98-037 Ordinance - Laserfiche WebLink

Home Browse Search

or capital levy tax, or tax of a similac nature, which said Lessor may be called upon to pay on account of Lessor's ownership of the real estate; provided, however, that in any case in which a tax may be levied, assessed or imposed upon the income arising from the rent hereunder for the use and occupancy of the demised real estate and improvements thereon in lieu of a real estate tax upon the same, or if at any time during the term of this lease the method of taxation prevailing at the commencement of the term hereof shall be altered so as to cause the whole or any part of the taxes, assessments, levies, impositions or charges now or hereafter levied, assessed or imposed on the real estate and the improvements thereon, to be levied, assessed or imposed wholly or partially as a capital levy or otherwise on the rents therefrom in lieu of a real estate tax upon the same, Lessee shall upon written request by Lessor reimburse the same to Lessor. However, Lessee's obligation hereunder shall be limited to the amount of the newly imposed taxes in lieu of real estate taxes solely to the extent that the Lessor would be taxed if this were the sole piece of real estate owned by Lessor. 6) Evidence Showing Pavment of Taxes. Upon written application of said Lessor, said Lessee shall furnish to said Lessor written evidence that all of the above enumerated taxes and assessments and other charges have been paid. In the event that said Lessee shall fail to pay any of the above enumerated taxes and assessments and other charges, said Lessor may pay the same, which shall be charged against said Lessee and also become a lien upon the interest of said Lessee in the premises, and shall bear interest at the rate of twelve percent (12%) per annum until repaid. 7) Utilities. The Lessee shall, during the continuance of this lease, pay for all heat, electric current, water, gas, telephone and other utilities used by Lessee in or upon the demised premises, such payment to be made directly to the utility company or department furnishing the same, and Lessee agrees to indemnify Lessor and save Lessor hannless against any liability or damages on such account. The Lessee shall also at Lessee's sole cost and expense procure any and all necessary permits, licenses or other authQrizations required for the lawful and proper installation and maintenance upon the demised real estate of wires, pipes, conduits, tubes and other equipment and appliances for use in supplying any such service to and upon the demised real estate. Lessor, however, agrees to execute any easements, licenses or other documents as shall be required to obtain the aforesaid utility services for use by Lessee. 3