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Art Exchange Lease with the City of Long Beach

Art Exchange Lease with the City of Long Beach

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Published by Long Beach Post
Executed in December 2011
Executed in December 2011

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Published by: Long Beach Post on Oct 17, 2013
Copyright:Attribution Non-commercial

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01/31/2014

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1
LEASE
2
32433
3
THIS
LEASE
is
made
and
entered
in
duplicate
asof
December
1
2011
4
pursuantto
a
minute
order
of
the
City
Council
of
the
City
of
Long
Beach
made
on
5
December
6
2011
byand
between
the
CITY
OF
LONG
BEACH
whose
address
is
333
6
W
Ocean
Blvd
3rd
Floor
Long
Beach
CA
90802
the
Landlord
and
THEART
7
EXCHANGE
VISUALART
CENTER
INC
whoseaddress
is
340
E
3rd
Street
Long
8
Beach
CA90802
the
Tenant
9
Landlord
and
Tenant
in
consideration
of
the
mutual
terms
covenants
and
10
conditions
herein
agree
as
follows
11
1
Premises
Landlordherebyleases
to
Tenant
and
Tenant
hereby
r
12
accepts
and
leases
approximately
4
50
square
feet
of
certain
office
space
depicted
on
o
13
Exhibit
A
ttached
hereto
the
Premises
commonly
known
as
340352
and356
E
z
o
14
3
Street
The
Premises
are
part
of
a
larger
buildingconsisting
of
approximately
7
80
15
square
feet
owned
by
Landlord
Building
Tenant
currently
occupies
340
E
3
treet
owom
g
16
pursuant
to
a
Rental
Agreement
No
DT
648
datedMarch
10
2010
Original
Lease
I
u
3
o
0
2
17
betweenTenant
and
Landlord
as
successor
in
nterest
to
the
Redevelopment
Agencyof
18
the
City
of
Long
Beach
ThisLeaseamends
and
replaces
the
Original
Lease
in
its
19
entirety
20
2
Term
The
termofthisLeaseshall
commence
on
December
1
2011
21
the
Commencement
Date
and
shall
continueindefinitelythereafter
on
a
month
to
22
month
basis
unless
soonerterminated
as
provided
herein
23
3
Termination
Right
Either
party
may
terminate
thisLeasewith
24
respect
to
the
Premises
or
any
portion
thereof
at
any
time
andfor
any
reason
during
the
25
term
providedthatsuchparty
provides
at
least
ten
10
days
advance
notice
in
writing
to
26
the
other
party
27
4
Rent
Tenant
shallpay
to
Landlord
a
rental
payment
of
One
Dollar
28
1
0
er
month
Base
Rent
Asadditionalconsideration
for
the
Premises
Tenant
1
RFA
bg
000553
 
