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Reso 2011-1735
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Reso 2011-1735
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Last modified
7/15/2011 10:32:27 AM
Creation date
7/13/2011 1:58:55 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2011-1735
Date (mm/dd/yyyy)
06/15/2011
Description
Agmt 4M Investors:Ground Lease/Dev Agmt&Design/Build Gateway Pk
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<br />ARTICLE XI <br />Liens <br /> <br />Section 1. Liens. Tenant shall not permit any mechanic's lien to be filed against the Land or <br />any part thereof by reason of work, labor, services, or materials performed or 'supplied or <br />claimed to have been performed or supplied to Tenant or anyone holding the Land or the <br />Improvements or any part thereof through or under Tenant. The Memorandum of Lease (as <br />hereinafter defined) shall contain the appropriate clause under Chapter 713 of the Florida <br />Statutes notifying third parties that they may not impose a lien on the Landlord's interest in the <br />Land for labor, services or materials furnished to, or at the request of, Tenant and any such liens <br />are hereby prohibited. If, notwithstanding said notice, any third party files a mechanic's lien <br />purportedly against the Landlord's estate for or on account of labor, services or materials <br />provided to or at the request of Tenant, Tenant shall dispose of the claim and ensuing litigation <br />as Tenant deems appropriate at Tenant's expense, provided that if such party commences a <br />foreclosure action with respect to such lien, Tenant shall transfer the lien to security as provided <br />by Florida law or otherwise bond or cause the same to be discharged of record within thirty (30) <br />days thereafter to prevent the foreclosure of Landlord's estate. Tenant shall keep Landlord <br />apprised of the status of the resolution of any such claim of lien and litigation. <br /> <br />AR TI CLE XII <br />Alterations/Reconstruction <br /> <br />Section 1. Alterations. In the event the Improvements damaged by fire or other casualty and <br />the Tenant is obligated to, or elects to, reconstruct the same under the provisions of Article XII <br />below, before commencing any such demolition and/or construction, Tenant shall submit to <br />Landlord a copy of the plans and specifications for such new improvements, together with an <br />estimate which shall show in reasonable detail the approximate cost of sum improvements. Such <br />plans and specifications shall comply with all relevant Legal Requirements and shall be subject <br />to Landlord's approval and all applicable governmental code, rules and policies. <br /> <br />Section 2. Standards for Reconstruction. All work done by Tenant hereunder shall be <br />constructed and completed in a good and workmanlike manner and in compliance with the <br />building and zoning laws and all other Legal Requirements, and in accordance with the orders, <br />rules and regulations of any appropriate insurance rating bureau or any other body now or <br />hereafter constituted exercising similar functions. Upon completion of the Tenant's <br />improvements, all references in this Lease to "Improvements" shall be deemed modified to mean <br />and refer to the new improvements so constructed by Tenant. <br /> <br />Section 3. Conforming with Final Plans. Any restoration undertaken pursuant to the <br />provisions of this Article shall in all respects substantially conform to the provisions of the Final <br />Plans and Specifications for the damaged Improvements, incorporating any alterations or <br />modifications approved by the Landlord prior to the casualty, or shall be built in accordance with <br />such new or modified plans and specifications as the Tenant, the Landlord and, at its election, the <br />Approved First Mortgagee may at the time agree upon and approve, subject to any applicable <br />building and zoning laws or other similar requirements then in existence. <br /> <br />17 <br />
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