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2. TERM. The term of this lease shall commence on <br /> the day of 19 , and continue for a <br /> period of ( ) years from and after such commence- <br /> ment date. <br /> Circle Pines further grants to the City of Lino lakes <br /> the option to extend the term of this lease for an addition <br /> fifteen (15) years after the expiration of the original term. <br /> Such option term shall commence automatically without further <br /> notice unless six (6) months prior to the termination date of <br /> the initial term, Lino Lakes, in writing, indicates its intent <br /> not to exercise such option to Circle Pines. <br /> 3. RENT. Lino Lakes shall pay to Circle Pines as and <br /> for rent for the demised premises, in advance on the first day <br /> of each and every year during the term of this lease the sum of <br /> One and no/100 ($1.00) Dollar per year commencing on <br /> , 19 <br /> 4. SPECIAL ASSESSMENTS. It is agreed by and between <br /> Circle Pines and Lino Lakes that each shall pay fifty (50%) <br /> percent of all taxes, assessments and impositions and costs of <br /> any kind, if any, including special assessments. <br /> 5. UTILITIES. Lino Lakes shall pay promptly as and <br /> when the same become due and payable, all rents, rates and <br /> charges for water, sewer, electricity, and gas used by Lino <br /> Lakes in connection with the use of the demised premises. <br /> 6. USE OF THE PREMISES. Lino Lakes agrees that the <br /> -2- <br />