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Agenda - 05-06-1998 - 9h
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Agenda - 05-06-1998 - 9h
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7/14/2010 3:46:43 PM
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BOCC
Date
5/6/1998
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
9h
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Minutes - 19980506
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\Board of County Commissioners\Minutes - Approved\1990's\1998
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l~ <br />additional rent and the method of payment thereof shall be calculated and <br />determined in the manner set forth under the following paragraph. <br />(c) Within thirty (30) days after the publication and issuance <br />thereof, the Lessor shall deliver to the Lessee a copy of the Consumer Price <br />Indea (hereinafter referred to as the "Index") for Atlanta, Georgia, for all <br />items of the Bureau of Labor Statistics of the United States Department of <br />Labor for the first month of the first lease year (hereinafter referred to <br />as the "Bane Month") and for the corresponding month in each lease year <br />thereafter. If the Index for the first month of the second lease year and <br />for each corresponding month in each lease year thereafter shows a decrease <br />in the purchasing power of the amount of the Annual Base Rent as compared, <br />in each such cane, to the Ind ea for the Base Month, the Lessor, as soon as <br />possible after the delivery of each indea subsequent to the Index for the <br />Base Month, shall furnish the Lessee with its computation of the amount <br />equal to such decrease, if any, and this amount shall be the amount of the <br />additional rent payable by the Lessee for the lease-year is question. Such <br />additional rent shall be divided and paid in twelve (12) equal monthly in- <br />stallments during each such lease year. Pending the determination of the <br />additional amount of rent, if any, to be paid by the Leesee; and when the <br />additional amount of rent has been determined, the Leesee on the first day <br />of the month immediately following the furnishing by the Lessor to the <br />Lessee of the computation thereof, shall pay the Lessor the number of in- <br />stallments that shall have lapsed from the commencement of the Lease year in <br />question up to and including the first day of such month. <br />(d) If at the time required for the determination of the addi- <br />tional rest the Iadez is no longer published or issued, the parties shall <br />use such other indez as has been generally recognized and accepted for simi- <br />lar determinations of purchasing power. If the parties are unable to agree <br />on the selection of an indea which would moat accurately carry out the in- <br />tent hereof or if there is a dispute with reapeet to the computation of addi- <br />tional rent as herein provided, then the issue with respect thereto shall be <br />determined by an arbitrator appointed bq the Carrboro, North Carolina Board <br />of Realtors. <br />(e) Ia no event shall the total annual rent due during any lease <br />year hereunder be less than the Annual Baee Rent provided hereinabove. <br />(f) If any rear owing under this lease is collected by or through <br />an attorney-at-law, Leaaee agrees to pay Lessor as Attorney's fees an amount <br />equal to twenty percent (20X) of the amount so collected. <br />3. IItilities. Lessor shall supply electric current for the lighting <br />fixtures as installed in the leased area, corridors, toilets, and rest rooms <br />and for electric typewriters, mimeograph machines, adding machines and other <br />similar electrically powered office machines requiring comparable amounts of <br />electric power, and shall replace defective lights as needed; provided, how- <br />ever, the Lessor shall not be responsible for say power failure. Lessor <br />shall furnish a reasonable amount of hot and cold running water to lavato- <br />ries and toilets in or appurtenant to the Leaned Premises and shall keep all <br />plumbing in repair. It is specifically agreed that Lessor undertakes to <br />furnish only a reasonable amount of electric current and water sad that <br />Lessor reserves the right to install meters and to make extra rectal charges <br />for any consumption of electric current or ware: which it deems to be <br />greater than normal, excessive or wasteful. <br />4. Heating and Air Conditioning. Lessor shall maintain and operate <br />the heating and air conditioning systems for all parts of the building, ea- <br />eept storage space. The heating and air conditioning systems shall be opera- <br />ted and maintained between the hours of 8:00 A.M. and 6:00 P.M. every day <br />ezcept Saturday and Sunday; however, if use of the building by Lessee and <br />
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