CCP 04-27-1998 - Laserfiche WebLink

Home Browse Search

EXHIBIT B . LEASEHOLD IMPROVEMENTS PLANS AND SPECIFICATIONS Industrial Multi-Tenant Lease . -----~~~ dated April_. 199&, between City of Arden Hills (Lessee") and APT PROPERTY, L.P., a Delaware limited partnership ("'Lessor") This Exhibit B is attached to, made a part of, and subject to the Lease referred to above. l. Lessor agrees to cause the construction of, and, subject to paragraph 2 below, to pay the cost of, the leasehold improvements described in Paragraph 3 below (the "Leasehold Improvements"). The cost of the Leasehold Improvements shaH consist of all direct and indirect "hard" and "soft" costs of designing, developing, constructing, and completing the Leasehold Improvements, including, without limitation, the following: (a) The cost of preparing the space plan, construction drawings and specifications, and mechanical, electrical, and structural drawings and specifications, including the cost of any changes thereto required by either party hereto or by the Fire Department, Building or Planning Department, Building Inspector, or any other agency or authority having jurisdiction over the Industrial Center or the Leasehold Improvements; (b) All pennit and license fees and taxes and other governmental cbarges relating to the Leasehold Improvements; (c) All construction management and supervision fees; . (d) All costs of labor and materials employed or used in tbe construction of tbe Leasehold Improvements, including, without limitation, all amounts paid to contractors, architects, engineers, subcontractors, and materialmen and sign contractor; (e) All rental costs for necessary temporary facilities, machinery, equipment. and tools; (f) The cost of premiums for insurance and bonds, to the extent attributable to the undertaking of the work described in this Exhibit; and (g) All clean-up costs and other costs associated with the removal of debris. 2. Notwithstanding anything to the contrary provided herein, Lessor shall not be obligated to pay more than Four Thousand One Hundred and 00/100 Dollars ($4.100.00) (the '" Allowance'") toward the cost of the Leasehold Improvements. In the event that the cost of the Leasehold Improvements exceeds the Allowance, then Lessee shall pay upon demand from Lessor (together with supporting invoices), either to Lessor or, if Lessor so indicates, directly to the persons named as payees on such invoices. the cost of the Leasehold Improvements in excess of the Allowance. If Lessor directs Lessee to pay such amounts directly to the persons named as payees on such invoices, Lessee shall provide Lessor with evidence of such payment within ten (10) days of Lessor's original demand. In the event that Lessee fails to pay any amount required to be paid to Lessor pursuant to this paragraph 2 witbin ten (10) days of Lessor's original demand, then such amount shall bear interest at the lesser of two percent (2%) per month or the highest rate legally allowed. 3. The Leasehold Improvements shall consist of those improvements as shown on the plans and specifications attached hereto. 4. If delivery of possession of the Premises to Lessee is delayed as a result of delays .~ ,1' in completion of the improvements to the Premises for any of the following reasons: . (a) Lessee's request for substitution or additional improvements or changes in materials, finishes, or installations; or S;\,l.ADATAIA!.l8\l......\l.......UIAGlEE!.lENl%;llo1<O..".., page 25 (S:l<<DATA\..4MslcWERALIFORMS1RE1T.U;.,w.DOC)