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HomeMy WebLinkAbout9/18/2002 - STAFF REPORTS (6) DATE: September 18, 2002 TO: City Council FROM: Deputy Director of Aviation via Executive - Director Airports KARBZ, INC. D/B/A SSC RACING LEASE RECOMMENDATION: That the City Council approve a lease with KARBZ, Inc. d/b/a SSC Racing of Illinois Tool Works and dissolution of existing lease. SUMMARY: The Airport has an existing lease with Illinois Tool Works who subleases to KARBZ, Inc. d/b/a SSC Racing. Illinois Tool Works desires to terminate their existing lease and KARBZ, Inc. d/b/a SSC Racing desires to enter into a lease for the same premises. BACKGROUND: KARBZ, Inc. d/b/a SSC Racing is a distributor and assembly business involved in high performance race karts, they have several international and domestic vendors and a customer list that stretches internationally. The majority Stockholders of James Boltz and Joe Ramos have been involved in the motorsport industry for over 35 years. They brought the company from Seattle to Palm Springs in 1997 as activity in the southwest was far more active. In October of 1997 KARBZ, Inc. d/b/a SSC Racing secured the sublease with Illinois Tool works. It is this current lease that KARBZ, Inc. d/b/a SSC Racing has operated under. Airport management has been approached by both of the above parties to allow Illinois Tool Works out of their current lease and KARBZ, Inc. d/b/a SSC Racing would like to enter into a new lease directly with the Airport. The parcel of land has no airside access and KARBZ, Inc. d/b/a SSC Racing continues to be a good tenant at the airport. Airport management has negotiated with KARBZ, Inc. d/b/a SSC Racing for a long- term lease that would allow the Airport to receive revenues beyond the current lease expiration of 2006. The annual revenue to the airport would be $56,496. The Airport commission unanimously approved the action N move forward to the City Council for consideration. �i APPROVED: RICHARD STRICKLAND ALLEN F. SM OT, A.A.E. Dept Director of Aviation -Administration Executive Director-Airports APPROVED: 3 City Manager 6 Attachment: 1. Minute Order 2. Resolution REVIEWED BY DEPT.OF FINANCE 1<11 LEASE THIS LEASE ("Lease") is made and entered into this day of September, 2002, by and between the CITY OF PALM SPRINGS, a municipal corporation ("City"), and KARBZ, INC. d/b/a SSC RACING ("Tenant'). RECITALS WHEREAS, on or about November 1, 1997, Tenant entered into a sublease agreement ("Sublease") with Illinois Tool Works Inc ("Sublessor") for the sublease of the Demised Premises (as that tern is defined at Section 1.1 below) for a term of five (5) years expiring October 31, 2002, with an option to extend the tern until July 31, 2006 pursuant to the terns of the Sublease; WHEREAS, under the Sublease, Tenant has operated the corporate headquarters of its go-cart manufacturing business at the Demised Premises and wishes to continue to operate such business at the Demised Premises; WHEREAS, concurrently with the execution of this Lease, City and Sublessor have terminated the ground lease ("Ground Lease") under which Sublessor leased the Demised Premises from City; WHEREAS, in light of the termination of the Ground Lease, Tenant wishes to continue enter into this Lease to permit it to continue to occupy the Demised Premises and operate its corporate headquarters for its go-cart manufacturing business thereon; and WHEREAS, Tenant wishes to lease from City and City wishes to lease to Tenant the Demised Premises upon the terms and subject to the conditions of this Lease. 1. LEASE SUMMARY. Certain fundamental lease provisions are presented in this Section and represent the agreement of the parties hereto, subject to further definition and elaboration in the respective referenced Sections and elsewhere in this Lease. In the event of any conflict between any fundamental lease provision and the balance of this Lease, the latter shall control. References to specific Sections are for convenience only and designate some of the Sections where references to the particular fundamental lease provisions may appear. 1.1 Demised Premises. The "Demised Premises" shall refer to that certain real property located at 3101 East Alejo Road, Palm Springs, in the County of Riverside, State of California, as more particularly described in Exhibit "A" hereof together with the irnprovements located thereon and as depicted as the cross-hatched portions on the Plot Plan attached as Exhibit "B"hereof. 1.2 Lease. Commencement Date. The term of this Lease shall commence on September_, 2002 and shall terminate on September_, 2012. IRV#15925 vl -I- 3Q1*4 1.3 Extension Option. One (1) five (5) year option (See Section 2.2).. 1.4 Monthly Rental. Base Rental — Four Thousand Seven Hundred Eight and 00/100 Dollars ($4,708.00) (See Section 3.1). 1.5 Percentage Rental. Not applicable. 1.6 Security Deposit. (See Section 3.10). 1.7 Use of Demised Premises. Tenant desires to continue to engage in the business of operating its corporate headquarters for its go-cart manufacturing business and related operations and wishes to lease the Demised Premises, provided such uses are in compliance with federal, State, local and City laws, regulations and municipal ordinances and the Airport Rules and Regulations. Due to the noise sensitive environment of the Airport, Tenant will endeavor to not schedule work which exceeds the City noise standards between the hours of 10:00 pm and 7:00 am. Further, Tenant agrees that it will provide reciprocal access easements for all automobile parking facilities with other airport tenants. Tenant will use its best efforts to restrict the use of its automobile parking facilities on the premises to the automobiles of tenant's guests, visitors, employees and suppliers. (See Section 4.1). 1.8 Not applicable Sections. None. 1.9 Tenant's Address for Notices. KARBZ, hic. d/b/a SSC Racing 3101 East Alejo Road Palm Springs, CA 92262 Attn: Joe Ramos, President 2. TERM. 2.1 Initial Term. The initial term of this Lease shall commence on the date specified in Section 1.2 ("Commencement Date") and shall continue for the period specified therein unless earlier terminated as provided herein. 2.2 Option Term. Tenant is given the option(s) to extend the term on all of the provisions contained in this Lease for the period specified in Section 1.3 ("extended term") following the expiration of the initial term or any other extended term properly exercised hereunder, by giving notice of exercise of the option ("option notice") to City at least one hundred twenty (120) days but not more than six (6) months before the expiration of the initial term or any other extended term properly exercised hereunder; provided that, if Tenant is in default on the date of giving the option notice the option notice shall be totally ineffective or, if Tenant is in default on the date the extended term is to commence, the extended tern shall not commence and this Lease shall expire at the and of the initial term or properly exercised extended term. 2.3 Time. Time is of the essence of this Lease. 3fi3 IRV#15925 vl -2- 2.4 Force Maieure. If either party hereto shall be delayed or prevented from the performance of any act required hereunder by reason of acts of God, strikes, lockouts, labor troubles, inability to procure materials, restrictive governmental laws or regulations or other cause without fault and beyond the control of the party obligated (financial inability excepted), perfonnance of such act shall be excused for the period of the delay and the period for the perfonnance of any such act shall be extended for a period equivalent to the period of such delay, provided such party provides the other party written notice of such event within ten (10) days of the commencement of the delay; provided, however, nothing in this Section shall excuse Tenant from the prompt payment of any rental or other charge required of Tenant hereunder except as may be expressly provided elsewhere in this Lease. 2.5 Holding Over. Any holding over after the expiration of the term of this lease, with the consent of City, express or implied, shall be construed to be a tenancy from month to month, cancelable upon thirty (30) days written notice, and at a rental equal to one hundred fifty percent (150%) of the last applicable Monthly Rental and upon tenns and conditions as existed during the, last year of the term hereof. 3. RENTAL. 3.1 Monthly Rental. Tenant shall pay to City, during the term of this Lease from and after the Commencement Date as monthly rental ("Monthly Rental") for the Demised Premises the sum specified in Section 1.4 hereof, which sum shall be paid. in advance on the first day of each calendar month. In the event the Commencement Date does not occur an the first day of a calendar month, the Tenant shall pay the rental for the fractional month on the Commencement Date on a pro rata basis (calculated on a thirty-day month). All rental to be paid by Tenant to City shall be in lawful money of the United States of America and shall be paid without deduction or offset, prior notice or demand at the address designated in Section 13.10 hereof. 