HomeMy WebLinkAboutResolutions - 1979.05.03 - 12432May 3, 1979
Miscellaneous Resolution
BY: PLANNING AND BUILDING COMMITTEE - Richard R. Wilcox, Chairperson
IN RE: COMMUNITY NATIONAL BANK - LEASE RENEWAL AGREEMENT
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS by Miscellaneous Resolution 6658 adopted on May 2, 1974, the County
of Oakland leased to the Community National Bank, a National Banking Corporation of
Pontiac, 700 square feet of office space in the Oakland County Courthouse for
five (5) years with the right to renew; and
WHEREAS the Community National Bank has requested a renewal of the lease
for an additional five (5) years at the rate of $9.75 per square foot per year; and
WHEREAS your Committee has reviewed the terms of the lease renewal agreement
and recommends that the County of Oakland enters into the lease with the Community
National Bank of Pontiac, a copy of which is attached hereto.
NOW THEREFORE BE IT RESOLVED that the Chairperson of the Oakland County
Board of Commissioners is hereby authorized to execute the lease renewal agreement
with the Community National Bank, a National Banking Corporation of Pontiac. Said
lease to be for a term of five (5) years for 700 square feet on the ground floor
of the Oakland County Courthouse at the rate of $9.75 per square foot per year.
The Planning and Building Committee by Richard R. Wilcox, Chairperson,
moves the adoption of the foregoing resolution.
PLANNING AND BUILDING COMMITTEE
4J,xl.e44 IR (A)
Richard R. Wilcox, Chairperson
8961
ING RESOLUTIOt,i
Delo
t
LEASE RENEWAL AGREEMENT
THIS LEASE RENEWAL AGREEMENT, entered into this 2nd day of
, A.D., 1979, between the COUNTY OF OAKLAND, a Michigan
Constitutional Corporation, 1.200 North Telegraph Road, Pontiac, Michigan, 48053,
hereinafter referred to as Lessor, and the COMMUNITY NATIONAL BANK, a National
Banking Association, of Pontiac, Michigan, hereinafter referred to as LESSEE;
WITNESSETH:
LESSOR, for and in consideration of the agreements of Lessee herein-
4 after mentioned, hereby leases to Lessee and Lessee hereby leases from Lessor,
the premises located in the Court Tower of the Oakland County Service Center,
City of Pontiac, County of Oakland, State of Michigan,
Seven Hundred Square Feet (700)
for a term of five (5) years commencing on the day and date first above written,
unless sooner terminated as hereinafter provided.
LESSEE, in consideration of said leasing, agrees:
1. To pay as rent for the premises the sum of SIX THOUSAND EIGHT
HUNDRED AND TWENTY FIVE and 00/100 ($6,825.00) DOLLARS per year, payable in
twelve equal installments at the rate of FIVE HUNDRED SIXTY EIGHT and 75/100
($568.75) DOLLARS per month on the 1st day of each and every month during the
term of this Lease, at 1200 North Telegraph Road, Pontiac, Michigan.
2. To pay all reasonable costs, attorney fees and expenses that shall
be made and incurred by the Lessor in enforcing the agreements of this Lease.
3. To use and occupy the premises for the purpose of operating a
Branch Bank only, and for no other object or purpose without written consent of
the Lessor.
4. Not to assign this Lease nor sublet the premises or any portion
thereof without the consent of the Lessor.
5. At the expiration of this Lease, to give peaceable possession of
premises to the Lessor in as good condition as they now are, the usual wear
expected.
May
^ 1
46t2 ,3C—Gladner
nna M. Devers
COUNTY OF OAKLAND, a Michigan Co
tionat4orporation
stitu-
., Chairperson sio0)3/ Wallace F. Ga
pf Commissioner ty Board of Commissioner Oakland
• •
6. This Lease may be terminated by the Lessor in the event of the
breach of any of the agreements of Lessee herein contained, in which case the
Lessor may re-enter on the premises thereon, and this Lease shall thereupon
terminate.
7. Lessor shall not be liable for any damage to person or property
occurring or arising on the premises from any cause whatsoever.
