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Ordinance 1858-92
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Ordinance 1858-92
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5/2/2017 10:41:42 AM
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Ordinances
Ordinance Number
1858-92
Date
2/12/1992
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TABLE OF CONTENTS <br /> Page <br /> ARTICLE I: LEASED PREMISES 6 <br /> ARTICLE II: IMPROVEMENTS TO BE BUILT BY LESSOR 7 <br /> 2. 1 Plans and Specifications 7 <br /> 2 . 2 Construction of Improvements 7 <br /> 2 . 3 Bonding and Liens 8 <br /> 2 .4 Disclaimer 8 <br /> ARTICLE III: LEASE TERM 8 <br /> ARTICLE IV: LEASE PAYMENTS 9 <br /> 4. 1 Lease Payments. 9 <br /> 4 . 2 Additional Rent 10 <br /> 4 . 2 .A. Compensation of Trustee 11 <br /> 4 . 3 Quiet Enjoyment 11 <br /> 4 .4 Defeasance 11 <br /> ARTICLE V: USE 12 <br /> 5. 1 Use of Premises 12 <br /> 5.2 Compliance with Laws 12 <br /> ARTICLE VI: TRIPLE NET LEASE 12 <br /> 6. 1 Triple Net Lease 12 <br /> 6. 2 Lease Nonterminable 13 <br /> 6. 3 Tax and Utility Charges 13 <br /> 6.4 Compliance with Laws 13 <br /> 6. 5 City's Right to Contest 14 <br /> ARTICLE VII: ALTERATIONS BY CITY 14 <br /> ARTICLE VIII: INDEMNIFICATION AND PUBLIC LIABILITY <br /> INSURANCE 15 <br /> 8. 1 Indemnification by City 15 <br /> 8 .2 City's Liability Insurance 15 <br /> ARTICLE IX: FIRE AND EXTENDED COVERAGE INSURANCE 16 <br /> ARTICLE X: LIENS 16 <br /> ARTICLE XI: OPTIONS TO PREPAY LEASE AND PURCHASE <br /> IMPROVEMENTS 16 <br /> 11. 1 Option to Purchase 16 <br /> 11. 2 Exercise of Option 17 <br /> 11. 3 Conveyance of Improvements 17 <br /> 11. 4 Option to Partially Prepay Lease 17 <br /> B-2 KR170 92/01/27 <br />
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