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Ordinance 1818-91
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Ordinance 1818-91
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5/9/2017 10:46:32 AM
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5/9/2017 10:45:59 AM
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Ordinances
Ordinance Number
1818-91
Date
10/2/1991
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TABLE OF CONTENTS <br /> Page <br /> ARTICLE I: LEASED PREMISES 2 <br /> ARTICLE II : IMPROVEMENTS TO BE BUILT BY LESSOR 3 <br /> 2 . 1 Plans and Specifications 3 <br /> 2 . 2 Construction of Improvements 3 <br /> 2 . 3 Bonding and Liens 4 <br /> 2 .4 Disclaimer 4 <br /> ARTICLE III: LEASE TERM 4 <br /> ARTICLE IV: LEASE PAYMENTS 5 <br /> 4 . 1 Lease Payments 5 <br /> 4 . 2 Additional Rent 7 <br /> 4 .2 .A. Compensation of Trustee 7 <br /> 4 . 3 Quiet Enjoyment 7 <br /> 4 .4 Defeasance 8 <br /> ARTICLE V: USE 8 <br /> 5. 1 Use of Premises 8 <br /> 5.2 Compliance with Laws 8 <br /> ARTICLE VI : TRIPLE NET LEASE 8 <br /> 6. 1 Triple Net Lease 8 <br /> 6 . 2 Lease Non-Terminable 9 <br /> 6 . 3 Tax and Utility Charges 9 <br /> 6.4 Compliance with Laws 10 <br /> 6. 5 City's Right to Contest 10 <br /> ARTICLE VII: ALTERATIONS BY CITY 11 <br /> ARTICLE VIII: INDEMNIFICATION AND PUBLIC LIABILITY <br /> INSURANCE 11 <br /> 8 . 1 Indemnification by City 11 <br /> 8 . 2 City's Liability Insurance 11 <br /> ARTICLE IX: FIRE AND EXTENDED COVERAGE INSURANCE 12 <br /> ARTICLE X: LIENS 12 <br /> ARTICLE XI : OPTIONS TO PREPAY LEASE AND PURCHASE <br /> IMPROVEMENTS 13 <br /> 11. 1 Option to Purchase 13 <br /> 11. 2 Exercise of Option 13 <br />
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