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<br /> ?r¡c... <br /> ..;;¡~ <br />\ <br /> Lessor to substantiate the amount of expenses claimed. <br /> Expenses which are allowed as rent credits, may be carried <br /> forward, from year to year, during this ten year period. <br /> Lessor shall have the right to deny any expense not arising <br /> as a direct result of Lessee moving to San Marcos and <br /> equipping additional businesses at the Airport. <br />i (2) Fuel flowage fees provided for in Paragraph A (2) shall be <br /> implemented according to the following graduated schedule: <br /> First Year - fuel flowage fee set at one percent (1%). <br /> Second Year - fuel flowage fee set at two percent (2%). <br /> Third Year - fuel flowage fee set at three percent (3%). <br /> (3) Land rental fees due under Paragraph B (2) above shall be <br /> implemented according to the following graduated schedule: <br /> First Year - two cents ($.02) per square foot per year. <br /> Second Year - three cents ($.03) per square foot per year. <br /> Third Year - four cents ($.04) per square foot per year. <br /> Should Lessee fail to render ONE MILLION and No/100 Dollars <br />($1,000,000.00) in taxable assets and 20 full-time jobs based at the <br />San Marcos Airport, in anyone of the first five years of this Lease, <br /> , <br />then for that year or years, none of the foregoing rental credits, set <br />forth in paragraph III (C) (1), will be allowed and rental fees for that <br />year or years will be due and owing in the amounts described under <br />paragraphs III (A) and (B), above. <br /> (4) For the duration of this Lease Agreement the Lessee is <br />authorized to claim a credit against fixed rental fees specified in <br />paragraph A(l), B (1) and B(2), and these fixed rental fees only, for <br />the cost of completed permanent capital improvements and additions to <br />the Leased Premises that are specifically approved and authorized in <br />advance by the Lessor. Such credit (if any) shall begin on the rental <br />paYment date following completion of the permanent capital <br />improvements. All such improvements and additions immediately upon <br />-- :::ompleted construction or erection upon the demised premises become <br />part of the demised premises thereby belonging to the Lessor, and <br />subject to all provisions of this agreement affecting the demised <br />premises. Costs incurred in completing these approved capital <br /> -4- <br />