Laserfiche WebLink
LESSEE__________ 8 LESSOR__________ <br /> <br />lease, may, after giving notice to the Airport Director of his/her desire to sell, hire <br />and pay for the services of an appraiser of mutual acceptance. The appraiser shall <br />determine the remaining useful life of the improvement, and the County may, if <br />the potential new lease and tenant appear to be in the County’s best interest, lease <br />the premises (land) to this new Lessee (improvement purchaser) for fifty (50%) <br />percent of the remaining useful life of the improvement. This provision is <br />additional to the tenant’s ability to simply sell the improvement and assign or <br />sublet the lease for the remainder of the lease term. <br /> <br />6.4.2 Lessee’s first right to release: <br />In the event the county elects to release, tenant has first right to lease the <br />property and improvements. For expiring leases with no options to extend the <br />tenant should have the first right to relet the property and improvements under a <br />new lease at the then current rent, terms, and conditions. <br /> <br />6.4.3 Removal of Improvements: <br /> <br />Should LESSOR desire the removal of LESSEE’s improvements upon the date of <br />LEASE termination, LESSOR shall give LESSEE written notice to remove all <br />improvements and return the premises to its state as before the LEASE at least <br />thirty (30) days prior to the termination date for the LEASE. Upon removal, the <br />premises shall be left in a neat and orderly condition, without debris and shall be <br />graded level. <br /> <br />6.4.4 Failure to Remove Improvements as requested: <br /> <br />Should the premises not be left in such condition, after LESSEE received such <br />notice, LESSOR may remove improvements and repair the premises and seek <br />reimbursement from LESSEE in any manner allowed by law. <br /> <br />6.4.5 Intergovernmental and Public Purpose Lease Improvements: <br /> <br />Where Lessee is a governmental entity that would otherwise qualify for an <br />Intergovernmental Transaction under KCC 2.81.090(2), or a bona fide non-profit <br />organization that would otherwise qualify for a Public Purpose Lease under KCC <br />2.81.090(9), and that Lessee, after termination of the initial lease term (and <br />applicable extensions), during which time improvements were made to the <br />Lessor’s real estate, enters into a second lease term, the improvements will remain <br />property of such a Lessee for the initial ten (10) years of that second lease term, <br />after which they will revert to the Lessor and the Lessee shall also enter into a <br />building lease with the Lessor for the remainder of the term for the underlying <br />second ground lease term. <br /> <br />6.4.6 Surrender of Premises <br />