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Term o� Lease �vith E. H, tiVilimus Properties for 7502 sQuare f eet of <br />office space at 2575 North Fairview Avenue <br />1. T�� o£ Lease - 3 years January 1, 1975 to Decemher �1, 1977 <br />2. Lease Rate -$4.18 per square foot. Th�s rate includes carpeting <br />throughout, finished suspended accoustical ceiling with recessed lighting <br />fixtures, separately me�ered heating, ventilating and air conditioning <br />system, and a leasehold improvement allowance of $3,500 to be appiied to <br />the following items: <br />a, drapexies <br />b. electxical switches and ou�lets <br />c. finished interior partiitions <br />3. Pro rata share of building insurance would not exceed $.05 per square foot <br />pex year and pro rata share of outside mazn�enance tiaould not exceed $.10 <br />per squaxe foot. The maximum cost for building insurance would be <br />$375.�0 annually or $�,125.30 for the three year period; and the maximum <br />cost for outside maintenance would be $750.20 annually ox �2,250.00 fox the <br />three year period. <br />4. Three yeax cost of lease �s $94,075.2Q from January 1, 1975 through <br />December 31, 1977 payable in equal monthly installments of $2,613.74. <br />5. �tion to Renew: The City may renew for 3 year pexzod under same terms <br />except the rental shall be increased in tihe percentage the Consumex Price <br />Index of BLS has incxeased from Januaxy 1975 to January 1978. <br />6. 0 tion to Cancel: The City may cancel lease no later than November 21, 1974 <br />w�ithout any further obligation and shall pay a sum o� $1,500.00. <br />7. Utilities: City pays alI utilities. <br />8. Taxes and Assessments: Ren� figure inc�udes $.18 for taxes and special <br />assessments. If any one yeax fihe taxes to the ieasar exceed $.18 pex <br />square foot per annum, the �essee will pay his proportionate share o£ the <br />excess. On the basxs o� the information availab�e it is estimated �hat <br />taxes and assessments over the $.18 a�lowance would be an additional �bOp- <br />$800 for each of the next 3 years. <br />9. Par__ king; <br />3.0. Occupancy: <br />Sufficient space for SO cars. <br />I�o rent wi7.J. be charged fox occupancy prior to .ianuary 1, 1975. <br />