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Home My WebLink Aboutbocc.con.082.1979 C. , . i ��_,..� _� k M�, A 3�� .. , _.. . . .. _ ._..._. . � . ._ �.�. �..... ��. :...�:._ , ...... _. _ . . _ ,1�y.i: . � • , - Loretta BAnner, Recorder Dec. 24, 1979 � yi�f� i;n' � ' ��:�?5{�3 Recorded at 9:00 A.M. ! #;'v�:; - .. - � �381 ,;. : �66 _.:rF�= ,. •• Reception No. COMMERCIAL LEAuE ; �af7�� • Aspen, Colorado • bate: December 4, 1979 ;; l. PARTIES AGREEMENT ;� .� 1.1 Parties to this agreement are: � � � " � a. C. M. C2ark, Post Office Box 566, Aspen, Colorado tn �;� 81611, hereinafter called "Landlord"; and .�,; : b. Pitkin County District Attorney's Office ��: `�' S06 East Main Street, Aspen, Colorado 81611, ':: ��r.:, . 925 b060 '�'2.. . �i . - <' hereinafter collectively called "Tenant". � F.- f� 'i ?,� #•i1.2 The parties hereto agree to lease the property herein- �� ?;� � after described for the term and upon the conditions ,•. �. ,, specified in this Lease. c` � , . ��:� �� ',� 1.3 Each party, in consideration of the promises of the • a�-4� 'x� other, agrees to do everything herezn required to be �� done by the express provisions or necessary implications "`"� of this business Lease. t' ;:� '��. ;`� 2. GENERAL DEFINITIONS � �'_=; s� For the purpose of this agreement the following words and phrases shall have the meanings assigned to them below: .,� � -� 2.1 Subject Propert means the Landlord's real estate, of �:� which t e Demssed Premises is a part, which is irtore �. a.;_ particularly described as follows: - � �� Courthouse Plaza Building ' �;� Main Street, City of Aspen . ,� �;. Pitkin County, Colorado ��; , �� . �� ,a.� �� 2.2 Demised Premises means the portion, of the Subject Prop- ��_" �:{ erty which is the subject matter of this Lease, as .�;�: . � indicated in the diagram attached hereto as Exhibit "A" ��;., � and b this reference incorporated herein, consistinq i�=� ;� of approximately 1340 square feet which is 9.74 - "�� y� percent of the net rentable space in the Subject Property.� ' . ' � (The Subject Property has a total of 13,760 square feet '�i - of net 'rentable space.) `k'' a�� SG ._I ' �� ' 2.3 Character of Occ�anc means the use intended to be , :� �:; made o the Demised Premises by the Tenant which shall � ' � be limited to offices '�` _ �;;'':. �;� K',; _tg., 2.4 Janitozial Services means, with respect to the Landlord's �,:r '�:' obligation to provide the same, the routine cleanin of , ` t �:. �;1� 9 t,�...,yy" ;.,, stairways, halls, and ,common areas utilized by public <�, C� �� invitees and the provision of trash receptacles for use � :�, �� by Tenant. Janitorial Services within the Demised �; � �� Premises shall be provided by and paid for by Tenant. �G, w� �' �?' �, 2.5 Consumer Price Index as used herein in connection with.. �.,�, �• � ' � • the provisions reqarding adjustments to rent means the - � �r put>lication of the Bureau of Labor Statistics of the � . D. S. Department of Labor, 9I1 Walnut Street, .Itansas �� City, Mi'ssouri, which is published monthly, a sample � � of which�is attached hereto as Exhibit "B" and by this A �:'.i` ;� ' reference incorporated herein. ° . `" �,3A. r ' ' , �' : �� . . . . . i. ;�i . _ ;�,� . �, , , ',ti,`'�;: • Z �� , .,�,.�.�.r... _ ------- .`..,._.� . _._ . z��t . . �:er:a;i k'T<<_c,��`�FC. �"'�% �x�• � —.��+.�w..+.v+�..r�+ _.._....._ ......._.�� . 4. �...... s.. . _ Ai�i �y � .. . �_. , 6 �� :��381 �;.�.: g , : '„ �• at which time that new Monthly Rental shall be the • '��"�! basis for the calculation of the next Cost of.Living Adjustment, The new Monthly Rental shall be payable E as of the applicable Adjustment Date. Since the Con- sumer Price Index is not published until approximately , two months �subsequent to the month for which it is applicable, Tenant's obligation to pay any increase � ; • by virtue of a Cost of Living Adjustment shall not . arise until the next regular rental payment date fol- lowing notice of the amount of the new Monthly Rental � by Landlorcl. However, on that payment date, Tenant must pay the total of any sums due Landlord by virtue' of the Cost of Living Adjustment which was calc,ulated ;,; _ as of the Adjustment Date in question. , 4.4 Additional Rental means any sums which Tenant is required i`, 1 � to pay from time to time on account of Tenant's share ;� ; of� increases in certain of the Landlord's tax and utility �} expenses specified below, which Additional ltental shall ` be payable on the next regular rental payment date following notice of the amount of such Additional Rental (,' ;� ;' by Landlord and substantiation therefor. The "Tenant's _ • !`' '� 5hare" of said increases is determined by applying the �'�` i;s: percent specified in Section 2.2 hereof (Tenant's per- cent of net rentable space) to the total of any such �� i�^. increases, but only to the extent that the total increase �.F ,�'. exceeds the figure which would be obtained by applying the Percent Change - All Items of the Consumer Price �: Index to Landlord's tax and utility expenses for the `.,,' _�; pr�vious year. For example, if Landlord's tax and =:t utility expense for 1977 totalled $10,000, and the �y �� +'=,. _+�: Percent Change - All items published in January, 1978 �±; ;a; (applicable to the preceding twelve month period) was r� ' S8, the Cost of Living Adjustment to those expenses �'� '� would result in an increase to $10,500. Assuming • �� " Landlard`s actual tax and utility expense total for �iF ;��; 1978 was $11,000, Tenant would only pay his share of ��' ''' the $500 difference between the revious ' K:� e p year s expenses 4.