3.2 Percentage Rental. Not applicable 3.3 Costs of Living Adjustment. Upon each fifth year anniversary date of the Commencement Date or if the Commencement Date is not an the first day of a month, then on the first day of the next calendar month, the Monthly Rental shall be adjusted in proportion to changes in the Consumer Price Index except that no five (5) year adjustment shall exceed 25%. Such adjustment shall be made by multiplying the original Monthly Rental by a fraction, the numerator of which is the value of the Consumer Price Index for the calendar month three (3) months preceding the calendar month for which such adjustment is to be made and the denominator of which is the value of the Consumer Price hndex for the some calendar month immediately prior to Commencement Date. For example, if the adjustment is to occur effective June 1, 2006, the index to be used for the numerator is the index for the month of March 2006 and the index to be used for the denominator is the index for the month of March preceding the Commencement Date. However, in no event shall the rent be reduced below the Monthly Rental in effect immediately preceding such adjustment. The "Consumer Price Index" to be used in such calculation is the Consumer Price Index All Urban Consumers (All Items) for the Los Angeles-Anaheim-Riverside Metropolitan Area, published by the United States Department of Labor, Bureau of Labor Statistics (1982-84 = 100). If both an official index and one or more IRV#15925 v1 -3- 3fiq unofficial indices are published, the official index shall be used. If said Consumer Price Index is no longer published at the adjustment date, it shall be constricted by conversion tables included in such new index. 3.4 Additional Rental. For purposes of this Lease, all monetary obligations of Tenant under this Lease, including, but not limited to, insurance premiums, property taxes, maintenance expenses, late charges and utility costs shall be deemed to be additional rental. 3.5 Real Property Taxes. In addition to all rentals herein reserved, Tenant shall pay, at the election of City, either directly to the taxing authority or to City, annual real estate taxes and assessments levied upon the Demised Premises (including any annual real estate taxes and assessments levied upon the Demised Premises (including any Possessory interest taxes), as well as taxes of every kind and nature levied and assessed in lieu of, in substitution for, or in addition to, existing real property taxes. Such amount shall be paid on the date that is twenty (20) days prior to the delinquent date or, if City receives the tax bill, thirty (30) days after receipt of a copy of the tax bill from City, whichever is later. Even though the term of this Lease has expired and Tenant has vacated the Demised Promises, when the final determination is made of Tenant's share of such taxes and assessments, Tenant shall immediately pay to City the amount of any additional sum owed. 3.6 Personal Property Taxes. During the term hereof Tenant shall pay prior to delinquency all taxes assessed against and levied upon fixtures. furnishings, equipment and all other personal property of Tenant contained in the Demised Premises, and when possible Tenant shall cause said fixtures, furnishings, equipment and other personal property to be assessed and billed separately from the real property of City. 3.7 Utilities. Tenant shall pay before delinquency all charges for water, gas, heat. electricity, power, sewer, telephone service, trash removal and all other services and utilities used in, upon, or about the Demised Premises by Tenant or any of its subtenants, licensees, or concessionaires during the term of this Lease. 3.8 Late Payment. Tenant hereby acknowledges that late. payment by Tenant to City of rental or other sums due hereunder will cause City to incur costs not contemplated by this Lease, the exact amount of which is extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges. Accordingly, any payment of any sum to be paid by Tenant not paid when within five (5) days of its due date shall be subject to a five percent (5 %) late charge. City and Tenant agree that this late charge represents a reasonable estimate of such costs and expenses and is fair compensation to City for its loss suffered by such late payment by Tenant. 3.9Interest. Any sum to be paid pursuant to the terms of this Lease not paid when due shall bear interest from and after the due date until paid at a rate equal to three percent (3%) over the reference rate being charged by Bank of America, N.A. from time to time during such period so long as the rate does not exceed the maximum non-usurious rate permitted by law in which case interest shall be at the maximum non-usurious rate allowed by law at the time the sum became due. 3A500 1RV#15925 vl -4- 3.10 Permit. Tenant shall continuously maintain in effect during the term hereof a Commercial Aeronautical Business permit from the Airport. 4. USE OF THE PREMISES. 4.1 Permitted Use. The City hereby leases to Tenant and Tenant hires from City the Demised Premises with appurtenances as defined herein, for the purpose of conducting thereon only the use specified in Section 1.7 of this Lease and for no other use. 4.2 Compliance with Laws. Tenant shall, at its sole cost and expense, comply with all of the requirements of all municipal, state and federal authorities now in force or which may hereafter be in force pertaining to the use of the Demised Premises, and shall faithfully observe in said use all municipal ordinances, including, but not limited to, the General Plan and zoning ordinances, state and federal statutes, or other govermnental regulations now in force or which shall hereinafter be in force. Tenant's violation of law shall constitute an admission of Tenant in any action or proceeding against Tenant, whether City be a party thereto or not, that Tenant has violated any such order or statute in said use, shall be conclusive of that fact as between the City and Tenant. Tenant shall not engage in any activity on or about the Demised Premises that violates any Enviromnental Law, and shall promptly, at Tenant's sole cost and expense, take all investigatory and/or remedial action required or ordered by any governmental agency or Enviromnental Law for clean-up and removal of any contamination involving any Hazardous Material created or caused directly or indirectly by Tenant. The tern "Environmental Law" shall mean any federal, state or local law, statute, ordinance or regulation pertaining to health, industrial hygiene or the environmental conditions on, under or about the Demised Premises, including, without limitation, (i) the Comprehensive Environmental Response, Compensation and Liability Act of 1980 ("CERCLA"), 42 U.S.C. Sections 9601 et sec.; (ii) the Resource Conservation and Recovery, Act of 1976 ("RCRA"), 42 U.S.C. Sections 6901 et sue.; (iii) California Health and Safety Code Sections 25100 et sue.; (iv) the Safe Drinking Water and Toxic Enforcement Act of 1986. California Health and Safety Code Section 25249.5 et sue.; (v) California Health and Safety Code Section 25359.7, (vi) California Health and Safety Code Section 25915; (vii) the Federal Water Pollution Control Act, 33 U.S.C. Sections 1317 et seq.; (viii) California Water Code Section 1300 et seq.; and (ix) California Civil Code Section 3479 et sue., as such laws are amended and the regulations and administrative codes applicable thereto. The tern "Hazardous Material" includes, without limitation, any material or substance which is (i) defined or listed as a "hazardous waste", "extremely hazardous waste", "restrictive hazardous waste" or "hazardous substance" or considered a waste, condition of pollution or nuisance under the Environmental Laws; (ii) petroleum or a petroleum product or fraction thereof; (iii) asbestos; and/or (iv) substances known by the State of California to cause cancer and/or reproductive toxicity. It is the intent of the parties hereto to construe the terns "Hazardous Materials" and "Environmental Laws" in their broadest sense. Tenant shall provide all notices required pursuant to the Safe Drinking Water and Toxic Enforcement Act of 1986, California Health and Safety Code Section 25249.5 et sec . Tenant shall provide prompt written notice to City of the existence of Hazardous Substances on the premises acid all notices of violation of the Environmental Laws received by Tenant, fRV g15925 v1 -5- �� 1' 4.3 Non-Discrimination & FAA Required Clauses. (a) Tenant, in the operations to be conducted pursuant to the provisions of this Lease and otherwise in the use or the Airport, shall not discriminate against any person or class of persons by reason of race, color, sex, creed or national origin as in any manner prohibited by Part 15 of the Federal Aviation regulations or any amendments thereto. (b) Tenant shall furnish its accommodations and/or services on a fair, equal and not unjustly discriminatory basis to all users thereof. It shall charge fair, equal and not unjustly discriminatory prices for each unit or service; provided, however, that the tenant may be allowed to make reasonable and non-discriminatory discounts, rebates or other similar types of price reductions to volume purchasers in accordance with the other provisions of this Lease with regard to discounts and rebates. (c) The Tenant agrees to insert the anti-discrimination provisions hereinabove enumerated in any agreement by which said Tenant grants a right or privilege to any person, firm or corporation to render accommodations and/or services