FULL AGENDA PACKET 2021-06-15 - Laserfiche WebLink

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EXHIBIT 1 6. TERM ISALic-l.5 S) Phis I.icense shall commence on August 1, 2021. ("Commencement Date") and shall continue in effect until July 31. 2026 (" Fern"), unless terminated earlier in accordance with Clause 7 (t LRM1NA'l ION) of this License. The Parties shall have the option to extend the term (the "Option") of this License, under the same terms and conditions, for one (1) consecutive five (5) year period ("Extension Term"), exercised by the Chict Real Lstate Officer and memorialized in an amendment executed by the Chicf Real Estate Officer and Licensor. County shall give Licensor written notice of its intent to exercise its Option to extend the Term tit sooner than IN'CIVe (12) months and no later than nine (9) months prior to the License termination date. The Parties agree that the I.icense Fee during the Extension Term shall be consislent with Clause 8 (1 JCFNSF: FFF). ..l errn'l a5 used in this License shall mean the initial l er'rn and the Extension l errn(s) it the Op[toll IS dilly exercise& if the County exercises the Option to extend, County shall continue to have the option to terminate the License pursuant to Clause 7 (I F;IW INA I ION)_ 7. TERMINATION (SAI.ic-1.6 S) .I his License shall be revocable by either Party at any time; however, as a courtesy, the terminating Party will attempt to give thirty (30) days wrirten notice to the other Party prior to the termination date. S. LICENSE FEE (SALic-1.7 S) County agrees to pay Licensor, starting on the Commencement Date, the sun of Fifty Dollars (SS0.00) per parking space ("Per Parking Space Rate"), which equates to the total sure of Two Thousand Dollars ($2,000_00) per month, as a fee for use of the License Area ("License Fee")_ During the Term of this License, Licensor reserves the right to change the above -mentioned Per Parking Space Rate in the event of an increase in rates for the general public at the parking structure as determined by Licensor, upon no less than thirty (30) days prior written notice to County consistent with Clause 31 (NOTMES). The License Fee shall be adjusted consistent with the new Per Parking Space Rate, which shall not exceed seventy and 00/100 dollars (S70.00) per parking space at any time during the Term_ To obtain License Feee payments due hereunder, Licensor (or Licensor's designee) shall submit to [he County's HCA/Facilitics Service Manager olliccc in a loan acceptable to the HCA/Facilitics Service Manager, a written claim for said pavments. Payrnern shall be Lluc. and payable. within twenty (20) days alter the later of the following: A. The first day of the month following the month earned; or B. Receipt of Licensor's written clairn by the FICA/Facilities Service Manager In (lie event the obligation to reimburse or pay begins or lerminates on some day other than the first or last day of the month, the fee shall be prorated to reflect the actual period ofuse based on a thirty (30) day month. City Council 28 — 5 6/15/2021 II=/7/2021 Page 3 of 12 420 N. Main Pu4cing Li: rust Hearn (arc AWcllLj ll}llldmd Acgtll+nioll I Icunsc Ionl