2018-055 Resolution - Laserfiche WebLink

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lighting) below the 90' height, including but not limited to radar or lightening alert systems. It is the parties' intention that the Lessee's accommodation of Lessor equipment, at no cost, shall not displace or interfere with leasable tower space available to co -locators. Lessor shall provide Lessee with construction drawings depicting a Class 3 Tower for Lessee's review and approval prior to the installation of the equipment. Lessor shall also provide Lessee with a complete listing of the equipment which Lessor desires to install on the tower prior to Lessee purchasing the construction materials for the Improvements, as defined below. Lessor's rights, as provided above, shall only include the initial installation of equipment and shall not include any future modifications or improvements, unless such modifications and improvements do not impact the structural capacity of the tower site. 11. Initial Term. The term of this Lease shall be five (5) years commencing on the Commencement Date and terminating on the fifth (5"') anniversary of the Commencement Date ("Initial Term"). 12. Renewal Terms. Lessee shall have the right to extend this Lease for four (4) additional five (5) year terms ("Renewal Terms"). Each Renewal Term shall be on the same terms and conditions as set forth in this Lease except that Rent shall increase as provided in Paragraph 13. This Lease shall automatically be renewed for each successive Renewal Term unless Lessee notifies Lessor in writing of Lessee's intention not to renew the Lease at least thirty (30) days prior to the expiration of the Initial Term or the Renewal Term which is then in effect. 13. Consideration. During the Initial Term, Lessee shall pay Lessor the monthly sum of d One Thousand Five Hundred and No/100 Dollars ($1,500.00) ("Rent"). Rent shall be payable on the first day of each month in advance to Lessor at Lessor's address as specified in Paragraph 24 below. In year one (1) of the first Renewal Term, and each year thereafter, including throughout any additional Renewal Terms, the monthly Rent will increase by two percent (2%) over the Rent paid during the previous year. Lessee shall be entitled to withhold payment of the Rent until such time as Lessor executes and delivers a completed W-9 form to Lessee setting forth Lessor's federal tax identification number. Lessor acknowledges that the foregoing is a reasonable requirement in order to allow Lessee to comply with its legal requirements. Lessor agrees to accept payment of the Rent by direct deposit into its designated account via an electronic funds transfer and shall promptly execute and deliver to Lessee a completed authorization agreement together with such other information as Lessee may require. If this Lease is terminated at a time other than on the anniversary of the Commencement Date, Rent shall be prorated as of the date of termination and all Rent paid in advance of the termination date shall be refunded to Lessee. In the event that Lessee makes an overpayment of Rent or any other fee or charges to Lessor during the Initial Term or any Renewal Term of this Lease, Tenant may, but shall not be obligated to, treat any such overpayment as prepaid Rent and apply such amount as a credit against any future Rent, fee, or sum due to the Lessor. Lessor agrees to accept payment via electronic funds. 14. Improvements; Utilities; Access. (a) Subject to compliance with zoning review and approval, as well as issuance of building code permits, as necessary, including but not limited to landscaping or buffering requirements, Lessee shall have the right, at Lessee's sole cost and expense, to erect and maintain on the Premises all improvements, personal property and facilities necessary or desired for its Intended 3 TowerCo Site Name: N Olmsted Rec TowerCo Site Number: OH0391