g. Contract approval - Laserfiche WebLink

LEASE AGREEMENT THIS AGREEMENT, Made and entered into this _ day of ,2005, by and between THE HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF FARGO, hereinafter referred to as "HRA" or "Lessor", party ofthe first part, and THE CITY OF FARGO, NORTH DAKOTA, a municipal corporation, and CASS COUNTY, NORTH DAKOTA, a Home Rule county under North Dakota law, hereinafter referred to as "City", "County", party ofthe second part, or "Lessee". WITNESSETH, That the said party of the first part, for and in consideration of the rents and covenants hereinafter mentioned, and to be paid and performed by the said party of the second part, the said party of the first part has DEMISED, LEASED AND LET, and by these presents does Demise, Lease and Let, unto the said party of the second part, space on the roof on party of the first part's building located at 101 Second Street South (High Rise building). Said space house radio and communication equipment and facilities for emergency communication providing facilities for local law enforcement, public safety, and the like. Said facility shall also include the existing two- way radio system. The premises are located in Fargo, Cass County, North Dakota, to wit: Lot Three (3), in Block Four (4), of North Dakota Urban Renewal #2 to the City of Fargo, Cass County, North Dakota, more commonly known as 101 Second Street South, Fargo, North Dakota. TO HAVE AND TO HOLD, The above-rented premises to the said party of the second party, its successors and assigns, for and during the full term of thirty (30) years from and after the date hereof unless terminated by the parties pursuant to the terms of a Joint Powers Agreement between the parties. The term of this lease shall commence thirty (30) days from the date of execution of this lease. And the said party of the second part, for its successors and assigns, agrees to and with the said party of the first part, to pay its successors or assigns, as rent for the above-described premises, a total sum of Eighty-seven Thousand Dollar ($87,000.00) payable as follows: $86,971.00 for the first year's rent; $1.00 per year for each of the 29 years of this lease.