2017.10.02 CC Packet - Laserfiche WebLink

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City of Hugo Attn: City Administrator 14669 Fitzgerald AVE N Hugo MN 55038 4.3 if this Lease is terminated at any time other than on the first day of a month, the fee shall be prorated, based on a thirty -day month, as of the date of termination, and all prepaid fee shall be reimbursedto LESSEE. 4.4 All correspondence and telephone calls concerning billing issues should be directed to the address provided) above. 4.5 LESSEE represents and warrants that it is registered with the Secretary of State to do business in the State of Minnesota and will continue to provide the documentation required by the Secretary of State's office to remain in good' standing. 4.6 LESSOR and LESSEE agree that if LESSEE adds any additional antennas' LESSEE shall pay LESSOR the current per antenna monthly fee. Current per antenna monthly fee' shall be calculated by dividing the number of antennas located on the tower at the time LESSEE gives notice to install additional antennas by LESSEE'S present monthly fee. Such additional antennas shall be subject to the annual increase in rent according to the current fee schedule and constitute a revision to the current fee schedule in the form of an Amendment to this Lease. 5. OPTION TO RENEW 5.1 So long as LESSEE is not in default hereunder, LESSOR grants and. LESSEE accepts the right to renew this Lease for additional five (5) year terms, at the same terms and conditions as set forth in the Lease except for the rent shall be payable in accordance with the fee schedule set forth below: Option 1 Rent for Lease Period Lease Period 10/1/2028 9/30/2029 10/1/2022 9/30/2023 $3,950.81 10/1/2023 9/30/2024 $4,069.33 10/1/2024 9/30/2025 $4,191.41 10/1/2025 9/30/2026 $4,317.15 10/1/2026 9/30/2027 $4,446.67 Option 2 Lease Period. Rent for Lease Period 10/112027 9/30/2028 $4,580.07 10/1/2028 9/30/2029 $4,717.47. 10/1/2029 9/30/2030 $4,858.99 10/1/2030 9/30/2031 $5,004.76 Agreement No. 2017 -CE -Hugo Hugo Water Tower Page 3 of 19