^ �`�; as adjusted, and the actual expenses for the year in ;<:; �;•� questa.on, If Tenant has not occupied the Demzsed `� "`� Premises for a full year, the Additional Rent so i�� r.,� n i t;Y:: � ! determined shall be prorated accordingly, and in any ' event, shall be payable by the Tenant to the Landlord ,'. a�; in full within ten days after demand therefor by Land- i; s,; 1ord, accompanied by Landlord's substantiation for , , ��; such sum. �'_- ' 1: z ) ��! �,?; 4.5 Tax Increases. The Tenant shall pay as Additional Rental i �:�' to the Landlord the Tenant's Share (as determined in '� `r,�; Section 4.4 above) of increases in_the Landlord's taxes �`;. ` . (hereinafter defined) over and above the Landlord's � r`i: 1977 liability for such taxes. "Taxes" means govern- �:' ;. mental or quasi governmental� ad valorum taxes, assess- � , : �� ' ments, levies and charges, general or special, upon ` �� the Subject Property and any local excise taxes imposed 7�`4. !�'f{ upon rents therefrom, but shall not include income, `=iH; ��i estate inheritAnce or zeal estate transfer taxes. The ; : ;i�� Tenant's obligation to pay such Additional Rental shall. k : `.i`=.� be determined as of January of each year during his term_ "�` f;�; �-a:; �� #;:� • 9.6 f3tility Inezeases. Tenant shall pay as Additional Rental ' tr,: � r r.e°;; to the Landlord, the Tenant's Share as determined in L' �:*:� Section 4.� above, of any increase in the utility ;;�:: ��i� expense of the Landlord applicable to all of the Subject �.;; °: Property, over and above Landlord's 1977 utility expense. �,, �' The Tenant's obli,gation to pay such Additional Rental :+�" shall be determined as of Jannary of each year durin • � ': .s;:� g � j.i �the texzq,.of the Lease. . :k ��,�,� � . . . • ��: �1-: ' � 1 ' . f:`. . '�r� � • ' � . . ' - � (�. Ye . � � . • - . L` �� • . (3j ' � ' �;;��' • . � �'ft�i4 . . � .. . � � . 1Y'�I � , —::,'`� . . . � , . .,N:.:'.};p•.,. ,�ia,: _- / � i s ; x�}'ins '�` .. .7.ff.i:-.� :�.'�,�P-� ;��`' _ .. , _�_�a--.._ _— ' RIP ... .. �> ..�w. ... Me'u4 . .. w..... t f.. • � . �r• .:. . .� ,♦ ' � s^�5 . t � r , ��r;381 „� �}� `�" ' �;, � h,.-�:�: • • • __o�.• • 9.7 Payment of Tenant's Own Utilities. The Demised Premises ' ;,:I are supplied with heat and electricity by meahs of fi separately metered electrical power for which Tenant � shall be solely liable, and Tenant shall promptly pay all < I charges therefor as they become due. � . F 5. SECURITY DEPOSIT AND • +' LAST MONTH'S RENT . 5.1 Security Deposit. Tenant does hereby agree to post a • security deposit in the amount of $ waived ,,:<; (reeeipt-of-wi�iei�-3g-#�ei�eb� -k>y- lo ) �'{ (wi�ie�s-amonnt-a�fa33-i�pei�-brr�r�_°-,.�_- � ; -';h �9---;� as security for the faithful performance by - • Tenant of the terms hereof, to be returned to Tenant, on the full and faithful perPormance by him of all the , `�� terms, provisions, conditions, and covenants of this Lease. Such security deposit shall also be held to `'��i cover any damages, repairs, replacements, non-payment �G ;.;'.,i of utilities, and cleaning when the unit is vacated. At . �;i -�:: no time may the Tenant use this deposit in lieu_of rent. !.' � In the event this deposit does not cover the proceeding � ;:r ".' items, i.e. damages, etc., the Tenant shall be liable ��= ,. ;? - •---° - for all additional costs and expenses incurred. It is ;i- ` mutually agreed that Landlord shall have sixty (60) days �i� '''�� after the termination of this Lease to return the full '� ��`° or adjusted security deposit to Tenant. �� { _� 5.2 Last Month's Rental. It is hereby agreed that Tenant +��- ;.`�j shall pay the last month's rental under this Lease, in `� ; the amount of $1172.50 (receipt of which is hereby �z � acknowledged) �6-------- ---dar�--cx►--or--l�ft�r-a-----------r i� ---- _ ;:a jM ' �9---'f-�$---------------d��e-�xr-tsr��f-t�r-�--------------r �� ; �9---�. In the event that the Tenant should breach any �. of the terms, provisions, conditions, or covenants of this ' Lease, it is mutually agreed that Landlord may retain •�, `;;;� said last month's rental as liquidated damages for the E, _ breach of this Lease by Tenant, it being mutually agreed S� ; � that the retention of said last month's rental shall �� i not preclude Landlord from the right to recover for � • any damages done by Tenant to the premises or to any f� � furnishings which have been provided by Landlord. ,� .,';; . 6. LANDLORD'S RIGHT TO SUBORDINATE :.� ,r•. `'�'1 • LEASE OR CONDOMINIUMI2E IMPROVEMENTS i� p� `� This Lease may, at Landlord's option, be subject and i= ',,�� subordinate to the lien of any trust deed or deeds, mortgages ,'� w,i� or liens resultinq from any other method of financing or re- j:� ` financing herebefore or hereafter placed upon the Demised . <<�' Premises, and to all other amounts advanced thereunder or �.; secured thereby, and all renewals, replacements, modifications, ;'�� consolidations and extensions thereof; provided, however, that �s in the event of any foreclosure or other suit, sale or proceeding � � thereunder, Tenant, if not then in default hereunder will not i ':`z? be made a party to any such suit or proceeding, and the same 'a ' shall not affect the rights of Tenant under this Lease. Tenant �� °^ agrees to execute such instruments as may reasonabl�r:be ie-;z.