Res 2007-122 - Laserfiche WebLink

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Operatina Procedures and Reaulations and the Minimum Standards for Fixed Base Operators and Airport Tenants, as they now exist or may be amended during the term of this Lease, and any conflict between this Lease and these procedures, regulations and standards will be resolved in favor of the procedures, regulations and standards. Article 2. Rent/Term 2.01. 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 City in paragraph 15.12. 2.02. The Lessee agrees to pay to the City a fixed rental in the sum of $0.20 per square foot per year for the entire area of the Leased Premises. The annual amount for the fixed rental shall be paid in equal quarterly installments in the amount of $ 1000.00 which shall be due and payable on the last day of the last month for the current quarter. 2.03. The Lessee agrees to pay to the City a fixed rental in the sum of $100.00 per Fuel Storage Tank for a total of $200.00 a year. First payment is to be made within 30 days of the commencement of the Lease as defined by paragraph 2.12. Subsequent payments shall be due within 30 days of the anniversary of the commencement date of the lease. 2.04. As further consideration, the Lessee agrees to pay to the City a percentage rental in the form of a monthly fee equal to one percent of the Lessee's gross income from all of the Lessee's commercial activity at the Leased Premises. This excludes sales or services to federal, state or local governments or other tax exempt organizations or agencies. Payment is to be made within ten days of the last day of the previous month and shall be based on the Lessee's income during the previous month. 2.05 As further consideration, the Lessee agrees to pay to the City a percentage rental in the form of a fuel flowage fee in the amount of 40/0 of the cost of all aviation fuel or gasoline delivered to Lessee. Payment is to be made within ten days of the last day of the last month of the previous quarter and shall be based deliveries received by Lessee during the previous quarter. 2.06. The City agrees to accept as advance payment of fixed rental due pursuant to paragraph 2.02 the agreed cost of the public taxiway and public parking lots to be constructed pursuant to paragraph 5.04 A and B. If the Lease is terminated for any reason during the term of advance payments pursuant to this paragraph Lessee is not entitled to any reimbursement. The cost of the public restroom and waiting room to be constructed pursuant to 5.04 C are not eligible for use as advanced payment. 2.07 If the agreed costs pursuant to paragraph 5.04 A and B exceed the total of the Fixed Rental payments due pursuant to paragraph 2.02 and 2.03 for the entire initial term of this Lease the excess agreed costs shall be credited towards the rentals due pursuant to paragraphs 2.04 and 2.05. The cost of the public restroom and waiting room and the fuel