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HARBOR SQUARE PARTNERS
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Last modified
10/17/2024 5:24:05 PM
Creation date
9/4/2024 3:30:36 PM
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Contracts
Company Name
HARBOR SQUARE PARTNERS
Contract #
A-1986-070
Agency
Community Development
Expiration Date
5/19/1989
Destruction Year
1995
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1 <br />2 <br />3 <br />4 t <br />5 <br />6 <br />7 <br />8 <br />9 1 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />1S <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />44 <br />45 <br />46 <br />47 <br />48 <br />49 <br />5o <br />51 <br />52 <br />53 <br />54 <br />55 <br />56 <br />57 <br />58 <br />59 <br />60 <br />61 <br />62 <br />63 <br />64 <br />65 <br />66 <br />67 <br />68 <br />69 <br />7C <br />71 <br />7e <br />7f <br />71 <br />7', <br />71 <br />71 <br />81 <br />LEASE <br />THIS LEASE is made and entered into this 19 day of 19 86 , by and <br />etwee n: <br />Git o Santa Ana o Municipi2l Corparatian of the -State of California <br />and <br />Harbor Souore Partners <br />Hereinafter respectively referred to as "Landlord" and "Tenant", without regaro to numoer or gender. <br />WIT NESSETH: <br />1. U S E. Landlord hereby leases to Tenant and Tenant hereby hires from Landlord, for purposes of <br />;ondueting thereon the following business: Police Sub—Stotion <br />those certain premises with appurtenances descnoeo as nereinarzer Ter wi W. <br />2, PREMISES. The premises leased to Tenant, together with appurtenances, are hereinafter <br />referred to as the "demised premise', and are situated in the City of Santa Ano <br />County of ran e <br />), State of Cafirornia ' <br />ing center attached hereto as Exhibit "A " <br />and are the premised cross -hatched on the plot plan of the shopp <br />and incorporated herein by reference as though set forth in full. <br />The demised premises shall have a frontage (said measurement being from centerof partition to center <br />of partition with respect to interior storerooms and from center of partition to outside wall with respect to end <br />locations), a depth (outsid dimensions), and an approximate floor area as follows: <br />Frontage dimensions), and <br />feet ( 27 ft.); <br />Depth Fit}' feet (----Au— ft.); <br />Floor Area quare feet ( 1350 sq. ft.). <br />TERM. The term of this Lease shall be for the following period:^)years. <br />Thre <br />The term of this Lease, and Tenant's obligation to pay rent, shall commence on the earlier of the <br />following dates: (a) the date which is thirty (30) days after Landlord notifies Tenant in writing that the <br />improvements to be provided byLandiord as setforth in Exhibit"B", attached hereto and incorporated herein <br />by reference as though set forth in full, have been substantially completed, or (b) the date on which Tenant <br />Shall open the demised premises forb usiness to the public. Should such earlier date not occur on the first day <br />of a calendar month, the term hereunder shall be extended for such fractional month. In that event. Tenant <br />shall pay rental for the fractional month on a per diem basis (calculated on the basis of a thirty -day month) until <br />the first day of the month, and thereafterthe rental shall be paid in equal monthly installments on the first day <br />of each and every month in advance as hereinafter provided. <br />Landlord and Tenant hereby agree that in the event the demised premises are not substantially <br />completed and possession delivered to Tenant on or before two (2) yearsfrom the date of this lease, then and <br />in that osit <br />made herewith f shall be promptly s Lease shall breturned to Tenannull and t and the parties shall hav, have nof urtherforce e nofurther ff act and bligationto each <br />other. <br />4. RENTAL. <br />A Guaranteed Minimum Monthly Rental. <br />Tenant shall payto Landlord during the term of this Lease as Minimum M6nthly Rental torthe <br />demised prnis s the <br />following <br />11 Ei g sum. <br />ht Hu d Twenty rwr) and 10110 <br />Dollars (3 1822 50 ) <br />per month, which sum shall be paid in advance on the first day of each calendar month. All rental to be paid by <br />Tenant to�Landlord shall be In lawf ul money of the United States of America and on or offset, prior notice r demand at the shall <br />add ess design ted In Section 29. The due <br />tay of each date of Guaranteed <br />not <br />received by Landlord within seven (7Rental Is the first )days of its due dateisin default GuaranteediiMin muAm Mo thly Rel tal <br />In default shall be subject to an additional charge of five percent(5%) permonth on the unpaid balance thereof <br />as a late charge. <br />(iI Effective on July 1 st of each year during the term of this Lease, the Guaranteed Minimum <br />Monthly Rental shall be increased by a cost -of -living adjustment. Guaranteed Minimum Monthly Rental shall <br />be increased by multiplying the previous year's Guaranteed Minimum Monthly Rental by a fraction, the <br />numerator of which shall be the Consumer Price indexforthe month of April of thatyearand the denominator <br />of which shall be the ConsunlerPrice Indexforthe month of April for the prior year(except during thefirstyear <br />of the term of this Lease, the month during which the term commences shall be used rather than April of the <br />prior yearn. However, in no event shall the rental be reduced belowthe Guaranteed Minimum Monthly Rental <br />in effect immediately preceding such adjustment. The Consumer Price Index to be used is the Consumer <br />Price Index For All Urban Consumers- All Items, forthe United States, published monthlybythe United States <br />Department of Labor, in which 1967 equals 100. If said Consumer Price Index is no longer published at the <br />adjustment date, It shall be constructed by conversion tables Included in such new index. <br />(3/22183) Page 1 of 11 <br />
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