Agenda - Council - 11/23/2021 - Laserfiche WebLink

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The Tenant shall provide Notice the Landlord that it wants to exercise the Option on or before March 1, 2023. If no Notice to exercise the Option is provided by the Tenant to the Landlord on or before March 1, 2023 the Option is terminated. If Tenant desires to end this Lease after a period of one year, Tenant may do so by providing Landlord with 90 days prior written notice. However, in no event may Tenant terminate this Lease earlier than December 31, 2022. Notwithstanding the Lease Term, Landlord may terminate this Lease at any time at Landlord's sole option upon 90 days prior written notice to Tenant. 3. Use. The Leased Area may only be used for storage of Tenant's inventory and/or customer's boats. The Leased Area may not be used for employee parking or any other use without Landlord's written permission. No signage shall be installed by Tenant in or on the Leased Area. Tenant shall conduct its business and control its agents, employees, invitees and visitors in such a manner as not to create waste, odors, nuisance, or interfere with, annoy or disturb any other tenant of Landlord or Landlord's employees and agents in its operation of the 6701 Highway 10 property. Tenant acknowledges that the Leased Area is not fenced except along the rear of the property or otherwise secured in any manner and Landlord makes no representations as to the security of the Leased Area. 4. Access. To the extent reasonably practicable, the Leased Area shall be accessed by Tenant through the gate on the east fence of Outdoor Storage Area D (See attached Lease Reference Map) located at the rear of 6745 Highway 10. A 15- foot-wide through lane between the rear of the building at 6701 Highway 10 and the Leased Area must be maintained at all times for emergency vehicle access and for City access to the rear of the 6701 building. 5. Rent. Monthly rent shall be paid by Tenant to Landlord upon execution of this Lease for Lease Periods 1, 2 and the Option (Lease Period 3). Monthly Rent for each Lease Period and the Option are as follows: - Lease Period 1-December 1, 2021 — May 31, 2022 - $373.89 / month - Lease Period 2 — June 1, 2022 — May 31, 2023 - $385.11 / month - Option (Lease Period 3) June 1, 2023 — May 31 2024 - $396.66 / month 6. Maintenance and Improvements. Tenant is solely responsible for routine maintenance of the Leased Area during the term of the Lease, including trash removal. Tenant shall not damage the existing parking surface, normal wear and tear excepted. Any damage to the Leased Area by Tenant, its employees, agents, customers or guests shall be repaired by Tenant at its sole cost. In the event 2