Agenda - Council - 12/14/2010 - Laserfiche WebLink

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As an example, and not by way of Limitation, such costs and expenses shall include postage, delivery charges, long distance telephone calls and mileage directly related to the management and operation of the Property. 2.12. Taxes: Mortgages. Manager shall, if so requested, obtain like charges ills or r e a l estate and personal property taxes, improvement assessments and other or may become liens against each Property and recommend payment or appeal as Owner in its best judgment may determine. In the event Owner elects to make payments for such taxes, assessments or charges directly, Manager shall forward such bills to .Owner for payment by Owner in such time to permit Owner to avoid penalty for late payment or to permit Owner to take advantage of available discounts, if any. Manager shall not make any payment on account of any ground lease, mortgage, deed of trust or other security instrument, if any, affecting any Property unless specifically authorized to do so by Owner in writing. 2.13. Er,j2 i '�%Iair►tpr arc Records. Manager shall keep full and detailed records covering the maintenance and management of the Premises, hall have access to such records r as well operty of Owner. Owner and Owner's accountants at all times to all other books and records of Manager in connection with the maintenance and management of the Premises. Owner shall endeavor in good faith to provide Manager reasonable advance notice of Owner's intent to inspect or review any such records. 2.14. Compliance With Laws. Both Owner and Manager and other laws laws of federal, state. comply with all statutes, ordinances, orders, rules, regulations county and municipal authorities (collectively, "Applicable Laws ") in good faith seek to and with any direction of any public officer or officers acting pursuant to law, , relating to each Property. If either party receives notice of any violation of any Applicable Laws, such party shall provide timely written notice of such violation to the other party. ARTICLE III. INDEMN FICATION; INSURANCE 3.1. Manager's Insurance. Manager shall secure and maintain worker's compensation insurance with respect to all employees of Manager, as required under state law. Manager shall furnish to Owner satisfactory evidence of the foregoing .insurance to Owner upon request. 3.2. Owner's Insurance. With respect to each Property, Owner will maintain and cable, boiler and machinery 'keep in force, fire and extended coverage insurance and, if applicable, also obtain and keep in insurance, on a replacement cost basis. Owner, at its own expense, force comprehensive general liability insurance insuring against loss, damage or injury to property or persons which might arise out of the occupancy, management, operation, leasing or maintenance of each Property, with reasonable liability limits as shall be . negotiated between P5