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11-Move to approve a resolution authorizing the execution of a lease with the City of Paris and Union Pacific Railroad Co.
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11-Move to approve a resolution authorizing the execution of a lease with the City of Paris and Union Pacific Railroad Co.
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CITY CLERK
Doc Name
11
Doc Type
Agenda
CITY CLERK - Date
4/26/2010
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Industrial Lease (Year To Year) 09-01-06 <br />(Unimproved Property) <br />Form Approved, Law <br />EXHIBIT B <br />TO <br />INDUSTRIAL LEASE (UNIMPROVED YEAR TO YEAR) <br />Section 1. IMPROVEMENTS. <br />No improvements placed upon the Premises by Lessee shall become ~ part of toe realty. <br />Section 2. RESERVATIONS. TITLE AND PRIOR RIGHTS. <br />A. Lessor reserves to itself, its agents and contractors, the right to enter <br />times as will not unreasonably interfere with Lessee's use of the Premises. <br />B. Lessor reserves (i) the exclusive right to permit third party placement <br />on the Premises, and (ii) the right to construct, maintain and operate new and existing <br />without limitation, trackage, fences, communication facilities, roadways and utilities <br />or under the Premises, and to grant to others such rights, provided that Lessee's use oi <br />interfered with unreasonably. <br />C. Lessee acknowledges that Lessor makes no representations or wa <br />implied, concerning the title to the Premises, and that the rights granted to Lessee unc <br />extend beyond such right, title or interest as Lessor may have in and to the Premises. <br />of the foregoing, this Lease is made subject to all outstanding rights, whether or nc <br />reserves the right to renew any such outstanding rights granted by Lessor or Lessor's r <br />D. Without limitation of Subparagraphs B. and C. above, Lessee shall <br />manner with the use or operation of any signboards now or hereafter placed on the F <br />property uses in connection with such signboards (such as, by way of example ar <br />roadways providing access to such signboards). In no event may Lessee construct I <br />improvements that interfere in any manner with the visibility or operation of any <br />hereafter on the Premises or on property in proximity to the Premises. <br />ie Premi~es at such <br />>f adve <br />sing signs <br />acilities <br />including, <br />upon, <br />er, across <br />the Pre <br />ises is not <br />ranties, <br />xpress or <br />;r this L <br />ase do not <br />Withou <br />limitation <br />of reco <br />. Lessar <br />edecess <br />s. <br />iot inter <br />re in any <br />emises <br />with any <br />l not in <br />imitation, <br />i the Pr <br />mises any <br />sivnboa <br />s now or <br />Section 3. PAYMENT OF RENT. <br />Rent (which includes the fixed advance rent and all other amounts <br />under this Lease) shall be paid in lawful money of the United States of America, at <br />designated by the Lessor, and without offset or deduction. <br />be paid <br />h place <br />Lessee <br />shall be <br />e on all <br />paid by <br />; Lessor <br />Section 4. TAXES AND ASSESSMENTS. <br />A. Lessee shall pay, prior to delinquency, all taYes levied during the life of this <br />personal property and improvements on the Premises not belonging to Lessor. If su h taxes <br />Lessor, either separately or as a part of the levy on Lessor's real property, Lessee sh 1 reimt <br />in full within thirty (30) days after rendition of Lessor's bill. <br />B. If the Premises are specially assessed for public improvements, the <br />automatically increased by 12% of the full assessment amount. <br />will be <br />89 <br />
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