8. Lessee agrees to provide telephone service at its own expense.
9. Lessee shall have the right to renew or extend this Lease for
one (1) additional term of five (5) years after the Lease term at a rental rate
to be agreed upon or determined on the basis of then current rates, provided
Lessee gives written notice to Lessor of intention to exercise such right at
least sixty (60) days before the end of a Lease term provided for herein.
LESSOR, in consideration of the agreements set forth above, agrees
as follows:
1. Lessee shall have the full and complete use and occupancy of the
premises.
2. All fixtures and appurtenances erected on or attached to the
premises may be removed by Lessee at the termin4tion of this Lease.
3. Lessor agrees to provide heat, lighting and custodial standards
in effect in the Court House Tower.
Each party hereby waives any right of action that it may acquire against
the other for loss or damage to its property or to property in which it may have
an interest, where such loss is caused by fire or any of the extended coverage
hazards and arises out of or is connected with the leasing of premises located in
the Court House Tower of the Oakland County Service Center, Pontiac, Michigan.
IN WITNESS WHEREOF, the parties hereto have set their hands and seals
the day and year first above written.
Dar
COMMUNITY NATIONAL BANK of Pontiac,
Mickigawla National Banking Association
74\Z A
Donaldson, Vice President
Joinne Green
rinhart N Paytnn Acc4e-1.4
STATE OF MICHIGAN)
) ss
COUNTY OF OAKLAND)
On this 7th day of May , A.D., 1979, before me, a
Notary Public in and for said County, personally appeared Wallace F. Gabler,
Jr., known, who, being by me duly sworn did say that he is the Chairperson
of the Oakland County Board of Commissioners, the Corporation named in and
which executed the within Lease, and that said Lease was signed on behalf
of said corporation by authority of its Board of Commissioners by Miscellaneous
Resolution No. 8961 , dated May 3 , 1979, and the said Wallace
F. Gabler, Jr., acknowledged said Lease to be the free act and deed of said
Corporation.
My Commission expires: 9/15/80
Notary Public, Bernadine Tw
Oakland County, Michigan
Wachal)
STATE OF MICHIGAN)
) ss
COUNTY OF OAKLAND)
On this /Weltif day of Ayfeic , A.D., 1979, before me, a
Notary Public, in and for said County, personally appeared Daryl L. Donaldson
and Robert N. Payton, known, who, being by me duly sworn did say that they are
respectively the Vice President and Assistant Cashier of Community National Bank
of Pontiac, and the within Lease was signed on behalf of said Community National
Bank of Pontiac by authority of its Board of Directors, and that said Daryl L.
Donaldson and Robert N. Payton acknowledged said Lease to be the free act and
deed of said Community National Bank of Pontiac.
NCERTJ.GLADNER
NoiaryPuLkc,0AndCounty,Mid-dgan
My Coodlian Expires My 15, 1980
My Commission expires: Ai ALAMO,
cre ry
Oakland Celhty, Michigan
-3-
#8961 May 3, 1979
Moved by Wilcox supported by Aaron the resolution be adopted.
AYES: McDonald, Moffitt, Montante, Moore, Moxley, Murphy, Page,
Patterson, Perinoff, Pernick, Peterson, Price, Roth, Wilcox, Doyon,
Fortino, Gabler, Gorsline, Hobart, Hoot, Kasper, Kelly, McConnell. (23)
NAYS: Aaron. (1)
A sufficient majority having voted therefor, the resolution was adopted.
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
I, Lynn D. Allen, Clerk of the County of Oakland and
having a seal, do hereby certify that I have compared the annexed copy of
Miscellaneous Resolution #8961 adopted by the Oakland County Board of
Commissioners at their meeting held on May 3, 1979
with the original record thereof now remaining in my
office, and that it is a true and correct transcript
therefrom, and of the whole thereof.
In Testimony Whereof, I have hereunto set my hand and
affixed the seal of said County at Pontiac, Michigan
this 3rd day of May 19 ??.
Lynn D. Allen Clerk
By Deputy Clerk