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Res 2024-247 approving a five-year Ground Lease Agreement with Frayezur Properties, LP to lease city-owned property
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Res 2024-247 approving a five-year Ground Lease Agreement with Frayezur Properties, LP to lease city-owned property
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City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2024-247
Date
12/17/2024
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c. Any requirements imposed by utility companies serving or insurance <br /> companies covering the Premises. <br /> 5. Pay annually, in advance, on the first day of the year, the Base Rent to Landlord at <br /> Landlord's Address. <br /> 6. Pay a late charge of 10 percent of any Rent not received by Landlord by the fifth <br /> day after it is due, plus 10 percent of additional unpaid balances for previous rents, <br /> recalculated and charged annually. <br /> 7. Obtain and pay for all Essential Services used by Tenant. <br /> 8. Pay, prior to delinquency, all taxes levied during the life of this lease on real <br /> property and improvements comprising of the Premises, together with all personal <br /> property and improvements on the Premises. <br /> 9. Allow Landlord to enter the Premises to perform Landlord's obligations, inspect <br /> the Premises, and show the Premises to prospective purchasers or tenants. <br /> 10. Repair, replace, and maintain the Premises, normal wear excepted. <br /> 11. Repair, replace, and maintain the (a) roof, (b) foundation, and (c) structural <br /> soundness of the exterior walls, excluding windows and doors. <br /> 12. Allow Landlord to file a financing statement perfecting the security interest created <br /> by this lease. <br /> 13. Vacate the Premises on the last day of the Term. <br /> 14. Provide Landlord written notice of any sublease or assignment at least 90 days prior <br /> to the Termination of this lease and at least 90 days prior to the commencement of <br /> any sublease or assignment. <br /> 15. Tenant shall not permit any sign on the Premises, except signs relating to Tenant's <br /> business that are authorized by permit from the Landlord. No political signs shall <br /> be placed on the Premises or on the adjacent city road right of ways. <br /> 16. INDEMNIFY, DEFEND, AND HOLD LANDLORD AND LIENHOLDER, AND <br /> THEIR RESPECTIVE AGENTS, HARMLESS FROM ANY INJURY (AND ANY <br /> RESULTING OR RELATED CLAIM, ACTION, LOSS, LIABILITY, OR <br /> REASONABLE EXPENSE, INCL UDING ATTORNEYS FEES AND OTHER FEES <br /> AND COURT AND OTHER COSTS) OCCURRING IN ANY PORTION OF THE <br /> PREMISES. THE INDEMNITY CONTAINED IN THIS PARAGRAPH (a) IS <br /> INDEPENDENT OF TENANT'S INSURANCE, (b) WILL NOT BE LIMITED <br /> BY COMPARATIVE NEGLIGENCE STATUTES OR DAMAGES PAID <br /> UNDER THE WORKERS'COMPENSATIONACT OR SIMILAR EMPLOYEE <br />
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