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01-12-1994 Council Agenda
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01-12-1994 Council Agenda
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on September 1, 1994, it may terminate this Lease effective October 31, 1995). Landlord may <br />also terminate this lease at any time if the City of Little Canada issues a license to any entity that <br />will allow other facilities to operate a bingo operation within the City limits. <br />Section 3. At any time during the course of this lease, Landlord shall be permitted to <br />relocate Tenant, at the Landlord's sole cost, to a location mutually acceptable to landlord and <br />Tenant. If there is not a mutually acceptable location, this lease can be terminated with no cost <br />or obligation to the Landlord. Landlord shall provide Tenant no less than sixty (60) days written <br />notice to Tenant of any required relocation. In the event the Landlord relocates Tenant within <br />the Market Place Shopping Center, Tenant shall have one five year option to extend this lease. <br />The terms and conditions of the new lease for the option period will be identical to this lease <br />except that Landlord and Tenant must agree upon the Base Rent to be charged in the option <br />period, which base rent will not exceed the going rate for other tenants in the market Place <br />Shopping Center at the time of extension. <br />IN WITNESS WHEREOF, Landlord and Tenant have signed this lease on the day and <br />year first above written. <br />In ' esence of <br />sada(wp \ndcplcas.2 <br />LAND ORD: MKP, Inc. <br />By: 11 <br />Its: Pre.- a(. e..) -{-- <br />By: <br />Its: <br />TEj1nL/Nā r. A rNT: <br />k <br />> 8k, c t <br />0-- LLW /L y6.ā-(L <br />20 <br />Page 33 <br />1 r,(,. \ L.- <br />
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