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Reso 2013-2096
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Reso 2013-2096
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Last modified
8/19/2013 4:30:31 PM
Creation date
7/24/2013 12:21:04 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2013-2096
Date (mm/dd/yyyy)
07/18/2013
Description
Lease Agmt for Restaurant & Bait Shop at Pier w/American Federated Title Corp
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(b) Maintenance. Without limiting the generality of the foregoing, LESSOR, by its <br /> officers, employees, agents, representatives, contractors and furnishers of utilities and other <br /> Services, shall have the right upon reasonable advance notice (except in case of emergency, in <br /> which case no notice is necessary), at its own cost and expense, for its own benefit or for the <br /> benefit of others than LESSEE, to maintain existing utility systems and to enter upon the <br /> Premises at all reasonable to make such repairs, replacements or alterations as may, in the <br /> reasonable opinion of LESSOR, be deemed necessary or advisable and from time to time to <br /> maintain such systems or parts of them and in connection with such maintenance. <br /> (c) No Eviction. The exercise of any or all of the foregoing rights by LESSOR or <br /> others to the extent permitted by this Lease or the law shall not be or be construed to be an <br /> eviction of LESSEE nor be made the grounds for any abatement of Rent nor any claim or <br /> demand for damages, consequential or otherwise, unless LESSOR breaches its covenants with <br /> respect to such access as provided in this Lease. <br /> (d) Police Powers. Nothing contained in this Lease shall be deemed to in any way <br /> limit LESSOR in the exercise of their police and regulatory powers or their powers of eminent <br /> domain. <br /> (e) Reservation of Space. Without charge to the LESSOR, the LESSEE shall provide <br /> the LESSOR with a working area within the bait shop to monitor activities on the Pier or for any <br /> public purpose. <br /> SECTION 16. ASSIGNMENT AND SUBLETTING. <br /> (a) Assignment. LESSEE shall not sell, convey, transfer or assign (all of the <br /> foregoing being deemed as an "Assignment") all or any portion of its interest in this Lease, <br /> without the prior written consent of LESSOR (which shall not be unreasonably withheld or <br /> delayed, provided that the factors set forth below are fulfilled to LESSOR's reasonable <br /> satisfaction), provided that no such Assignment shall be deemed valid or binding upon LESSOR <br /> and LESSEE shall not be released from its obligations under this Lease. For purposes of this <br /> Section, an "Assignment" will include: (i) any transfer of the Lease by merger, consolidation, <br /> liquidation or by operation of law, or (ii) if LESSEE is or becomes a corporation, any change or <br /> transfer (other than to Affiliates of shareholders or partners of the individuals first named as <br /> LESSEE in the Lease) in ownership or power to vote a majority of the outstanding voting stock <br /> thereof from those controlling the power to vote such stock on the date of the Lease, or (iii) if <br /> LESSEE is or becomes a limited or a general partnership, joint venture, or a limited liability <br /> company, any transfer of an interest in the partnership,joint venture or limited liability company <br /> (other than to an existing partner or member or any Affiliates of existing partners or members) <br /> resulting in a majority of the voting or equity interests of LESSEE being transferred. <br /> The factors upon which LESSOR may base its decision upon whether to grant consent <br /> under this Section will include, but not limited to: (A) whether LESSEE is or has been in default <br /> of this Lease, (B) whether the proposed assignee meets standards of creditworthiness and <br /> financial resources and responsibility as originally expected of the LESSEE, (C) whether the <br /> proposed assignee has the ability to perform the obligations of LESSEE hereunder, and (D) <br /> whether the proposed assignee has prior related business experience for operating or owning <br /> property for the Required Use comparable to that of LESSEE. <br /> 15 <br />
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