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HomeMy WebLinkAboutRes 32-07 07/17/2007 RESOLUTION NO. 32-07 A RESOLUTION AUTHORIZING THE EXECUTION OF A LEASE AGREEMENT BETWEEN THE VILLAGE OF MOUNT PROSPECT AND CAPANNARI, INC. (CAPANNARIICE CREAM) 10 SOUTH PINE STREET WHEREAS, the Village of Mount Prospect is the owner of property at 10 South Pine Street; and WHEREAS, the Village of Mount Prospect is desirous of entering into a Lease Agreement with Capannari, Inc. (Capannari Ice Cream) in the former Downtown General Store located at 10 South Pine Street; and WHEREAS, such agreement will provide for the operation of a retail food establishment in the referenced General Store that will benefit the citizens of Mount Prospect; and NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS: SECTION ONE: That the Mayor and Board of Trustees of the Village of Mount Prospect do hereby authorize execution of a Lease Agreement between Capannari Inc.,(Capannari Ice Cream) and the Village of Mount Prospect for the purpose of permitting an ice cream parlor to be located within the structure at 10 South Pine Street in Mount Prospect, and said Lease shall be for a period of five (5) years, with a subsequent five (5) year option if mutually agreed by both parties, as set forth in the Lease, a copy of which is attached hereto and hereby made a part hereof as Exhibit "A." SECTION TWO: This Resolution shall be in full force and effect from and after its passage and approval in the manner provided by law. AYES: Corcoran, Hoefert, Juracek, Korn, Lohrstorfer, Zadel NAYS: None ABSENT: None PASSED and APPROVED this 1 yth day of July, 2007 ~i:#I~ Irvana K. Wilks Mayor ATTEST: ~~ .' , . " ~. M. Lisa Angell " . Village Clerk H:\CLKO\files\WIN\RES\Lease agrml,ice cream parlorjune2007.doc LEASE AGREEMENT DOWNTOWN GENERAL STORE - RETAIL SPACE This Lease Agreement (the "Lease") is dated as of the _day of , 2007 (the "Effective Date") and is made by and the VILLAGE OF MOUNT PROSPECT, an Illinois municipal corporation whose principal place of business is located at 50' South Emerson Street, Mount Prospect, Illinois (the "Landlord") and CAPANNARI, INC, an Illinois corporation whose principal place of business is located at (the "Tenanf). landlord and Tenant are together, the "Parties". WITNESSETH. WHEREAS, Landlord and Tenant have entered into a Lease dated March 3, 2001 for the leasing of the building located at 1 0 South Pine Street, Mount Prospect, Illinois (the "Current Lease"). The term of the Current lease was for five (5) years with 1-5 year option to renewal; and ' WHEREAS, landlord and Tenant desire to enter into a new lease for the leased premises leased under the Current lease under new terms and conditions, including rental; and NOW, THEREFORE, in consideration of the Current lease, the parties hereto agree as follows: 1) CURRENT LEASE. Upon the execution of this lease, the Parties obligations under the Current lease shall merge into this lease and thereafter the Current lease shall be of no further force and effect. 2) LEASED PREMISES. In consideration of the rentals reserved herein and the agreements made herein by the Parties hereto, landlord hereby leases to Tenant and Tenant hereby leases from landlord approximately nine hundred (900) square feet of space in the building, commonly known as the "Downtown General Store" located at 10 South Pine Street, Mount Prospect, Illinois, together with the outside dining area and the parking area appurtenant to the building for the Term and upon the terms, covenants, and conditions set forth herein. The building, outside dining area and parking area appurtenant to the building collectively, the "Leased Premises". 3) USE OF THE LEASED PREMISES. Tenant shall use the leased Premises for retail sales of ice cream and ice cream related products to the general public benefiting the citizens of the Village of Mount Prospect (the "Use"). 4) TERM. The term of this lease shall be for five (5) years (the "Term"). The Term shall commence on May 1, 2007 (the "Commencement Date") and shall terminate on April 30, 2012, 5-years from the Commencement Date (the "Expiration Date"). iManage: 193723_1 5) RENEWAL OPTION. Provided the Tenant is not in default hereunder, landlord grants to Tenant one (1) five year (5-year) renewal option to extend the Term (the "Renewal Option"). The Renewal Option shall be exercisable on written notice by Tenant to landlord no later than ninety (90) days prior to the Expiration Date ("Renewal Notice"). During the Renewal Option, all provisions of this lease will be effective, and references to Term will incorporate the Renewal Option. 6) RENT. (A) Tenant shall pay as rental for the leased Premises the sum of ONE THOUSAND THREE HUNDRED FIFTY DOLLARS ($1,350.00) per month (or a proportionate share thereof for any partial month) for the first year of the Term, payable in advance on the first day of each month of the Term (the foregoing, the "Base Rent"). The first payment of accrued Base Rent shall be due on September 1, 2007. Rental payments shall be forwarded to the attention of the Finance Director, Village of Mount Prospect, 50 South Emerson Street, Mount Prospect, Illinois 60056. (B) Commencing on the second and each successive lease year of the Term, the Base Rent shall be increased by an amount which is determined by multiplying the Base Rent of the just prior lease year (the "Evaluation Year") by a fraction, the denominator of which is the most recently available CPI (hereafter defined) nearest to the Commencement Date, and the numerator of which is the equivalent monthly CPI occurring just prior to January 1 st of an Evaluation Year. (For example, if the most recently available CPI nearest to the Commencement Date is 314.5 and the equivalent