2017-140 Council Resolution - Laserfiche WebLink

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within thirty (30) days following receipt of an invoice together with reasonable supporting documentation evidencing such costs. 6. Equipment Costs. The Equipment will be owned and installed by Tenant at Tenant's cost. Any construction plans and specifications are subject to Engineer's approval, such approval not to be unreasonably withheld, conditioned or delayed. Subsequent maintenance and replacement of the Equipment will be the responsibility of and at the discretion of Tenant. 7. Term. This Agreement will be for a term of five (5) years, commencing on March 14, 2017 (the "Initial Term"). This Agreement will be automatically renewed for three (3) additional five-year terms subject to the same terms and conditions of this Agreement (each an "Additional Term"), unless one party provides the other party with 180 day written notice of its intention not to renew prior to the expiration of the Initial Term or any Additional Term. 8. Fee. Tenant will pay Owner a monthly fee of $2,900.00. The monthly rent payment will increase by 4% of the monthly fee each year of this Agreement beginning March 1, 2018 and on each anniversary of March 1 thereafter. Payment will be due and payable on the first day of each month for the term of this Agreement. If payment has not been received by Owner within fifteen (15) days of the due date, a late fee of $100 be applied. Failure to pay within thirty (30) days following receipt of written notice of such failure to pay may result in termination of this Agreement. 9. Use of the Leased Property. Tenant may use the Leased Property for the limited purpose of constructing, maintaining, and operating equipment to provide Telecommunication services and uses incidental thereto. All improvements will be at Tenant's expense. Tenant must maintain the Leased Property in reasonable condition and in a manner not causing any damage to Owner's Property or equipment. 5