to the public on the Demised Premises. (d) City also reserves the right, but shall not be obligated to Tenant, to maintain and keep in repair the landing area of the Airport, as well as publicly-owned facilities of the Airport, together with the right to direct and control the activities of the Tenant in this regard. (e) Tenant hereby agrees to comply with the notification and review requirements covered in Part 77 of the Federal Aviation regulations in the event any future structure or building is planned or in the event of any plarmed modification or alteration of any present or future building or structure situated on the Demised Premises. (f) City hereby reserves a right of flight for the passage of aircraft in the airspace above the surface of the Demised Premises together with the right to create in said airspace such noise as is or shall become inherent in the operation of aircraft. operating on the Airport. (g) Tenant, by accepting the Lease, expressly agrees for itself, its successors and assigns that it shall not erect nor permit the erection of any structure or object nor permit the growth of any tree on the land leased hereunder above the mean sea level elevation of five hundred (600) feet. in such an event, City reserves the right to enter upon the Demised Premises and cause the abatement of the interference or hazard at the expense of the Tenant. (h) Tenant, by accepting this Lease, expressly agrees for itself, its successors and assigns that it shall not use the Demised Premises in any manner which might interfere with the landing and taking off of aircraft from on or off the Airport or otherwise create a hazard. In such an event, City reserves the right to enter upon the Demised Premises and cause the abatement of the interference or hazard at the expense of the Tenant. IRV#15925 vl -6- 3 ft7 (i) This agreement and all the provisions hereof shall be subject to whatever right the United States Govenunent now has or in the future may have or acquire affecting the control, operation, regulation or commandeering of the Airport or the exclusive or non-exclusive use of the Airport by the United States during the time of war or national emergency. 0) Operations for Benefit of Public. Tenant agrees to operate the Demised Premises for the use and benefit of the public, to make available all Tenant's airport facilities to the public, other than office or restricted areas. without discrimination an the grounds of sex, race, color or national origin and to refrain from imposing or levying excessive discriminatory or otherwise unreasonable charges or fees for any use of its facilities or otherwise unreasonable charges or fees for any use of its facilities for services. Nothing herein contained shall be construed to grant or authorize the granting of an exclusive right within the meaning of Section 308 of the Federal Aviation Act of 1958, as amended. Other Tenants or aircraft shall have the right to cross over taxiway/ramp areas of the Leasehold. 4.4 Signs. Tenant shall not place or permit to be Placed any sign that is not in compliance with the sign ordinance of the City upon the exterior or in the windows of the Demised Premises. Any sign not constricted in accordance therewith shall be immediately removed by Tenant and, if said sign is not removed by Tenant within ten (10) days of written notice from City to Tenant, then City may remove said sign without Tenant's approval and without any liability to Tenant. 4.5 Public Facilities Ingress Egress and Quiet Enjoyment. City agrees that Tenant, upon payment of the rental hereunder and performing the covenants of the Lease, may quietly have, hold and enjoy the Demised Premises during the term of the Lease, and that Tenant shall have the non-exclusive right to use, in common with others, the public facilities at the Airport and Tenant shall have a reasonable right of ingress to and egress from the Demised Premises and the public facilities for its employees, visitors and customers, expressly including access to runways and taxiways, from the Demised Premises and other public facilities. 4.6 Rules and Regulations. Tenant shall faithfully observe and comply with the rules and regulations that City shall from time to time promulgate and/or modify. City shall have previously provided a copy of any such rules and regulations to Tenant. Any amendment or modification of the Rules and Regulations shall be binding upon the Tenant within a reasonable period following delivery of a copy of such amendment or modification to Tenant. City shall not be responsible to Tenant for the nonperformance of any said rules and regulations by any other tenants or occupants. The Rules and Regulations shall apply and be enforced as to all tenants in the Demised Premises on a uniform basis. 5. ALTERATIONS AND REPAIRS 5.1 briprovements Alterations and Fixtures. Tenant shall not make or suffer to be made, any alterations or improvements to the Demised Premises, or any part thereof, without the prior written consent of City, which consent shall not be unreasonably withheld or delayed, and any alterations or improvements to the Demised Premises, except movable furniture, trade fixtures, equipment, and items of personal property shall become at once a part of the realty and IRV 915925 vl -7- 3fia shall at the expiration or earlier termination of this Lease belong to City free and clear of any liens or encumbrances. Tenant shall not in any event make any changes to the exterior of the Demised Premises, if any. Any such alterations or improvements shall be in conformance with the requirement of all municipal, state, federal, and other governmental authorities, including requirements pertaining to the health, welfare or safety of employees of the public and in conformance with reasonable rules and regulations of City. City may require that any such alterations or improvements be removed prior to the expiration of the term hereof provided City has notified Tenant of such requirement at the time alterations or improvements are approved. Any removal of alterations or improvements or furniture and trade fixture shall be at Tenant's expense and accomplished in a good and workmanlike manner. Any damage occasioned by such removal shall be repaired at Tenant's expense so that the Demised Premises can surrendered in a good, clean and sanitary condition as required by Section 5.2 hereof, reasonable wear and tear excepted. Any and all fixtures, improvements and appurtenances installed by Tenant shall conform with the requirements of all municipal, state, federal, and governmental authorities including requirements pertaining to the health, welfare, or safety of employees or the public. 5.2 Maintenance and Repair. Tenant shall, subject to City's obligations hereinafter provided, at all times during the tern hereof, and at Tenant's sole cost and expense, keep, maintain and repair the Demised Premises and other improvements within the Demised Premises in good and sanitary order, condition, and repair, reasonable wear and tear excepted (except as hereinafter provided) including without limitation, the maintenance and repair of any store front. doors, window easements, glazing, heating and air conditioning system, plumbing, pipes, electrical wiring and conduits. Tenant shall also at its sole cost and expense be responsible for any alterations or improvements to the Demised Premises necessitated as a result of the requirement of any municipal, state or federal authority. Tenant hereby waives all right to make repairs at the expense of the State of California. By entering into the Demised Premises, Tenant shall be deemed to have accepted the Demised Premises as being in good and sanitary order, condition and repair, and Tenant agrees on the last day of said teen or sooner Termination of this Lease to surrender the Demised Premises with appurtenances, in the same condition as when received and in a good, clean and sanitary condition, reasonable use and wear thereof and damage by fire, act of God or by the elements excepted and subject to any alterations or improvements approved by City as provided herein. Tenant shall periodically sweep and clean the sidewalks adjacent to the Demised premises, as needed. 5.3 Free From Liens. Tenant shall keep the Demised Premises free from any liens arising out of any work performed, material furnished, or obligation incurred by Tenant or alleged to have been incurred by Tenant. 5.4 Construction Obligations. Tenant agrees to make the improvements to the extent shown on the attached Exhibit "E" ("Tenant's Work,") at its sole cost and expense. 5.5 City's Reserved Rights. (a) Airport Development and Safety. City reserves the right to further develop or improve the aircraft operating area of the Airport as it sees fit, and City reserves the right to take any action it considers necessary to protect the aerial approaches of the Airport IRV#15925 vl -8- 3AR against obstruction, together with the right to prevent Tenant from erecting or pennitting to be erected any building or other structure of the Demised premises which, in the opinion of City, would limit the usefulness of the Airport or constitute a hazard to aircraft provided, if such developments or improvements materially impair Tenant's use of the Demised Premises, Tenant can terminate this lease without any further liability therefor. (b) Lease to United States. During the time of war or national emergency, City shall have the right to lease the landing area or any part thereof to the United States Government for military or naval use, and, if such lease is executed, the provisions of the Lease insofar as they are inconsistent with the provisions of the Lease to the Government shall be suspended and, in that event, a just and proportionate part of the rent hereunder shall be abated, and the period of such closure shall be added to the tern of this Lease so as to extend and postpone the expiration thereof unless the Tenant otherwise elects to terminate the Lease. 