Contracts & Agreements_138-2022 - Laserfiche WebLink

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B. In consideration of City's grant of this License, Licensee specifically and expressly waives, releases, and relinquishes any and all rights to assert any claim of right, privilege or interest in the Premises other than the rights expressly granted by the License. C. The consideration paid by Licensee pursuant to Section 4 of this License is consistent with the value of the rights comprising the License privilege; the consideration is not consistent with the higher market value for a greater right, privilege or interest (such as a lease) in the Premises. D. Licensee further acknowledges and agrees that without the representations and agreements set forth herein, City would not enter into this License. Section 3. Tenn. The teen of this License shall commence on July 5, 2022, and end on July 5, 2024, unless earlier terminated as provided for herein. Either Party may terminate this License by providing written notice of such termination to the other Party at least thirty (30) days prior to the noticed termination date. Upon termination or expiration of this License, and upon request of Licensor, Licensee shall remove, as requested by Licensor, any improvements, fixtures, equipment and other personal property placed upon the Premises by Licensee. The cost and expenses of such removal, together with the repair of any damage occasioned thereby, will be borne solely by the Licensee. If Licensee remains in possession of the Premises after expiration or earlier termination of this License without City's written consent, Licensee's continued occupancy of the Premises shall be equivalent to a tenancy at sufferance and Licensee shall pay an increased License fee during the holdover period in the sum of two thousand dollars ($2,000) per month. Section 4, License Fee. Licensee shall pay to City a monthly fee in the sum of two thousand dollars ($2,000) for use and occupancy of the Premises. The initial monthly fee payment shall be paid to City prior to July 28, 2022. All subsequent monthly fee payments shall be made prior to the second day of each month for which the fee is then due. All payments are to be made payable to the City of Redlands, Finance Department/Revenue Division, P.O. Box 3005, Redlands, California, 92373. A late fee of fifty dollars ($50) shall be added and due for any fee payment made after the tenth day of the month. Section 5. Security Deposit. A security deposit shall be paid to the City in the amount of two thousand dollars ($2,000) and shall be retained by City to secure compliance with the terms and conditions of this License, and shall be refunded to Licensee within thirty (30) days after the Premises have been vacated by Licensee, less any amounts reasonably necessary to pay City for, (i) cleaning costs, (ii) cost for repair or damages to the Premises exclusive of ordinary wear and tear, and (iii) any other amount legally allowable under the provisions of this License. A written accounting of said costs and damages shall be presented to Licensee within ten (10) days of the Premises being vacated. If the security deposit is insufficient to pay City for such costs and damages, Licensee shall immediately pay any additional costs for damages demanded by City. Section 6. Use of Premises, A. The Premises shall be used by Licensee solely for the purpose of auto storage associated with Licensee's operation of its auto sales business and no other uses. 2 G\ca\Agreements \Fix Auto Redlands License Agreement.FY21-0I37.docx.jn