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2. TERM. The term of this lease shall commence on the day of <br /> 199_, and continue for a period of ( ) years from <br /> and after such commencement date. <br /> Circle Pines further grants to Lino Lakes the option to extend the term of this <br /> lease for an additional fifteen (15) years after the expiration of the original term. Such <br /> option term shall commence automatically without further notice unless six(6) months <br /> prior to the termination date of the initial term, Lino Lakes, in writing, indicates its <br /> intent not to exercise such option to Circle Pines. <br /> 3. RENT. Lino Lakes shall pay to Circle Pines as and for rent for the <br /> demised premises, in advance on the first day of each and every year during the term <br /> of this lease the sum of One and no/100 (S1.00) Dollar per year commencing on <br /> 199 <br /> 4. SPECIAL ASSESSMENTS. It is agreed by and between Circle Pines and <br /> Lino Lakes that each shall pay fifty (50%) percent of all taxes, assessments and <br /> impositions of any kind, if any, imposed by other government bodies regarding the <br /> demised premises, including special assessments. <br /> 5. UTILITIES. Lino Lakes shall pay promptly as and when the same become <br /> due and payable, all rents, rates and charges for water, sewer, electricity, and gas <br /> used by Lino Lakes in connection with the use of the demised premises. <br /> 2 <br />