6. INSURANCE AND INDEMNIFICATION. 6.1 Insurance Provided by Tenant. (a) Food Pre aration. Tenant, if involved in food preparation and sales as a cafe, restaurant, or similar use, and/or food takeout service, shall install at Tenant s expense any fire protective systems in grill, deep fry, and cooking areas which are required by city, county, and state fire ordinances, and such system when installed shall qualify for full fire protective credits allowed by the fire insurance rating and regulatory body in whose jurisdiction the Demised Promises are located. (b) Tenant to Provide Personal Property Insurance. Tenant, at its expense, shall maintain fire and extended coverage insurance written on a per occurrence basis on its trade fixtures, equipment, personal property and inventory within the Demised Premises from loss or damage to the extent of their full replacement value and shall provide plate glass coverage. (c) Tenant to Provide Liability hlsurance. During the entire term of this Lease, the Tenant shall, at the Tenant's sole Cost and expense, but for the mutual benefit of City and Tenant, maintain comprehensive general liability insurance insuring against claims for bodily injury, death or property damage occurring in, upon or about the Demised Premises and an any sidewalks directly adjacent to -the Demised Premises written on a per occurrence basis in an amount not less than either (i) a combined single limit of FIVE MILLION DOLLARS ($5,000,000.00) for bodily injury, death, and property damage or (ii) bodily injury limits of $1,000,000.00 per person, $2,000,000.00 per occurrence and $2,000,000.00 products and completed operations and property damage limits of $500,000.00 per occurrence and $1,000,000.00 in the aggregate; provided, however, if City so elects City may provide such insurance and, In such event, Tenant agrees to pay its pro rata share of the cost of said insurance on the same basis as provided in Section 6.1 above. (d) Tenant to Provide Worker's Compensation Insurance. Tenant shall, at the Tenant's sole cost and expense, maintain a policy of worker's compensation insurance in an amount as will fully comply with the laws of the State of California and which shall indemnify, insure and provide legal defense for both the Tenant and the City against any loss, claim or IRV#15925 vl -9 3416 - damage arising from any injuries or occupational diseases occurring to any worker employed by or, any persons retained by the Tenant in the course of conducting Tenant's business in the Demised Premises. (e) General Provisions Applicable to Tenant's Insurance. All of the policies of insurance required to be, procured by Tenant pursuant to this Section 6.1 shall be primary insurance and shall name the City, its officers, employees and agents as additional insureds. The insureds shall waive all rights of contribution they may have against the City, its officers, employees and agents and their respective insurers. All of said policies of insurance shall provide that said insurance may not be amended or canceled without providing 30 days prior written notice by registered mail to, the City. Prior to the Commencement Date or such earlier date as Tenant takes possession of the Demised Premises for any purpose; and at least 30 days prior to the expiration of any insurance policy, Tenant shall provide City with certificates of insurance or appropriate insurance binders evidencing the above insurance coverages written by insurance companies acceptable to City, licensed to -do business in the state where the Demised Premises are located and rated A:V1I or, better by Beat's Insurance Guide. In the event the Risk Manager of City ("Risk Manager") determines that (i) the Tenant's activities in the Demised Premises creates an increased or decreased risk of loss to the City, (H) greater insurance coverage 13 required due to the passage of time, or (iii) changes in the industry require different coverages be obtained, Tenant agrees that the minimum limits of any insurance policy required To be obtained by Tenant may be changed accordingly upon receipt of written notice from the Risk Manager; provided that Tenant shall have the right to appeal a determination of increased coverage by the Risk Manager to the City Council of City within ten (10) days of receipt of notice from the Risk Manager. City and Tenant hereby waive any rights each may have against the other on account of any loss or damage occasioned by property damage to the Demised Premises, its contents, or Tenant's trade fixtures, equipment, personal property or inventory arising from any risk generally covered by insurance against the perils of fire, extended coverage, vandalism, malicious mischief, theft, sprinkler damage, and earthquake sprinkler leakage. Each of the parties, on behalf of their respective insurance companies insuring such property of either City or Tenant against such loss, waive any right of subrogation that it may have against the other. The foregoing waivers of subrogation shall be operative only so long as available in California and provided further that no policy is invalidated thereby. 6.2 Tenant to Provide Fire and Extended Coverage Insurance. Tenant, at its expense, shall maintain fire and extended coverage insurance throughout the term of this Lease written on a per occurrence basis on the Demised Premises, its trade fixtures, equipment, personal property and inventory within the Demised Premises from loss or damage to The extent of the full replacement value. 6.3 hrdemnification- -of City. Tenant, as a material part of the consideration to be rendered to City under this Lease, hereby waives all claims against City for damage to equipment or other personal property, trade fixtures, leasehold improvements, goods, wares, inventory. and merchandise, in, upon or about the Demised Premises and for injuries to persons in or about the Demised Promises, from any cause arising at any time, other than claims and injuries caused by the gross negligence or willful misconduct of City or its agents, employees or invitees. Tenant agrees to indemnify the City, its officers, agents and employees against, and will hold and save them and each of them harmless from, any and all actions, suits, claims, damages to persons or IRV#15925 vl -10- property, losses, costs, penalties, obligations, errors, omissions or liabilities, (herein "claims or liabilities:") that may be asserted or claimed by any person, firm or entity arising out of or in connection with (i) the negligent performance of the work, operations or activities of Tenant, its agents, employees, subcontractors, or invitees. provided for herein, or (ii) arising from the use of the Demised Premises or the parking and common areas by Tenant or its employees and customers, (iii) or arising from the failure of Tenant to keep the Demised Premises in good condition and repair, as herein provided, or (iv) arising from the negligent acts or omissions of Tenant hereunder, or (v) arising from Tenant's negligent performance of or failure to perform any tern, provision covenant or condition of this Lease, but excluding such claims or liabilities arising from the sole negligence or willful misconduct of the City, its officers, agents or employees, who are directly responsible to the City, and in connection therewith: (a) Tenant will defend any action or actions filed in connection with any of said claims or liabilities and will pay all costs and expenses, including legal costs and attorneys' fees incurred in connection therewith; (b) Tenant will promptly pay any judgment rendered against the City, its officers, agents or employees for any such claims or liabilities arising out of or in connection with the negligent performance of or failure to perform such work, operations or activities of Tenant hereunder, other than claims and injuries, caused by the gross negligence or willful misconduct of City or its agents, employees or invitees; and Tenant agrees to save and hold the City, its officers, agents, and employees harmless therefrom, (c) In the event The City, its officers, agents or employees is made a party to any action or proceeding filed or prosecuted against Tenant for such damages or other claims arising out of or in connection with the negligent performance of or failure to perforni the work, operation or activities of Tenant hereunder, other than claims and injuries caused by the gross negligence or willful misconduct of City or its agents, employees or invitees, Tenant agrees to pay to the City, Its officers, agents or employees, any and all costs and expenses incurred by the City, its officers, agents or employees in such action or proceeding, including but not limited to, reasonable legal costs and attorneys' fees. 7. ABANDONMENT AND SURRENDER. 