Agenda - Council Work Session - 06/14/2011

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1. PREMISES: Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, for the term and upon the conditions hereinafter provided, the Premises described in Item 1 of the Data Sheet. 2. RENTABLE AREA: The Rentable Area of the Premises is estimated to be the area set forth in Item 1 of the Data Sheet. The actual Rentable Area of the Premises 3. LEASEHOLD IMPROVEMENTS: Tenant is taking the premises "AS IS" and Landlord shall not be obligated to do any work in the Premises. The Tenant shall maintain the Premises as an outdoor storage facility and shall not make any structural changes or make any alteration, decoration, addition or improvement to the Premises. 4. TERM: The term of this Lease (the "Term ") shall commence upon the "Commencement Date" set forth in the term sheet above. 5. RENT: Tenant shall pay $1,600.00 per month as and for rent of the Premises. Tenant will pay for all of its operating costs associated with maintenance of the Premises as an outdoor storage facility and parking lot. The landlord shall pay the property taxes due on the Premises. 6. USE: Tenant will use and occupy the Premises solely as a parking lot or outdoor storage facility 7. ASSIGNMENT AND SUBLETTING: The Tenant's interest in this Lease may not be assigned or sublet to any third party without the prior written consent of Landlord and the fencing structure enclosing the Premises. 8. MAINTENANCE: Tenant agrees to keep and maintain the Premises in properly functioning, safe and orderly condition, will make all necessary replacements thereto, will suffer no waste or injury thereto, and will at the expiration or other termination of the Term, surrender the same with all improvements in the same order and condition in which they were on the Commencement Date Tenant shall keep all rubbish, garbage or other refuse in proper containers and shall promptly empty same into the collection area designated from time to time by Landlord. 2