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18-35 Resolution Approving Continuance of Human Commission Rights Lease
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18-35 Resolution Approving Continuance of Human Commission Rights Lease
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7/23/2018 2:12:44 PM
Creation date
7/18/2018 11:56:09 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
7/23/2018
Bill Number
18-35
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7. Snow removal, landscaping and any and all other common area maintenance costs <br /> related to public areas, including sidewalks and landscaping on the Building's site. <br /> B. Except as provided otherwise in this paragraph, Tenant shall pay to Landlord <br /> as part of the Rental 32.92% of the Operating Cost within fifteen (15) days after delivery to <br /> Tenant of a statement of the Operating Cost and a computation of Tenant's share of the <br /> Operating Cost. <br /> C. Landlord may estimate the Operating Cost for the Building for any calendar <br /> year. Such costs for 2019 are estimated to be $4.50 per square foot, which rate excludes real <br /> property taxes allocable to the portion of the Building occupied by Tenant. Landlord shall <br /> notify Tenant at least fifteen (15) days prior to the next Rental payment date and Tenant shall <br /> pay to Landlord as part of the Rental 32.92% of such estimated annual cost. Estimated annual <br /> Operating Cost shall be payable in monthly installments as nearly equal as possible beginning <br /> on the Rental payment date next following the date of notice to Tenant as above stated and <br /> ending on the last Rental payment date for such calendar year. Within a reasonable period of <br /> time after the end of such calendar year, Landlord shall render to Tenant a statement of the <br /> Operating Cost for such calendar year and a computation of Tenant's share of the <br /> Operating Cost. Within fifteen(15) days thereafter,Tenant shall pay to Landlord Tenant's <br /> share of the Operating Cost, less amounts previously paid by Tenants as a result of <br /> Landlord's estimate. If the computation shows that a refund is due Tenant, such amount <br /> shall be credited by Landlord against the next Rental payment due. Tenant shall have the <br /> right to see and examine original records of invoices, estimates and other proof of <br /> Landlord's operating costs upon request. <br /> D. In accordance with Indiana law, all payments by the City under this Lease <br />
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