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01/08/2007 Council Packet
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01/08/2007 Council Packet
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City Council
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Council Packet
Meeting Date
01/08/2007
Council Meeting Type
Regular
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(b) immediately upon written notice by Tenant if Tenant notifies Landlord of any unacceptable results of any Tests prior to Tenant's <br />installation of the Antenna Facilities on the Premises, or if Tenant does not obtain, maintain, or otherwise forfeits or cancels any license (including, <br />without limitation, an FCC license), permit or any Governmental Approval necessary to the installation and/or operation of the Antenna Facilities or <br />Tenant's business; <br />(c) upon thirty (30) days' written notice by Tenant if Tenant determines that the Property or the Antenna Facilities are inappropriate or <br />unnecessary for Tenant's operations for economic or technological reasons; <br />(d) immediately upon written notice by Tenant if the Premises or the Antenna Facilities are destroyed or damaged so as in Tenant's <br />reasonable judgment to substantially and adversely affect the effective use of the Antenna Facilities. In such event, all rights and obligations of the <br />parties shall cease as of the date of the damage or destruction, and Tenant shall be entitled to the reimbursement of any Rent prepaid by Tenant. If <br />Tenant elects to continue this Lease, then all Rent shall abate until the Premises and/or the Antenna Facilities are restored to the condition existing <br />immediately prior to such damage or destruction; or <br />(e) at the time title to the Property transfers to a condemning authority pursuant to a taking of all or a portion of the Property sufficient in <br />Tenant's determination to render the Premises unsuitable for Tenant's use. Landlord and Tenant shall each be entitled to pursue their own separate <br />awards with respect to such taking. Sale of all or part of the Property to a purchaser with the power of eminent domain in the face of the exercise of <br />the power shall be treated as a taking by condemnation. <br />9. Default and Right to Cure. Notwithstanding anything contained herein to the contrary and without waiving any other rights granted to it <br />at law or in equity, each party shall have the right, but not the obligation, to terminate this Lease on written notice pursuant to Section 12 hereof, to <br />take effect immediately, if the other party fails to perform any covenant or commits a material breach of this Lease and fails to diligently pursue a <br />cure thereof to its completion after thirty (30) days' written notice specifying such failure of performance or default. <br />10. Taxes. Landlord shall pay when due all real property taxes for the Property, including the Premises. In the event that Landlord fails to <br />pay any such real property taxes or other fees and assessments, Tenant shall have the right, but not the obligation, to pay such owed amounts and <br />deduct them from Rent amounts due under this Lease. Notwithstanding the foregoing, Tenant shall pay any personal property tax, real property tax <br />or any other tax or £e which is directly attributable to the presence or installation of Tenant's Antenna Facilities, only for so long as this Lease <br />remains in effect. If Landlord receives notice of any personal property or real property tax assessment against Landlord, which may affect Tenant <br />and is directly attributable to Tenant's installation, Landlord shall provide timely notice of the assessment to Tenant sufficient to allow Tenant to <br />consent to or challenge such assessment, whether in a Court, administrative proceeding, or other venue, on behalf of Landlord and /or Tenant Further, <br />Landlord shall provide to Tenant any and all documentation associated with the assessment and shall execute any and all documents reasonably <br />necessary to effectuate the intent of this Section 10. In the event real property taxes are assessed against Landlord or Tenant for the Premises or the <br />Property, Tenant shall have the right, but not the obligation, to terminate this Lease without further liability after thirty (30) days' written notice to <br />Landlord, provided Tenant pays any real property taxes assessed as provided herein. <br />11. Insurance and Subrogation and Indemnification. <br />(a) Tenant and Landlord each will maintain Commercial General Liability insurance in amounts of One Million and no /100 Dollars <br />($1,000,000.00) per occurrence and Two Million and no /100 Dollars ($2,000,000.00) aggregate. Each party may satisfy this requirement by <br />obtaining the appropriate endorsement to any master policy of liability insurance such party may maintain. <br />(b) Tenant and Landlord shall each maintain "all risk" or "special causes of loss" property insurance on a replacement cost basis for their <br />respective owned real and /or personal property. <br />(c) Landlord and Tenant hereby mutually release each other (and their successors or assigns) from liability and waive all right of recovery <br />against the other for any loss or damage covered by their respective first party property insurance policies for all perils insured thereunder. In the <br />event of such insured loss, neither party's insurance company shall have a subrogated claim against the other. <br />(d) Subject to the property insurance waivers set forth in subsection 11(b), Landlord and Tenant each agree to indemnify and hold harmless <br />the other party from and against any and all claims, damages, costs and expenses. including reasonable attorney fees, to the extent caused by or arising <br />out of the negligent acts or omissions or willful misconduct in the operations or activities on the Property by the indemnifying party or the <br />employees, agents, contractors, licensees, tenants and /or subtenants of the indemnifying party, or a breach of any obligation of the indemnifying <br />party under this Lease. The indemnifying party's obligations under this section are contingent upon its receiving prompt written notice of any event <br />giving rise to an obligation to indemnify the other party and the indemnified party's granting it the right to control the defense and settlement of the <br />same. <br />Site Number A1N0108 -A <br />Site Name' Lino Lakes City Monopole <br />Market: Minneapolis <br />3 <br />-41- <br />Tower Lease — version 6.30.06 <br />
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