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<br />Option B (Market Rate Lease) <br /> <br />Term: October 1,2009 - March 31,2010 <br /> <br />Rent: $396.50tmo. This amount is based on market rate as determined by Premier <br />Commercial Properties. <br /> <br />Taxes: Property Tax amount is included in rent proposed above. <br /> <br />Uses: Any lawful commercial use which shall be interpreted as permitting the existing <br />outside storage. No storage of junk or debris permitted. <br /> <br />Insurance: Tenant maintain public liability insurance on Subject Parcel. <br /> <br />Utilities: Tenant responsible for any utilities it may use at Subject Parcel. <br /> <br />Subletting: Tenant may not sublet during lease term. <br /> <br />Improvements: Tenant will install automatic door opener and Landlord will install new <br />locks. <br /> <br />Comments: Waiver of first month of rent is an option to make offer more appealing. <br /> <br />Enclosures: <br />Site Location Map <br />Site Layout <br />Letter from RIDE SAFE <br />Letter from Premier Commercial Properties <br /> <br />Funding Source: Nt A <br /> <br />Recommendation: <br /> <br />Staff recommends a market rate lease for the space, consistent with other leases in the same building <br />for for-profit businesses. <br /> <br />Council Action: <br /> <br />Based on Discussion. <br /> <br />CC:09.08.09 <br /> <br /> <br />Review Checklist: <br /> <br />Deputy City Admini <br />City Administrator <br />