•• � r;�`;� quested by any beneficiary or mortgagee to evidence and make � a record of the fact that t�is Lease is to be inferior to any � � such deed of trust or mortgage. Landlord reserves the right, � without the consent of the Tenant, to execute and record such � "=`� declarations, .restrictive covenants, maps or other documents �j�;; for the purpose of subdividing the subject property into condo- ;" :;�;? minium units and common elements pursuant to the Colorado Condo- �' minium Act, provided, •that if any portion of the Demised Premises �? shall be included in a.condominium unit, the Landlord's right . � � `�:�; as declarant"�and owner thereof shall be subject and subordinate , - �s' ;;;;; to the possessory and other rights of the Tenant to the Demised �' "" ' Premises under this Lease. � . . ' - . � � :;>I . . . • 4- ,� ' . . . , �� ::i�, ' (Q) . . . • .. . ; il' . • ' . . , ' . I' J ,�,�, ;- �.ti.;.�::_= - � _=..:f-,�yi:i^ . � . _....�..` � rt:w }��a�B:� yr�t�s' ...._. .�.,�.�.r�.,r3'3��,. a�� . , ..., a��... t . . ��-; . :�3$j '` . � � �. . �,� ��;��.- • ' 7. TENANT AGREES �""` ;� 7.1 To pay rent promptly in advance as herein provided, to �i the address of Landlord shown above or as hereafter i• designated by Landlord. ' � 7.2 Tenant, having examined the Demised Premises, is familiar � ;� with the condition thereof, and relying solely on such examination, wil�. take them in their present condition, ' unless otherwise expressly agreed upan in writinq. Tenant - �: shall take good care of the premises and shall, at the %: Tenant's own cost and expense, make ali repairs, including painting and decorating, and shall also have the carpeting ' professionally cleaned in the spring and shall maintain `` ' the premises in good condition and state of repair at the end or other exgiration of the term hereof, shall deliver �, '' up.the leased premises in good condition and order, wear " �: and tear from a reasonable use thereof and damage by tHe �' �;' elements not resulting from the neglect or fault of the Tenant excepted. ;E;? `�' a :$t 7.3 To permit no pets to be kept on_the_premises and not to . � `x x allow any party to remain overnight on the premises. �f` ;� � ' .;t_ g7.4 Not to use the premises for any purpose contrary to , '� � applicable law, ordinance or regulation. �;� .'� :� ,� 7.5 To prevent any disorderly conduct, noise or nuisance ;� whatever on or about the premises. �f ,. 7.6 To prevent overloading or abuse of floors, walls or j structure and to prevent any use of the premises which ;�� . would render the insurance void or. the insurance risk ;::y more hazardous. � ��. . . , . ?' 7.7 To permit Landlord to advertise the premises for rent , at a reasonable time before the lease expires or the I ''� tenancy otlierwise terminates. Signs or other devices i- ,� for said purpose may be placed in or about the premises � � not sooner than 90 days prior to the expiration of lease. t� - ��a� 7.8 To keep the Demised Premises, its appurtenances and the i�; -y; surrounc�ing public areas in a clean condition, free from � � . hazard to health or safety to persons and property. F� . �,� . � 7.9 Not to place any sign, notice, nameplate or any other ,'� 3� device on the Subject Premises without first obtaining �'r��' `� the written approval and consent of the Landlord, which � may be given or withheld at Landlord's sole discretion. a� "'�� • 7.10 To permit Landlord,.at all reasonable hours other than '� ��;�:�� Tenant's normal business hours, access to the Demised `� ;'+' Premises £or the purpose of installing or working on • �� internal utility lines, access to which is through the � y ceilings of the Demised Premises. ,/� ,::; 8. ADDITIONS AND ALTERATIONS � � Tenant shall not make or permit to be made any alterations, � .; ad�itions or changes to the leased premises without the priar � written consent of Landlord. All work with respect to permitted °� � alterations, additions and changes shall be done at Tenant's � "' sole expense in a good and workmanlike manner by persons ap- ,::� proved by Landlord. Upon a termination of this lease, Landlord shall have the following options with respect to any such � `�� improvements: (a) all or any part of such alterations, ad- 1. � � ditions or changes may be considered as improvements which '� :»�� shall not be"remoyable by Tenant, but shall become a part of� `� � � ;;_i;� , the leased premises,. and in such event, Tenant shall not have ;� .��;� the right.to remove the� same; or (b) in his sole.discretion, � � i E j - � • • . • � • • �� . ,: . �g� k r �; ,�;' . _ ' . , i '. •. ' -`. - _ .. •`� !I'1' � ..::e.;�s'.:r�?+_ 'm.u»:..s-.. � tn r a . ' ��- �,�� -� , k t��.'S�t'"y�� — _�_...�... ..� .. .__ .. .......a._.r :4�,_�.. ....:f-_ K�:" a . uffiiii±. . • � . . � : �38I .�;.�� .?1 ��,�� L rd may require that any alterations, ad ' ' s or � changes ved and the premises re to their �; original condition, at Ten expense. Any.such ;:� alterations, additions shall be made st'rictly in accordance with ordinances and re 'ons relating thereto. ant shall have the right to remo es, `f ; m e furniture, fixtures and equipment, and decora ive items. 