7.1 Abandonment. Tenant shall not vacate or abandon the Demised Premises at any time during the tern of this Lease; and if Tenant shall abandon, vacate or surrender the Demised Premises or be dispossessed by process of law, or otherwise, any personal property belonging to Tenant and left on the Demised Premises shall be deemed to be abandoned, at the option of City, except such property as may be mortgaged to City. 7.2 Surrender of Lease. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not work a merger, and shall, at the option of City, tenninate all or any existing subleases or subtenancies, or may, at the option of City, operate as an assignment to it of any or all of such subleases or subtenancies. 8. DAMAGE AND DESTRUCTION OF PREMISES. IIII���� AAA AIRV#15925 v I -it- / In the event of(a) partial or total destruction of the Demised Premises during the term of this Lease which requires repairs to the Demised Promises, or (b) the Demised Premises being declared unsafe or unfit for occupancy by any authorized public authority for any reason, which declaration requires repairs to the Demised Premises, Tenant shall forthwith make said repairs. No such damage or destruction (including any destruction necessary in order to make repairs required by any declaration made by any public authority) shall in any way armul or void this Lease. Tenant shall promptly clean and remove all debris resulting from said damage or destruction. Tenant shall take preliminary steps toward restoring the improvements with thirty (30) days of the casualty and such improvements shall be restored within a reasonable time thereafter. The Demised Premises shall be restored to the condition they existed immediately before said casualty. Notwithstanding the foregoing in the event of total destruction of the Demised Promised (in Tenant's sole opinion), Tenant shall have the right to terminate this lease without any further liability therefor. 9. ASSIGNMENT AND SUBLETTING, Tenant shall not assign this Lease or sublet the Demised Premises, or any interest therein, without the prior written consent of City, which consent shall not be unreasonably withheld. Tenant may assign this Lease or sublet the Demised Premises to any affiliate, parent or subsidiary of Tenant with prior written notification to City and provision of a copy the assumption and assignment agreement. For purposes of this Lease, an assignnent shall be deemed to include the transfer to any person or group of persons acting in concert of more than twenty five percent (25%) of the present ownership and/or control of Tenant, taking all transfers into account on a cumulative basis. Any such assigmnent or subletting shall be subject to all of the terns and conditions of this Lease and proposed, assignee shall assume the obligations of Tenant under this Lease in writing in form satisfactory to City. The proposed assignee shall simultaneously provide to City an estoppel certificate in the form described in Section 13.2 hereafter. Consent by City to one assignment, subletting, occupation or use by another person shall not be deemed to be a consent to any subsequent assignment, subletting, occupation or use by another person. Any assignment or subletting without the prior written consent of City shall be void, shall constitute a material breach of this Lease, and shall, at the option of City, terminate this Lease. Neither this Lease nor any interest therein shall be assignable as to the interest of Tenant by operation of law. City shall be under no obligation to consider a request for City's consent to an assignment until Tenant shall have Submitted in writing to City a request for City's consent to such assignment together with audited financial statements of the proposed assignee, a history of the proposed assignee's business experience and such other information as required by City the criteria for assignment as set forth herein are met. In information as required by City the criteria for assignment as set forth herein are met. In addition, if City determines that the Monthly Rent payable to City under this Lease is less than the fair market rental value, as detennined by City, City shall have the right to condition its approval to an assignment or subletting on the increase of Monthly Rent to the fair market rental value. 10. ENCUMBRANCE. IRV#15925 vl _12_ jig-i3 (a) This Lease, or any right to or interest in, or any of the improvements on the Demised premises, may be encumbered with the written approval of City which shall not be unreasonably witlilield. No such encumbrance or addition thereto or extension thereof shall be valid without said approval. Any such approved encumbrance shall be Subject to the covenants, conditions and restrictions set forth herein and to all rights of City. (b) Any encumbrance must be confined to the leasehold interest of Tenant or the sub-leasehold interest of a subtenant, and shall not affect in any way the landlord's interest in the land. The encumbrance shall provide that the proceeds from fire or extended coverage insurance shall be used for the repair or rebuilding of the leasehold improvements and riot to repay any part of the outstanding mortgage. Tenant agrees to fumish, as requested, any financial statements or analysis pertinent to the encumbrance that City may deem necessary to justify the amount, purpose and terms of said encumbrance. (c) In the event of default by the Tenant of the terns of an approved encumbrance, the encumbrancer may exercise any rights provided in such approved encumbrance provided that, before any sale of the leasehold estate, whether by power of sale, or foreclosure, the encumbrancer shall give to City notice of the same character as is required to be given to Tenant by such encumbrancer pursuant to the loan documents and/or the laws of the State of California and City shall be given an additional thirty (30) days in which to cure- the default after the tone for tenant to cure has expired. (d) If any sale under the approved encumbrance occurs, whether by power of sale or foreclosure, and the purchaser at such sale is the encumbrancer, the encumbrancer may sell and assign the Lease without any further consent of City provided that The assignee shall agree in such assumption by the assignee, the encumbrancer shall be released from all future obligations of the Tenant under the Lease. If a sale under the approved encumbrance occurs, and the purchaser is a party other than the encumbrancer, said purchaser, as successor in interest to the Tenant, shall be bound by all the tenns and conditions of the Lease and the purchaser shall assume in writing the obligations of Tenant hereunder. (e) If notice of such sale shall be given and the defaults or any of them upon which such notice of sale is based shall then continue, City shall have the right to correct such defaults at any time prior to the date of sale or foreclosure, and to tenninate such leasehold upon paying to the encumbrancer the balance of the encumbrance as hereinafter defined. (0 "Balance of encumbrance" shall mean the amount of principal remaining unpaid on a note secured by a trust deed or mortgage of an interest plus accrued and past due interest thereon and expenses incurred by the lender in connection with foreclosure including by not limited to, fire hlsurance premiums, title insurance expenses, recording fees, appraisal fees, credit reports and any tax reporting services and additional expenditures paid by the lender on additions, betterments and rehabilitations of improvements on the property encumbered pursuant to plans approved by landlord, which consent may not be unreasonably withheld, and other expenses necessary to place the improvements in marketable condition, such adjusted principal to be paid in case or, at the option of City, amortized over the tenn and in accordance with the schedule set forth in said note, the interest rate on the unpaid balance thereto to be as set forth in said note. IRV#15975 vI -13- J )q / Y (g) City agrees to provide encumbrancer written notice of any default by Tenant Linder this lease and an opportunity to cure at the time notice of such default is provided to Tenant and give encumbrancer thirty (30) days to cure a monetary default or forty days, encumbrancer shall have a reasonable time to cure such default provided that encumbrancer commences to cure within said forty-five days and diligently prosecutes the cure to completion. Such period of time shall include the time to complete a foreclosure action if encumbrancer needs to gain possession of the Demise Premises to cure said default by Tenant. 11. DEFAULT AND REMEDIES. 