Resolution 6648 - Laserfiche WebLink

Home Browse Search

EXHIBIT C LEASE AGREEMENT THIS LEASE AGREEMENT (the "Lease") is made and is effective this day of September, 2005 between THE CITY OF MOUNDS VIEW, a municipal corporation ("Lessor") and Clear Channel Outdoor, Inc. ("Lessee"). RECITALS WHEREAS, the City owns property located in the City and adjacent to Highway 10 as described on E~h~ibit A which is attached and incorporated herein by reference (the "Property"); and WHEREAS, Lessee has proposed construction of an advertising structure including necessary footings, support structures, power lines, and billboard surface (the "Billboard") on the Property; and WHEREAS, Lessee has submitted a proposal for the design and construction of the Billboard, including requirements that the Billboard include custom design elements and rock face in the structure around the sign face (the "Proposal") which is attached hereto as Exhibit B and is incorporated herein by reference. ~ NOW, THEREFORE, FOR GOOD AND VALUABLE CONSIDERATION, the parties hereto do mutually agree as set forth below: 1. Lease. Subject to all rights by the City and obligations of Lessee, the City leases to Lessee and Lessee leases from the City, the Property consisting of approximately a 1,900 square foot area. 2. Use of Property. Lessee shall use the Property to install and maintain a Billboard, measuring no more than 48 feet in length/width and 14 feet in height, except for occasional, incidental extensions to the sign faces totaling no more than 200 square feet and which cause the Billboard to be no more than 19 feet 6 inches in height at the highest point, nor more than one foot extended from either side of the sign face, and for no other purpose. __ __ 3. Access to Billboard. Subject to the terms and conditions of this Lease, the Lessee shall enjoy the right of reasonable ingress and egress over the Property or through the adjoining Sysco Property on the defined route which is depicted on Exhibit C. This access is granted for the sole purpose of maintaining, servicing; operating, repairing, replacing and removing the Billboard. Lessee's access to the Billboard shall be Limited to the hours of 5:00 a.m. to 6:00 p.m. on normal business days which shall be defined to mean Monday through Friday except those dates on which the City's facility is closed due to holidays. Notwithstanding the foregoing, Lessee shall have access to the Billboard at any time in the event of storm damage or other acts of God SJR-269112v3 MU205-30 C-1