9. MECHANIC'S LIENS • -1 9.1 Tenant shall not permit any mechanic's, materialmen's or other lien �to stand against the leased property £or 1 work or materials furnished to the Tenant; provided, that �: ' � Tenant shall have the right to contest the validity of ±:; any lien or claim if the Tenant shall first have posted `' a bond to insure that upon final determination of tbe ;;. fi' validity of such lien or claim the Tenant shall imme- `- diately pay any judqment rendered against him with a�l "' h'- proper costs and charges, and shall have such lien re- ��:=. leased without cost to the Landlord. , � �: . �;: s; `:a y: 9.2 If Tenant shall be in default in paying any charge for i; �" whiah a mechanic's lien, claim or suit to foreclose a 4" :� lien has been recorded or filed, and shall not have �� ;; given Landlord security as aforesaid, Landlord may �:�f ;ry (but without being required to do so� pay said lien or �: ;y claim and any costs, and the amounts so paid, together �:: j with reasonable attorneys' £ees incurred in connection fF; � therewith, shall be immediately due and owing from Tenant � _; to Landlord with interest at the rate of twelve percent �� (12$) per.,annum from the dates of Landlord's payments. . � " � rs �� 9.3 Should any claim of lien be filed or recorded against �. � �� the leased property, or any action affecting title there- '�� to be commenced, Tenant shall give Landlord written notice � �� thereof as soon as he has knowledge thereof. s = � 9.4 Landlord shall have the right to go upon and inspect the {� � • Demised Premises at all reasonable times, and shall have �,` ;;� the right to post and keep posted hereon notices such - ,;� as those provided for by Section 38-22-105, 1973 C.R.S., i� •,:�y or which Landlord may deem to be proper for the protection ��_ ;ny � of Landlord's interest in the Demised Premises against �;'t �� statutory liens for labor and materials. r� . 'ti� • 10. LANDLORD AGREE5 �t: `� To deliver to the Tenant the leased premises in their `'-`. � °;� present condition with all sewer and drain connection and lines, �= `'r�; plumbing and electrical wiring in good working order and repair. . �� .;;i . Landlord shall be responsible for and keep those items, the - 35 structural members of the building, the heating plant and the c'x ';%a roof in good repair. It is expressly understood and agreed, � `;'; however, that Landlord shall have no obligation to repair or ;�' replace interior walls or additions or alterations to the �u ''� � remises b the Tenant or to remed "` p y , y problems caused. hy any F�: " such additions or alterations except where such repair or tti `'�! . replacement is caused by Landlord's negligent or willful acts. :� ° it is further understood and agreed that all other obligations . �j +'s of maintenance and repair shall be the Tenant's as hereinabove �: ?;fa provided, including, bnt not by way of limitation, the re- ' `'� ':'�t placement of all glass, both interior and exterior, broken �; during the term hereof. . _ � �; • .. . _ . . _ • j.s ln: �;� . � . . 11. � ASSIGNMENT AND SUBLETTING � � �. ._ i� • . . . . . '.;• � The Les'see shall never�assign or subiet this lease or ., �� ' ;�. any portion of the Demised Premises without the prior written � �;; consent of Landlord, which consent shall not be unreasonably � �' ;" . withheld.. . ' . . • ``: ' If Lessee is a Corporation �transfer of stock in,said Cor- .. je: '�� poration shall constitute an assignment requirinq consent of - s„;:; • Landlord in accordance with this section. .. ;:� (6), • ,. ' ' . • . ', . : { (I J ;�:�.�:;n �.k.u:. i � . cr: a- ,"�+ ' � � '�'��"s:a�,:�~�� . '!'j"a'M�'^� , .. i.a."'O ��L�7�+�it3iM.3'i+'G.��T • ' ' ( ��SMt¢ �, . • � ' 12. INSURANCE ,,,�3gi PAG� �� ` The Tenant at his own cost and expense shall provide and ! keep in full force for the benefit of the Landloid during the term hereof or any extension of renewal period, general public � liability insurance insuring the Landlord against any and all � liability or claims o£ liability arising out of, occasioned by ' ,, or resulting from any accident or otherwise in or about the leased pzemises, for injuries to any person or persons, for '? limits of not less than One Hundred Thousand Dollars ($100,000) for injuries to one person and Three Hundred Thousand Dollars � ($300,000} for injuries to more than one person, in any one i': accident or occurrence, and for loss or flamage to the property - • ' of any•person or persons, for not less than Fifty Thousand �� Dollars ($50,000). The policy or policies of insurance shall be of a company or companies authorized to do business in this ;' _ State and shall be delivered to the Landlord together with i`� '" evidence of the payment of the premiums therefor, not less '� �� than fifteen (15) days prior to �he commencement of the term ;' �. hereo£ or of the date when the Tenant shall enter into posses- "' sion, .whichever occurs sooner. -The -Tenant also agrees to a»d • �" +: shall save, hold and keep harmless and indemnify the Landlord f' r` from and for any and all payments, expenses, costs, attorneys' %:� % fees and from and for any and all claims and liability for �r; ;;'.; losses or damage to property or injuries to persons occasioned �" wholly or in part by or resulting from any acts or omissions �; ?