Res 2003-032 - Laserfiche WebLink

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P. Warranty Deed. The Company shall provide to the City a recorded warranty deed pertaining to the proposed site granting a fee simple, unencumbered interest in the project site to the the City. Q. Site Surveys. The Company shall provide to the City a copy of the site survey used to award the construction contract(s) for the proposed real estate improvements depicting the dimensions of the project site, easements, encroachments, ingress and egress and including the location of the Company's proposed real estate improvements, flatwork, driveways and the connections to the public infrastructure. Upon completion of the facility, the Company will provide to the City another site survey depicting where the above improvements were actually made. R. Financial Statements. The Company shall provide to the City a copy of a compiled Balance Sheet and Income Statement on the Company (due 90 days after each fiscal year end) or an audited balance sheet and income statement (due 90 days after each fiscal year end) on an annual basis during the term of this Agreement. S. Any other relevant details or special conditions placed on this agreement as outlined between the City and the Company, to include all program related compliance responsibilities, shall be incorporated into this agreement as if they were written here. 4. LEASE PROVISIONS A. Property. The the City has leased and by these presents does hereby lease unto the Company the real property generally described as 10 acres more or less out of the Charles Henderson Survey #55, Abstract No. 226, Hays County Texas and more fully described in the attached Exhibit B ("Property"). The activities to be conducted on the Property are more fully described in the Performance Statement attached as Exhibit A. Company/ Lessee may use the premises to operate and conduct its business, including use of the lease premises for office, storage, manufacturing, and sales related thereto. B. Term and Commencement Date. The commencement date of this lease shall be February 10, 2003. The term of this lease will be ten (10) years from the commencement date, unless sooner terminated as provided by the lease. C. Early Entry Permitted. During the period between the execution of the iease and the commencement date of the lease term, the Company and its officers, employees and agents will have access to the leased premises for the purpose of moving in trade fixtures and equipment, provided that no occupancy of the Real Estate Improvements shall occur prior to the issuance of the Certificate of Substantial Completion by the Architect/Engineer and provided that no early entry by the Company shall be allowed to interfere directly or indirectly with the construction work being performed by the City. D. Company's Right to Terminate. If the Real Estate Improvements are not completed within the time required by this Agreement, the Company may give the City written notice of its intention to terminate the Lease. If construction is not completed within thirty (30) days of the City's receipt of this notice, the lease will terminate as of that date. E. Consideration. For and in consideration of the agreement to lease the property, the Company agrees to pay to the City, the overseer of the lease, a total of Two Hundred Fifty Thousand and No/100 Dollars ($250,000) over the term of the lease, which amount shall be paid in monthly installments of Two Thousand Eighty-four and No/100 Dollars ($2,084) per month, as fixed rent for the succeeding month. Such payments shall be due on the first day of each calendar month, and shall be delinquent on the fifteenth day of each month. Delinquent payments will be assessed a 5% late fee of One Hundred Four Dollars and No/100 ($104.00). The Company shall begin paying the monthly installments on the first day of the first month following the issuance of the Certificate of the Substantial Completion or Occupancy, whichever occurs first. 4 Initial as to approval: Company _ City_