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Agenda - Council - 03/24/2015
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Agenda - Council - 03/24/2015
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
03/24/2015
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any delays in the Turnover Date, LANDLORD shall cause the completion of the work to occur <br />as soon as possible. Any such delays shall not affect the_validity of this Lease nor be considered <br />a failure to deliver the Leased Space to TENANT by the date referenced in Section 11 (b). <br />LANDLORD acknowledges and agrees that time is of the essence for completion of the <br />Improvements, therefore, if LANDLORD is unable to give possession of the Leased Space to <br />TENANT by June 30, 2010 because construction of Improvements have not been sufficiently <br />completed to make the Leased Space Ready for Turnover or for any other reason, excluding <br />Force Majeure, LANDLORD shall give TENANT, as liquidated damages, a rent credit of one <br />(1) days Rent for each and every calendar day LANDLORD fails to give possession of the <br />Leased Space to TENANT. Failure to give possession by the date referenced in Section 11 (b), <br />shall in no way affect the validity of this Lease Agreement or the obligations of TENANT <br />hereunder, except that if LANDLORD extends the Turnover Date beyond July 31, 2010, <br />TENANT shall have the right, upon written notice to LANDLORD, to cancel this Lease <br />Agreement and all monies TENANT has provided LANDLORD hereunder shall be refunded to <br />TENANT within ten (10) business days from the time TENANT gives written notice to <br />LANDLORD of such cancellation, unless all or part of such delay is reasonably attributable to <br />actions or omissions on the part of TENANT. In the case of a delay due to a Force Majeure, the <br />construction schedule shall be extended one (1) day for each one (1) day of delay. <br />(e) Payment for construction of improvements <br />(1) "Construction Costs" is defined as the cost to construct the Improvements, <br />including construction of the HVAC, electrical, flooring, carpentry construction and <br />finish of the walls/doors/millwork, and security of doors and normal architectural and <br />construction management/administration costs necessary for TENANT's use and <br />occupancy of the Office Space. Notwithstanding the foregoing, Construction Costs shall <br />not include the cost to construct the east wall of the Office Space, the security door, costs <br />relating to mechanical work and LANDLORD's staff time or legal fees. <br />(2) LANDLORD shall pay $55,000.00 for the cost of construction of the <br />Improvements ("LANDLORD's Costs"). TENANT shall be responsible for payment of the <br />difference between the Construction Costs and the LANDLORD Costs. <br />(3) Upon LANDLORD's award of the contract to construct the Improvements, <br />TENANT shall pay LANDLORD 90% of the difference between the Construction Costs <br />and the LANDLORD Costs. The remaining balance shall be paid by TENANT to <br />LANDLORD upon the satisfactory completion of all items in the Punch List Notice. <br />(f) Herman -Miller Furniture <br />LANDLORD shall provide at no cost to the TENANT, Herman -Miller <br />furnishings for the two offices (Room Nos. F133 and F134); Dealer processing work area and the <br />safe area as depicted in the attached Exhibit E. <br />12. USE: <br />The Leased Space shall be used and occupied by TENANT solely for the purposes of <br />commercial office space for the TENANT'S License Center Facility and such use by TENANT <br />shall at all times be in full compliance with all applicable laws, ordinances and governmental <br />regulations affecting the Leased Space. The Leased Space shall not be used in such manner that, <br />in accordance with any requirement of law or of any public authority, LANDLORD shall be <br />obligated on account of the purpose or manner of said use to make any addition or alteration to <br />6 <br />
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