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Uses: Any lawful commercial use which shall be interpreted as permitting the existing <br />outside storage. No storage of junk or debris permitted. <br />Insurance: Tenant maintain public liability insurance on Subject Parcel <br />Utilities: Tenant responsible for any utilities it may use at Subject Parcel <br />Subletting: Tenant may not sublet during lease term <br />Improvements: Tenant required to stripe parking spaces in order to delineate parking stalls <br />Other standard lease terms as recommended by City Attorney <br />Comments: Lease would be renegotiated to a market rate for next renewal period. <br />Option C <br />Term: July 29, 2009 — September 20, 2010 <br />Rent: $2,300/mo. This amount is equates to .39/square feet/yr. Staff has been advised that <br />this is below market rate. <br />Taxes: Tenant pay levied property taxes for Subject Parcel <br />Uses: Any lawful commercial use which shall be interpreted as permitting the existing <br />outside storage. No storage of junk or debris permitted. <br />Insurance: Tenant maintain public liability insurance on Subject Parcel <br />Utilities: Tenant responsible for any utilities it may use at Subject Parcel <br />Subletting: Tenant may not sublet during lease term <br />Improvements: Tenant required to stripe parking spaces in order to delineate parking stalls <br />Other standard lease terms as recommended by City Attorney <br />Comments: This is a compromise position for a period of approximately a year and the <br />lease would be renegotiated to a market rate for next renewal period. <br />Enclosures: <br />Site Map <br />Sketch drawing <br />Funding Source: N/A <br />Recommendation: <br />Staff recommends selecting an option for lease and to authorize a land lease for the 1.65 acre parcel <br />of land at 6811 Highway 10 NW on the terms described above. The Mayor and City Administrator <br />are authorized to execute such a lease upon approval of City Attorney as to legal form. <br />Council Action: <br />Motion to approve Option , a land lease for the 1.65 acre parcel of land at 6811 Highway 10 <br />NW on the terms described above. The Mayor and City Administrator are authorized to execute <br />such a lease upon approval of City Attorney as to legal form. <br />Review Checklist: <br />Deputy City Adm' r /�c�o unity Development <br />City Administrato <br />CC:07.28.09 <br />