RES 87418 - Laserfiche WebLink

Capital Project I under the terms and provisions of this Lease. Such substantial completion shall be evidenced either by a certificate of the Engineers or by the occupancy by the City of Capital Project I. The time within which the Contractor is required to complete Capital Project I shall be extended for a period equal to any extensions of time to which the Contractor is entitled under its construction contract (except extensions resulting from acts of the Corporation) and any delays in construction resulting from other causes and events not within the reasonable control of the Contractor or of the Corporation. The City may request the Corporation to issue change orders altering the construction contract plans and specifications during the course of construction, if such changes do not materially reduce or diminish the capacity, adaptability or usefulness of Capital Project I, and the Corporation agrees to cooperate fully with the City to cause such change orders to be implemented. Before the Corporation shall issue any such change orders which, together with all other change orders, would increase the aggregate cost of construction of Capital Project I, the City shall arrange with the Corporation to pay the increased cost resulting from such change orders, and, if required by the Corporation or by the terms of the Trust Agreement, shall deposit funds sufficient to pay such increased cost with the Trustee. (b) The parties hereto agree that the City accepts Capital Project II in its presently existing condition, and further warrants and holds harmless the Corporation against any defects presently existing therein. By entry hereunder upon commencement of the term of this Lease the City accepts Capital Project II as being in the condition in which the Corporation is obligated to deliver Capital Project II to the City. (c) The City shall have the right during the term of this Lease to make alterations or improvements or attach fixtures, structures or signs to the Demised Premises or Capital Projects I and II if said alterations, improvements, fixtures, structures and signs are necessary or beneficial for the use of the Demised Premises or Capital Projects I and II by the City, provided, however, that such actions by the City shall not materially adversely affect the value of Capital Projects I and II. Upon termination of this Lease, the City may remove any fixture, structure or sign added by the City, but such removal shall be accomplished so as to leave Capital Projects I and II, except for ordinary wear and tear, in substantially the same condition as they were in before the fixture, structure or sign was attached. F-14 1456S