Agenda - 06-29-1992 - Laserfiche WebLink

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J Section 2.1; Rent. The Friends would begin making Payments for rent directly to the Landlord. Based on the rent schedule as it was approved by the Board in May, 1991, the County's share (which would be paid to the Friends) would be as follows: Years 2 -3; $48,816 /annum; $4,068 /month Year 4; $56,448 /annum; $4,704 /month Year 5; $59,496 /annum; $4,958 /month Section 5.2; The County is currently responsible for routine maintenance and repairs to HVAC system through its Public Works Department. The Friends would assume that responsibility with a cost not to exceed $5,000 per year. Section 8.5; Tenant's Insurance. The Friends would be responsible for providing the following insurance coverages: a. Comprehensive General Liability insurance with a minimum of $1,000,000 coverage. (This insurance would cover the Friends if someone, other than an employee, were injured at the Center as a result of the Friend's negligence. For example, if their janitor were mopping the floor and did not post "wet floor" signs and a person fell and injured themselves, if a claim were brought the Friends would likely be deemed negligent.) The Friends also have some liability exposure through any subleases they execute. Liability issues and the provision of liability insurance by the Friend's sublessees should be addressed by whatever agreement is struck between them. Since the County is the Tenant of record, we assume.liability as a result of these subleases as well. If liability insurance is presented by any sublessees, such coverage should have both the County and the Friends as named insureds. b. Comprehensive property damage insurance in amount not less than $100,000. This would repair the Landlord's property in the event of damage as a result of negligence on the part of the Friends. For example, if a fire started as a result of a stove burner being left on in the kitchen area. Chapel Hill Senior Center Page 2