HomeMy WebLinkAboutRottinghaus, Lee-Lease Agreement-12.22.2008 (2) n�
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CITY OF WATERLOO, IOWA
LEASE AGREEMENT
for
CITY-OWNED PROPERTY
This Agreement made and entered into this, " ( day of N,C- ►y.Gt( , 200g by and between the City
of Waterloo, Iowa (hereinafter referred to as "City"), and/ e. 4-iir,thGt i5 (hereinafter referred to as
"Lessee").
1.The City agrees to allow the Lessee to use and occupy City property generally located adjacent to Martin
Luther King Jr. Drive and Bishop Avenue in the Northeast Industrial Park, and legally described in Exhibit"A"
attached here to and made a part here of by this reference.
2.The City agrees to allow the Lessee to use and occupy the aforementioned City property for a term
commencing on the day of , 200_, and terminating on the day of December 31,
2009. The Lessee agrees to pay the City$9715.00 (67 Acres @ $145.00 per acre) per year for use of said City
property during said term.
3.The City may terminate this agreement upon thirty (30) days' written notice if the City needs the use of
said City property for its own purposes. As the applicant is using the land for crop production, the City would
need to reimburse the lessee for any crops in production at the time of termination.
Lessee may terminate this Agreement upon thirty (30) days' written notice to the Waterloo
Community, Planning, and Development Department. The full amount of the payment is due, and no annual
amount would be refunded if termination were to occur within the lease period.
4.In consideration of the extension of this Agreement to the Lessee, Lessee hereby agrees to indemnify
and hold the City harmless for any and all liability, claims, actions, causes or action, and/or damages which may
arise or allegedly arise out of Lessee's use of the aforementioned City property, either to the City's property, or to
any other person who may claim injury by aid/or through, as a result of the alleged activity on City's property as
aforesaid. Lessee further agrees to indemnify and hold the City harmless for any and all damages or injury, which
may occur to Lessee's livestock as a result of the alleged activity on City's property as aforesaid. Lessee further
aggress to indemnify and hold the City harmless for any and all damages or injury which may occur to Lessee's
livestock as a result or consequence of the use of the City property.
5.This agreement contains the entire Agreement between the parties. None of the covenants, provisions,
terms or conditions of this Agreement will be in any manner modified, waived, or abandoned, except by written
instrument duly signed by both parties and delivered to the City and the Lessee. This occupancy agreement and
the terms and conditions herein apply and are binding on the legal representative, and successors and assigns of
both parties.
AAP
EXECUTED THIS» DAY OF be c e P4Ger , 2008-
CITY OF WATERLOO LESSEE
APPROVED BY: BY:����
(Mayor) �a lern
ATTE .
Ci Clerk)
CITY'S ACKNOWLEDGMENT
STATE OF IOWA �i,'1U,t;k1. gikk-- COUNTY, SS:
On thisiay of INE d,:,44.117-C,'-- , AD 200K before me, the undersigned, a Notary Public
irt,and for said Cou ty, in sail State, personally appeared
bil 1Q S fti/vu-f and i .4(L) �xkew �)e�T �,{ to me personally known, who, before by me
duty worn, did say that they are the MAYOR and CITY CLERK, respectively, of said City executing the within
and foregoing instrument to which this is attached, that the seal affixed thereto is the seal of said City; that said
instrument was signed and sealed on behalf of said City by authority of it's City Council; and that the said MAYOR
and CITY CLERK, acknowledged the execution of said instrument to be the voluntary act and deed of said City,
by it and by them voluntarily executed.
K E*
Not Public in and for said C unty
Exhibit "A" - Legal Description
16.5 Acre Parcel - E 1/2 SE SW SEC 20 T 89 R 12 EXC THAT PART
CONVEYED TO THE CITY OF WATERLOO B 571 P 613
36.5 Acre Parcel - SW SE EXC E 66 FT SEC 20 T 89 R 12
14 Acre Parcel - S 1/2 NW SE EXC E 66 FT SEC 20 T 89 R 12 AND EXC FOR
THAT PART CONVEYED TO THE CITY OF WATERLOO B 571 P 613
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