monthly CPI occurring just prior to the Evaluation Date is 326.8, then the Base Rent would be multiplied by the fraction 326.8/314.5). "CPI" shall mean Consumer Price Index for all Urban Consumers, U.S. City Average, all items (1982-84=100), not seasonally adjusted, published and issued by the Bureau of labor Statistics of the United States Department of labor or any other index which replaces current CPl. In no event shall the annual rent increase by more than 5% in anyone year. (C) No payment of rent to or received by landlord of a lesser amount than the amount required to be paid hereunder shall be deemed to be other than on account of the earliest amount of such obligation then due hereunder. No endorsement or statement on any check or other communication accompanying a check for payment of any amount payable hereunder shall be deemed an accord and satisfaction, and landlord may accept such check and payment without prejudice to landlord's right to recover the balance of any sums owed by Tenant hereunder. (D) In the event any sums required hereunder to be paid are not received by landlord on or before the fifteenth (15th) business day after the date such sum was due, Tenant shall pay, a sum equal to five percent (5%) of the overdue amount. In addition, any amount due hereunder shall bear interest from the date due until paid at a rate equal to twelve percent (12%) per annum. The foregoing shall be deemed additional rent. iManage: 193723_1 7) ADDITIONAL CHARGES. Tenant shall pay all water and sewer charges, telephone, gas and electric light and power bills, garbage collection fees and insurance premiums during the Term hereof. Tenant shall make timely payment of all fees and taxes due and owed to the Village of Mount Prospect, including but not limited to, water and sewer charges, food and beverage taxes, sales taxes and business license fees. Tenant's failure to pay such fees and charges within thirty (30) days of their respective due dates shall constitute a default hereunder. 8) TENANT'S HOURS OF OPERATION. Tenant will maintain the following hours of operation: Monday through Friday Saturday Sunday 9:00 AM 9:00 AM 11:00 AM to to to 11:00 PM 11:00 PM 10:00 PM The above hours may be modified by Tenant only with the prior written consent of the landlord, which consent shall not be unreasonably withheld. 9) STANDARDS OF SERVICE. Tenant will carry out and perform all operations and services in a professional manner and in keeping with high standards for customer service and cleanliness. Tenant will be in default if in the event, in the landlord's reasonable judgment, Tenant is not meeting the foregoing standards and Tenant has not cured such default within ten (10) days of Tenant's receipt of written notice from landlord. 10) LICENSE AND PERMITS. Tenant will obtain all licenses and permits necessary and required to conduct its business required under the terms of this lease and will conduct its business in compliance with all landlord regulations. 11) LEASED PREMISES MAINTENANCE. (A) Unless otherwise provided in this Paragraph, Tenant, at its sole cost and expense, shall keep the leased Premises, appurtenances thereto, and the areas to which Tenant has direct access in a clean, sightly and healthy condition, and in good repair, all according to the statutes and ordinances in such cases made and provided, and the directions of public officers thereunto duly authorized, all at its own expense, and shall yield the same back to landlord upon the termination of this lease, whether such termination shall occur by expiration of the term, or in any other manner whatsoever, in the same condition of cleanliness, repair and sightliness prior to Tenant's installation of furniture, fixtures and equipment and reasonable wear and tear excepted. (B) Tenant agrees to provide all custodial services, daily cleanup, and maintenance of the interior of the Premises and the outdoor dining area, such as sweeping, floor and window washing, debris cleanup, and general cleaning of storage space and toilet areas, and shall provide all labor, supervision, insurance, equipment and cleaning materials necessary to provide general cleaning and maintenance. Tenant will be responsible, at its sole cost and expense, for any changes, repairs or iManage: 193723_1 upgrades of structural, utility (including mechanical, electrical and HVAC systems) and plumbing systems that are necessitated, advisable, desired for, or related to the operation of the Tenant's use hereunder, said changes, repairs or upgrades being subject to the written prior approval of the landlord. Further, Tenant shall make all necessary repairs and renewals upon Premises and replace broken globes, glass and fixtures with material of the same size and quality as that broken and shall insure all glass in windows and doors of the Premises at its own expense. (C) landlord's obligations shall include maintaining the grounds around the Premises, other than the outside eating area, to include the parking areas, sidewalks, landscaping and drainage systems on the Premises, said maintenance to' include lawn mowing and snow plowing of parking areas. landlord shall, at its sole cost and expense, maintain and make all necessary repairs and/or replacements for the upkeep of the roof, roof membrane and roof systems (gutters, downspouts and the like), foundation, exterior walls, interior structural walls, all structural components, and all utility systems (including mechanical, electrical and HVAC systems) and plumbing systems, to the extent necessary to comply with building codes, but such obligation shall not include making any repair or improvement for the purpose of benefiting Tenant's business operations, or necessitated or caused by the negligence or willful misconduct of Tenant, its officers, agents and assigns. (0) If Tenant fails to perform Tenant's obligations under this Section, landlord may, but shall not be required to, enter upon the Premises, after thirty (30) days prior written notice to Tenant, and put the same in good order, condition and repair, and the reasonable costs thereof shall become due and payable as additional rent to landlord together with Tenant's next Base Rent installment falling due after Tenant's receipt of an invoice for such costs. In such case, landlord may enter the same, himself or by his agents, servants or employees, without such entering causing or constituting a termination of this lease or an interference with the possession of the Premises by Tenant. This reimbursement obligation of Tenant shall survive the termination or expiration of this lease. 