8988-18 Authorize Lease with FFL for community police officer space

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Ohio Commercial Lease Agreement This Commercial Lease Agreement ( "Lease ") is made and effective February 9, 2018, by and between First Federal of Lakewood ( "Landlord ") and City of Lakewood, Department of Police-("Tenant"). Landlord is the owner of land and improvements commonly known and numbered as 14812 Detroit Ave, Suite 200 Lakewood, Ohio 44107 Landlord makes available for lease a portion of the Building designated as Suite 200 (the "Leased Premises "). Landlord desires to lease the Leased Premises to Tenant, and Tenant desires to lease the Leased Premises from Landlord for the term, at the rental and upon the covenants, conditions and provisions herein set forth. THEREFORE, in consideration of the mutual promises herein, contained and other good and valuable consideration, it is agreed: 1. Term. Landlord hereby leases the Leased Premises to Tenant, and Tenant hereby leases the same from Landlord, for an "Initial Term" beginning March 1st, 2018 and ending upon 180 clay notice by either party. 2. Rental. A. Tenant shall pay to Landlord during the Initial Term rental of $1 per year, payable in annual installments of $1 per annum. Each installment payment shall be due in advance on the first day of each calendar month during the lease term to Landlord at 14806 Detroit Ave, Lakewood, Ohio 44107 or at such other place designated by written notice from Landlord or Tenant. 3. Use Lessee agrees to occupy, use, and maintain the Leased Premises and all appurtenances thereof in a carefid, safe, proper, clean, and sanitary manner and condition at all times. Lessee shall not allow the Leased Premises to be used or occupied for any purpose or in any manner, and the Lessee shall not allow any substance, thing, or force to be brought into or upon the Leased Premises that will increase the risk of fire, casualty, or loss thereto, or that will increase the rate of insurance for the Leased Premises, beyond the risks and rate of insurance now associated with or in effect for the Leased Premises. Lessee shall at all times comply with all federal, state, and local statutes, laws, rules, regulations and ordinances applicable to Lessee and to the Leased Premises, and shall comply with all directions of lawful authority applicable to the Leased Premises. Without limiting the generality of the foregoing, Lessee shall comply with all fire, sanitation, and health requirements and inspections, and shall promptly furnish Lessor with copies of all inspections reports, citations, and notices applicable to the Leased Premises received by Lessee from any and all public authorities.