Res 2011-075 - Laserfiche WebLink

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LEASE OF SAN MARCOS PARK PREMISES This lease agreement (this "Lease ") is made between the City of San Marcos, Texas, a municipal corporation (the "Lessor ") and San Marcos Lions Club (the "Lessee "). Article 1. Lease of Premises; Acceptance of Existing Conditions; Compliance with Regulations 1.01. Leased Premises: In consideration of the obligation of the Lessee to pay rent and in consideration of the other terms, covenants and conditions of this Lease, the Lessor leases to the Lessee, and the Lessee leases from the Lessor that approximately 4720 square foot portion (indicated by shading) of the City Recreation Building and adjacent sidewalks (indicated by dashed lines) as shown in Exhibit "A ", attached hereto and made a part hereof for all purposes (the "Leased Premises ") in Hays County, Texas. The Lessor agrees that the Lessee shall also have access to and shared use of the public parking lot adjacent to the leased Premises and the public restrooms in the City Recreation Building, all as shown in Exhibit "A ", subject to Lessor's exclusive control and management of said public facilities. 1.02. No Warranty: The Lessee acknowledges that 1) the Lessor makes no representations or warranties regarding the suitability of the Leased Premises for the Lessee's intended purposes, or the presence of environmental, geologic, or other site conditions that may affect the Lessee's use of the Leased Premises; 2) the Lessee accepts full responsibility for determining the suitability of the Leased Premises for its intended purposes; and 3) the Lessee has inspected the Leased Premises to satisfy itself as to the suitability of the Leased Premises for its intended purposes. 1.03. Compliance With Rules: In addition to other requirements in this Lease, Lessee agrees to comply with all ordinances, rules and regulations governing City Park within which the Leased Premises are located. Article 2. Term and Rent 2.01. Term The term of this Lease shall commence effective as of April 11, 2011 and shall expire on April 10, 2016. This Lease may be renewed for up to four additional terms of five years, each upon mutual agreement of Lessee and Lessor. 2.02. Rent The Lessee agrees to pay to the Lessor a fixed rental in the sum of $10,800.00 per year. Rent for the first year shall be due on or before September 30, 2011 and, thereafter, shall be paid annually by September 30 at the place designated for notices below. Unless otherwise agreed at the time of any renewal under paragraph 2.01, the annual rent during any renewal period shall be as follows: April 11, 2016 through April 10, 2021 $11,350.00 April 11, 2021 through April 10, 2026 $11,900.00 April 11, 2026 through April 10, 2031 $12,500.00