201001127 - Laserfiche WebLink

Browse

. ~ ~ ».~ . 201001127 ~I I~ n STATE OF NEBRASKA ADMINISTRATIVE SERVICES STATE BUILDING DIVISION LEASE AGREEMENT This Lease is by and between Administrative Services, State Building Division, an agency of the State of Nebraska, hereinafter known as "Lessor", and the City of Grand Island, a Nebraska Political Subdivision, hereinafter known as "Lessee". 1. Land. Lessor hereby leases, subject to the terms, covenants and conditions set forth in this Lease, to the Lessee, the Land as generally described below (hereinafter "Demised Land"), which consists of 78.39 acres of land shown on the map attached hereto as Exhibit A, which is hereby incorporated into this Lease. Lessor warrants and represents that it is the owner of the Demised Land. The Demised Land is described as follows: A TRACT OF LAND LOCATED IN PART OF THE EAST HALL= (E1/2) OF SECTION FIVE (5), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA,AND MORE PARTICULARLY DESCRIBED A5 FOLLOWS: COMMENCING AT THE EAST QUARTER (E1/4) CORNER OF SECTION 5-T11N-R9W; THENCE ON AN ASSUMED BEARING OF N88°50'06"W UPON THE SOUTH LINE OF THE NORTHEAST QUARTER (NE1/4) OF SAID SECTION 5 A DISTANCE OF 40.00 FEET TO THE POINT OF BEGINNING, SAID POINT ALSO BEING ON THE WESTERLY RIGHT-OF-WAY (ROW) LINE OF 13ROADWELL AVENUE; THENCE S00°51'43"W UPON AND ALONG SAID WESTERLY ROW LINE A DISTANCE OF 179.46 FEET; THENCE N88°10'08"W A DISTANCE OF 254.75 FEET; THENCE S29°09'23"W A DISTANCE OF 250.49 FEET; THENCE N88°50'06"W PARALLEL WITH SAID SOUTH LINE OF NE1/4 A DISTANCE OF 1,748.67 FEET; THENCE N00°37'43"E A DISTANCE OF 397.71 FEET TO SAID SOUTH LINE OF THE NE1/4; THENCE N00°3743"E A DISTANCE OF 1,233.17 FEET; THENCE S88°25'59"E A DISTANCE OF 69.05 FEET; THENCE N00°43'20"E A DISTANCE OF 59.94 FEET; THENCE S88°21'19"E A DISTANCE OF 259.64 FEET; THENCE S88°20'18"E A DISTANCE OF 498.58 FEET; THENCE S88°24'58"E A DISTANCE OF 1,150.41 FEET TO A POINT BEING ON SAID WESTERLY ROW LINE OF BROADWELL AVENUE, SAID POINT ALSO BEGIN THE WESTERLY LINE OF NEBRASKA STATE ROW DESCRIBED IN STATE OF NEBRASKA DEPARTMENT OF ROADS DOCUMENT NO. 93-104239, RECORDED MAY 26, 1993, REGISTER OF DEEDS, HALL COUNTY, NEBRASKA; THENCE S11°16'37"E UPON AND ALONG SAID WESTERLY ROW LINES OF BROADWELL AVENUE AND STATE DEED A DISTANCE OF 212.80 FEET; THENCE S00°38'41"E UPON AND ALONG SAID WESTERLY ROW LINES A DISTANCE OF 489.24 FEET; THENCE S20°2726"E UPON AND ALONG SAID WESTERLY ROW LINES A DISTANCE OF 243.20 FEET; THENCE S00°00'05"E UPON AND ALONG SAID WESTERLY ROW LINES A DISTANCE OF 354.81 FEET TO THE POINT OF BEGINNING. SAID TRACT CONTAINS A CALCULATED AREA OF 3,414,493.776 SQUARE FEET OR 78.39 ACRES MORE OR LESS. The parties recognize there is an abandoned well within the Demised Land. During the term of the lease Lessee shall be responsible for appropriate security and safety related to the abandoned well. 2. Term and Termination. 2.1. The term of this Lease shall be for a period of 99 years, commencing on ~ 1 , 2009 (hereinafter the "Commencement Date")and ending on an,-i i ~n , 2108 (hereinafter the "Expiration Date") unless sooner terminated as hereinafter provided. This Lease shall in no case become effective until all required signatures have been obtained. If Lessee occupies said Paga 1 of5