� by the Tenant or the Tenant's agents, employees, guests, � � licensees, invitees, subtenants, assignees or successors, or i' `�i £or any cause or reason whatsoever arising out of or by � `s;- reason of the occupancy by the Tenant and the conduct of the ,k: ' Tenant's business. t,'ri • . � . �i- . . n •13. LANDLORD'S LIEN �. "� The Landlord has a £irst lien on the rights and interest �� of the Tenant under-this Lease to secure payment of all sums � ,€�'' at any time becoming due to the Landlord hereunder and to x :_S secure the proper performance and fulfillment by the Tenant :r of the Tenant's agreements hereunder. As further security . -� `_� for this lien the Tenant hereby gives to the Landlord a �: �`� security interest in a11 of the personal property which the � ;:�. Tenant shall place or permi� to be placed in the leased � property together with all personal property and fixtures .�i • � which the Tenant may from time to time place or permit to �� . * be placed in the leased property for any purpose. Tenant . �� -� shall cooperate with Landlord by signing, upon Landlord's re- " ",j quest, appropriate financing statements and extensions thereof �; �;�� to perfect this secisity interest. The foregoing shall not be �';: ''� deemed to create in Landlord any interest in personal property �� `�" ' belonging to Tenant's sublessees in excess of any interests '� •�. �� therein as Tenant shall acquire. This paragraph becomes ef- s.:; fective at any time Tenant is in default of the lease terms: }}_ ';�� . . l�±; ;� • ' 14. HOLDING OVER � � 'g!,"; . . .. _ . � . �:,_ . ` If the Tenant shall, with the knowledge and consent of J:k ?' the Landlord, continue to occupy the leased property after the �` _�ii expiration of the term of said Lease, the Tenant shall become `' for such extension period a Tenant from month to month on the _ Y� �:: same terms as herein stipulated for the last month of the term. � �`�q 15. CONDEMNATION OR DAMAGE . p:�. �'' • TO DEMISED PREMISES ?F :r'.:�i � '.. �• .'.. :, , . �. . . ;� . -;+`�, 15.1�If the,Demised Premises shall be condemned or so damaged ?�� by fire �or other catastrophe (which is not caused by the : . ' r;; ;,;'� fault or negligence o£ the Tenant or imputable to the , . �� Tenant). as to render said Demised Premises wholly un-� !` .`'+ . � tenantable, and if such .damage shall be so great that'a •� {�t competent architect, in good standincj in the City of � -'�" Aspen�, selected by the Landlord, shall certify in writing • � j ��, �� : _..�. .... .. c: .. .. ..-:: .. .. � .._ . �:' ;;} (7) , �: :3 . • . . � . � • ' � . : � . . . .. . ! �3,�;i.::.� ':i i ..i:..:,•'��.r:, . . . . �=��_.. �' . , � .�- �SS �5 � '� _w" .a.� ... r. ♦ .., ...y.....�L.inF!I.�.y -..`: ' i ..r i. V•'9��'d�,'� ymlrl,! � .I.Ft,. . , _ ...' . . ..-.a .,.... . i��lf.`Y�i.1F ': 1, � f� ' �� 5Y i . . __' � �� Y . . � �..3�1 PAGE 73 � ` . ��.�C��:.. . ! �i!'i;3.: � to the Landlord and the Tenant that said Premises, with the exercise of reasonable diligence, cannot be made fit for occupancy within ninety (90) days from the happening thereof, then this Lease shall cease and terminate from the date of the occurrenc2 of such damage; and the Tenant _ thereupon shall surrender to the Landlord said Premises and all interest therein hereunder, and the Landlord may re-enter and take possession of said premises and remove the Tenant therefrom. The Tena�t shall pay rent, duly `' apportioned, up to the time o£ such termination of� this � Lease. If, however, the damage shall be such that a com- :1 petent architect so shall certify that said Demised Pre- mises can be made tenantable within such number of days fr.om the happening of such damage by fire or other catas- ;� ' trophe, then the Landlord shall repair the dama.ge so done - with all reasonable speed, and the rent shall be abated ' ' only for the period during which the Tenant shall be _ "�; deprived of the use of said Premises by reason of such damage and the repair thereof. If said Premises, without ?z the fault of the Tenant, shall be slightly damaged by :�� ,fire or other catastrophe but not so as to render the . 't same untenantable £or any period of time, the Landlord, �`: after receiving notice in writinq of the occurrence of �� the injury, shall cause the same to be repaired with :; reasonable promptness; and in such event, rent shall t; be proportionately abated, according.to the loss of �� use, until the Premises are substantially restored. But �=' � in no event sha21 Tenant be entitled to compensation for >' ,,� lost profits. s� � 15.2 If the leased property is damaged by a casualty which ""' is caused by the fault or negligence of �the Tenant or F� imputable to the Tenant, the repairs and restoration � shall be promptly accomplished by the Tenant to restore • `,��r�, the leased property to its former condition, at the tM Tenant's expense. • _ � - . .. . - . , ._..: . �� ;';' -- --.. ... . _ . . . ..._ - ��. . 16. TENANT'S INDEMNIFICATION � OF LANDLORD The Tenant shall assume all liability for damages which � • �s may arise from any accident which occurs in or about the „`� `i • leased property while this Lease is in £orce except as x� ;j� � otherwise provided by this Lease, incident to Tenant's use � �= • ot the Premises. The Senant agrees to make no claim against k the Landlord for or on account af any loss or damage by reason `� of fire or other casualty except as is anticipated by this � : � Lease or as may be caused by a breach of any of the Landlord's • � agreements hereof. The Landlord shall riot be liable for damage � - to personal property�in oz about the leased property except �` as aforesaid. The Tenant shall save the Landlord harmless �; from any liability or expense arising from personal injury or �� property damage in oz about the leased property while this ��x r'.