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HomeMy WebLinkAbout72- Environmental Development Corp. I , . ~ ~ . . , ; . LEASE AGREEMENT THIS AGREEMENT, Made and entered into thisQ2L1 day of ~p knJ Irf' .1- , 1972, by and between the CITY OF BOZEMAN, a municipal I corporation of the state of Montana, hereinafter referred to as the Lessor, and ENVIRONMENTAL DEVELOPMENT CORP., a Montana corporation, hereinafter referred to as the Lessee, WI T N E SSE T H : That said Lessor,for and in consideration of the rents, covenants and agreements hereinafter contained, to be paid, kept and performed by the Lessee, have leased, demised and let and by these presents do lease, demise and let unto the Lessee the fOllowing described premises,situate in the city of Bozeman, county of Gallatin, state of Montana, to wit: The South two hundred (200) feet of Langhor Park, city of Bozeman, county of Gallatin, state of Montana. TO HAVE AND TO HOLD the above described premises under the conditions hereinafter stated for a period of six (6) months commencing on the ;) ,- day of S ,: /-')-fr/-1 /.lL~/l , 19 7 ~, and ending on the ~_) {' day of /<) //11 (pj , 1972.., on which last mentioned date this lease shall be fully terminated and ended without the necessity of notice of any kind. It is further agreed that this lease may be renewed for an additional period of not to exceed six (6) months if the parties hereto so desire, and in case of the renewal of said lease, the terms of this lease shall apply. The said Lessee hereby covenants and agrees to pay as rent for the above described premises for said six month period, the sum of One Hundred Dollars, said rent being due and owing upon the execution of this agreement. It is further specifically understood and agreed that the Lessee 7 . . . . . . ~ , . . 1 shall pay to the Lessor a security deposit in the sum of Seven Hundred Dollars ($700.00) to insure said Lessee's performance of the covenants of this lease as hereinafter set out as to cleaning of the premises and removal of construction debris and fences, and in the event the Lessee has fully complied with the covenants contained in this Lease, the said $700.00 security deposit will be returned to said Lessee, and in the event the Lessee has failed to comply with the terms and covenants of this Lease, the securi ty deposit or so much thereof as may be necessary will be applied toward payment of the costs incurred by Lessor in correcting said deficiencies and Lessee shall be responsible for any excess costs which may result. It is understood and agreed that the premises being leased herein will be used for a temporary site for the storage of construction materials. The Lessee further agrees to fence the area within which said construction materials will be stored. In this regard, the Lessee agrees to maintain said premises in a clean and orderly manner and will not permit an accumulation of junk or debris on said premises during the term of this lease, and that at the termination of this lease, the Lessee will remove all construction debris and fences and will leave the premises in a clean and orderly condition. The Lessee further covenants and agrees that it will protect the Lessor from and indemnify it against all loss sustained and expense incurred by reason of any liability of any character incurred by the Lessee, or arising out of, or in conjunction with, the maintenance, use and operation of said premises during the term of this lease, including any liability for injury to persons or property due to, or arising out of, the condition of said premises, or other- wise; and that to this end the Lessee covenants and agrees to carry a sufficient amount of liability insurance in a reputable insurance -2.., -; . '. , . .. . . . . .. . . ' . , .. company, satisfactory to the Lessor, which certificate of insurance will name the said Lessor as an additional insured, and will fully protect the parties hereto. It is further understood and agreed that in the event the Lessee does not perform the covenants herein provided to be kept and performed by it during the term hereof, that the Lessor shall have the right to terminate and end this lease and recover possession of said leased premises by giving the Lessee written notice of Lessor's intention so to do. Said notice shall contain a statement of the default of which said Lessor complains, and unless the said Lessee shall comply with the terms thereof complained of within thirty (30) days of the receipt of such notice, the term of this lease and agreement shall terminate and end, and upon such termination of said lease, the Lessor shall have the full and absolute right to re-enter said premises and to have and to hold the same. IT IS FURTHER UNDERSTOOD AND AGREED by and between the parties hereto that all covenants and agreements herein contained shall bind the legal representatives, successors and assigns of the respective parties to the same extent as if they had been expressly mentioned in each of said covenants. IN WITNESS WHEREOF, the parties hereto have caused their corporate names to be subscribed by the proper parties thereto duly authorized on the day and year first above written. THE CITY OF BOZEMAN, MONTANA, a municipal corporation, ATTEST: ~-"-'A4~ By ity ]1anager ENVIRONMENTAL DEVELOPMENT CORP., a corporation ATTEST: ../~_.,. -, / l/ I), By ,~'- /' ' I // ?/- ~(l.~. / , -3-