Resolution 6648 - Laserfiche WebLink

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4. Proposal. Lessee shall be required to abide by the terms and conditions of the Proposal except to the extent that the as that Proposal relates to rent paid or references items specific to golf course property or related products. 5. Content Regulation. The Billboard may be used to advertise any legal product to the extent provided and limited in the Proposal. Notwithstanding the foregoing, the Billboard may not be used to advertise any products of any company that could be reasonably deemed to be a competitor of Medtronic, Inc.'s cardiac rhythm management and related medical product businesses. The Billboard is not intended to, and shall not create a public foram. The Billboard may not create a nuisance or other hazard to public health or safety. 6. Billboard Desi~rl and Construction. The Billboard shall be maintained in substantially the same form in which it was designed and constructed, in accordance with the Proposal. In no event shall Lessee construct or operate a tri-vision sign or other multi-faced, moving sign without prior, written consent by the City which may require renegotiation of such terms herein as the City deems appropriate. 7. Illumination. Lessee may provide reasonable illumination of the Billboard, to the extent permitted by law, and may install and maintain the necessary Iines, wires and cables. Lessee shall only illuminate the Billboard in compliance with and to the extent permitted by applicable laws, regulations or state agency directives. 8. Term and Renewal. The term of this Lease shall be for thirty (30) years commencing on the first of the month following Lessee's substantial completion of the Billboard. 9. Rent. Lessee shall pay rent annually, in advance; on or before January 1St of each year in the following amounts (the "Rent''}: Lease Years 1-10 $15,000 per year Lease Years 11-20 $20,000 per year Lease Years 21-30 $35,000 per year 10. Maintenance of Property. Lessee shall at all times during the term of this Lease keep its Billboard in good repair and maintain them in a clean and orderly condition. Lessee shall maintain the Property in a safe condition. The City will keep the Property mowed and free from weeds. Lessee shall bear all the costs and expenses of installation, inspection and maintenance of the Billboard including any costs related to installation or relocation of electric services related to the Billboard or any other utility service subsequently provided. Lessee shall bear all the costs and expenses of modification to or repair or removal of the Billboard. Lessee agrees that the City may require or cause illumination of the Billboard to be ceased temporarily if necessary to protect the public health and safety or if necessary in relation to repairs or maintenance on the Property. 11. Alteration of Billboard. Lessee may not modif~~ or alter the construction of the Billboard without prior written approval of the City. Such approval shall not be required for minor repairs which do not alter the size, shape or appearance of the Billboard. An;~ such work shall be done at the sole expense of Lessee and shall not interfere with the City's use of the Property. SJR-269112v3 T4t_120~ •30 C-2