g. Lease on flood lots - Laserfiche WebLink

LEASE OF PROPERTY THIS LEASE is made by and between Cass County, North Dakota (hereinafter "County") and Glen M Keller, 1120 76 Ave S, Fargo ND (hereinafter "Lessee"). THE PARTIES HEREBY COVENANT AND AGREE AS FOLLOWS: Property: The County hereby offers to lease, and the Lessee agrees to lease, the property situated in the Township of Stanley, County of Cass, State of North Dakota, described as: Chrisan Subdivision, Part of Lots 6 & 7 Block 5 described as: Commencing at point which is southwest comer of Lot 7 then east along south line of Lot 7 for 55 feet to point which is tree point of beginning then with deflect to left of 102 degrees 22 minutes for 123 feet then with deflect to fight of 20 degrees 21 minutes for 186.2 feet to pt on north line of Lot 6 then with deflection to fight of 43 degrees 5 minutes 13 seconds along north line of Lot 6 for 88 feet to point on west bank of Red River then meandering southeasterly along west bank for 90 feet to point on northeast comer of Lot 7 then south and along east line of Lot 7 for 326 feet to point on southeast comer of Lot 7 then west along south line of Lot 7 for 145 feet to point of beginning and Lot 8 Block 5 of Chrisan Subdivision in Stanley Township (hereinafter "property"). ° Term: The term of this lease shall commence on May 5, 2003, and expire at midnight on December 31, 2003. o Rent: Rent shall be $10 dollars per year, payable in advance of the commencement day, to the County by and through the Cass County Auditor at the address given in the section herein entitled Notices. Use: The property shall only be used for purposes consistent with those contained in Exhibit 1 (attached). Furthermore, the property shall not be used for, among other purposes, parking vehicles; building any kind of structure without prior written approval of the County; storage of any kind of equipment or personal property; placement of any signs; raising or keeping of animals; or disposal of any kind of materials, whether hazardous or not. The determination of compliance with these limitations on use of the property shall be at the County's sole discretion. o Delivery of Possession: Lessee acknowledges that Lessee has inspected the property and accepts it as suitable for the purpose and use described in this Lease and that the property then complies with the use limitations. Insurance: At all times during the term of this Lease, Lessee shall maintain at Lessee's sole expense, public liability and property damage liability insurance in an amount not less than $500,000. Lessee shall deliver to County a copy of the certificate of insurance prior to the commencement, and renewal if applicable, of this Lease. County makes no representation that the limits of liability specified herein are adequate to protect Lessee. Page 1 of 4