12) ACCESS TO PREMISES. Tenant shall have the right to access to such portions of the General Store outside the Premises as are necessary to enable Tenant to exercise its rights under this lease. 13) LANDLORD' RIGHTS. landlord shall have the following rights, exercisable without notice and without liability to Tenant for damage or injury to property, person or business and without effecting an eviction or disturbance of Tenant's use or possession or giving rise to any claims for setoffs or abatement of rent, except as set forth herein: to establish or change the name, designation or street address of the Premises; to install and maintain signs on any part of the Premises or outside the Premises; to enter the Premises in an emergency, using such force as is reasonably necessary; to make such inspections and required repairs of the Premises as are reasonably necessary; and to make repairs, additions or alterations to the Premises; to do or permit to be done any work on or about the exterior of the Premises. landlord and iManage:193723_1 landlord's agents shall have the right to enter the Premises upon twenty-four (24) hours prior written notice for the purpose of showing the same to prospective purchasers or lenders. 14) CONDITION ON POSSESSION. Tenant has been in possession of the Premises under the Current lease and knows the condition of the Premises and has received the same in good order and repair, and acknowledges that no representations as to the condition and repair thereof, and no agreements or promises to decorate, alter, repair or improve the Premises, have been made by landlord or his agent prior to or at the execution of this lease that are not herein expressed. Tenant shall obtain any necessary permits prior to possession of the property from landlord. The fire department and building department will be responsible for determining the maximum number of persons the facility can occupy and this number shall be posted and received prior to any occupancy permit being issued. 15) COMPLIANCE WITH LAWS. Tenant shall comply with all federal, state, county and municipal laws and ordinances, including the following: a.) the Americans with Disabilities Act; and b.) the provisions of the EQUAL EMPLOYMENT OPPORTUNITY CLAUSE required by the Illinois Department of Human Rights as a material term of all public contracts, which states as follows: SEE EXHIBIT A, ATTACHED HERETO AND MADE A PART HEREOF. 16) INDEMNIFICATION. Tenant agrees to indemnify and hold harmless the Landlord, its officers, agents and employees from any and all liability, losses or damages including attorney's fees and costs of defense the landlord may suffer in any way resulting from or arising out of the operation of the Tenant's use or the activities of Tenant, its employees, agents and assigns under the lease, except as a result of the sole negligence of the landlord, its officers, agents or employees, and Tenant will, at its own expense, appear, defend and pay all fees of attorneys and all costs and other expenses arising therefrom or incurred in connection therewith; and if any judgments will be rendered against the landlord, its officers, agents or employees in any such action, Tenant will, at its own expense, satisfy and discharge the same except that Tenant will not defend, indemnify and/or save harmless the landlord, its officers, agents or employees, from and against the landlord's sole negligence or that of its officers, agents or employees. This indemnity shall survive termination of this lease only as to claims arising out of events that occur prior to termination of this lease. 17) INSURANCE. Tenant agrees to obtain at is own cost and expense, and to keep in full force and effect during the term of this lease, and any extensions, general liability insurance in the amount of $1,000,000 single claim and $3,000,000 aggregate from an insurance carrier having at least an "A" rating as defined in A.M. BEST'S Key Rating Guide. Upon the execution of this lease, the Tenant will provide the landlord with a copy of the certificate and premium bill evidencing Tenant's insurance and naming the iManage: 193723_1 landlord as an additional insured. Such insurance is primary and in no event will be considered contributory to any insurance purchased by the landlord. Additionally, Tenant will provide the landlord with a letter from the insurance carrier that the landlord will be notified within ninety (90) days of the pending cancellation of any policy relating to this Lease. 