Resolution 2010-08 - Laserfiche WebLink

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SITE NAME: Louisville Recreational Center SITE NUMBmc CO. DEN1ll3 conditions of this Lease, except that the monthly Rent for such holdover period shan be one hundred fifty percent (150%) of the Rent paid for the period immediately prior to the commencement of such holding over. 5. Rent. 5.1 Beginning the first day of the second year of the Initial Term and on the first day of each month thereafter, Tenant shall pay to Landlord as rent One Thousand Five Hundred and 001100 Dollars ($1,500.00) per month ("Rent"). Rent for any fractional month at the beginning or at the end of the Term or Renewal Term shall be prorated. Rent shall be payable to Landlord at City of Louisville, 749 Main Street, Louisville, CO 80027; Attention: Finance Director. Landlord shall provide Tenant with an accurate and executed W-9 Form. 5.2 Rent shall be increased at the commencement of each Renewal Term by an amount equal to twenty percent (20%) ofthe Rent for thl: previous Term or Renewal Term. 5.3 As additional consideration for Landlord entering into the Agreement, Tenant shall pay to Landlord a one time signing bonus in the amount of Twenty Five Thousand and 00/100 Dollars ($25,000.00). The one-time signing bonus shall be due thirty (30) days after Tenant receives final government approval (e.g., a valid building permit) to commence construction of Tenant Facilities. 5.4 Tenant shall palY Landlord a late payment charge equal to ten percent (10%) of the late payment for any payment not paid when due. Any amounts not paid shall bear interest at the rate of two percent (2%) per month. 6. Improvements. 6.1 Tenant has the right to construct, maintain, install, repair secure, replace, remove and operate on the Premises radio communications facilities, including but not limited to a tower or pole and foundation, utility lines, transmission lines, an air conditioned equipment shelter, electronic equipment, transmitting and receiving antennas, microwave dishes, antc~nnas and equipment, a power generator and generator pad, and supporting equipment and structures therefor ("Temmt Facilities"). Notwithstanding the foregoing or any other provision hereof, the Tenant Facilities shall consist of no more improvements than that as reflected on Exhibit B unless approved by Landlord in accordance with Paragraph 6.2. In connection therewith, Tenant has the right to do all work necessary to prepare, add, maintain and alter the Premises for Tenant's communications operations and to install utility lines and transmission lim:s connecting antennas to transmitters and receivers. All of Tenant's construction and installation work shall be performed at Tenant's sole cost and expense and in a good and workmanlike manner and according to plans approved by the Landlord pursuant to Paragraph 6.2 herein. Title to the Tenant Facilities and any equipment placed on the Premises by Tenant shall be held by Tenant or its lenders or assigns and are not fixtures. Tenant has the right to remove the Tenant Facilities at its sole expense on or before the expiration or earlier termination of this Agreement, and Tenant shall repair any damage to the Premises caused by such removal. Upon the expiration or earlier termination of this Agreement, Tenant shall remove the Tenant Facilities from the Property. Tenant shall not be obligated to remove any foundation more than one (1) foot below grade level. 6.2 Prior to commencement of construction of the Tenant Facilities, and prior to any substantial alteration or modification to the Tenant Facilities (excluding routine maintenance, repairs, the like-kind replacement of the Tenant Facilities, or any modifications to the interior of the equipment shelter or items housed therein), Tenant shall submit copies of the site plan and specifications ("Plans") to Landlord for prior approval, which approval win not be unreasonably withheld, conditioned, or delayed. In the event Landlord denies the Plans, Landlord agrees to cooperate with Tenant by providing comments and redlines. Landlord reserves the right to receive additional consideration in exchange for giving its approval of any alterations or modifications which increase the size or materially alter the appearance of the Tenant Facilities or increase the area of the Premises occupied by Tenant Facilities. 6.3 Within thirty (30) days of completion ofthe installation of the Tenant Facilities, Tenant shall provide Landlord with as-built drawings of all Tenant Facilities installed on the Premises and a list of all installed Tenant Facilities. To the extent required by local law, ordinance or code, Tenant shall also install and maintain in connection with the installed Tenant Facilities, marker posts for any underground facilities and markers in locations acceptable to Landlord listing current phonl~ numbers to call for line locates and 24-hour emergency contacts. ClCOlWireColllll1llllicalianTower "-- - 2- v.S-22.Q6