� . Lease or any renewal or extension hereof is in force. This � ;' indemnification clause shall not be construed to create any ;"� right of action or basis of claim on behalf�of any third party '; against either party hereto: � , s�:; `'^4 17. COVENANT OF QUIET ENJOYMENT �' :,� 'v � So long as the Tenant is not in default hereunder during ' � ` the base term hereof and any renewal or extension hereof, the ' � �?�, Landlord covenants that the Tenant shall peaceably and quietly `'Y �'�j ; occupy and enjoy the leased premises subject,to the terms here-_�; ;:; Yifi � of. The Landlord wariants and agrees to defend the title to :: • . • j�� ,:�; � � the leased property ' . _ `.; , . ; 1.� . .. . . ' . ._ . - � .. .. . � ' � . . ' I,_ r � - . - . 1 .. . . ' � ' . X r.x � . , . . . . . • . . , ' � • . �e s� . .� ' . . .. . . �f . . , . "" , . • _.. . � j : � �gy ' - .. � ' ' ' Ft :�-. ; . � . •• � . .;� . 1' . � ' . ' � � . ' � �: ' ,,.. , ; •....,�,,�-, ;,:...:;..�:,,� .�._ .�.__��__�.�.�. - . � ��}s, - .;.�;,: , . . . t. _. .�. . . . t.�'y�•...�e....... t_.. a .r :r.'S. .-� ...... . .......:.`r..:n . ( .�� ''... . . � �''r �cr�. �. � . , x 3��vr5:: � � .�.;38i �A� 74 �`��`:; ?�- ' 18. WAIVER No assent expressed or implied by the Landlord to any breach of any one or more of the covenants or agreements hereof by the Tenant shall be deemed or construed to be a waiver of • any succeeding or other breach. 19. LANDLORD'S RIGHTS; TENANT'S DEFAULTS � ;� 19.1 The occurrence of any of the following sha11 constitute • an event of default: �y (a) Delinquency in the payment of rent under this Lease . f,� when such rent shall become payable, for a period of five (5) days. � ?� ., . s, �; . (b) Delinquency by the Tenant in the performance of ' - ' � ` wmpliance with any of the conditions contained in ;; � this I,ease, other than nonpayment of rent, for a '? �."i period of twenty (20? days after written notice ?t � thereof from Landlord to Tenant. • ' i:s =� (c) Filing by the Tenant in any court pursuant to any S: ' statute, either of the United States or of any � ' state, of a petition in bankruptcy or insolvency, t� �': or for reorganization, or for the appointment of i:;: - • a receiver or trustee, of all or a portion of the 4� � Tenant`s property, if within ninety (90) days after 5� the commencement of any such proceeding against the �-' Tenant such petition shall not have been dismissed. � 19.2 Upon the occurrence of an event of default, the Lessor � at any time thereafter may give written notice to the Tenant specifying such event of default and stating � y' that this Lease shall expire on the date specified in :` such notice, which shall be at Ieast twenty (20) days �" after the �giving of such notice, and upon the date �� =. �! specified in such notice, this Lease and all rights of �� the Tenant hereunder shall terminate; provided, however, '� that in the event of default of nonpayment of rent as !� ti defined in Paragraph I9.1(a), no notice shall be required �?� � and this Lease shall automatically terminate at 12:01 o'clock ' �� : p,m. of the fifth day of the month in which such default � � �, occurs. • � � �;� 19.3 Upon the expiration of this.Lease, pursuant to the � N� - preceding subparagraph, the Tenant shall peacefully sur- , render the leased property to the Landlord, and the �:�' � Landlord upon or at any time after any such expiration, � ' may, without further notice, re-enter the leased property �,� ;;: and repossess it by force, summary proceedings, ejectment f=;' or otherwise, and may dispossess: �the'Tenaht~aiid�remove the „'. � Tenant and all other persons and property from the leased �`� ' premises, and may have, hold and enjoy the leased property '� s's and the right to receive all rental income therefrom. �`t �� 19.4 At any time after such expiration, the Landlord may relet � the leased property or any part therebf, in the name of �: �' the Landlord or othexwise for such term �(which may be . R:s _�` reater or less than the � g period which would otherwise . . 'f:r have constituted the balance of the term of this Lease) •' ��-. ;�;y and on such conditions as the Landlord, in Landlord's . x � uncontrolled discretion, may determine, and may collect '' �� and receive the rents therefor. The Landlord shall in ' • �� 'no way be responsible or liable for any failure to collect _ � � ' any rent due upon such reletting. . � : �;, ,• .• • . . '; :- � � •� .19.5 No 'such expiration.of this Lease shall relieve the Tenant's� ��. liability and obl,igations under this Lease, and such liabil-:, • i�a . � ity and o�ligations shall survive any such expiration. - _ - � � � . . �g� � �� ' � . . � x�• � � . , _ • ' ' . . . _ . • . _ . . ; i,.� , . • , � , • , , :.,,;..t, -_ �.,�. __ �_.. � � _:<;; � � r, 'j . . �'„r`�r.�,� . . ... . .-y < _ . . ,.... . .±..:.. _. . .. . . -�r a�.