Res 1993-021 - Laserfiche WebLink

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2.1o 2.2, 2.3. 2.4. ARTICLE II. Rent/~er~. Rental shall accrue hereunder from the commencement date of this Lease as provided below, and shall be payable at the place designated for the delivery of notices to Lessor at the time of payment. Lessee shall pay to Lessor a fixed rental in the sum of THREE HUNDRED and no/100 Dollars ($300.00) per year for the overall Leased Premises as described in Exhibit "A" and an additional SIX HUNDRED and no/100 Dollars $600.00) per month for the buildings, as described in Exhibit "A." The payment for this fixed rental shall be paid in equal monthly installments in the amount of SIX HUNDRED TWENTY-FIVE and no/100 Dollars ($625.00) and shall be due and payable on the last day of the month for the succeeding month. For the duration of this Lease, the Lessee is authorized to claim a credit against these annual fixed rental fees, and these annual fixed fees only, the cost of completed permanent capital improvements to the Leased Premises that are specifically approved and authorized in advance by the Lessor as stated in Article V of this Lease. Under no circumstances will the Lessor be responsible for the cost of any improvements made by the Lessee that exceed the fixed rental fees due and payable during the terms of this Lease. As further consideration, Lessee agrees to pay to Lessor a percentage rental 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 Lessor's income during the previous month. Lessee agrees to pay to Lessor a monthly fee for the use of tie-down or any other facilities for aircraft, motor vehicles or --2--