11.1 Default by Tenant. In addition to the defaults described in Section 9.0 hereinabove, the occurrence of any one or more of the following events shall constitute a default and breach of this Lease by Tenant; (a) the failure to pay any rental or other payment required hereunder to or on behalf of City more than five (5) days after written notice from City to Tenant that Tenant has failed to pay rent when due; (b) the failure to perform any of Tenant's agreements or obligations hereunder (exclusive of a default in the payment of money) where such default shall continue for a period of thirty (30) days after written notice thereof from City to Tenant which notice shall be deemed to be the statutory notice so long as such notice complies with statutory requirements, or in the event such failure cannot be cured within such 30 day period, Tenant has not commenced curative measures within such period and Tenant is not diligently pursuing same; (c) the vacation or abandomnent of the Demised Promises by Tenant; (d) the making by Tenant of a general assig anent for the benefit of creditors; (e) the filing by Tenant of a voluntary petition in bankruptcy or the adjudication of Tenant as a bankrupt; (f) the appointment of a receiver to take possession of all or substantially all the assets of Tenant located at the Demised Premises or of Tenant's leasehold interest in the Demised Premises; (g) the filing by any creditor of Tenant of an involuntary petition in bankruptcy which is-not dismissed within sixty (60) days after filing; or (h) the attachment, execution or other judicial seizure of all or substantially all of the assets of Tenant or Tenant's leasehold where such an attachment, execution or seizure is not discharged within sixty (60) days. Any repetitive failure by Tenant to perform its agreements and obligations hereunder, though intermittently cured, shall be deemed an incurable default. Two (2) breaches of the same Covenant within a sixty (60) day period, a notice having been given pursuant to (a) or (b) above for the first breach, or three (3) of the same or different breaches at any time during the term of this Lease for which notices pursuant to (a) or (b) above were given for tile first two (2) breaches shall conclusively be deemed to be an incurable repetitive failure by Tenant to perform its obligations hereunder. In the event of any such default or breach by Tenant, City may at any time thereafter, without further notice or demand, rectify or cure such default, and any sums expended by City for such purposes shall be paid by Tenant to City upon demand and as additional rental hereunder. In the event of any such default or breach by Tenant, City shall have the right (i) to continue the lease in full force and effect and enforce all of its rights and remedies under this Lease, including the right to recover the rental as it becomes due under this Lease, or (ii) City shall have the right at any time thereafter to elect to terminate the Lease and Tenant's right to possession thereunder. Upon such termination, City shall have the right to recover from Tenant: (a) The worth at the time of award of the unpaid rental which had been earned at the time of termination; IRV#15925 vl -14- /��� (b) The worth at the time of award of the amount by which the unpaid rental which would have been earned after termination until the time of award exceeds the amount of such rental loss that the Tenant proves could have been reasonably avoided; (c) The worth at the time of award of the amount by which the unpaid rental for the balance of the tern after the time of award exceeds the amount of such rental loss that the Tenant proves could be reasonably avoided; and (d) Any other amount necessary to compensate the City for all the detriment proximately caused by Tenant's failure to perform its obligations under the lease or which in the ordinary course of things would be likely to result therefrom. The "worth at the time of award" of the amounts ref erred to in subparagraphs (i) and (ii) above shall be computed by allowing interest at three percent (3%) over the prime rate then being charged by Bank of America, N.A. but in no event greater than the maximum rate permitted by law. The worth at the time of award of the amount referred to in subparagraph (iii) above shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award phis one percent (1%), but in no event greater than ten percent(10%). As used herein "rental" shall include the Monthly Rental, percentage rental equal to the average percentage rental paid or payable by Tenant for the last twelve (12) months or such lesser period as Tenant has been open for business, other sums payable hereunder which are designated "rental" or "additional rental" and any other sums payable hereunder on a regular basis such as reimbursement for real estate taxes. Such efforts as City may make to mitigate the damages caused by Tenant's breach of this Lease shall not constitute a waiver of City's right to recover damages against Tenant hereunder, nor shall anything herein contained affect City's right to indemnification against Tenant for any liability arising prior to the tennination of this Lease for personal injuries or property damage, and Tenant hereby agrees to indemnify and hold City harmless from any such injuries and damages, including all attorney's fees and costs incurred by City in defending any action brought against City for any recovery thereof, and in enforcing the terms and provisions of this indemnification against Tenant. Notwithstanding any of the foregoing, the breach of this Lease by Tenant, or an abandonment of the Demised Premises by Tenant, shall hot constitute a termination of this Lease, or of Tenant's right of possession hereunder, unless and until City elects to do so, and until such time City shall have the right to enforce all of its rights and remedies under this Lease, including the right to recover rent, and all other payments to be made by Tenant hereunder, as they become due. Failure of City to terminate this Lease shall not prevent City from later terminating this Lease or constitute a waiver of City's right to do so. 11.2 No Waiver. Acceptance of rental hereunder shall not be deemed a waiver of any default or a waiver of any of City's remedies. 12V#15925 vl -15 304 Ap 11.3 City's Default. City shall not be in default unless City f ails to perform obligations required of City within a reasonable time, but In no event later than thirty (30) days after written notice by Tenant to City and to the holder of any first mortgage or deed of trust covering the Premises whose name and address shall have theretofore been furnished to Tenant in writing, specifying wherein City has failed to perform such obligation; provided, however, that if the nature of City's obligation is such that more than thirty (30) days are required for performance then City shall not be deemed in default if City commences perforniance within a (30) day period and thereafter diligently prosecutes the same to completion. hi no event shall Tenant have the right to terminate this Lease as a result of City's default and Tenant's remedies shall be limited to damages and/or an injunction. 12. CONDEMNATION. In the event a condemnation or a transfer in lieu thereof results in a taking of any portion of the Demised Premises. City may, or in the event a condemnation or a transfer in lieu thereof results in a taking of ten percent (10%) or more of the Demised Premises, Tenant may, upon written notice given within thirty (30) days after such taking or transfer in lieu thereof, terminate this Lease. Tenant shall not be entitled to share in any portion of the award and Tenant hereby expressly waives any right or claim to any part thereof Tenant shall, however, have the right to claim and recover, only from the condemning authority (but not from City), any amounts necessary to reimburse Tenant for the cost of removing stock and fixtures. If this Lease is not terminated as above provided, City shall use a portion of the condemnation award to restore the Demised Premises. 13. MISCELLANEOUS. 13.1 Entry and Inspection. Tenant shall permit City and his agents to enter into and upon the Demised Premises at all reasonable times following prior notice by City (except in emergencies) for the purpose of inspecting the sarne or for the purpose of maintaining the Demised Premises as required by the terms of this Lease or for tile purpose of posting notices of non-liability for alterations, additions or repairs, or for the purpose of placing upon the property in which the Demised Premises are located any usual or ordinary "For Sale" signs or any signs for public safety as determined by City. City shall be permitted to do any of the above without any rebate of rent and without any liability to Tenant for any loss of occupation or quiet enjoyment of the Demised Premises thereby occasioned. Tenant shall pen-nit City, at any time within six (6) months prior to the expiration of this Lease, to place upon the Demised Premises any usual or ordinary "For Lease" signs, and during such six (6) month period City or his agents may, during normal business hours, enter upon said Demised Premises and exhibit same to prospective tenants. 13.2 Estoppel Certificate. If, as a result of a proposed sale, assignment, or hypothecation of the Demised Premises or the land thereunder by City, or at any other time, an estoppel certificate shall be requested of Tenant, Tenant agrees, within ten (10) days thereafter, to deliver such estoppel certificate in the form attached hereto as Exhibit "C', addressed to any existing or proposed mortgagee or proposed purchaser, and to the City provided, and only to the extent, the statements in such letter are accurate at such time. Tenant shall be liable for any loss IRV NI5925 vl -16- 1 or liability resulting from any incorrect information certified, and such mortgagee and purchaser shall have the right to rely an such estoppel certificate and financial statement. 