CCP 04-13-2010 - Laserfiche WebLink

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and operation of the Facilities. Tenant shall have the right, at its sole expense, to access the Premises except to the extent such access interferes with the City's use of the Property or operation of the adjoining municipal water system and tower. 2. Term and Renewal. The term of this Agreement shall be five (5) years commencing on May 1, 2010 ("Commencement Date") and terminating on April 30, 2015, unless otherwise terminated in accordance with this Agreement. This Agreement may be extended for up to three (3) additional five (5) year terms. Unless Tenant is in default, the Agreement shall be deemed to have been extended for an additional term unless Tenant provides written notice to the City of its intention not to extend at least thirty (30) days prior to the termination of the current term. Unless otherwise specified, all terms of this Agreement remain in effect during any renewal term. 3. Rent. Within 15 days of the Commencement Date and on the first day of each month thereafter, Tenant shall pay to the City rent totaling $400.00 per month ("Rent'). The Rent shall be increased on the first day of January, 2011 and upon each anniversary thereafter by an amount equal to the increase in the Consumer Price Index ("CPI"), or four percent (40/o), whichever is greater. The CPI shall mean the "Consumer Price Index — for All Urban Consumers, All Cities, All items (1984 = 100)" as published by the United States Department of Labor Statistics, or if such index shall be discontinued, the successor index thereto, or if there shall be no successor index, such comparable index as shall be mutually agreed upon by the parties hereto. To determine the annual rental increase to be paid by Tenant, the rental for the previous year shall be multiplied by a percentage figure, computed from a fraction, the numerator of which shall be the CPI for the most recent quarter, and the denominator of which shall be the CPI for the corresponding quarter of one year earlier, such fraction shall be converted to a percentage equivalent. The resulting 365493v1 CLL NE 136-24 2,