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Agenda - Council - 06/09/2009 - Special
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Agenda - Council - 06/09/2009 - Special
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3/18/2025 4:00:31 PM
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6/4/2009 1:08:59 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Title
Special
Document Date
06/09/2009
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<br />for Tenant to conduct its business. Further, the Terminated Area shall not include the area of the <br />Leased Premises designated or depicted on Exhibit A attached hereto and made a part hereof. <br />Landlord shall deliver to Tenant not less than 120 days prior written notice of any such partial <br />termination. To be effective, any such notice must include a depiction of the proposed <br />Terminated Area, including reasonably identifiable dimensions of the same. From and after the <br />Effective Date of such partial termination, the Leased Premises shall be deemed to be all of the <br />Leased Premises other than the Terminated Area. Any other terms or provisions herein to the <br />contrary notwithstanding, irrespective of the location and area of the Terminated Area, Tenant <br />shall continue to have the right to use (i) the most southerly curb cut on Jasper Street located <br />northerly of 142nd Avenue Northwest, and (ii) the driveway extending from that curb cut into <br />the Leased Premises (and, if applicable, the Terminated Area) as necessary or desirable to have <br />access to and from the large scale on the Leased Premises and for any other applicable purposes. <br /> <br />2.5. Holding Over. If Tenant does not vacate the Leased Premises at the end of the <br />lease term, or upon other termination of Tenant's right of possession, then Tenant's further <br />possession shall be wrongful and Tenant shall be subject to eviction at any time, pursuant to law <br />and Landlord's proven direct damages. In no event shall holding over by Tenant imply any <br />extensions of this Lease. <br /> <br />3. RENTIDEPOSITS <br /> <br />3.1 Base Rent. The Tenant shall pay as "Base Rent" for the Leased Premises, an <br />amount equal to the following: NONE. <br /> <br />3.2 Security Deposit. Intentionally deleted. <br /> <br />3.3 Additional Rent. Tenant shall pay as additional rent, when billed by Landlord <br />the annual property taxes levied against the Leased Premises, however, Tenant's obligation for <br />said property taxes shall not exceed those amounts specified below: <br /> <br />04/01/2008 to 03/31/2009 <br />04/01/2009 to 03/31/2010 <br />04/01/2010 to 03/31/2011 <br />04/01/2011 to 03/31/2012 <br />04/01/2012 to 03/31/2013 <br />04/01/2013 to 03/31/2014 <br />04/01/2014 to 03/31/2015 <br />04/01/2015 to 03/31/2016 <br />04/01/2016 to 03/31/2017 <br />04/01/2017 to 03/31/2018 <br /> <br />Property Taxes shall not exceed: <br />Property Taxes shall not exceed: <br />Property Taxes shall not exceed: <br />Property Taxes shall not exceed: <br />Property Taxes shall not exceed: <br />Property Taxes shall not exceed: <br />Property Taxes shall not exceed: <br />Property Taxes shall not exceed: <br />Property Taxes shall not exceed: <br />Property Taxes shall not exceed: <br /> <br />$36,000.00 <br />$37,800.00 <br />$39,690.00 <br />$41,674.50 <br />$43,758.23 <br />$45,946.14 <br />$48,243,35 <br />$50,655.62 <br />$53,188.40 <br />$55,847.82 <br /> <br />3.4 The additional rent shall be reduced by fifty percent (50%) in the event Landlord <br />elects to reduce the Leased Premises area as described in paragraph 2.4 above. <br /> <br />3.5 Operating Expenses. Except as set forth above in Sections 3.3 and 3.4, Tenant <br />shall not be obligated to pay to Landlord any operating expenses, additional rent or other rent. <br />Real estate taxes for any calendar year shall be deemed to be the taxes payable in the respective <br /> <br />3 <br />
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