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1997 007 Ordinance
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1997 007 Ordinance
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Last modified
11/19/2018 4:04:38 PM
Creation date
9/4/2018 8:46:54 AM
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Legislation-Meeting Minutes
Document Type
Ordinance
Number
007
Date
2/17/1997
Year
1997
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~~ (iii) For the third five (5) years of the Term of <br />this Lease, tite total minimum rent shall be Eighty-Six Thousand <br />Four Hundred Dollars ($86,400.0.0), which sum shall be paid by <br />Tenant to Landlord in five (5) equal yearly installments of <br />Seventeen Thousand Two Iiundred Eighty Dollars ($17,280.00) each. <br />Tenant's obligation to pay the yearly installment of rent shall <br />commence on the tenth (10th) anniversary date of the Commencement <br />-Date of this Lease, and the annual rent shall be due and payable <br />thereafter on each of the successive four (4) anniversaries ' <br />thereof. <br />(iv) For the fourth five (5) years of the Term of <br />this Lease, the total minimum rent shall be One Hundred Three <br />Thousand Six Hundred Eighty Dollars ($103,680.00), which sum <br />~~~~' <br />shall be paid by Tenant to Landlord in five (5) equal ye~~r.l.y <br />installments of Twenty `1'ltousand Seven Iltindred `.Thirty-Six Dollars <br />' ($20,736.00) each. Tenant's obligation to pay the yearly in- <br />stallment of rent shall commence on the fifteenth (15th) anniver- <br />sary date of the Commencement Date of this Lease, and the annual <br />rent shall be due and pay~-tble tlter.eafter on each of the succes- <br />sive four (4) anniversaries thereof. <br />(v) For t11e fifth five (5) years of the Term of . <br />this Lease, the total minimum rent shall be One Hundred Twenty- <br />Four Thousand Four Hundred Dollars ($124,400.00), which sum shall <br />be paid by Tenant to Landlord in five (5) equal yearly install- <br />meets of Twenty-Four Thousand Eight Iiundred Eighty Dollars <br />-~ ($24,880.00) each. Tenant's obligation to pay the yearly in- <br />. ~~, <br />stallment of rent shall commence on the twentieth (20th) anniver- <br />sary date of the Commencement: Date of this Lease, and t:he annual <br />ren±: shalt Ise due and p~ty~ti~l.e thereafter on each of t.1te sticces- <br />~, sive four (4 ) anniversar. ie:.~ thereof. . <br />(vi) For. the si.xtit fives (5) years of the Term of <br />,,' this Lease, the .total mi.n.i.mum rent- shawl be One Iiundred Forty- <br />Nine Thousand Three Hundred Dollars. ($149,300.00), which sum <br />3. <br />
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