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THIS AGREEMENT, Entered into this 28th day 197 5 between Independent School District No. the "District ") as lessor and the City of Little inafter the. "City "). as lessee. of August 623 through its Board (hereinafter Canada'through its Council (here- WITNESSETH, That in consideration of the covenants herein contained, said District hereby leases to said City that' certain land and premises comprising that part of the school site owned by the District and located within the boundaries of the City southeast of the intersection of Eli Road and Centerville Road, and as designated on the attached site plan identified as Exhibit A, subject to the following: 1. TERM -This lease shall be in effect for a period of 15 years from and after the day of 19 75 2. OPTION TO RENEW -The City has the option to renew this lease for a period of 10 years under the same terms and conditions of ng ivi notice to the District of its intention to do so. g 90 days written The City in consideration of said lease, hereby covenants as follows: 3. USE OF LEASEHOLD -Said land and premises as described herein shall be-used exclusively for Park and Recreation purposes by the City, its successors and assigns. 4. CONDITION OF PREMISES -The City has examined and knows the condition of said leased land and premises., acknowledges that it has received the same in good order and repair, and that no representation as to the condition or state of repairs thereof has bean made by the District; and•the City expressly assumes the risk of all defects latent or apparent; and the City agrees to repair, restore or replace, to the satisfaction of the District any fixtures, equipment or machinery included in said leasehold, which may hereafter be found injured, defective, damaged or missing. • 5. RESPONSIBILITY FOR DAMAGE'TO PREMISES -The City assumes responsibility for loss, damage, or injury to the leasehold caused by its officers, employees, invitees or others while entering, within or departing from the leasehold in connection with the lessee's activities, or by its occupancy of the leasehold, other than by reasonable wear and tear. • 6. MAINTENANCE -The City shall be responsible for maintenance of the leased land and premises in good repair and in a safe and not unsightly condition. 7. SUPERVISION -The City shall supply personnel as necessary to supervise leased land and premises when the same are available for general public use. 8. UTILITIES -The City agrees to promptly pay all costs of electricity, gas, oil, sewer, water, and other utilities as may be provided to such leased land and premises. the 9. ACKNOWLEDGMENT OF PARTICIPATION -The City shall make notice of the District's participation in providing the leased land and premises on any and all signs or printed information available to the public in a manner approved by the District.