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LEASE AGREEMENT <br /> This Lease is made and executed in duplicate at North Olmsted, Ohio, by and between the <br /> City of North Olmsted,an Ohio municipal corporation(hereinafter, "Lessor"),whose main office is <br /> located at 5200 Dover Center Road, City of North Olmsted,Ohio 44070,and T.D. Ganley,Inc.,dba <br /> Ganley Honda (hereinafter, "Lessee"), whose main office is located at 25870 Lorain Road,North <br /> Olmsted, Ohio 44070, as follows: <br /> Lessor desires to let space in the parking lot of the North Olmsted Recreation Center,26000 <br /> Lorain Road,North Olmsted, Ohio, 44070 to Lessee for use as temporary storage of new and used <br /> vehicle inventory. Lessee desires to obtain a lease of space in the said parking lot,and to temporarily <br /> occupy such space for storage of new and used vehicle inventory. The parties therefore agree as <br /> follows: <br /> Section I <br /> Description of Lease Space <br /> The premises to be leased are designated as fifteen(15)adjoining parking spaces located on <br /> the east side of the Recreation Center. Although not a part of the leased space,Lessee is also granted <br /> non-exclusive use of the North Olmsted Recreation Center private drive as a means of ingress and <br /> egress to the leased space. <br /> Section II <br /> Use <br /> The leased space described in this lease is to be used exclusively as a place to store new and <br /> used vehicle inventory. Lessee agrees to restrict the use of the leased space to said purpose. <br /> Lessor agrees that it shall not store construction vehicles or related construction equipment on <br /> said leased space. Lessor further agrees that it shall not store salvaged or junked vehicles in the <br /> leased space. Lessor further agrees that it shall not store in the leased space vehicles awaiting repairs <br /> at its service garage or vehicles awaiting body repairs. <br /> Lessee acknowledges that it is using an area within a functioning parking lot. As a result, <br /> Lessor cannot guarantee the exclusive use of such space. Lessee is solely responsible for arranging <br /> vehicles in such a fashion so as to define the boundaries of the leased space. The leased space may <br /> not be defined with barricades or other features unless agreed to by Lessor. <br /> Lessee agrees that from time to time, Lessor may require the use of such space for parking <br />