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pursuant to Clause 23 of the Base Lease Agreement will be abated and deemed to be included in the above-referenced rent payments, Also, since the city is a municipality, tax exempt status will apply. 2. Delivery of Leased Premises: Lessee is accepting the leased premises in as-is condition, except as otherwise set forth in the Lease, Lessee will undertake all work necessary in order to open the leased premises for business, including receipt of a Certificate of Use and Occupancy, and all zoning approvals and licenses, 3. Additional Access, At any time during the lease agreement, in the event the tenants occupying the space in front of the passenger elevators to the leased premises vacate, Lessor. with Lessee's written consent, may construct a handicap accessible elevator, etc. 4. Elevatorl ADA ReQuirement. Lessor agrees, at Lessor's sole cost and expense, to modify the existing shopping center elevators, if necessary, so that it meets all ADA requirements relating to access to elevators and acknowledges that Lessor may construct a handicapped-accessible hallway pursuant to paragraph 3 heretofore. However, that shall in no way affect Lessor's obligation to meet all the ADA requirements relating to access to elevators. After completing the original work necessary for Lessee to occupy the premises at lease commencement, Lessor agrees to make any future changes or improvements to the Leased Premises that may be mandated by applicable laws, ordinances, orders and regulations of federal, state. county or municipal authority now or hereafter in effect. Said changes or improvements shall be made by Lessor only when specifically required of Lessor by such authority or to the extent that Lessor's failure to make the improvements or changes prevent Lessee from operating in the premises. To the extent the existing conditions are "grandfathered in" and changes are not mandated on an immediate basis, Lessor may delay such work. Lessor shall make any ADA-related modifications in the first twelve (12) months of the Lease. 5. Access to Public, Lessor understands and agrees that the City of Sunny Isles Beach shall have meetings of the Commission and/or other boards that are publicly attended and Lessor agrees there shall be access to the public at all times expressly to hold public meetings as well as during normal business hours, 6. ODtion to Renew. The fiftieth (50th) paragraph of the base lease is hereby deleted and substituted with the following paragraph: Provided that the Lessee is not in default of any terms and conditions of this Lease at the time the option term is scheduled to commence, and commencing September I, 2003, then Lessee shall have the option to be exercised by written notice to Lessor at least three (3) months prior to the expiration of the original term of this Lease to renew this Lease for one (I) additional five (5) year term under all the terms and conditions provided in the original lease and the addenda attached thereto. Notwithstanding the foregoing, however, the monthly rent payable during the option period shall MIAMI :F:\DOCS\LMD\RE\64702.1 :8113197(11 :09Im) 2