` :-��F�"s�+��je��., t��, � . ' � . `.:�3�1 �� 75 �r `s:y2� � � In the event of any such expiration, the Tenant shall pay to the Landlord the rent required to be paid by the Tenant up to the time of such expiration, and thereafter the Tenant, until the end of what would have. been the ;6 term of this Lease or the extension hereof, ih the absence of such expiration, shall be liable to the Landlord for, and shall pay to the Landlord, as and for �� liquidated and agreed damages for the Tenant's default: ':' . X . E� (a) The equivalent of the amount of the rent which ' - would be payable under this Lease by the Tenant � � :i if the Lease or extension hereof were still in � b " effect, less ;� �'7 ` • .j •',� (b) The net proceeds of any reletting effected pur- �, <' suant to the provisions of the preceding sub- � ' ' , paragraph, after deducting all of the Landlord's . �g, . _.._ ;' expenses in connection with such reletting, . 4 'k including, without limitation, all repossession � ;'� costs, brokerage commission, legal expenses, � attorneys' fees, alterations costs and�expenses +. of preparation for such reletting. � � 20. NOTICE � c; . • � 20.1 All notices to be given with respect to this Lease shall be in writing. Each notice shall be sent by registered �� or certified mail, postage prepaid and return receipt '� requested, to the party to be notified at the address •� set forth herein or at such other address as either party �; may from time to time designate in writing. 'r; ;;j 20.2 Every notice shall be deemed to have been given at the time it shall be deposited in the United States mails , = in the manner prescribed herein. Nothing contained herein shall be construed to preclude personal service - _ of any notice in the manner prescribed for personal service of a summons or other legal process. . 21. EXPENSES OF DEFAULT � a All expenses including attorneys' fees occasioned by a • `� default of Tenant shall be borne by Tenant. , 22. ATTORNEYS' .FEES • �� . . { �Should any dispute arise with regard to this agreement, �i the preyailing party shall be entitled to attorneys' fees :) and costs as part of any judgment recovered therein. . �. 23. MERGER CLAUSE . !j: � ;g This agreement constitutes the total understanding of ;i the parties with respect to the subject and no modification may be made except by a written agreement signed by the parties. . y] LS 24. BINDING EFFECT �� This Lease and all agreements herein contained shall �,• bind the parties hereto and 'their successors and assigns. � • ' 25. ADDITIONAL PROVISIONS • • ' � . . � ' . - �- � � � . . • , ' . .. � • ' , . . � ` . . . . ' ' , . , , • • .• . . � . i • (10� • : . _ � t�� . • , • . . • : . _ . , . _ .. � R�i-' � - .. . . . . . . . . . .7'•Ci • � ' - ;` . i.(C6. k' .'=iksei.`�t?� r a �,:F..�'�`""� _ . . . ?'��.�•-,�/,;Yi�' , :.: < -,+? . �A_T, ,8'Y . kfy. � � r� .. . ._ . . . . . . . R' ia kLf: . . 1 y'. . . �'+' • `�1!y . . R. _ • 4 . . v _�.:��- . - �� +� .�? ;� , . ,' a � , y ,; � ,y ' � ,� . #�` ' . � . . �:' . . _ -- �� IN WITNESS WHEREOF, the parties hereto have executed � � this Lease on the date and at the place first above written. � : � LANDLO — TENANT � / COUNTY OF PITKIN, STATE OF COLORADO �.� � �� b : :� ; � . • ��R • GEORGE O AS, Coun y nagar � ;, suuu��.,.,,, � � �`�`<< St;,t,B ,STATE OF COLORADO j . v.�• �" '> ) ss. : y�. ; w.: ,; . (�R f �Coui}ty of Pitkin ) � � .�v _- : = • . � •O�T �G.:,°_ The foregoing instrument was acknowledged before me this P(!at� :,.Q - . � °'tr,,•-.. .• ��,Q.� day of ��,,,,�, , 19�, by C. M. CLARR; Landlord. � � o� - '�%n,nu„��,.,�•' . , WITNESS my hand and official seal. • �� ! �� . ' My commission expires: � : : . • , � . My Commissian ex ' lune 14, 1983 `'., �.' . �• - • . . _ ( "�/�?/H.c.Q �G�ivrxcrs �. . . . . � ' STATE OF COLORADO )� • _ . � ; ) ss. , . . ' ' County of Pitkin ) � � � • The foregoing instrument was� acknowledged befote me this �;� ��day of ��t,CC.r.�.-�-..� � . 19�L by t •f�1/�� , i � •;.k�'1+r�C ��.. . � , Tenant. • ` � . dUlniuqrqy , . � .. ,.,�,��;?�F�O��.,,�•-r ' . , WITNESS my hand and official seal. . '�' .. � � "H �" � My commission expires: , �� A�� , .._ ,�, ,- , • : � My Commiss:on exAircg lane 14 2g$� . �z ' h � � o E � ��,�UCS�` r� n.. . � . �� .. � � � � . . �TC Ot "��f . ' . . . .. . . �,��1/rt.�.� .• � � . ..��...�� .� . - . . -. '. � , ' . , � . � . . � • . � (11� .. . . . ' � ' � � � ' . . . ... .- �� . �� ;' . ,_ � • . " . : . ' .. • ' . �' . . - �_ � . . , il � . . ' �' . . ..:�.,� .,� - . � . . . . .�� , �--_ ,__.____._ _ .. y ''y 1 �`��;. . /" �a'��>,�r�,.��- . �y� �� {�t�T'!.. . r-y7 . �rr�! . + �.. r '�'tiir:.6° ..�. ..... . � . . . . . . —,�.. :�. .. .-. . . ' ._,� � .sl.:, �ya� . {+� Ic• ♦ , . 1.r � - - . `� h�'�" ��%. _ � " . - S'��`.'-' � • r�a3�� PAGE 77 ! 4 � . � OPTION TO 12ENEW � � �; i � In consideration of the execution by. the undersigned y " Tenant of a Commercial Lease (°I,ease"} on the �4th day of „ j December • �, 1979 , the undersigned Landlord hereby 4 ' p , � grants the Tenant an option to extend said I.ease for one ' ;;' additional consecutive Terms of the same duration as the � � Basic Term, (].ess any fraction of a month included in said . � Basic Texm), upon strict compliance with the following con-.. � � ditions: � 1. Tenant shall have exercised al?. options to renew � for aIl preceding renewal Terms. 