CAPITAL IMPROVEMENTS AND MAINTENANCE. 15.1. The City will retain the responsibility for capital improvements to the Facilities; however, the City is under no obligation to make such improvements. The City shall, at its sole discretion, determine Capital Expenditures for repairs, improvements and maintenance. The Operator agrees to annually provide to the Contract Administrator, in accordance with the Operator’s requirements, a schedule of items that can be reasonably anticipated as necessary capital expenditures. The purpose of such a schedule is to allow the Contract Administrator to consider for inclusion such projects in its budget for the ensuing year and to prepare and update a long-range (five year) capital expenditure budget. The Operator’s failure to list particular items or projects shall not be deemed a waiver of City’s responsibility to make such capital improvements.
CAPITAL IMPROVEMENTS AND MAINTENANCE. For purposes of this Section 3.4, a capital item is distinguished from maintenance in that a capital improvement is intended to extend the useful life of a fixed asset, whereas repairs and maintenance keep the asset in its customary state of operating efficiency. Minor improvements to structures or site involving a total expenditure of less than Five Thousand Dollars ($5,000) are not capital improvements. Replacement of structural elements, even costing more than Five Thousand Dollars ($5,000), caused by normal wear and tear, are maintenance and not a capital improvement. "Extraordinary maintenance," referring to those emergency items that need immediate replacement prior to the capital planned schedule for replacement, are provided for in the annual budget so that urgent replacements or repairs may be addressed immediately.
CAPITAL IMPROVEMENTS AND MAINTENANCE. The NWSA will be responsible for any future capital improvements, repairs and/or maintenance on the Premises. Any and all modifications, upgrades, maintenance and repair of the Premises shall be the responsibility of NWSA. The NWSA shall obtain prior written approval from the Port, not unreasonably withheld, for any modifications and/or capital approvements to the Premises. For tenant improvements by an NWSA customer that has entered into an agreement with the NWSA for use of the Premises, the NWSA customer shall be required to follow the Port’s Tenant Improvement Process.
CAPITAL IMPROVEMENTS AND MAINTENANCE. A. It is understood and agreed that EPMC shall be responsible for up-front costs for capital improvements, as agreed upon below. EPMC will make these capital improvements so the Theaters have up-to-date equipment, which functions properly to ensure reasonable attendance and sales. While it is expected these costs will be between $200,000 and $250,000, any capital expenditures incurred by EPMC for the capital improvements agreed upon below shall be at EPMC’s expense. Except as provided in subsection B, no material alterations to the Facilities shall be made without prior written consent of the City Manager. Any future capital expenditures, not listed below, if approved, in writing, by City in advance, will be separately paid for by the City, in accordance with state and local public bidding rules. EPMC shall submit a request to City Manager in writing (which may be delivered electronically via email). For items costing under $100,000, the City Manager shall approve, deny, or request additional information regarding the requested capital expenditure within two (2) weeks of delivery of the request by EPMC, and otherwise, if the amount is over $100,000, the time period extends to two (2) months.
CAPITAL IMPROVEMENTS AND MAINTENANCE. (1) Any capital improvements to the Property shall be made in accordance with the MOU.
CAPITAL IMPROVEMENTS AND MAINTENANCE
