Common use of Capital Repairs and Improvements Clause in Contracts

Capital Repairs and Improvements. (i) LESSOR shall be responsible for all capital repairs and improvements to the Leased Premises during the term of the Lease, after the initial capital investment to the Leased Premises by Lessee under the Grant. Such capital repairs and improvements shall be determined in LESSOR’S reasonable discretion. (A) ALTERATIONS: LESSEE shall be receiving approximately $87,000.00 under the Grant to renovate the Substation building into a police substation and may make structural alterations and changes provided LESSOR consents thereto. All such initial allowed alterations shall be at LESSEE'S expense and shall conform to LESSEE’S specifications and LESSOR’S approval in writing. LESSEE shall not permit any mechanics' liens, or similar liens, to remain upon the Leased Premises in connection with work of any character performed or claimed to have been performed at the direction of LESSEE and shall cause any such lien to be released or removed without cost to LESSOR. Any alterations or improvements shall become part of the real estate of the Leased Premises and the property of LESSOR. Any alterations completed by LESSEE shall be done in conformance with all applicable codes and regulations.

Capital Repairs and Improvements. (i) LESSOR shall be responsible for all capital repairs and improvements to the Leased Premises during the term of the Lease, after the initial capital investment to the Leased Premises by Lessee under the Grant. Such capital repairs and improvements shall be determined in LESSOR’S reasonable discretion. (A) ALTERATIONS: LESSEE shall be receiving approximately seventy thousand dollars ($87,000.00 70,000) under the Grant to renovate the Substation building into a police substation and may make structural alterations and changes provided LESSOR consents thereto. All such initial allowed alterations shall be at LESSEE'S expense and shall conform to LESSEE’S specifications and LESSOR▇▇▇▇▇▇’S approval in writing. LESSEE ▇▇▇▇▇▇ shall not permit any mechanics' liens, or similar liens, to remain upon the Leased Premises in connection with work of any character performed or claimed to have been performed at the direction of LESSEE and shall cause any such lien to be released or removed without cost to LESSOR. Any alterations or improvements shall become part of the real estate of the Leased Premises and the property of LESSOR. Any alterations completed by LESSEE shall be done in conformance with all applicable codes and regulations.