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Ground Lease <br /> Basic Terms <br /> Date: , 20_ <br /> Landlord: City of San Marcos <br /> Landlord's Address: 630 East Hopkins Street, San Marcos, Texas 78666 <br /> Tenant: Kyle D. Reese <br /> Tenant's Address: 111 Bayridge Road, LaPorte, Texas 77571-3557 <br /> Premises: Being 2,903 square feet,more or less of land area, being a portion of Lot 10 <br /> and 11, Block 9, Original Town of San Marcos as recorded in Volume 46, <br /> Page 448 of the Hays County Deed Records, and being a portion of that <br /> tract described as 1.813 acres in a deed from Union Pacific Railroad <br /> Company to the City of San Marcos,dated December 5,2013 and recorded <br /> in Volume 4897, Page 577 of the Hays County Official Public Records, as <br /> more fully described by metes and bounds in the attached Exhibit"A,"made <br /> a part hereof for all purposes, and <br /> Being 434 square feet, more or less of land area, being a portion of Lot 10, <br /> Block 9, Original Town of San Marcos as recorded in Volume 46,Page 448 <br /> of the Hays County Deed Records, and being a portion of that tract <br /> described as 1.813 acres in a deed from Union Pacific Railroad Company <br /> to the City of San Marcos,dated December 5,2013,and recorded in Volume <br /> 4897, Page 577 of the Hays County Official Public Records, as more fully <br /> described by metes and bounds in the attached Exhibit "B," made a part <br /> hereof for all purposes. <br /> Term: Commencement Date: January 1, 2025 <br /> Termination Date: December 31, 2029 <br /> Renewal: Subject to mutual agreement of the parties, provided either party notifies <br /> the other in writing of its intention to renew within 90 days of Termination <br /> Date. <br /> Rent: Year 1: $2,002.20 <br /> Year 2: $2,062.27 <br /> Year 3: $2,124.13 <br /> Year 4: $2,187.86 <br /> Year 5: $2,253.49 <br />