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AG 2017 08 21
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AG 2017 08 21
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Last modified
8/24/2017 4:41:15 PM
Creation date
11/27/2017 10:29:54 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
8/21/2017
Board
Board of Commissioners
Meeting Type
Regular
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5. Lease Term. <br /> a) The Initial Term of the Lease shall be five (5) years commencing on the date e4--Tenant3 <br /> �F the ^lati 3Rstarts construction (the "Commencement Date"), and ending at midnight on the day <br /> immediately preceding the fifth (5t') anniversary of the Commencement Date(the"Initial Term").The Initial <br /> Term,together with any Renewal Terms and Extended Periods are referred to collectively as the"Term." <br /> b) The Initial Term shall automatically renew for fourf+ue(§4)successive renewal terms of five <br /> (5)years each(each a"Renewal Term"), provided, however,that Tenant may elect not to renew by providing <br /> notice prior to the expiration of the then current Term. <br /> 6. Rent/Other Charges. <br /> a) Upon the Commencement Date, Tenant shall pay Landlord rent in the amount of eight <br /> hundred Dollars($800.00)per month(the"Rent").Tenant shall deliver Rent to Landlord at the address specified <br /> in Section 15,or by electronic payment.The first Rent payment shall be due within twenty(20) business days <br /> after the Commencement Date. Subsequent Rent shall be payable by the fifth day of each month. <br /> b) The Rent for each successive Renewal Term shall bean amount equal to one hundred ten <br /> percent(110%)of the Rent for the immediately preceding Term.The Rent shall continue to be paid on a monthly <br /> basis. ° <br /> Q....t F..r th..immediately p .,did..T..pw. <br /> c) Rent for any partial month shall be prorated on a per day basis,based on the number of days <br /> in the month in question. Landlord shall cooperate with Tenant regarding the use of any electronic rent <br /> payment systems or the provision of any associated documentation. Tenant may condition payment of Rent <br /> and any other sums payable under this Agreement upon Tenant's receipt of a duly completed IRS form W-9,or <br /> similar governmental form. etheFwise the GhaFges shall' <br /> h. J......I t . h-r..d -..J F..... - . ..I ...I..I.-sed by @Hd I..J <br /> 7. Interference. Tenant shall not interfere with the radio frequency communications of Landlord or <br /> any of Landlord's existing tenants as of the Effective Date. After the Effective Date,Landlord shall not install,or <br /> permit any third party to install,any equipment or structures that interfere with or restrict the operations of <br /> Tenant. Any such interference shall be deemed a material breach of this Agreement by Landlord and Landlord <br /> shall remove the cause of the interference within forty-eight(48)hours of notice.Tenant shall have the right to <br /> exercise all legal and equitable rights and remedies to end the interference <br /> Site Number. 5CT0156A -2- Site Lease—vetsim 6.26.14 <br /> Site Name: Kannapolis <br /> Market Carolinas <br /> F-5 Page 87 <br />
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