18) TENANT NOT TO MISUSE. Tenant will not permit any unlawful or immoral practice, with or without his knowledge or consent, to be committed or carried on in the Premises by himself or by any other person. Tenant will not allow the Premises to be used for any purpose that will increase the rate of insurance thereon, nor for any purpose other than that herein specified. Tenant will not keep or use or permit to be kept or used in or on the Premises or any place contiguous thereto any hazardous materials (as defined in all federal, state and local environmental laws, rules and regulations), flammable fluids or explosives, without the written permission of landlord first had and obtained. Tenant will not load floors beyond the floor load rating prescribed by applicable municipal ordinances. Tenant will not use or allow the use of the Premises for any purpose whatsoever that will injure the reputation of the Premises or any part thereof. Tenant shall not cause or permit any waste, misuse or neglect of the water, or of the water, gas or electric fixtures. 19) NON-LIABILITY OF LANDLORD. Except as provided by Illinois statute, landlord shall not be liable to Tenant for any damage or injury to him or his property occasioned by the failure of landlord to keep the Premises in repair, and shall not be liable for any injury done or occasioned by snow, wind, excessive heat or cold, broken glass, sprinkling, heating, ventilating or air conditioning systems, devices or equipment, flooding, or by or from any defect of plumbing, electric wiring or of insulation thereof, gas pipes, water pipes or steam pipes, or from broken stairs, porches, railings or walks, or from the backing up of any sewer pipe or down-spout, or from the bursting, leaking or running of any tank, tub, washstand, water closet or waste pipe, drain, or any other pipe or tank in, upon or about the Premises or any part thereof, nor from the escape of steam or hot water from any radiator, it being agreed that said radiators are under the control of Tenant, nor for any such damage or injury occasioned by water, snow or ice being upon or coming through the roof, skylight, trap-door, stairs, walks or any other place upon or near the Premises, or otherwise, nor for any such damage or injury done or occasioned by the falling of any fixture, plaster or stucco, all claims for any such damage or injury being hereby expressly waived by Tenant. 20) HEAT. landlord does not warrant that the heating service will be free from interruptions caused by strike, accident or other cause beyond the reasonable control of landlord, or by renewal or repair of the heating apparatus in the Premises. Any such interruption shall not be deemed an eviction or disturbance of Tenant's use and possession of Premises, nor render landlord liable to Tenant in damages. All claims against landlord for injury or damage arising from failure to furnish heat are hereby expressly waived by Tenant. iManage:193723_1 21) FIRE AND CASUAL TV. In case the Premises shall be rendered untenantable by fire, explosion or other casualty, landlord may, at its option, terminate this Lease or repair the Premises within one hundred and eighty (180) days. If landlord does not repair the Premises within said time, or the building containing the Premises shall have been wholly destroyed, the term hereby created shall cease and terminate. 22) PROPERTY TAXES. (A) Definition of "Real Property Taxes." For purposes of this lease, the phrase "Real Property Taxes" shall include general real estate taxes and assessments payable with respect to the Property which are imposed by any authority having the power to tax any legal or equitable interest of landlord or Tenant in or on the Premises, specifically including any tax on the leasehold interest created under this lease; provided, however, that assessments shall be prorated and divided into the maximum number of installments permitted by law and only the current portion shall be included in Real Property Taxes for any lease Year. Notwithstanding the foregoing, Real Property Taxes shall not include (i) any inheritance, estate, succession, transfer, gift, franchise, or capital stock tax; (ii) any income taxes arising out of or related to ownership and operation of income-producing real estate; (iii) any excise taxes imposed upon landlord based upon gross or net rentals or other income received by it; or (iv) assessments Iiened against the Property prior to the Commencement Date. (B) Payment of Real Property Taxes. For each lease Year, landlord shall pay the Real Property Taxes as such taxes become due and payable during the Term (as defined in Section 4), prorated for the first and last years of the Term. 23) REMOVAL OF LIENS. In the event any lien upon landlord's title results from any act or neglect of Tenant, and Tenant fails to remove said lien within ten (10) days after landlord's notice to do so, landlord may remove the lien by paying the full amount thereof or otherwise and without any investigation or contest of the validity thereof, and Tenant shall pay landlord upon request the amount paid out by landlord in such behalf, including landlord's costs, expenses and attorneys fees. 24) LANDLORD'S REMEDIES. (A) Tenant's Close of Operations. If Tenant intends to close its operation, for any reason, except for a temporary closing for an emergency as set forth in this Section, it must notify the landlord in writing one hundred and twenty (120) days prior to shutting down. If Tenant must cease operation as a result of an emergency, it must notify the landlord as soon as possible of the reason and the anticipated duration. The landlord may terminate the lease immediately if Tenant closes for seven (7) days, subject to exception due to force majeure, casualty, condemnation and remodeling, and fails to reopen within twenty (20) days after receiving written notice from the landlord. Tenant's right to the possession of the Premises thereupon shall terminate with or (to the extent permitted by law) without any notice or demand whatsoever, and the mere retention of possession thereafter by Tenant shall constitute a forcible detainer of the iManage:193723_1 Premises; and if the landlord so