Res 2010-062 - Laserfiche WebLink

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THE STATE OF TEXAS COUNTY OF CALDWELL LEASE AGREEMENT FOR OFFICE SPACE This is a Lease Agreement made and entered into between Ibex Leasing Company, hereinafter referred to as "Lessor ", and the City of San Marcos, Texas, hereinafter referred to as "Lessee ", whether one or more. 1.1 The Leased Premises. Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor the "Leased Premises" which consists of all of the following: (a) Office Space. Exclusive use of the building known as 1003 West San Antonio Street (the "Building "). Such space is located in Professional Plaza, an office park (hereinafter called the "Development "), which is located on a tract of land (the "Land ") described as follows: 1.7 acres of land, more or less, being a part of and out of the F. Berry Survey, Abstract #2, Lockhart, Caldwell County Texas, and being that certain tract of land conveyed by Richard Fielder to J. Tom Connolly be deed dated October 13, 1972, and recorded in Volume 351 of the Deed Records of Caldwell County, Texas. The Leased Premises' street address is: 1003 San Antonino Street, Lockhart, Texas, 78644. (b) Exterior Common Area. Non - exclusive rights to use the exterior common area located outside the buildings on the above - described land, i.e., loading areas, sidewalks, driveways, parking areas, and other open areas (if any), subject to Paragraph 9.2 on parking. The term "Leased Premises" shall mean Lessee's office space and the common area of which Lessee has non - exclusive use. The terms "Office Space ", "Common Area ", "Building ", "Development ", and "Land" as used in this Lease shall have the meanings set forth above. 1.2. Use. Lessee's office space shall be used only for professional offices. 1.3. Net Rentable Area. Lessee's "Net Rentable Area" is, based on Caldwell County Central Appraisal District figures, 1466 square feet. 2.1 Base Rent. Lessee shall pay to Lessor a base rent in the sum of $10,800.00 per calendar year (which amounts to $900.00 per calendar month). Lessor and Lessee hereby agree and confirm that the Lessee's Net Rentable Area is the floor plan attached hereto as Exhibit "A" which is an approximation and may not accurately reflect Lessee's Net Rentable Area agreed to herein. (Also, see Exhibit D, Special Provisions) 2.2 One- twelfth of the yearly base rent is due on the first day of each calendar month and shall be deemed as delinquent if not paid on that date. If any rent payment is not received by Lessor within 5 days after its due date, Lessee shall pay a late charge of 5% of rent payment. Payment of rent by check shall be on a bank based in the United States. Les 1 pay all applicable bank charges incurred by Lessor plus $20.00 for each returned Lessor: 1 Lessee: W.I.C. Lease