13.3 Jurisdiction and Venue. The parties hereto agree that the State of California is the proper jurisdiction for litigation of any matters relating to this Lease. and service mailed to the address of tenants set forth herein shall be adequate service for such litigation. The parties further agree that Riverside County, California is the proper place for venue as to any such litigation and Tenant agrees to submit to the personal jurisdiction of such court in the event of such litigation. 13.4 Partial Invalidity. If any term, covenant, condition or provision of this Lease is held by a court of competent jurisdiction to be invalid, void, or unenforceable, the remainder of the provisions hereof shall remain in full force and effect and shall in no way be affected, impaired or invalidated thereof. 13.5 Successors in Interest. The covenants herein contained shall, subject to the provisions as to assignment, apply to and bind the heirs, successors, executors, administrators and assigns of all the parties hereto; and all of the parties hereto shall be jointly and severally liable hereunder, 13.6 No Oral Agreements. This (i) Lease covers in full each and every agreement of every kind or nature whatsoever between the parties hereto concerning this Lease, (ii) supersedes any and all previous obligations, agreements and understandings, if any, between the parties, oral or written, and (iii) merges all preliminary negotiations and agreements of whatsoever kind or nature herein. Tenant acknowledges that no representations or warranties of any kind or nature not specifically set forth herein have been made by City or its agents or representatives. 13.7 Authority. In the event that either party is a corporation or a partnership, each individual executing this Lease on behalf of said corporation or said partnership, as the case may be, represents and warrants that he or she is duly authorized to execute and deliver this Lease on behalf of said corporation or partnership, in accordance with a duly adopted resolution of the Board of Directors, if a corporation, or in accordance with the Partnership Agreement, if a partnership, and that this Lease is binding upon said corporation or partnership in accordance with its terms. Each party represents and warrants to the other that the entering into this Lease does not violate any provisions of any other agreement to which such party is bound. 13.8 Relationship of Parties. The relationship of the parties hereto is that of City and Tenant, and it is expressly understood and agreed that City does not in any way or for any purpose become a partner of Tenant in the conduct of Tenant's business or otherwise, or a joint venturer with Tenant, and that the provisions of this Lease and the agreements relating to rent payable hereunder are included solely for The purpose of providing a method whereby rental payments are to be measured and ascertained. 13.9 Nondiscrimination. Tenant herein covenants by and for itself, its heirs, executors, administrators and assigns and all persons claiming under or through it, and this Lease is made and accepted upon and subject to the following conditions: That there shall be no IRV#15925 vl -17- ���� discrimination against or segregation of any person or group of persons on account of race, sex, marital status, color, creed, national origin or ancestry, in the leasing, subleasing, transferring, use, occupancy, tenure or enjoyment of the Demised Premises herein leased, nor shall the Tenant itself, or any person claiming under or through it, establish or permit any such practice or practices. of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, sublessees, subtenants or vendees in the Demised Premises. 13.10 Notice. Wherever in this Lease it shall be required or permitted that notice and demand be given or served by either party to this Lease to or on the other, such notice or demand shall be given or served in writing and shall nor be deemed to have been duly given or served unless in writing, and personally served or forwarded by certified mail, postage prepaid, addressed, if to City, to City of Palm Springs, P.O. Box 2743, Palm Springs, California, 92263, Attn: City Manager, and if-to Tenant, as specified in Section 1.7 with a copy to SIGNATURE COMBS, , Attn: General Counsel. Either party may change the address set forth herein by written notice by certified mail to the other. Any notice or demand given by certified mail shall be effective one (1) day subsequent to mailing. 13.11 Waiver. No delay or omission in the exercise of any right or remedy by a non-defaulting party shall impair such right or remedy or be construed as a waiver. A party's consent to or approval of any act by the other party requiring the party's consent or approval shall not be deemed to waive or render unnecessary the other party's consent to or approval of any subsequent act. Any waiver by either party of any default must be in writing and shall not be a waiver of any other default concerning the same or any other provision of this Lease. 13.12 Exhibits and Addenda. The Exhibits and Addenda attached to this Lease are made 2 part hereof as if frilly set forth herein. hi the event of a conflict between the terms and provisions of an Addenda and the terms and provisions of this Lease, the terms and provisions of the Addenda shall prevail. 13.13 At Expiration of Termination of Lease. Upon the expiration or sooner termination of this Lease, Tenant shall promptly deliver to City a quit claim deed conveying its interest in the Demised Premises to City. 13.14 FAA Required Provisions. Tenant shall comply with the provisions set forth in Exhibit "C" at all times during the tern of this Lease, as such term may be extended. IRV 1115925 vl -18- �* EXHIBIT "A" LEGAL DESCRIPTION OF DEMISED PREMISES Those certain portions of section 13, Township 4 South, Range 4 East, San Bernardino Base and Meridian, in the City of Palm Springs, County of Riverside, State of California, being more particularly described as follows: Commencing at the Northeast corner of said section 13, thence along the northerly line of section 13, South 89*48'00" West a distance of 508.91 feet; thence South 0*12'00" East a distance of 71.11 feet to the true point of beginning, thence North 51*10'25" West a distance of 66.28 feet; thence South 0*18'36" East a distance 336.50 feet; thence South 89*48'00" West a distance of 253.27 feet; thence South 0*12'00" East a distance of 252.58 feet, thence North 89*33'00" East a distance of 370.73 feet, thence North 2*05'05" East a distance of 145.95 feet; thence South 89*48'00" West a distance of 15.82 feet; thence North 0*12"00" West a distance of 399.89 feet; thence South 89*48'00" West a distance of 56.61 feet to the point of beginning. Said parcel containing 2.882 acres. J`0� IRV#15925 vl _20- EXHIBIT "B" DEPICTION OF DEMISED PREMISES (I II II Nag 47'20'E 665 70' _ _—b \ \\ 12 \ 6C9'46'O-W 668 77' 159.66' \ SOB 91' IS 16 -r-•--ram \ 12'00'E 71. �\ \ 71.11' 66.28' W po I YY'Y'YWY'YYYV YYY r-„\`� l���� h N � AMUI.IM��J�AA✓.A�!�V.�� 1 � o n I o J Flaw F�-^C6lmt /Alll N P I n r'.S89'48'0O'W 253 27' t 5 I I I z 15 2' 00"W 15.82' I ry z NB9'33'00'E —_--_-- _ 37CT73' _ II I I � I I I i Na SOAU PARCEL -21- 3f�'al EXHIBIT "C" FAA PROVISIONS Tenant shall comply with the following provisions at all times during the terin of this Lease, as such term may be extended A NONDISCRIMINATION 1. Tenant, for itself, its personal representatives, successors in interest, and assigns, as a part of the consideration hereof, does hereby covenant and agree that: a. No person on the grounds of race, color, or national origin shall be excluded from participation, denied the benefits of, or be otherwise subjected to discrimination in the use of the Demised Premises. b. In the construction of any improvements on, over, or under the Demised Premises and the furnishing of services thereon, no person on the grounds of race, color, or national origin shall be excluded from participation in, denied the benefits of, or otherwise be subjected to discrimination. c. Tenant shall use the Lease Area in compliance with all other requirements imposed by or pursuant to Title 49, Code of Federal Regulations ("CFR"), Department of Transportation, Subtitle A, Office of the Secretary, Part 21, Nondiscrimination in Federally-assisted programs of the Department of Transportation-Effectuation of Title VI of the Civil Rights Act of 1964, and as said Regulations may be amended. 2. In the event of breach of any of the above nondiscrimination covenants, City shall have the right to terminate the Lease and to re-enter and repossess said land and the facilities thereon, and hold the same as if said Lease had never been made or issued. This provision does not become effective until the procedures of 49 CFR Part 21 are followed and completed, including expiration of appeal rights. 3. Tenant shall furnish its accommodations and/or services on a fair, equal and hot unjustly discriminatory basis to all users thereof and it shall charge fair, reasonable and not unjustly discriminatory prices for each unit or service. 