Common Area Maintenance Reimbursement. In consideration of the grant of the easements herein granted to use the Mall Property and as reimbursement of the expenses that Redeveloper will incur, during any annual period in which the Transit Premises are occupied by the Public Transit Improvements, to maintain and repair its property and improvements attributable to City’s use of the Mall Property and routes as described herein, City shall pay to Redeveloper an amount (the “CAM Reimbursement”) to be agreed upon by the Redeveloper and the City.
Common Area Maintenance Reimbursement. The Association will be supported by the property owner(s) and City through a contribution formula based upon the gross building area on each owner’s property from time to time. Those Association costs incurred with respect to “standard” common area amenities (e.g. parking, sidewalks, stormwater detention, Association-sponsored events) will be paid pro rata by all property owners. City will pay 100% of all costs incurred with respect to amenities on City Parcels (e.g. City Hall, trails, and trailhead) as agreed upon by the parties in connection with the Development Agreement. The cost-sharing arrangement between the Association and City for the Plaza and other public/private portions of the Town Center Property will be agreed upon by City and Developer in connection with the Development Agreement.
Common Area Maintenance Reimbursement. County agrees to reimburse Lessor for County’s share of the actual costs incurred by Lessor for insuring the Shopping Center, in lighting the common areas, in keeping same striped, clean, and cleared of all debris, including snow and ice, and in maintaining the common area in good repair, excluding, however, the costs of any capitalized improvements or additions to the common area. County shall so reimburse Lessor after receipt of satisfactory evidence of said costs and the amount due from County, on a monthly basis concurrently with Rent. County’s share (“Proportionate Share”) shall be a fraction of said costs, the numerator of which fraction shall be 3,000 square feet, which is the area of the leased Premises, and the denominator of which fraction shall be as follows: (i) for common area maintenance charges, 197,688 square feet, (ii) for liability insurance, 140,548 square feet, and (iii) property insurance, 113,264 square feet. County’s Proportionate Share may change from time to time as the leasable square footage and/or configuration of the Shopping Center is changed. County acknowledges that it is responsible for the payment of its Proportionate Share of costs incurred by Lessor for property insurance premiums, as provided above. County and Lessor acknowledge that Lessor has failed to xxxx County, and County has not paid, its Proportionate Share of property insurance costs in prior years. Lessor hereby waives any claim Lessor may have to collect County’s Proportionate Share of property insurance for any prior years of the Term through and including calendar year 2013. Effective January 1, 2014 and thereafter throughout the remainder of the Term of this Lease (as hereby extended), County shall be responsible for payment of its Proportionate Share of property insurance costs. County’s Proportionate Share of property insurance for calendar year 2014, which have not been paid by County, will be billed to County by Lessor in conjunction with Lessor’s annual reconciliation of common area costs during the first quarter of 2015, and County shall pay any amounts due to Lessor based on such reconciliation, including County’s Proportionate Share of property insurance costs for 2014, within thirty (30) days of receipt of a billing therefor.
