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RES 88-010 RESOLUTION AUTHORIZING THE MAYOR AND CITY MANAGER TO EXECUTE THE OFFICE SPACE LEASE WITH PHIL LaMERE, D/B/A BARBER STYLISTS, FOR RENTAL AT 2800 KENZIE TERRACE
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RES 88-010 RESOLUTION AUTHORIZING THE MAYOR AND CITY MANAGER TO EXECUTE THE OFFICE SPACE LEASE WITH PHIL LaMERE, D/B/A BARBER STYLISTS, FOR RENTAL AT 2800 KENZIE TERRACE
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RES 1988
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RES 88-010 RESOLUTION AUTHORIZING THE MAYOR AND CITY MANAGER TO EXECUTE THE OFFICE SPACE LEASE WITH PHIL LaMERE, D/B/A BARBER STYLISTS, FOR RENTAL AT 2800 KENZIE TERRACE
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• -7- <br /> Tenant agrees that, in addition to the right of termination related to <br /> termination of the Parkview lease as set forth in the preceding <br /> paragraph, Landlord shall have the right to terminate this lease at any <br /> time upon 30 days prior written notice to Tenant. In the event Landlord <br /> exercises its right to terminate this lease pursuant to this paragraph, <br /> Landlord will pay to Tenant a termination fee based upon the unamor- <br /> tized cost of certain improvements installed in the leased premises by <br /> Tenant. If the termination occurs during the first 12 months after the <br /> date hereof, the termination fee shall be $2 ,000. If the termination <br /> occurs in the second 12 month period, the termination fee shall be <br /> $1 , 500 . If the termination occurs in the third 12 month period, the <br /> termination fee shall be $1 ,000. If the termination occurs in the fourth <br /> 12 month period, the termination fee shall be $500. If this lease is <br /> terminated by Landlord any time after the fourth anniversary of the date <br /> of this lease, no termination fee will be paid to Tenant. <br /> ARTICLE 20. OTHER PROVISIONS. Attached is Exhibit A hereto and made <br /> a part hereof are Supplemental Provisions to this Lease relating to the <br /> following top or topics: Diagram of leased space. <br /> IN WITNESS WHEREOF, the parties hereto have executed this Lease the day <br /> and year first above written. <br /> • For: 'T OF ST. ANTHONY <br /> i <br /> 0 <br /> B <br /> Date -✓I t G-Nra)163r <br /> 26 (5o <br /> And: <br /> Date <br /> IUr City Manager <br /> For: PHIL LaMERE d/b/a <br /> BARBER STYLISTS <br /> By; <br /> Date Its <br /> • <br />
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