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Resolution 2010-22
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Resolution 2010-22
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Last modified
11/29/2023 8:57:12 AM
Creation date
8/24/2010 4:43:24 PM
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City Council Records
Also Known As (aka)
Post Office Bldg_637 Front St Lease 2010 - LuckyPie
Doc Type
Resolution
Signed Date
4/20/2010
Ord/Res - Year
2010
Ord/Res - Number
22
Subdivision Name
Louisville Town of
Cross-Reference
Lucky Pie
LuckyPie
Original Hardcopy Storage
7D5 - Resolution 920/PO - POST OFFICE, 637 FRONT ST
Record Series Code
45.160
Record Series Name
Resolutions
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RES 2010-22
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in which event advance notice is not required but shall be given as soon as reasonably <br />practicable), LANDLORD shall have the right to enter the Premises and to make such repairs at <br />TENANT's expense, and upon completion thereof TENANT shall pay as additional rent <br />LANDLORD'S reasonable costs for making such repairs upon presentation of the bill therefor. <br />Such payment shall be due within thirty (30) days after TENANT's receipt of an invoice therefor. <br />ARTICLE 6 — ACCEPTANCE & TENANT IMPROVEMENTS <br />6.1 LANDLORD'S WORK. LANDLORD shall deliver the Premises to TENANT <br />upon commencement of the term of this Lease. LANDLORD, at its expense and in a reasonable <br />period of time not to exceed sixty (60) days after the execution of this Lease, shall complete the <br />repairs and other items listed in Exhibit B (the LANDLORD'S Work), attached hereto and <br />incorporated herein by this reference. Except as provided in the immediately foregoing sentence, <br />the taking of possession of the Premises shall be deemed an acceptance of the same by TENANT <br />in its "AS IS" condition without representation or warranty or representation of any kind as to <br />the condition thereof, and without any obligation of LANDLORD to modify or improve the <br />Premises for TENANT. Notwithstanding the foregoing provisions of this Section 6.1, <br />LANDLORD shall have until April 30, 2010, to complete its cost estimating for the <br />LANDLORD'S Work and determine, in LANDLORD'S absolute discretion, whether to proceed <br />with the LANDLORD'S Work. If LANDLORD determines not to proceed, LANDLORD may <br />by written notice given from the City Manager to TENANT by 5:00 p.m. MST on April 30, 2010 <br />terminate this Lease, in which case this Lease shall be of no further effect and the parties shall be <br />released of all obligations hereunder. If LANDLORD does not provide such notice by such date <br />and time, LANDLORD'S right of termination under this Section 6.1 shall be deemed expired, <br />and LANDLORD shall proceed with LANDLORD'S Work. LANDLORD may by written <br />notice given prior to April 30, 2010 waive its right of termination under this Section 6.1. <br />6.2 TENANTS IMPROVEMENTS. TENANT at its sole cost and expense shall be <br />responsible for construction, alterations, replacements, additions, repairs, fixtures, and <br />improvements to the Premises required for TENANT's use. All work affecting the exterior of <br />the building, or the floor, parking lot, load -bearing walls or exterior lighting, shall be completed <br />according to plans and specifications that are satisfactory to and approved by LANDLORD in <br />advance of the commencement of such work. No such work shall be commenced unless and until <br />final written plans and specifications have been submitted to and approved by LANDLORD, in <br />LANDLORD's reasonable discretion. Any such plans and specifications shall include a site plan, <br />elevations, and all other information required for issuance of a building permit, and shall be <br />prepared and submitted to LANDLORD at least ten (10) days prior to the date of <br />commencement of the work. LANDLORD shall have five (5) days from receipt thereof to <br />disapprove of such plans and specifications. All work shall be completed in compliance with all <br />codes, ordinances, rules and regulations of any authority, in a good and workmanlike manner by <br />licensed contractors with appropriate building permits. TENANT shall indemnify and hold <br />harmless LANDLORD from all expense, liens, claims or damages to either persons or property <br />arising out of or resulting from any such construction and TENANT agrees that all contractors <br />performing work on the Premises shall maintain commercial liability insurance of at least Two <br />Million and No/100 Dollars ($2,000,000.00). All entries on the Premises and all work done by or <br />on behalf of the TENANT shall be at TENANT's sole risk. Nothing herein shall be construed to <br />5 <br />
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