1994-06-07 Resolution 92 - Laserfiche WebLink

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3. Section 3 of the Lease is amended to read as . follows: Section 3. Rental Payments. (a) During the term of this Lease, the Lessee agrees to pay rental for said premises as set forth in Section 4 hereof. Such rental shall be paid from the Century Center Principal and Interest Account (in the case of the Century Center Portion) and from the Hall of Fame Principal and Interest Account (in the case of the Hall of Fame Portion) of the Redevelopment District Bond Fund. All rentals payable under the terms of this Lease shall be paid to the Trustee or to such other bank or trust company as may from time to time succeed the Trustee under the Trust Agreements. All payments so made shall be considered as payments to the Authority of the rentals payable hereunder. The Lessee shall receive credit for any Bond maturing within seven (7) days of the date of the lease rental payment, at the face value thereof, which the Lessee acquires and delivers to the Trustee as a part of its lease rental payment; (b) as additional rental the Lessee agrees to pay all fees, charges and. reimbursement of expenses of the Trustee under the Trust Agreements and all prudent charges and expenses of the Authority incurred in the performance of its obligations hereunder. 4. Section 4 of the Lease is amended to read as follows: Section 4. Rental Payment Dates and Amounts. (a) Century Center Portion. The first semiannual rental installment for the Century Center Portion in the amount of Two Hundred Ninety-Seven Thousand and 00/100 Dollars ($297,000.00) shall be due on the day that the Century Center Portion is completed and ready for use or January 28, 1996, whichever is later. If completion is later than January 28, 1996, the first installment shall be in an amount which provides for rental at the rate specified in Exhibit C for the semiannual period in which the Century Center Portion is completed and ready for use, prorated from the date of completion until the first January 28 or July 28 following such date of completion. Thereafter such rentals for the Century Center Portion shall be payable in advance in semiannual installments on January 28 and July 28 of each year as provided for in the lease payment schedule attached hereto as Exhibit C. (b) Hall of Fame Portion. The first semiannual rental installment for the Hall of Fame Portion in the amount of Five Hundred Ninety-Two Thousand Fifty and 00/100 Dollars ($592,050.00) shall be due on the day that the Hall of Fame Portion is completed and ready for use -3-