elects, but not otherwise, and with or without notice of such election or any notice or demand whatsoever, this lease shall thereupon terminate, and upon the termination of Tenant's right of possession, as aforesaid, whether this lease be terminated or not, Tenant agrees to surrender possession of the Premises immediately, without the receipt of any demand for rent, notice to quit or demand for possession of the Premises whatsoever, and hereby grants to landlord full and free license to enter into and upon the Premises or any part thereof, to take possession thereof with or (to the extent permitted by law) without process of law, and to expel and to remove Tenant or any other person who may be occupying the Premises or any part thereof, and landlord may use such force in and about expelling and removing Tenant and other persons as may reasonably be necessary, and landlord may re-possess himself of the Premises as its former estate, but such entry of the Premises shall not constitute a trespass or forcible entry or detainer, nor shall it cause a forfeiture of rents due by virtue thereof, nor a waiver of any covenant, agreement or promise in this lease contained, to be performed by Tenant. Tenant hereby waives all notice of any election made by landlord hereunder, demand for rent, notice to quit, demand for possession, and any and all notices and demand whatsoever, of any and every nature, which mayor shall be required by any statute of this state relating to forcible entry and detainer, or to landlord and tenant, or any other statute, or by the common law, during the term of this lease or any extension thereof. (B) Tenant's Defaults. The occurrence of anyone or more of the following events shall constitute a default and breach of this lease by Tenant: i. Tenant shall be in default if, after receiving written notice from landlord, Tenant fails to: (i) pay, within fifteen (15) days after receipt of written notice, any rent or other monetary payment which is past due pursuant to the terms of this lease; or (ii) cure, within thirty (30) days after receipt of written notice, any breach of any other covenant, conditions, provision or obligation to be performed by Tenant pursuant to the terms of this lease; provided, if such non- monetary cure cannot reasonably be completed with such thirty (30) day period, Tenant shall have such additional time as may reasonably be necessary, so long as the cure has been commenced within thirty (30) days from the date of such notice, and is thereafter diligently prosecuted to completion. ii. Except as otherwise provided in this lease, the failure by Tenant to make any payment of Base Rent or any other payment required to be made by Tenant hereunder, as and when due, where such failure shall continue for a period of seven (7) business days after landlord notifies Tenant in writing of such failure. iManage: 193723_1 iii. Tenant's failure to reopen as provided in this lease; iv. The failure by Tenant to abide by the Village of Mount Prospect's regulations, or observe or perform any of the covenants, conditions, or provisions of this lease to be observed or performed by Tenant, other than the payment of sums due hereunder, where such failure shall continue for a period of ten (10) days after written notice thereof from landlord to Tenant; provided, however, that if the nature of Tenant's default is such that more than ten (10) days are reasonably required for its cure, then Tenant shall not be deemed to be in default if Tenant commences such cure within such ten (10) day period and thereafter diligently pursues such cure to completion; v. If Tenant shall make an assignment for the benefit of creditors or file a petition in any court for bankruptcy, reorganization, composition or make an application in any such proceeding for the appointment of a trustee or receiver for all or any portion of its property; vi. If any petition shall be filed against Tenant in any bankruptcy, reorganization or insolvency proceedings, and such proceedings are not dismissed or vacated within one hundred twenty (120) days after such petition is filed; vii. If a receiver or trustee shall be appointed under state law for Tenant for all or any portion of the property of Tenant, and such receivership or trusteeship shall not be set aside within ninety (90) days after such appointment. (C) Remedies in Default. In the event of any such uncured default, landlord may pursue the following remedies in addition to any other remedies available at law or in equity: i. landlord may terminate Tenant's right to possession of the Premises by any lawful means, in which case this lease shall terminate and Tenant shall surrender possession of the Premises to landlord within ten (10) days after written notice from landlord to Tenant. In such event, landlord shall be entitled to recover from Tenant all damages incurred by landlord by reason of Tenant's default including, but not limited to, the cost of recovering possession of the Premises, expenses of reletting, including necessary renovation and alteration of the Premises. Any damage or loss of rent sustained by landlord may be recovered by landlord, at iManage: 193723_1 landlord's option, at the time of the reletting, or in separate actions, from time to time, as such damages shall have been made easily ascertainable by successive relettings, or at landlords' option in a singl~ proceeding deferred until the expiration of the term of this lease (in which event Tenant hereby agrees that the cause of action shall not be deemed to have accrued until the date of expiration of such term) or in a single proceeding prior to either the time of reletting or the expiration of the term of this lease. ii. landlord may maintain Tenant's right to possession, in which