2. Tenant shall not be in default under any provision. of the Lease. :• - 3. Tenant shal7. deliver written notice to Landlord of the exercise of option to renew for each option Term not later ". :; than ninety (901 days prior to commeneement of the next suc- ceeding option Term and shall tender to Landlord any additional - ; funds necessary to maintain the Security Deposit at an amount � } • equal to one (1) month's current renta2. � 3 Upon e�cercise as aforesaid, alI the terms and condi- � + tions of the Lease sha1Z be extended £or one renewal Term, � �� ; �. � % � suliject to Cost of Living Rental Adjustments and payment of � � i :' � ; Additional Rental during the period of extension in accordance � ' with the provisions of Section 4 of the Lease. f� � 2 !� � . DATED thi5 � day of nGcc.w.�4.v— , 19�. � � .i . . � � ' LAN � TENANT: , ,f / � COUNTY OF I KIN� STA ,COLORADO �� ;: ' �' . .. c= . .H �� , Clark • GEORG , C TY GER � � r-� ' , °� - -_�.. _ � . • . . . . . . , �h. • • ' � • .. .- . ' .. - . . ' � . �y � ' . . . • . . . . . ' . , _�'{ . � . . � . . . . • . . . ;e�. �� '�;,� � r: . s ;�t_ • .._: ,,,;:.��r�; �;�:,�F;;�-i-'� `r>s,3`:t�`�r; i;:-��. 't.-�`+!—.n�, 1� .�'�""'�� G��. _ . ...,- .,�� _..r. ". ,� .. �.. . �. .. . . _ . � . JI��, . .. nrt .r ! �� . .��...l.�'�!��YS1r P9�Y H ld2mVi�/ti�`�29V �W��jWv K�- - .. . . .. . .. __ � � (� �}i:��. - � . E3QiIBIT ��n�� . ,.._381 rasf �8 ''`� � �. � _:,:�: �-- i � � — °� � v� j� � = I `..�. —� � � f; � :� • I ` ' . ;s. . ;� . . M � - I �_e- . I t - � I � �� i � .; I � �s, F.; � � � Demised premises � , ; � I � 3 I 1 . SF � I �i � � ' � � . � s � ! Sec nd Floor, North space consisting of 4 � 13,4 square feet � ! N ' . . , � a � � .f1 a � � � . • �� --- ' � � � (. � ` � � . � k �'i �t � : 48'-1" � .. , _ .__ - ---..._ . . . ._._ ._.. .. . ... _... ._.. . - �� i _.... . .._._. F` . 'w I _ . � . � . . � . , i�: . ��.� i� � ! , 1 t2'-s-.—. y: � , ' _ s a � _�y � ' � � � . i �" T� � ; �� ; . -�� i ��-f. � --} - . �� : . � ., >;i :I _— � i - �i :^r:i I _ P ( • t� . aa J_ 7 r' �� :. 3 � f;2 - S '4� � ' � f�c�� . . . � � . . �,, .�N . I ' , ' _ t::. �: -- - - - ��^��'� � � � . . SCALE:1/81NCH��1 FOOT . ' �'.�;•±i. , . . . . •iy;��F . . . � . - . - � . . .:z'.:i . , . , , . . . .:,�i:' _ . . �'. {i . •,;.. . . . . . �� . � �. .::.: � �,"'� M A 1 N S T R E E T ' i:-. _._ � .. _ r:.;_x . � �c�.� .�.xT�� .. . . �.�«��rx'r"i��. . s.....XS,'+''.+� . -� <•s�. m•�w�N._�..:: �.., %�s�,:m,;.fir,�,kK"!'.ti^f:.�i*8:+� .. - � �i,'. " �,.-•w>�tu1.w.,i+� .... � �:`.`' . � � �: • . �� •CONSUMER PR 1 CE I NDEX �T�� "�'7� � ? ` t�;. _r . � ' . DENVER • • . - •�. • . ` MARCH 1 y76 • EXHIBIT "B„ . �--_ ��. _ . . • . . `�� . ALL URBAN CONSUMERS VlAGE EARNERS AND CLERICAL; . - (CPI-U) WORKERS(CPI-N') I j' ' Percenl change From Percent c -tr�m . INOEX 2 months 1 year INOEX 2 months 1 year . . 1567=100 ago a90 1967=100 ago ago . � , . . . : . ; � d, i ALL ITEMS . . . . .,. . . . . . . 195.1 1.5 7.3 +� 195.7 1.8 7.J* ; . !', . _ i FOOD AND�EVERAGES . . . . 194.7 2.3 . 5.0* 196.5 3.3 6.0+ i � � � ------------------------------ i Food. . . . . . . . . . . . . 201.1 2.4 8.0 203.0 3.4 9.0 � Food at home. . . . . . . . 198.3 2-6 8.1 199.5 3.3 8.7 � i Cereals G bakery producls . . 182.7 2.2 9.6 184:0 2.9 ' 10.4 ' �i � i :Meats,povllry,fish, G eggs . 185.2 S.1 10.8 183.7 4.3 9.9 � � 1 ' Meats,poultry, L fish . . . 186.5 5.1 11.3' 185.4 4.5 10.7 ! Oairy products. . . . . . . . . 189.4 .6 5.9 190.6 1.2 6.5 • '; � Fruits and vegclabtes. . , , . 194.6' 1.9 :3.1 . 195.3 2.3 3.4 ! Other foods at home. . . . . . 248.4. 1.8• 9.6 253.6 3.9 11.8 5 f ! Food away from home. ., . . . 211.3 1.8 7.9 214.9 3.5 9.8 s � Alcoholic beverages. . , . . . 156.4 1.4 3.0• 156.8 1.6 3.3* ; . . �; � , � , � HOUSING .... . . . . - . • . 214.1 2.0 10.4 • 214.2 2.1 10.5• � ' Rent residentiel. . . . . . . . . 147.5 1.9 7.7 * 147.5 1.9 7.7 • i � � Homeownership. . . . . 263.2 2.0 12.1 � 263.3 2.1 12.2 • � ' . . . . � Fuelandotherutifities. . . . . 188.6 1.8 12.5' 188.5 1.8 12.4 { I Gas(P�P��E electricity . . . . 232.1 3.5 20.2 232.1 3.5 20.2 ' Householdfurnishings b oper . 175.7 2.3 6.7 • 176.2 2.6 7.0 k � � ' APPAREL G UPKEEP. 161.7 -2.6 -1.1* 166.6 .3 . 2.1* � � � � � � � 179.2 1.5 4.9 • 181.2 2.6 6.2* � � �aen's b boY s apparel . . . . � � I - Women's Fi gi�l's apparel. . 138.7 -10.2 -12.7 • 149.9 -3.0 '-5.0* �g f In(ant's b toddler's apparel . 100.0 k* 0.0 - 100.0 0.0 - P k Footwear . . . . . . . . . . . . I54.0 3.4 4.6* 154.8 4.0 5.2* � � �� -----��----------'------ ' t TRANSPORTATION. . . . . . . 174.3 .5 4.0• 173.6 .1 3.6* i Private transportati�n . . . . 175.8 1.1 3.5+� 175.6 1.0 3.3• F Public transporation . . . . . . 151.0 -9.9 9.4 • 139.4 -16.8 . .2* $ - � � ------------------------------ ' . . i '�i � MEDICAL CARE. . . . . . . .". �200.7 1.1� 4.9* 201.4 1.5 10.4* . � ;� ENTERTAINMENT : . . . 177.1 2•2 6.8* 175.5 . � 1.3 S.7• ' � � . Ol'HER GO005 G SERVICES. . 180.9 1.3 •11.7• 179.4 .i � I0.7# � ` e . P�RSONAL CARE. . , . . . . 117.2 2.♦ 10.4 • 172.2 -.S 7.0 t � -;, , . " . . --------:��-�_�_ � ALl I TEMS(1959-59=100). . . . 207.8 - - 208.6 - - . ' � ; _ . ; � .`�t� �-. ,�.' ±All CPI-U.and revised CPI-R year ago percentage changes are ealwlated from I1 monthe of , i � data bu[ are expressed st an annual rate: � _ � . . � . , � - . . . 3 � � f# DeCembCi,1977�300 . � � , � � � . . ' . � . 3 � . . � • � . ; , - � ' . -'_-- _'--'�.--�---.__. _.__'i . � , � - ___-___.._.__._ . . ..____'._._........_......,....,_. .. .,, �•..i-.=s:;: -..��...✓ . . _ � . �.,.: . . . . ..._�_.-__ .. ,� . ___._ � j� 6M�-r^,..�-- . � � � .. . ' �` � S f).Y . . � _ .��` � � . . . - . . . . . . . �. . . � � � . � �. . . . � . , . .. . . . �.t . �,`.... - ., .. ,q.,"�"�rwe, . � . . ' . � . � i i '`G.��'m��' .