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98-037 Ordinance
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98-037 Ordinance
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Last modified
1/16/2014 12:01:47 PM
Creation date
1/16/2014 5:07:40 AM
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North Olmsted Legislation
Legislation Number
98-037
Legislation Date
6/16/1998
Year
1998
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<br />THIS INDENTURE OF LEASE is made and entered into at North Olmsted, Ohio, this <br />day of , 1998, by and between the CITY OF NORTH <br />OLMSTED, an Ohio municipal corporation, hereinafter called "Lessof," and NORTFERN OHIO <br />INTERCONNECT, INC., a corporation, hereinafter cailed "Lessee." <br />WHEREAS, Lessor has previously leased to Lessee's predecessor land in and around its <br />Recreational Center Complex located in the City ofNorth Olmsted pursuant to Ord. No. 81-27, <br />enacted March 17, 1981; and <br />WAEREAS, Lessor and Lessee have agreed to renew a portion of said lease on the terms <br />and conditions which follow; and <br />NOW, THEREFORE Lessor and Lessee agree as follows: <br />Demised Premises. For the rents and upon the terms and conditions hereinafter set <br />forth, Lessor hereby leases unto Lessee the parce[ of land outlined in red on the plot plan marked <br />Exhibit A, attached hereto and made a part hereof, and all easements, rights and privileges <br />appurtenant thereto. If and when obtained, a legal description of said parcels shall be prepared <br />and marked Exhibit B, attached hereto and made a part hereof. Lessor further leases to Lessee all <br />rights of way required (i) for ingress and egress to, from and between such two parcels of land to <br />the nearest public roadway, and (ii) for the installation, operation and use of any utilities as shall <br />be required by Lessee to use said land and the improvements to be constructed thereon for <br />Lessee's intended purposes as set forth in this lease. All of the aforesaid shall hereinafter <br />sometimes be referred to as the "demised real estate." <br />2) A. Term. To have and to hold the above demised real estate with all eacisting <br />improvements thereon, if any, and appurtenance thereto belonging unto Lessee, for a term <br />commencing on the lst day of January, 1998, and expiring on the 30th day of April, 2000, unless <br />the term hereby demised shall be sooner terminated as hereinafter provided. <br />B. Promise to Vacate. Lessee agrees that, at the conclusion of the term of this <br />lease, it will vacate the demised real estate and return possession of the same to the Lessor. If <br />Lessee fails to do so, Lessee shall be considered to be a holdover tenant, and shall owe Lessor for <br />the use of the demised real estate during its holdover for each month, or portion of month, the <br />.:i:.a-•n?#.,a+3fr...::?5# ....'... .. .,. ....... ...... . .:"?t,v,;kv?R???a:?d ,?cr?...;?^i?t?n+s9P6s+- '?. <br />I
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