case this lease shall continue in effect whether or not Tenant shall have abandoned the Premises. In such event, landlord shall be entitled to enforce all of landlord's rights and remedies under this lease. iii. Nothing contained herein shall prevent the enforcement of any claim landlord may have against Tenant for anticipatory breach of the unexpired term of this lease. In the event of a breach or anticipatory breach by Tenant of any of the covenants or provisions hereof, landlord shall have the right of injunction and the right to invoke any remedy allowed by law or in equity as if reentry, summary proceedings and other remedies were not provided for herein. Tenant hereby expressly waives any and all rights of redemption granted by or under any present or future laws in the event of Tenant being evicted or dispossessed pursuant to the terms hereof, or in the event of landlord obtaining possession of the Premises by reason of Tenant's default of any of the covenants and conditions of this lease, as set forth herein. (D) Acceptance of rent. The acceptance of rent, whether in a single instance or repeatedly, after it falls due, or after knowledge of any breach hereof by Tenant, or the giving or making of any notice or demand, whether according to any statutory provision or not, or any act or series of acts except an express written waiver, shall not be construed as a waiver of landlord's rights to act without notice or demand or of any other right hereby given landlord, or as an election not to proceed under the provisions of this lease. (E) Cumulative Remedies. Except where otherwise expressly provided in this lease, no remedy or election hereunder shall be deemed exclusive, but shall, wherever possible, be cumulative with all other remedies at law or in equity and all those specifically provided herein. 25) TERMINATION. At the termination of the term of this lease, by lapse of time or otherwise, Tenant will yield up immediate possession of the Premises to Landlord, iManage:193723_1 in good condition and repair, loss by fire and ordinary wear excepted, and in the condition it was in prior to Landlord's installation of furniture, fixtures and equipment, and will return the keys therefor to landlord at the place of payment of rent. If Tenant retains possession of the Premises or any part thereof after the termination of the term by lapse of time or otherwise, then landlord may at its option within thirty (30) days after termination of the term serve written notice upon Tenant that such holding over constitutes either (a) renewal of this lease for one year, and from year to year thereafter, at double the rental (computed on an annual basis) specified in Section 6, or (b) creation of a month to month tenancy, upon the terms of this lease except at double the monthly rental specified in Section 2, or (c) creation of a tenancy at sufferance, at a rental of 150.00 dollars per day, for the time Tenant remains in possession. If no such written notice is served, then a tenancy at sufferance with rental as stated at (c) shall have been created. Tenant shall also pay to landlord all damages sustained by landlord resulting from retention of possession by Tenant. The provisions of this paragraph shall not constitute a waiver by landlord of any right of re-entry as otherwise set forth in this lease; nor shall receipt of any rent or any other act in apparent affirmance of tenancy operate as a waiver of the right to terminate this lease for a breach of any of the covenants herein. 26) COSTS AND FEES. Tenant shall pay upon demand all landlord's reasonable costs, charges and expenses, including reasonable fees of attorneys, agents and others retained by Landlord, incurred in enforcing any of the obligations of Tenant under this lease or in any litigation, negotiation or transaction in which landlord shall, without landlord's fault, become involved through or on account of this lease. 27) ASSIGNMENT. Tenant will not assign this lease or any part of it to any other person, firm or corporation, except affiliates, without the written consent of the landlord. Tenant shall have the right to sublease the location to a qualified franchisee of Tenant with the written consent of the landlord, which consent shall not be unreasonably withheld or delayed. Such sublease arrangement shall not relieve Tenant from any Tenant obligations, as set forth in the lease, including but not limited to, the reasonable quality standards established by the landlord. The landlord may look to Tenant should any default arise as a result of actions of a subTenant. 28) NOTICES. Whenever a provision is made under this lease or by law for any demand, notice or declaration of any kind, or where it is deemed desirable or necessary by either party to give or serve any such notice, demand or declaration to the other party, it shall be in writing and served either personally or sent by United States mail, certified, postage prepaid, or by pre-paid nationally recognized overnight courier service, addressed at the addresses set forth below or at such address as either party may advise the other from time to time. To the landlord at: Village of Mount Prospect Village Manager 50 S. Emerson Street Mount Prospect, Illinois 60056 iManage: 193723_1 with a copy to: Klein, Thorpe and Jenkins, Ltd. Everette M. Hill, Jr. 20 North Wacker Drive, Suite 1660 Chicago, Illinois 60606 (312) 984-6400 (Telephone ) (312) 984-6444 (Fax) To the Tenant at: Capannari's 10 S. Pine Street Mount Prospect, Il60056 with a copy to: Ken Dix 415 S. I-Oka Mount Prospect, Il 60056 29) RULES. Tenant shall keep and observe such reasonable rules and regulations now or hereafter required by landlord, which may be necessary for the proper and orderly care of the building of which the Premises are a part. 30) BINDING. All covenants, promises, representations and agreements herein contained shall be binding upon, apply and inure to the benefit of landlord and Tenant and their respective heirs, legal representatives, successors and assigns. 