Res 1984-102 - Laserfiche WebLink

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-2- A USE IN COMMON WITH OTHERS -r. The premises are to be located as approved by the parties and shown in red on the plot plan attached hereto as Exhibit "A". LESSOR agrees that the use and occupancy by the LESSEE of the premises shall include the use in common wi th others entitled thereto of the common areas, employees I parking areas, service roads, loading facilities, sidewalks, customers I parking areas, all as shown on Exhibit "A", subject, however, to the terms and conditions hereinafter set forth. LESSEE shall also have parking rights on the parking lots to the North and East of the subject center, which parking areas are a part of the Springtown Center which is also owned by LESSOR. 5. CONSTRUCTION The LESSOR agrees to cause construction of the premises in accordance with Exhibit "C", attached hereto and made a part hereof for all purposes. The leased premises which shall be provided are shown on the attached Exhibit "C", and LESSEE accepts such premises only as constructed and provided pursuant to the plans and specifications on said Exhibit "C". The LESSOR agrees that, at the option of the LESSEE, this lease shall become null and void if construction of the premises is not completed and ready for occupancy on or before February 1, 1985, causes or conditions beyond the control of LESSOR only, excepted; provided, however, that if the premises are not ready for occupancy on or before February 1, 1985, irrespective of cause, and irrespective of whether such cause is beyond the control of LESSOR, LESSEE, in its sole discretion is hereby granted the option to cancel and terminate this lease-. The LESSOR covenants that the premises to be constructed shall, at the co~~encement of the term hereof, be structurally sound and in good tenantable condition and that there shall be no latent defects therein. LESSOR further covenants that if defects therein become apparent at any time during this lease, and if such defects existed at the beginning of the term thereof, LESSOR shall cause the same to be repaired and corrected with all reasonable speed, so that the same will be in good tenantable condition. The premises shall be completed in every respect; in accordance with Exhibit "c" attached hereto. 6. TERM The LESSOR agrees to, and does hereby, lease the premises to the LESSEE for an original term of five years, commencing on the first business day after remodelling is completed on the leased premises. In no even t shall the opening date for business be more than ten days following the day when the construction of the premises is completed in accordance with the terms of this agreement. The commencement date of the term shall be endorsed as hereinafter provided, and the lease term sha 11 terminate at 12:01 a.m. on the last day of the five year term thereafter, or upon 30 days notice to LESSOR by LESSEE in the event that state funding for the WIC program is discontinued, whichever is sooner. 7. RENEWAL It is further agreed that, at the expiration of the original term, the LESSEE shall have the right, exercisable at its sole. option, to extend this lease for one additional term of five years. The LESSOR shall be notified of the LESSEE'S intent to exercise such option at least six (6) months prior to the end of the then current term. It is further agreed that LESSEE shall have the right, at its sole option, to extend this lease for an additional term not exceeding five (5) years, if necessary, to permit reconstruction and repair of the premises after its damage or destruction, in accordance with the provisions of paragraph 19 hereof.