Res 1999-155 - Laserfiche WebLink

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LEASE AGREEMENT This Lease Agreement (this "Lease") is entered into effective June 1, 1999 between the City of San Marcos (the "City"), a municipal corporation, and the Central Texas Pepper Farm Co-Operative (the "Co-op"), a nonprofit association of residents of the C.M. Allen Homes in San Marcos, Texas. Article 1. Lease of Premises; Rental; Acceptance in Present Condition 1.1 In consideration of the obligation of Co-op to pay rent and in consideration of the other terms, covenants and conditions of this Lease, the City leases to Co-op, and Co-op leases from the City the one acre, more or less, tract of real property located in the 700 block of River Road as depicted on the attached Exhibit A (the "Leased Premises"). 1.2 Co-op covenants and agrees to pay to City as rent for the premises the sum of One Dollar ($1.00) per annum, due and payable on or before the first working day of January of each year. Rent will accrue from the effective date of this Lease and will be payable at the City's Finance Office. 1.3 The Co-op acknowledges that 1) the City makes no representations or warranty regarding the suitability of the Leased Premises for the Co-op' s intended purposes, or the presence of soil, environmental, geologic, or other site conditions that may affect the Co-op's use of the Leased Premises; 2) the Co-op accepts full responsibility for determining the suitability of the Leased Premises for its intended purposes; 3) the Co-op has inspected and performed all tests and investigations of the Leased Premises that the Co-op considers necessary to satisfy itself as to the suitability of the Leased Premises for its intended purposes; and 4) the Co-op is accepting the Leased Premises in their present condition, and the Co-op agrees to perform all preparation, remediation and other activities necessary to use the Leased Premises for the Co-op's intended purposes. Article 2. Use and Care of Leased Premises 2.1 The Co-op will use the Leased Premises only for the purpose of planting, cultivating and harvesting vegetables. The Co-op will obtain the prior written consent of the City for any other use of the Leased Premises. 2.2 All property kept, stored or maintained within the premises by Co-op will be at the Co-op's sole risk of loss, damage, theft or destruction. 2.3 Co-op will not, without the City's prior written consent, conduct within the premises any activity objectionable to persons on adjacent or nearby property, nor engage in any other 1