97-067 Ordinance - Laserfiche WebLink

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lease, it will negotiate with Lessor a long term lease for the "outside parcels". The said "outside parcels" are identified in Exhibit C attached to this lease. The parties agree that said negotiations will commence on or before September 1, 1997. C. Right to Terminate. In the event the cable franchise granted Lessee by the City of North Olmsted is validly revoked or terminated pursuant to the Renewal Franchise Agreement between Lessor and Lessee as authorized by Ordinance No. 96-88 adopted by the City of North Olmsted, or pursuant to law, this lease shall be terminated without further liability to either party. In addition, the City of North Olmsted may, with or without cause, terminate this lease at any time, upon giving 90 days advance notice in writing to Lessee. 3) Rent. In consideration of said demise, Lessee covenants and agrees to pay to Lessor, as rent for the use of said demised premises for the term hereof, the sum of Sixty Thousand Dollars ($60,000.00) per year, in equal monthly installments of Five Thousand Dollars ($5,000.00) each, payable in current legal tender of the United States of America, as the same is then by law constituted. All such sums are due and payable in advance, on the first day of each and every calendar month during said term, at 5206 Dover Center Road, North Olmsted, Ohio 44070, or at such other place as Lessor may in writing designate. If this lease commences other than on the first day of the month, the rent shall be prorated based on the part month in question. 4) Use. The demised real estate shall be used primarily as follows: (i) Parcel No. 1 shall be used primarily for Lessee's studio and offices; (ii) Parcel No. 2 shall be used primarily for parking of Lessee's cars and service vehicles; and (iii) Parcel No. 3 shall be used primarily for Lessee's receiving equipment, head-end facility, earth station, tower, etc. In addition, the Lessee shall have the right to use the demised real estate for all activities necessary or incidental to the operation of a franchise cable system; provided, however, that the demised real estate and improvements thereupon shall be used at all times in accordance with all rules, regulations, and ordinances of the City of North Olmsted. 5) Taxes and Other Charges Pays~ble by Lessee. Said Lessee agrees, in addition to the rent hereinbefore provided and as a part of the consideration for this lease, to bear, pay and discharge, at Lessee's own cost and expense and as promptly as the same shall become due (and before any penalty is added thereto or imposed thereon because of nonpayment), all legal taxes, assessments (both general and special), levies, license fees, dues, ministerial rents, water rents, 2