1
shall
provide
low
ono
cost
after
school
and
summer
art
programs
to
local
2
disadvantaged
youth
in
a
mannerreasonably
acceptable
to
Landlord
3
5
Use
Tenant
shallusethe
Premises
for
art
related
offices
storage
4
workshops
studios
and
galleries
Tenant
may
alsoconduct
occasional
showings
and
5
social
eventsat
thePremises
for
fundraising
purposes
The
Premisesshall
not
beused
6
by
Tenant
forany
other
purpose
without
the
expresswrittenconsent
of
Landlord
which
7
maybe
withheld
in
its
sole
and
absolute
discretion
Tenant
shallconduct
its
operations
in
8
accordance
with
operating
restrictions
whichmay
be
reasonably
imposed
by
Landlord
9
6
Tenant
Improvements
ThePremises
shall
be
leased
in
as
is
10
condition
without
any
representations
or
warranties
whatsoever
by
Landlord
as
to
the
11
suitability
for
theintended
use
of
the
Premises
Tenant
shall
construct
at
its
own
cost
T
p
W
12
and
expense
any
improvements
necessary
for
its
occupancy
and
intendeduse
of
the
r
3
Premises
collectively
the
Required
Improvements
The
location
and
natureof
the
Q
cto
Z
Q
14
Required
Improvements
shall
be
subject
to
the
approval
ofLandlord
Notwithstanding
Z
co
0
15
the
foregoing
Landlordshall
be
solelyresponsible
for
ensuring
that
i
hePremises
meet
ow
g
16
the
minimumrequirements
for
occupancy
and
ii
one
restroom
at
the
Premises
complies
0
O
J
17
withthe
Americans
with
Disabilities
Act
to
the
extentrequired
18
7
Maintenance
Obligations
Tenant
shallkeepthePremises
in
a
neat
19
safe
and
sanitary
condition
Landlord
shall
be
responsible
for
all
major
capitalrepairs
to
20
the
Building
Tenant
shall
be
responsible
for
any
andall
other
repairs
associatedwith
the
21
Premises
Landlord
shall
haveno
day
to
day
maintenance
obligations
with
respect
to
the
22Premises23
8
Utilities
Tenant
shall
be
responsiblefor
theprovision
of
all
utilities
to
24
thePremises
and
shall
be
responsible
for
the
payment
of
all
utility
expenses
25
9
Taxes
Landlord
shall
be
responsible
for
payment
ofallreal
property
26
taxes
and
Tenant
shall
be
responsible
forthe
payment
ofall
other
taxes
arising
from
its
27
use
and
occupancy
of
the
Premises
including
any
possessory
interest
taxes
28
2
RFA
bg
1000553
 
1
10
Insurance
2
A
During
the
entire
term
Tenant
shall
at
its
sole
cost
and
3
expense
procure
and
maintain
4
i
ommercial
generalliability
insurance
equivalent
in
5
coverage
scope
to
ISO
CG00
0110
93
in
an
amount
not
Tess
thanOne
6
Million
Dollars
1
0000
er
occurrence
and
TwoMillionDollars
7
2
0000
n
aggregatecovering
bodily
injury
and
propertydamage
8
liability
combined
arising
from
Tenant
s
bligationsunderor
in
connection
9
withthis
Lease
Such
insurance
shall
name
Landlord
and
anyotherparty
it
10
so
specifies
in
writing
to
Tenant
asan
additional
insured
onan
11
endorsementequivalent
in
coveragescope
to
ISO
CG2026
11
85
T
o
w
E
LL
12
ii
The
minimum
limits
of
policies
of
insurance
required
of
r
o
Q
0
13
Tenantunder
thisLeaseshall
in
no
event
limittheliability
of
Tenant
under
z
o
53
14
this
Lease
Such
insurance
shall
a
be
issued
byan
insurancecompany
I
I
a
15
having
a
rating
of
not
less
than
A
VIII
in
Best
s
nsurance
Guide
or
which
is
OLLiOCO
w
I
g
16
otherwise
acceptable
to
Tenant
and
Landlord
b
e
primary
insurance
as
LLw
o
0
M
17
to
all
claims
thereunder
and
providethatany
insurance
carried
by
Tenant
or
18
Landlord
is
excess
andisnon
contributing
withany
insurance
requirement
19
of
Tenant
c
rovidethat
said
insurance
shallnot
be
canceled
or
coverage
20
changed
unless
thirty
30
days
prior
written
notice
shall
havebeen
given
21
to
Landlord
and
any
mortgagee
or
ground
or
underlying
lessor
of
Landlord
22
and
d
contain
a
cross
liability
endorsement
or
severability
of
interest
23
clause
acceptable
toLandlord
Tenant
shall
deliver
said
policy
or
policies
24
or
certificates
thereof
toLandlord
on
or
beforetheeffectiveness
of
this
25
Lease
26
B
Notwithstanding
the
provisions
ofthis
Section
10
Tenant
and
27
Landlord
each
hereby
waive
any
andall
rights
of
recovery
againstthe
other
or
28
againstthe
officers
employees
agents
and
representatives
ofthe
other
forloss
3
RFA
bg
l
0
0553
L
pps
CtyLaw32
W
Docs
D017015
0291527
DOC

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