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2008-00332 Contract
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2008-00332 Contract
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Last modified
1/28/2011 2:48:23 AM
Creation date
8/24/2010 12:56:49 PM
Metadata
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Template:
PW_Operating
PW_Document_Type_ Operating
Contracts
Fiscal_Year
2008
PW_Division
Administration
GL_Fund
131
GL_ORG
8910
Identification_Number
2008100520
COE_Contract_Number
2008-00332
External_View
No
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Exhibit B - Tenant Improvements Provisions <br />Parkview Place Building <br />Real Property Lease <br />Improvements. <br />Tenant accepts the Leased Premises from Landlord in "AS IS" condition, except for the following: <br />Landlord shall construct the improvements in the Premises substantially in accordance with the <br />approved final plans and specifications and working drawings, and shall perform all construction in <br />good workmanlike manner. <br />Landlord shall provide a Tenant Improvement allowance of up to $30.00 per useable square foot <br />($115,800.001. Such amount will be applied against construction expenses, to include, space <br />design architectural costs, fees and permitting, and any construction expenses for Tenant's Leased <br />Premises upon completion of all work and removal of any potential construction liens. <br />Any costs and expenses exceeding Tenant Improvement allowance shall be billed directly to the <br />Tenant for reimbursement to the Landlord. Tenant may elect to amortize the balance due over the <br />initial term,of the lease (first 60 months) at a ten percent (10%) interest rate. <br />Should Tenant choose to amortize the Tenant Improvement overage amount over the term of the <br />lease, it shall be paid back by Tenant to Landlord as additional monthly rent beginning at Lease <br />Commencement as set forth in Section 1.1 of the lease. <br />Tenants pre-lease negotiation payment of $10,000 shall be applied toward Tenant's share of <br />Tenant. Improvements. <br />Lease Agreement - 22 ,a P1~ase Init~ <br />/Landlord Tenant <br />
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