Resolution No 37-2018 - Approval of Lease Located at 319 Niles Avenue for South Bend Human Rights Commission

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related to public areas, including sidewalks and landscaping on the Building's site. B. Except as provided otherwise in this paragraph, Tenant shall pay to Landlord as part of the Rental 32.92% of the Operating Cost within fifteen (15) days after delivery to Tenant of a statement of the Operating Cost and a computation of Tenant's share of the Operating Cost. C. Landlord may estimate the Operating Cost for the Building for any calendar year. Such costs for 2019 are estimated to be $4.50 per square foot, which rate excludes real property taxes allocable to the portion of the Building occupied by Tenant. Landlord shall notify Tenant at least fifteen (15) days prior to the next Rental payment date and Tenant shall pay to Landlord as part of the Rental 32.92% of such estimated annual cost. Estimated annual Operating Cost shall be payable in monthly installments as nearly equal as possible beginning on the Rental payment date next following the date of notice to Tenant as above stated and ending on the last Rental payment date for such calendar year. Within a reasonable period of time after the end of such calendar year, Landlord shall render to Tenant a statement of the Operating Cost for such calendar year and a computation of Tenant's share of the Operating Cost. Within fifteen (15) days thereafter, Tenant shall pay to Landlord Tenant's share of the Operating Cost, less amounts previously paid by Tenants as a result of Landlord's estimate. If the computation shows that a refund is due Tenant, such amount shall be credited by Landlord against the next Rental payment due. Tenant shall have the right to see and examine original records of invoices, estimates and other proof of Landlord's operating costs upon request. D. In accordance with Indiana law, all payments by the City under this Lease Agreement are subject to annual appropriation by its fiscal body. I