Regular Maintenance. City is responsible for all regular maintenance of the Parking Area. For purposes of this section, regular maintenance of the Parking Area means all regular maintenance required to keep the Parking Area in good condition and repair, including minor repairs and the maintenance of any landscaped areas. VCTC agrees to pay one half of the costs associated with such regular maintenance, which will include the cost of the City employees or contractors performing such maintenance as well as the reasonable costs of any equipment or supplies needed to perform the work. City will invoice VCTC on a bi-annual basis for its share of such maintenance costs, which invoice must be paid within 30 days of receipt by VCTC. The parties acknowledge that the City’s current annual cost to maintain the Parking Area is approximately $ , and agree that such amount is a reasonable cost based on the existing use of the Parking Area. The parties further acknowledge and agree that the cost estimate in the previous sentence is for the sole purpose of establishing a reasonable cost baseline, and is not intended to place a cap on VCTC’s obligation to share in the regular maintenance costs of the Parking Area. If parties ever disagree about the level and quality of maintenance that City is providing, the parties will meet and confer in a good faith effort to resolve the differences between the expected level of maintenance and the provided level of maintenance.
Appears in 2 contracts
Sources: Easement Agreement, Easement Agreement