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AIRPORT HANGAR RENTAL AGREEMENT This airport hangar rental agreement ("Agreement") is made and entered into this 31 th day of May, 2018 ("Effective Date") Marvin Imm ("Tenant") City and Tenant are sometimes individually referred to herein as a "Party" and, together, as the "Parties " 1 PREMISES. City hereby rents to Tenant, and Tenant hereby rents from City, that certain hangar designated as Hangar No 23 the "Premises"), located at the Redlands Municipal Airport ("Airport"), and more particularly described in Exhibit "A" attached hereto This Agreement fol rental of the Premises is foi the principal purpose of the storage of Tenant's aircraft which is identified as a 1982 Gemini International Humming Bird Prospectoi foi personal aviation related business, and any incidental aviation related uses associated therewith (PROJECT AIRCRAFT CONSTRUCTION) 2 TERM The term of this Agreement shall be month-to-month commencing on the Effective Date, and in no event shall exceed threc (3) years 3 CONSIDERATION 3.1 Monthly Rental Payments. Tenant shall pay to City on of before the 15th day of each month during the term of this Agreement as monthly rent, without deduction, setoff or demand, the sum of six hundred -fifty ($650) A late fee shall be levied in the amount of ten percent (10%) of the amount due for any amount not received by the date such rent is due Upon providing Tenant thirty (30) days' prior written notice of the same, the rent may be increased by the City, no less than every two (2) years, by the percentage increase in the Consumer Price Index, all urban consumers, Los Angeles- Riverside- Orange Counties, during the term of this Agreement, on the anniversary date of the Effective Date of the Agreement 3 2 Manner of Payment of Rent Monthly rent for any partial month shall be prorated at the rate of 1130th of the monthly rent per day The monthly rent and any applicable late charges payable by Tenant hereunder shall be pard by Tenant without notice, demand or offset at the office of the Airport Manager at the Airport, of at such other place as may from time to time be designated by City 3 3 Taxes and Assessments 3 3 1 Obligation„to Pay Tenant is responsible foi and shall pay all real and personal property taxes (including any tax levied on a possessory interest, as defined in California Revenue and Taxation Code Section 107 or successor statute, if applicable), general and special assessments, and other charges of every description, levied on or assessed against the Premises, personal property located on the land or improvements, the leasehold estate, or any subleasehold estate, falling due during the term of this Agreement It shall be conclusively presumed that any aircraft stored at the Premises pursuant to this Agreement shall be considered "habitually situated” therem as that term is defined in Revenue and Taxation Code section 5362 Tenant shall make all such payments directly to the assessing authority, before delinquency and before any fine, interest of penalty shall become due or be imposed by operation of law for then nonpayment 3 3 2 Proration for Partial Year Any imposition of taxes referred to in Section 3 3 1 above relating to a fiscal period of a taxing authority, a part of which period is included within the terra