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Reso 2010-1658
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Reso 2010-1658
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Last modified
6/3/2015 11:22:15 AM
Creation date
12/22/2010 11:09:07 AM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2010-1658
Date (mm/dd/yyyy)
12/16/2010
Description
Ground Lease/Dev Agmt/DesignBuild Agmt 4M Inv. Upscale Lifestyle Ctr
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only the rights of any Approved First Mortgagee therein. All documents produced thereunder, to <br />the extent assignable, shall become the property of the Landlord if this Lease is terminated as a <br />result of default by the Tenant (subject to the rights of any Approved First Mortgagee if such <br />Approved First Mortgagee exercises a right to receive a new Lease pursuant to Article XVII; <br />provided, however, that the Landlord shall pay any outstanding amounts due to said contractors <br />or consultants as of the date of such termination for any work completed or in progress as of such <br />date if the Landlord wishes to assert its rights to such design documents or other work products. <br /> <br />Section 11. Park/Parking Garage. The Tenant and a responsible architectural, planning, <br />design, engineering and consulting firm or firms (the "Architect") which firm or firms shall be <br />approved by the Landlord, such approval not to be unreasonably withheld, shall enter into a <br />contract or contracts, satisfactory in form to the Landlord, for the design of the Parking Garage <br />and park and, where appropriate, for supervision of construction. The Tenant may, at any time <br />thereafter, change such firm or firms or enter into contracts with new firms with the written <br />approval of the Landlord. <br /> <br />(a) The parties will enter into an agreement concerning the use of the Parking Garage before <br />approval of the site plan by the City. The agreement will contain the following terms among <br />others: <br /> <br />(1) The Parking Garage will be under the day to day control of the City; <br />(2) The City will be entitled to all revenues from the use of the Parking Garage; <br />(3) The City will be responsible for maintaining the Parking Garage and will maintain <br />the garage in good condition and repair; <br />(4) The City and Tenant will jointly develop a shared parking arrangement; <br />(5) There shall be public access to the Parking Garage at all hours the Parking Garage is <br />open (including hours in which the Aquatic Center is closed); <br />(6) The City will use its best efforts to create nearby offsite parking for overflow <br />purposes; and <br />(7) The City will work with Tenant to find offsite parking for employees of the Aquatic <br />Center. <br /> <br />Section 12. Construction Contract. The Tenant and a financially responsible general <br />contracting firm or firms (the Contractor), which firm or firms shall be approved by the <br />Landlord, such approval not be unreasonably withheld, shall enter into a contract or contracts, <br />satisfactory in form to the Landlord, for the construction of the Tenant's Improvements or any <br />Major Alterations, in accordance with Approved Site Development Plan and the Final Plans and <br />Specifications referred to in Section 8, and the Tenant may, at any time thereafter, change such <br />firm or firms or enter into contracts with new firms with the approval of the Landlord, such <br />approval not to be unreasonably withheld. <br /> <br />Section 13. Final Construction Documents. Prior to commencing construction of the <br />Improvements or Major Alterations, the Tenant shall furnish the Landlord with: <br /> <br />(i) Final Plans and Specifications approved by the Landlord and by any First Mortgagee <br />or other lenders requiring approval; <br /> <br />13 <br /> <br />U:\City Attorney\/IANS\20 I 0 Documcnts\4m Investors\GROUND LEASE WORKING DRAFT I I.l6.1 O.doc <br />
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