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HomeMy WebLinkAboutChamber of Commerce Leasevemol&Adum S Decemb 3 19 Date _ - -- - - -- TO: City Council � FROM: George J. watts, City Manager SUBJECT: Chamber of Commerce Lease The 25 -year lease of the City -owned Chamber of Commerce building has expired. It is recommended that the City Council approve the attached lease agreement which maintains the same provisions except for the term which is five years and the insurance which is increased from $10,000/$100,0 to $500,000 /$1,000,000. The Chamber Board of Directors has approved the lease. GJW:cr Attachment L E A S E THIS LEASE, executed on the , day of 2"t is by and between the CITY OF ARCADIA, a Municipal Corporation of the County of Los Angeles, State of California, hereinafter referred to as Lessor, and the ARCADIA CHAMBER OF COMMERCE, a non- profit California corporation, hereinafter referred to as Lessee, W I T N E S S E T H: WHEREAS, Lessor has constructed an office building on property owned by Lessor; and, WHEREAS, Lessee is in need of office space for the conduct of its business and is willing to lease space in aforesaid building of Lessor upon the terms and conditions hereinafter provided; NOW, THEREFORE, Lessor and Lessee agree each with the other as follows: 1. LEASE. Lessor hereby agrees to lease unto Lessee and Lessee does hereby agree to lease and hire from Lessor the property described in Exhibit " A " attached hereto and incorporated herein by reference, together with the improvements to be constructed thereon in accordance with aforesaid plans, which property and improvements are hereinafter referred to simply as "said property" for the purposes and upon the terms, conditions and restrictions hereinafter contained. 2. TERM. The within Lease shall be for a term of five (5) years, commencing with the date the Lease is executed by the Mayor. 3. RENT. Lessee agrees to pay to Lessor as rental of said property the sum of Four Hundred Dollars ($400.00) per month payable on the first day of each and every month so long as the Lease remains in effect. 4. PURPOSES. Lessee agrees that said property shall be used only for the work, business and purposes of the Arcadia Chamber of Commerce, and shall not be used for any other purples whatsoever without the prior written consent of Lessor first obtained in each instance. 5. NO ASSIGNMENT - SUBLETTING. Lessee agrees that it will neither assign the within Lease nor sublet any portion of said premises, without Lessor's prior written consent in each instance. The consent to assignment or subletting in one instance shall not be deemed a waiver of the requirement for Lessor's written consent to any subsequent assignment or subletting. 6. WASTE. Lessee shall neither cause nor permit any waste to be committed upon the premises and shall keep said property at all times in a neat and orderly condition, free of debris, refuse and weeds. Lessee shall at its own expense maintain the interior and exterior of the building to be constructed upon the property described in said Exhibit "A ", and at its own expense to repair all damage thereto from any cause whatsoever resulting. 7. UNLAWFUL ACT. Lessee agrees neither to cause nor to permit any unlawful act to be committed upon the property. -x- , J �J 8. RECOVERY - ATTORNEY FEES. In the event suit is necessary for either party to enforce any of the provisions hereof, the losing party in any such lawsuit shall pay a further sum to the prevailing party as attorney's fees, the amount thereof to be determined by the Court. 9. NO ALTERATIONS. Lessee shall cause no structural alterations to be made to any building on said property without prior consent of Lessor's Council upon such terms and conditions as Lessor's Council may prescribe; nor shall Lessee either cause or permit any other work to be performed upon said property or the improvements thereon for which a lien for labor or materials may be lawfully filed without the prior consent of Lessor's City Manager and upon such terms and conditions as he may prescribe. 10. INSURANCE AND PROPERTY DAMAGE OR LOSS. Throughout the period of the Lease Period and any extension thereof, Lessee shall maintain with reference to the said property public liability and property damage insurance in the minimum amounts of One Million Dollars ($1,000,000.00) public liability and Five Hundred Thousand Dollars ($500,000.00) property damage, with Lessor, its officer agents and employees named as additional insured, and shall at all times maintain on file with Lessor's City Clerk a certificate of such insurance coverage issued by an insurance carrier authorized to conduct such business in the State of California, which certificate by its terms shall not be cancellable without at least thirty (30) days' written notice to Lessor. -3- Lessor shall not be responsible for any loss or damage to Lessee's property on or about the leased premises during the term of this Lease. 11. HOLD -OVER. The within Lease may be extended by the parties hereto upon such terms and conditions as the parties may mutually determine and agree upon in writing. If Lessee remains in possession of said property beyond the term of the Lease as hereinbefore specified, such holding -over shall be upon the terms, conditions and rental in effect during the last month of the term hereof, unless otherwise specifically agreed in writing. 12. TERMINATION. Lessor may terminate this Lease at any time, subject to 12 months notice to Lessee. 13. NOTICE. Any notice required by or given in connection with the within instrument may be given and shall be deemed to have been given when deposited in the United States mail at any place within the County of Los Angeles addressed as follows: Notice to the Lessor addressed to: City of Arcadia Attention: City Manager 240 West Huntington Drive Arcadia, California 91007 Notice to the Lessee addressed to: Arcadia Chamber of Commerce 388 West Huntington Drive Arcadia, California 91007 The within Agreement is executed at and is to be performed within the City of Arcadia, County of Los Angeles, State of California. -4- IN WITNESS WHEREOF, the parties hereto have executed the within instrument the day and year first hereinbefore set forth. CITY OF ARCADIA, Lessor By Mayor ATTEST: City Clerk APPROVED AS TO FORM: City Attorney ARCADIA CHAMBER OF COMMERCE, Lessee By Executive Vice - President APPROVED AS TO CONTENTS: City Manager LEASE, AS STATED ABOVE, ACCEPTED BY THE ARCADIA CHAMBER OF CQVEP'CE BOARD OF DIRE)=RS 4E ON NO EMBER 1991. Signed ' ` - Vice President Arcadia Chamber of Commerce cm