31) RIGHTS CUMULA liVE. The rights and remedies hereby created are cumulative and the use of one remedy shall not be taken to exclude or waive the right to the use of another. 32) PLURAL AND SINGULAR. The words "landlord" and "Tenant" wherever used in this lease shall be construed to mean landlords or Tenants in all cases where there is more than one landlord or Tenant, and to apply to individuals, male or female, or to firms or corporations, as the same may be described as landlord or Tenant herein, and the necessary grammatical changes shall be assumed in each case as though fully expressed. 33) ESTOPPEL CERTIFICATE. Tenant shall, no more than twice in any lease Year and upon not less than thirty (30) days prior written notice from landlord, execute, acknowledge and deliver to any prospective purchaser or mortgagee, or to landlord on such party's behalf a statement in writing, (a) certifying that this lease is unmodified and in full force and effect (or, if modified, stating the nature of such modification and certifying that this lease, as so modified, is in full force and effect); (b) stating the date to which the Base Rent and other charges are paid and the amount of any security deposit held by landlord, if any; and (c) acknowledging that there are not, to the actual knowledge of the person executing such certificate, any uncured defaults on the part of landlord hereunder, or specifying such defaults, if any, which are claimed. Any such statement may be conclusively relied upon by any prospective purchaser or encumbrancer of the Premises. Each party will, within thirty (30) days of written request iManage: 193723_1 from the other party, provide an estoppel certificate, whereby such party will represent to the other, or to any prospective purchaser, assignee or mortgagee designated by the requesting party, the status of rent payments under this lease and, to the parties' actual knowledge, whether or not the lease is in full force and effect, or in default. If the party contends that the lease is not in full force or is in default, it will specify the default. 34) AUTHORITY. Each of the landlord and Tenant hereby represents and warrants that this lease has been duly authorized, executed and delivered by and on its behalf and constitutes such party's valid and binding agreement in accordance with the terms hereof. 35) Lease. TIME OF ESSENCE. Time is of the essence to the parties executing this 36) INTERPRETATION. Paragraph and Section headings are not a part hereof and shall not be used to interpret the meaning of this lease. This lease shall be interpreted in accordance with the fair meaning of its words and both parties certify they either have been or have had the opportunity to be represented by their own counsel and that they are familiar with the provisions of this lease, which provisions have been fully negotiated, and agree that the provisions hereof are not to be construed either for or against either party as the drafting party. 37) MODIFICATIONS AND AMENDMENTS. This lease contains all agreements of the parties as of the date hereof with respect to any matter mentioned herein. Except as provided on Page 1 of this lease, no prior agreement, correspondence or understanding pertaining to any such matter shall be effective to interpret or modify the terms hereof. This lease may be modified only in writing, signed by the parties in interest, at the time of the modification. landlord acknowledges that Tenant's employees at the Premises do not have authority to modify the lease or to waive Tenant's rights hereunder. 38) WAIVERS. No waiver by landlord or Tenant of any provision hereof shall be deemed a waiver of any other provision hereof or of any subsequent breach by Tenant or Landlord of the same or any other provision. A party's consent to or approval of any act shall not be deemed to render unnecessary obtaining such party's consent to or approval of any subsequent act. No waiver shall be effective unless it is in writing, executed on behalf of Landlord or Tenant by the person to whom notices are to be addressed. 39) LANDLORDITENANT RELATIONSHIP. Nothing contained in this lease shall be deemed or construed by the parties hereto or by any third party to create the relationship of principal and agent, partnership, joint venturer or any association between landlord and Tenant. landlord and Tenant expressly agree that neither the method of computation of rent nor any act of the parties hereto shall be deemed to create any relationship between landlord and Tenant other than the relationship of landlord and Tenant. iManage: 193723_1 40) BROKERS. landlord and Tenant each represent to the other that they have not dealt, directly or indirectly, in connection with the leasing of the Premises, with any other broker or person entitled to claim a commission or leasing fees. In no event may this lease be construed to create any express or implied obligation on the part of Tenant to perform this lease on behalf of any broker (or any person claiming a commission or leasing fee) as primary obligee or as a third party beneficiary. landlord and Tenant each shall indemnify and hold each other harmless from any loss, liability, damage, or expense (including without limitation reasonable attorneys' fees) arising from any claim for a commission or leasing fee arising out this transaction made by any unidentified broker or other person with whom such party has dealt. 