resolution
Resolutions-2001-27
Page 6 of 16
Text read by the vision model; check the PDF for anything that matters.13. Property Taxes.
(a) Tenant shall pay the personal property taxes levied against the Improvements and the real estate taxes levied against the land underlying the Leasehold Parcel. If the classification of the land for tax purposes changes as a result of Tenant’s commercial use, then Tenant shall be responsible for increases attributable to such commercial use. Increases in property values reflected in Landlord’s property tax bill received after the first assessment date following Tenant’s completion of construction shall be deemed to best indicate the impact attributable to Tenant.
(b) Although Tenant will be receiving a separate tax bill for its personal property, the parties assume that the Leasehold Parcel will not be eligible for a separate assessor’s parcel number. Therefore, Tenant shall contribute to the payment of real estate taxes on the underlying land promptly following Landlord’s demand therefor, provided that Tenant’s proportionate share shall be computed as follows: Area of Leasehold Parcel, divided by area of total tract shown on tax bill, times total tax attributable to land only. The parties agree to cooperate in good faith to identify the portion of Landlord’s property tax increases for which Tenant is fairly responsible, and Tenant agrees to subsidize such increases.
(c) Landlord’s requests to Tenant for contribution or reimbursement of property taxes should be addressed to USCell, P.O. Box 31369, Chicago, IL 60631-0369. All requests must be accompanied by a copy of Landlord’s tax bill. Tenant shall comply with requests for contribution by issuing a check for Tenant’s proportionate share made payable to the tax collector. Tenant shall comply with requests for reimbursement by issuing a check to Landlord, provided that a paid tax receipt accompanies such request.
(d) Tenant shall have the right, but not the obligation, to pay Landlord’s real estate taxes on the underlying land if the same become delinquent, to ensure that Tenant’s leasehold interest does not become extinguished. Tenant shall be entitled to take a credit against rent for the portion of Landlord’s taxes which it was not Tenant’s obligation to pay, as such amount shall reasonably be substantiated.
14. Repairs. Tenant shall be responsible for all repairs of the Improvements, and may at its own expense alter or modify the Improvements to suit its needs consistent with the intended use of the Premises.
15. Mutual Indemnification. Tenant shall indemnify and hold Landlord harmless from and against any loss, damage, or injury caused by, or on behalf of, or through the fault of the Tenant, or in any way resulting from Tenant’s presence upon Landlord’s lands. Landlord shall indemnify and hold Tenant harmless from and against any loss, damage, or injury caused by, or on behalf of, or through the fault of the Landlord. Nothing in this Article shall require a party to indemnify the other party against such other party’s own willful or negligent misconduct.
16. Insurance. Tenant shall continuously maintain in full force and effect a policy of commercial general liability insurance with limits of one million dollars ($1,000,000) covering
Sources
- laserfiche: Resolutions-2001-27 (Resolutions-2001-27.pdf) — where it was found ↗ first seen Oct 12, 2026
Data last updated October 15, 2026. Built from the archive's documents; see how the data is built.