort—shall occur on the date of execution of this Ground Lease. In event that the Date of Possession is delayed so extent permitted by law, any rights to and claims for damages occasioned by such delay. ARTICLE III: RENT Upon execution hereof the Original Ground Lease, Lessee has paid to City the sum of One Hundred Dollars ($100) , which represents the fixed rent payable over the term of this Ground Lease. A-6 KR172 92/01/27