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LEASE AGREEMENT EXTENTION BETWEEN <br />CITY OF LINO LAKES AND INDEPENDENT SCHOOL DISTRICT NO. 12 <br />WHEREAS, Centennial School District No. 12 has notified the City of its intention to <br />exercise their option to continue leasing space at the Lino Lakes Civic Complex for another year <br />to accommodate the Early Childhood/Family Education Program; <br />NOW, THEREFORE, the City of Lino Lakes hereby agrees to rent approximately 10,900 <br />square feet of space to School District No. 12 in accordance with the following payment <br />schedule: <br />1. RENT <br />Period Due Date Amount Due <br />07/01/11 to 12/31/11 01/01/12 $60,000 <br />01/01/12 to 06/30/12 07/01/12 $60,000 <br />2. ECFEE ANNUAL MAINTENANCE <br />Daily System Checks* $ 2,014 <br />15 minutes /day x 248 days /year x $32.48 <br />Air Filters (actual cost; no labor is charged) $ 750 <br />Condenser Unit #4: <br />NAC spring startup and mid - season maintenance $ 600 <br />Clean condenser unit twice a year $ 100 <br />Repairs (7 year average is $2,400 per year) $ 1,500 <br />Check/repair emergency lights twice a year $ 0 <br />Annual roof inspection and caulking $ 0 <br />TOTAL $ 4,964 <br />*Includes system programming, monitoring, adjustments, and troubleshooting. <br />P65 <br />• <br />• <br />