Agenda - 01-24-2012 - 5k - Laserfiche WebLink

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Tenant shall be responsible for all architectural fees, drawings, permits, and construction costs for Tenant's upfits. Tenant may select its own design professionals and general contractor for Tenant's upfits, subject to Landlord's approval, which shall not unreasonably be withheld. Landlord recognizes that Tenant maybe subject to public bidding laws and shall not withhold its consent for Tenant's selection of any contractor that is made in accordance with the applicable public bidding laws. Tenant shall ensure that any construction work associated with Tenant's upfits shall be covered by general liability insurance as described in paragraph 10 of this Lease. Tenant shall also ensure that any construction work associated with Tenant's upfit shall be covered by worker's compensation insurance as required by statute. Landlord shall give Tenant access to the Premises and shall permit Tenant to begin making upfits as soon as is reasonably practicable, but in no event later than the date Landlord is issued a certificate of occupancy for the Premises. Landlord shall notify Tenant that a certificate of occupancy has been issued and shall provide Tenant with a copy of such certificate within twenty-four (24) hours of its issuance to Landlord. TERM 2. 2. The term of this Lease shall commence on the earliest of the following dates("Lease Commencement Date"): a. December 1, 2012, provided Landlord has given Tenant the notice described in paragraph 1(c) at least sixty (60) days before that date; b. March 1, 2013, provided Landlord has given Tenant the notice described in paragraph 1(c) at least sixty (60) days before that date; c. June 1, 2013, provided Landlord has given Tenant the notice described in pazagraph 1(c) at least sixty (60) days before that date; d. July 1, 2013, provided Landlord has given Tenant the notice described in paragraph 1(c) at least sixty (60) days before that date; e. August 1, 2013, provided Landlord has given Tenant the notice described in paragraph 1(c) at least sixty (60) days before that date; or f. Any such other date as Landlord and Tenant may agree to in a writing signed by authorized representatives of both parties. This Lease shall expire exactly seven (7) calendar years after the Lease Commencement Date unless sooner terminated or renewed as herein provided. The first Lease Year Anniversary shall be the date twelve (12) calendar months after the first day of the first full month immediately following the Lease Commencement Date and successive Lease Year Anniversaries shall be the date twelve (12) calendaz months from the previous Lease Year Anniversary. Tenant shall have the option of renewing this Lease, upon written notice given to Landlord at least one hundred and twenty (120) days prior to the end of the then expiring term of this Lease, for two (2) additional term(s) of two (2) years each. RENTAL 3. Tenant agrees to pay Landlord (or its Agent as directed by Landlord), without notice, demand, deduction or set off, an annual rental of seventeen dollars and twenty-five cents ($17.25) dollars per gross square foot of the Premises. Tenant may, at is sole discretion, pay this rent annually in annual lump sums or in equal monthly installments of one and seven sixteenths of a dollar ($1.4375) per gross square foot of the Premises, exact square footage to be determined after a certificate of occupancy for the building has been issued. As of October 26, 2011, non-finalized plans show a gross footage of 7,382 square feet If Tenant opts to pay rent monthly, then (a) the first rental payment shall be made on or by the Lease Commencement Date, and subsequent rental payments shall be on the fast calendar day of each month, and (b) rental for any period during the term hereof which is less than one month shall be the pro-rated portion of the monthly installment of rental due, based upon a 30 day month. If Tenant opts to pay rent annually, then (a~ rental payments shall be made monthly for the period of occupancy between the Lease Commencement Date and the fifteenth (15 ) day of the following August, and subsequent rental payments shall be made on the fifteenth (15'x) day of that and each subsequent August, and (b) rental for any period during the term hereof which is less than one month or one year shall be the pro-rated portion of the monthly or annual installment of rental due, based upon a 30-day month and a 365-day year. Tenant shall have the option of switching from month-to-month to annual rental payments and vice versa at is sole discretion provided rental payments are timely made and there are no periods of occupancy for which Tenant has not made an advance monthly or annual rental payment.