Res 1984-102 - Laserfiche WebLink

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-3- It is further agreed that the minimum monthly rental rate set J::or the original term hereof will be increased twenty percent (20%) for the optional five year additional term provided for in paragraph 6. 8. RENT As rent for the premises, the LESSEE agrees to pay to the LESSOR at Post Office Box 666, San Marcos, Texas 78666, or at such other places as are mutually agreed upon the following amount(s): A. A minimum rental of Eleven Hundred and Seventy Five Dollars for the initial Five Year term hereof. The rent for each full calendar month, running from the first day of that month to the last day of that month, shall be paid, in advance, on or before the first (1st) day of that month. If the commencement date of the term of this lease shall be other than the first day of the calendar month, the rent for such partial month shall be calculated and prorated on the basis of a 30-day calendar month. 9. COMMENCEtvlENT DATE OF LEASE In order to establish the commencement date of this lease, as hereinabove referred to, LESSOR and LESSEE shall agree upon completion of construction as to the commencement date of the primary lease term, as set forth in paragraph 6. 10. TAXES All taxes assessed against the premises or taxes assessed in substitution thereof, and all mortgage payments or other charges required to discharge any lien or encumbrance that may affect the premises, and which is superior and prior to the terms of this lease and the rights of LESSEE hereunder, shall be paid by the LESSOR as the same shall become due. LESSEE agrees to pay all taxes assessed against property on the premises and owned by it. 11. USE LESSEE will use the leased premises for the following purposes: Performance of professional, administrative and clerical services by San Marcos, Texas Women's, Infants' and Children I s (WIC) Proj ect No. 36. 12. PUBLIC LIABILITY The LESSEE agrees to protect and save the LESSOR harmless from any and all claims of others for injuries to persons or property arising out of the occupancy or operation of the premises by the LESSEE and its sublessees, except such claims which arise out of negligent, intentional or willful acts of the LESSOR, or out of LESSOR'S failure to maintain the premises in accordance with paragraph 16 hereof (provided that if LESSEE has knowledge of the need for repairs, LESSEE must notify LESSOR thereof). LESSEE agrees to maintain, at its own expense, during the full term of this lease, a policy of public liability and property damage insurance issued by a reputable company authorized to do business in the State of Texas, in which policy LESSOR and LESSEE shall be named as co-insureds, and to furnish current certificates evidencing the existence of such insurance. Such policy shall provide coverage in an amount not less than $300,000.00 single limit combined bodily injury and property damage each occurrence, to cover all situations where any other person or persons claim personal inj ury, death, or property damage in or upon the premises.