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Agenda - Council - 05/11/2021
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Agenda - Council - 05/11/2021
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3/14/2025 2:58:39 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
05/11/2021
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Alterations or additions by Tenant must be done in compliance with all laws, ordinances and <br />governmental regulations affecting the Leased Property and Tenant shall warrant to Landlord that <br />all such alterations, additions, or improvements shall be in strict compliance with all relevant laws, <br />ordinances, governmental regulations, and insurance requirements. Construction of such <br />alterations or additions shall commence only upon Tenant obtaining and exhibiting to Landlord <br />the requisite approvals, licenses and permits and indemnification against liens. All alterations, <br />installations, physical additions or improvements to the Leased Property made by Tenant shall at <br />the option of Landlord become the property of Landlord and shall be either removed by Tenant at <br />Tenant's sole cost or surrendered to Landlord upon the termination of this Lease; provided, <br />however, this clause shall not apply to movable equipment or furniture owned by Tenant which <br />may be removed by Tenant at the end of the term if this Lease is not then in default. <br />10. POSSESSION: <br />Except as hereinafter provided Landlord shall deliver possession of the Leased Property to Tenant <br />in the condition required by this Lease on or before the Commencement Date, but delivery of <br />possession prior to or later than such Commencement Date shall not affect the expiration date of <br />this Lease. The rentals herein reserved shall commence on the date when possession of the Leased <br />Property is delivered by Landlord to Tenant. Any occupancy by Tenant prior to the beginning of <br />the term shall in all respects be the same as that of Tenant under this Lease. Landlord shall have <br />no responsibility or liability for loss or damage to fixtures, facilities or equipment installed or left <br />on the Leased Property. If Leased Property is not ready for occupancy by Commencement Date <br />and possession is later than Commencement Date, rent shall begin on date of possession. If for <br />any reason, Landlord cannot deliver possession of the Leased Property to Tenant by the <br />Commencement Date, in no event shall landlord be subject to any liability for a delay in delivery <br />and such failure shall not affect the validity of this Lease or the obligations of tenant under, and <br />Tenant's remedies for such delay shall be limited to termination of this Lease in the event that <br />Landlord fails to deliver the Leased Property to Tenant within 30 days of the Commencement <br />Date. <br />11. SECURITY AND DAMAGE DEPOSIT: <br />Tenant contemporaneously with the execution of this Lease, has deposited with Landlord the sum <br />of One Thousand Six Hundred Fifty and 00/100 Dollars ($1,650), receipt of which is hereby <br />acknowledged by Landlord, which deposit is to be held by Landlord, as a security and damage <br />deposit for the faithful performance by Tenant during the term hereof or any extension hereof. <br />Prior to the time when Tenant shall be entitled to the return of this security deposit, Landlord may <br />commingle such deposit with Landlord's own funds and to sue such security deposit for such <br />purpose as Landlord may determine. In the event of the failure of Tenant to keep and perform any <br />of the terms, covenants and conditions of this Lease to be kept and performed by Tenant during <br />the term hereof or any extension hereof, then Landlord, either with or without terminating this <br />Lease may (but shall not be required to) apply such portion of said deposit as may be necessary to <br />compensate or repay Landlord for all losses or damages sustained or to be sustained by Landlord <br />due to such breach on the part of Tenant, including, but not limited to overdue and unpaid rent, <br />any other sum payable by Tenant to Landlord pursuant to the provisions of this Lease, damages or <br />deficiencies in the reletting of the Leased Property, and reasonable attorney's fees incurred by <br />Landlord. Should the entire deposit or any portion thereof, be appropriated and applied by <br />4 <br />
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