Space for Non-Profit Community Serving Organizations Sample Clauses

Space for Non-Profit Community Serving Organizations. The Owner shall set aside a minimum of 500 square feet of commercial/retail/office space at ground level or aboveground level at zero base rent (payment of monthly Common Area Maintenance fees only) to be leased to a non- profit community service agency or social service or arts organization (“Community Non-Profit Space”). If the space is above ground level, Owner shall ensure that the space is handicapped accessible and shall provide adequate signage so that the public can locate the space. LCC shall provide a list of potential tenants for the space for the Owner’s approval, such approval shall not be unreasonably withheld. The Owner is encouraged to consider synergies with the requirements outlined in the Affordable Housing and the Economic Development and Employment Articles of this Agreement. Owner shall give notice of a vacancy in the 500 square foot Community Non-Profit Space to LCC’s Executive Director as soon as Owner is aware of a potential vacancy so that LCC can assist owner in locating a new tenant for the space. The successful lease of the 500 square foot Community Non-Profit Space shall be credited towards Owner’s commitment of the 10% CBSB Space under Article 7.E. above and towards the 30% or greater local business requirement in Article 7.D.4. above. Owner must ensure the continuation of the Community Non-Profit Space with subsequent owners of the Development in accordance with Article 12.D of this Agreement.
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