4. Noncompliance with the provisions in this Exhibit C shall constitute a material breach thereof and in the event of such noncompliance City shall have the right to terminate this Lease and the estate hereby created without liability therefore or at the election of City or the United States either or both said Governments shall have the right to judicially enforce the provisions in this Exhibit. S. Tenant agrees that it shall insert the above four Provisions - in any lease (agreement, contract, etc.) by which said Tenant grants a right or privilege to any person, firm or corporation to render accommodations and/or service to the public on the Demised Premises. IRV C5925 vi -22- / A J\ B. DEVELOPMENT OF AIRPORT. City reserves the right to further develop or improve the airport, including but not limited to, the terminal, runways, and landing areas of the Airport as it sees fit, regardless of the desires or view of Tenant, and without interference or hindrance by Tenant. Tenant shall not be entitled to any damages as a result of such alteration other than rent reduction in proportion to that portion of the Demised Premises taken by City for such development or improvement; provided, however, that Tenant may tenninate this Lease upon thirty (30) days written notice to City if such portion taken by the City materially interferes with Tenant's ability to perform its business operations at the Demised Premises. Any written notice provided by Tenant to City hereunder shall specifically describe the nature of such material interference. D. LEASE SUBORDINATE TO AGREEMENT WITH U.S.A. This Lease shall be subordinate to the provisions and requirements of any existing or firture agreement between City and the United States or any lawful requirement of the United States relative to the development, operation, or maintenance of the Airport. E. USE TO CONFORM WITH FEDERAL AVIATION REGULATIONS. Tenant agrees that Tenant's use of the Lease Area, including all construction thereon, shall conform to applicable Federal Aviation Regulations. Tenant agrees to comply with, the notification and review requirements covered in Part 77 of the Federal Aviation Regulations (as same may be amended from time to time or such other regulation replacing Part 77 as may be adopted by Federal authority) prior to the constriction of the improvements described herein and prior to the construction of any future structure or building upon the Lease Area or in the event of any planned modification or alteration of any present or future building or structure situated on the Lease Area. F. NONEXCLUSIVE RIGHT. It is understood and agreed that nothing herein contained shall be construed to grant or authorize the granting of an exclusive right within the meaning of Section 308a of the Federal Aviation Act of 1958 (49 U.S.C. 1349). G. RESERVATION OF AVIATION EASEMENT. City hereby reserves for itself, its successors and assigns, for the use and benefit of the public, a right of flight for the passage of aircraft in the air space above the surface of the Lease Area, together with the right to cause in said air space such noise as may be inherent in the operation of aircraft now known or hereafter used for navigation of, or flight in the air, using said air space, or landing at, taking off from, or operating at the Airport. H. HEIGHT LIMITATION OF STRUCTURES. Tenant by accepting this Lease expressly agrees for itself, its successors and assigns that it will not erect nor permit the erection of any stricture or object nor pen-nit the growth of any tree on the land leased hereunder which would penetrate the imaginary surfaces as defined in Part 77 of the Federal Aviation Regulations (as same may be amended from time to time or as such regulation replacing Part 77 may be adopted by federal authority) or such other lesser altitude as may be required by City. In the event the aforesaid covenants are breached, City reserves the right to enter upon the land leased hereunder and to remove the offending structure or object and cut the offending tree, all of which shall be at the expense of Tenant. IRV#15925 vl _23_ 0 L NONINTERFERENCE WITH AIRCRAFT. Tenant by accepting this Lease agrees for itself, its successors and assigns that it will not make use of the Lease Area in any mariner which might interfere with the landing and taking off of aircraft from the Airport or otherwise constitute a hazard. In the event the aforesaid covenant is breached, City reserves the right to enter upon the premises hereby leased and cause the abatement of such interference at the expense of Tenant. J. WAR OR NATIONAL EMERGENCY. This Lease and all the provisions hereof shall be subject to whatever right the United States Govenunent now has or in the future may have or acquire, affecting the control, operation, regulation and taking over of Airport or the exclusive or nonexclusive use of Airport by the United States during the time of war or national emergency. IRV#15925 v1 -24- MINUTE ORDER NO. APPROVING THE TERMINATION OF LEASE AGREEMENT NO. 3308 WITH ILLINOIS TOOL WORKS AS A CONCURRENT ACTION OF THE RESOLUTION CREATING A NEW LEASE WITH KARBZ, INC. D/B/A SSC RACING. - - - - - - - - - - - - - - - - - - - - I HEREBY CERTIFY that this Minute Order approving the termination of Lease Agreement No. 3308 with Illinois Tool Works as a concurrent action of the resolution creating a new lease with KARBZ, Inc. d/b/a SSC Racing, was adopted by City Council of the City of Palm Springs, California in a meeting thereof held on the 18th, day of September, 2002. PATRICIA A. SANDERS City Clerk 3E> RESOLUTION NO. OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA,APPROVING LEASE AGREEMENT NO. _ WITH KARBZ, INC. D/B/ASSC RACING INC. FOR ATERM OF TEN (10) YEARS WITH A MONTHLY PAYMENT OF $4,708. WHEREAS, on or about November 1, 1997, Tenant entered into a sublease agreement ("Sublease") with Illinois Tool Works Inc. ("Sublessor") for the sublease of the Demised Premises (as that term is defined at Section 1.1 below) for a term of five (5) years expiring October 31, 2002, with an option to extend the term until July 31, 2006 pursuant to the terms of the Sublease; and WHEREAS, under the Sublease,Tenant has operated the corporate headquarters of its go- cart manufacturing business at the Demised Premises and wishes to continue to operate such business at the Demised Premises; and WHEREAS, concurrently with the execution of this Lease, City and Sublessor have terminated the ground lease ("Ground Lease") under which Sublessor leased the Demised Premises from City; and WHEREAS, in light of the termination of the Ground Lease, Tenant wishes to enter into this Lease to permit it to continue to occupy the Demised Premises and operate its corporate headquarters for its go-cart manufacturing business thereon; and WHEREAS, Tenant wishes to lease from City and City wishes to lease to Tenant the Demised Premises upon the terms and subject to the conditions of this Lease; and NOW THEREFORE BE IT RESOLVED by the CITY COUNCIL of the City of Palm Springs as follows: Section 1. Lease Summary. Certain fundamental lease provisions are presented in this Section and represent the agreement of the parties hereto, subject to further definition and elaboration in the respective referenced Sections and elsewhere in this Lease. In the event of any conflict between any fundamental lease provision and the balance of this Lease, the latter shall control. References to specific Sections are for convenience only and designate some of the Sections where references to the particular fundamental lease provisions may appear. 1.1 Demised Premises. The "Demised Premises" shall refer to that certain real property located at 3101 East Alejo Road, Palm Springs, in the County of Riverside, State of California, as more particularly described in Exhibit"A" hereof together with the improvements located thereon and as depicted as the cross-hatched portions on the Plot Plan attached as Exhibit "B" hereof. V Resolution No. September 18, 2002 Page 2 1.2 Lease. Commencement Date. The term of this Lease shall commence on September , 2002 and shall terminate on September 2012. ADOPTED this day of 2002. AYES: NOES: ABSENT: ATTEST: CITY OF PALM SPRINGS, CALIFORNIA By City Clerk City Manager REVIEWED & APPROVED AS TO FORM EXHIBIT "A" LEGAL DESCRIPTION OF DEMISED PREMISES Those certain portions of section 13, Township 4 South, Range 4 East, San Bernardino Base and Meridian, in the City of Palm Springs, County of Riverside, State of California, being more particularly described as follows: Commencing at the Northeast corner of said section 13, thence along the northerly line of section 13, South 89*48'00" West a distance of 508.91 feet; thence South 0*12'00" East a distance of 71.11 feet to the true point of beginning, thence North 51*10'25" West a distance of 66.28 feet; thence South 0*18'36" East a distance 336.50 feet; thence South 89*48'00" West a distance of 253.27 feet; thence South 0*12'00" East a distance of 252.58 feet, thence North 89*33'00" East a distance of 370.73 feet, thence North 2*05'05" East a distance of 145.95 feet; thence South 89*48'00" West a distance of 15.82 feet; thence North 0*12"00" West a distance of 399.89 feet; thence South 89*48'00" West a distance of 56.61 feet to the point of beginning. Said parcel containing 2.882 acres. � v3 IRV#15925 vl -20- EXHIBIT `B" DEPICTION OF DEMISED PREMISES II N89*47'20'E 660 70' 12 S59'46'0'W 668 77' 159 e6' \ 308 91' 13 18 --�-�- 71 11' SB9'48'00'W N5110,26 66.26' W I -/Yl'YIYVI�YYYYYYYr','Y,"("1 ���• n "• " " " " '� .S89'48'00'W 263.27' t N _N69'48'0-E _00'__ J w 0 J N Se9'4e DO"W SO1 �/ NB9'33'WE ------- — 370.73' I I � I I � -NO MA E PARCEL -21- 3Cq