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8N Consent 2008 0902
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8N Consent 2008 0902
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8/29/2008 9:33:58 AM
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8/29/2008 9:33:56 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
9/2/2008
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PERM
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_CC Agenda 2008 0902
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2008\Packet 2008 0902
RDA Reso 2008-023
(Reference)
Path:
\City Clerk\City Council\Resolutions\2008
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(ii) the worth at the time of award of the amount by which the unpaid rent which would have <br />been earned after termination until the time of the award exceeds the amount of the rental loss <br />that Agency proves could have been reasonably avoided; (iii) the worth at the time of award <br />computed by discounting the amount at the discount rate of the Federal Reserve Bank of San <br />Francisco at the time of award plus one percent (1 %) of the amount by which the unpaid rent for <br />the balance of the term after the time of award exceeds the amount of rental loss that Agency <br />proves could be reasonably avoided; (iv) all reasonable legal expenses and other related costs <br />incurred by Lessor following Agency's default; and (v) all reasonable costs incurred by Lessor in <br />reletting the Property. <br />11.2 Continuation after Default. Even if Agency has breached this Lease and abandoned the <br />Property, Lessor may elect to have this Lease continue in effect for so long as Lessor does not <br />terminate Agency's right to possession, and in such event Lessor may enforce all rights and <br />remedies under this Lease and under Civil Code Section 1951.4, including the right to recover <br />the Rent as it becomes due under this Lease. Acts of maintenance or preservation, efforts to relet <br />the Property, or the appointment of a receiver upon initiative of Lessor to protect Lessor's <br />interest under this Lease shall not constitute a termination of Agency's right to possession. <br />11.3 Remedies Cumulative. The remedies provided in this Lease are in addition to any other <br />remedies available to Lessor at law, in equity, by statute, or otherwise. <br />11.4 Right of Lessor to Cure Defaults. If Agency fails to perform any obligation of Agency <br />under this Lease, and such failure continues for thirty (30) days after notice of the failure by <br />Lessor, or such longer period as may be allowed under this Lease, Lessor may, without waiving <br />or releasing Agency form any obligation of Agency, make payment or perform other acts <br />required by this Lease on Agency's behalf. All sums paid by Lessor and all necessary incidental <br />costs shall be payable to Lessor on demand and shall constitute additional Rent under this Lease. <br />ARTICLE XII <br />EMINENT DOMAIN <br />If all or any part of the Property is taken through eminent domain, this Lease shall terminate for <br />the part taken as of the date of taking. For a partial taking, either Lessor or Agency shall have <br />the right to terminate this Lease for the balance of the Property by notice to the other within <br />thirty (30) days after the taking. However, Lessor's or Agency's right to terminate arises only if <br />the portion of the Property taken substantially handicaps, impedes, or impairs the use of the <br />balance of the Property. In the event of any taking, compensation due far such taking shall be <br />allocated as provided in the California Eminent Domain Law. In the event of a partial taking of <br />the Property that does not result in a termination of this Lease, the subsequent monthly rental <br />shall be equitably reduced. <br />ARTICLE XIII <br />GENERAL PROVISIONS <br />13.1 No Waiver. The waiver by either party of any agreement, condition, or provision <br />contained in this Lease shall not be deemed to be a waiver of any subsequent breach of the <br />1137220-3 9 <br />
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