Res 2002-013 - Laserfiche WebLink

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2.02. Rental shall accrue from the commencement date of this Lease, and shall be payable at the place designated for the delivery of notices to the Lessor in paragraph 15.11. 2.03 As further consideration, Lessee agrees to pay to City a franchise fee in the form of a monthly fee equal to one percent (1 %) of the Lessee's gross income from all commercial activity at the Airport, excluding sales or services to federal, state or local governments or other tax exempt organizations or agencies. Payment, without deduction for facility improvements or any other capital outlay, is to be made within ten (10) days of the last day of the previous month and shall be based on Lessee's income during the previous month. 2.04. If the Lessee fails to pay any rent or any other sum payable to the Lessor under the terms of this Lease when due, then interest at the maximum legal rate in the State of Texas shall accrue from the date on which the sum became due and payable. 2.05. The term ofthis Lease will commence on January 1, 2002. Article 3. Use and Care of Premises 3.01. The use of the Leased Premises by the Lessee shall be restricted to aviation purposes, unless otherwise approved in writing by the Lessor and the City. Specifically, the Leased Premises shall be used and occupied for the following business activity: Refurbishment of general aviation aircraft, most of which will be light twin-engine aircraft, to include stripping and painting booths. The Lessee shall not use the Leased Premises for any other purpose without the advance written consent of the Lessor. The Lessee shall use the Leased Premises in good faith continuously for this purpose throughout the term of this Lease. The Lessee shall not leave the Leased Premises vacant at any time, and shall keep the Leased Premises open to the public for business during normal business hours. 3.02. The Lessee shall not place or keep anything on the Leased Premises or use the Leased Premises for any purpose which increases the insurance premium cost or invalidates any insurance policy carried on the Leased Premises without the Lessor's prior written consent. The Lessee agrees that the risk of loss and damage for all property kept, stored or maintained by it within the Leased Premises shall be the Lessee's. 3.03. The Lessee shall not use or permit the use of the Leased Premises in any manner that results in waste of the Leased Premises, or constitutes a nuisance, or violates any statute, ordinance, rule or regulation that applies to the Leased Premises. 3.04. The Lessee shall keep the Leased Premises, including ramps, signs, sidewalks, service ways, and loading areas adjacent to the Leased Premises, neat, clean, and free from dirt and trash at all times. The Lessee shall provide containers for all trash on the Leased Premises, and shall arrange for the regular removal of the trash at the Lessee's expense. 2