41) SEVERABILITY. If any clause, phrase, provision or portion of this lease or the application thereof to any person or circumstance shall be invalid, or unenforceable under applicable law, such event shall not affect, impair or render invalid or unenforceable the remainder of this lease nor any other clause, phrase, provision or portion hereof, nor shall it affect the application of any clause, phrase, provision or portion hereof to other persons or circumstances. 42) JURISDICTION AND VENUE. This lease provides for services to be performed within the State of Illinois. Accordingly, this lease, and all questions of interpretation, construction and enforcement hereof, and all controversies hereunder, shall be governed by the applicable statutory and common law of the State of Illinois. The parties agree that for the purpose of any litigation relative to this lease and its enforcement, venue shall be in the Circuit Court of Cook County, Illinois and the parties consent to the in personam jurisdiction of said Court for any such action or proceeding. 43) EFFECTIVE DATE. This lease shall be deemed dated and become effective on the date that landlord signs this lease, which date shall be the date stated on the first page of this lease. The Parties hereto have executed this lease as of the day, month and year first above written. Please print or type names below signature(s). Tenant: LANDLORD: CAPANNARI'S, INC. By: VilLAGE OF MOUNT PROSPECT By: , Its President Irvana K. Wilks Village President ATTEST: ATTEST: , Its Secretary M. Lisa Angell, Village Clerk iManage:193723_1 EXHIBIT A Title 44, Part 750, Section 750, APPENDIX A, Illinois Administrative Code, Equal Employment Opportunity Clause EQUAL EMPLOYMENT OPPORTUNITY 750.APPENOIX A Equal Employment Opportunity Clause EQUAL EMPLOYMENT OPPORTUNITY In the event of the Tenant's non-compliance with the provIsions of this Equal Employment Opportunity Clause, the Illinois Human Rights Act or the Rules and Regulations- of the Illinois Department of Human Rights ("Oepartment"), the Tenant may be declared ineligible for future contracts or subcontracts with the State of Illinois or any of its political subdivisions or municipal corporations, and the contract may be cancelled or voided in whole or in part, and such other sanctions or penalties may be imposed or remedies invoked as provided by statute or regulation. During the performance of this contract, the Tenant agrees as follows: 1) That it will not discriminate against any employee or applicant for employment because of race, color, religion, sex, sexual orientation, marital status, national origin or ancestry, citizenship status, age, physical or mental handicap unrelated to ability, military status, or an unfavorable discharge from military service; and further that it will examine all job classifications to determine if minority persons or women are underutilized and will take appropriate affirmative action to rectify any such u nderutilization. 2) That, if it hires additional employees in order to perform this contract or any portion thereof, it will determine the availability (in accordance with the Oepartment's Rules) of minorities and women in the areas from which it may reasonably recruit and it will hire for each job classification for which employees are hired in such a way that minorities and women are not underutilized. 3) That, in all solicitations or advertisements for employees placed by it or on its behalf, it will state that all applicants will be afforded equal opportunity without discrimination because of race, color, religion, sex, sexual orientation, marital status, national origin or ancestry, citizenship status, age, physical or mental handicap unrelated to ability, military status, or an unfavorable discharge from military service. 4) That it will send to each labor organization or representative of workers with which it has or is bound by a collective bargaining or other agreement or understanding, a notice advising such labor organization or representative of the contractor's obligations under the Illinois Human Rights Act and the Department's iManage: 193723_1 Rules. If any such labor organization or representative fails or refuses to cooperate with the contractor in its efforts to comply with such Act and Rules, the contractor will promptly so notify the Department and the contracting agency and will recruit employees from other sources when necessary to fulfill its obligations thereunder. 5) That it will submit reports as required by the Department's Rules, furnish all relevant information as may from time to time be requested by the Department or the contracting agency, and in all respects comply with the Illinois Human Rights Act and the Department's Rules. 6) That it will permit access to all relevant books, records, accounts and work sites by personnel of the contracting agency and the Department for purposes of investigation to ascertain compliance with the Illinois Human Rights Act and the Department's Rules. 7) That it will include verbatim or by reference the provisions of this clause in every subcontract it awards under which any portion of the contract obligations are undertaken or assumed, so that such provisions will be binding upon such subcontractor. In the same manner as with other provisions of this contract, the contractor will be liable for compliance with applicable provisions of this clause by such subcontractors; and further it will promptly notify the contracting agency and the Department in the event any subcontractor fails or refuses to comply therewith. In addition, the contractor will not utilize any subcontractor declared by the Illinois Human Rights Commission to be ineligible for contracts or subcontracts with the State of Illinois or any of its political subdivisions or municipal corporations. iManage: 193723_1