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04-30-07 Item 7B, Water Tower Lease Agreement
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04-30-07 Item 7B, Water Tower Lease Agreement
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6/25/2007 4:28:49 PM
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04-30-07 Item 7B, Water Tower Lease
General - Type
Agenda Item
Category
Black Dot Wireless Tower Lease
Date
4/30/2007
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<br />'.' <br />~. .- <br /> <br />,-'" <br />\.~..... <br /> <br />I""" <br />'~,/ <br /> <br />, <br /> <br />b. <br /> <br />Upon terudnation of this Lease :Eor any reason. Tenanl: <br />shall remove its equipment, personal property, Antenna <br />FaciH_ties, - and leasehOld :improvements from the Water <br />Tower and Property within s:i.xty ( 60) . days after the <br />dete of term:i.nation. and shall restore the Water Tower <br />and the Property to the oondition .it was :in on the <br />Commencement Date of the term of this Leas.., a11. at <br />Tenant's sole cost and expense. Any suoh property <br />which is - not removed by the end of saUl si.o<t:y (60) day <br />periQd shall become the property of Land1.ord. Tenant's <br />ObUgat1ons to pay Rent shall cont.inue during such <br />sixty (60) day periOd. <br /> <br />r--- <br />'-.v- . <br /> <br />9. Insurance. <br /> <br />e. Tenant shall provide Comprehensive General L.iability <br />InSUrance coverage, inOlud.ing prenIises!operations <br />OOverage, independent contractor's liability, completed <br />operations coverage, and contraci:u.a1 l.iability <br />coverage, in a combined sin9le l1mi-t of -not 1ess than <br />One Mi.11ion l)01lars ($1,000,000) p~r occurrence, <br />subject to One M:Lllion Dollars ($1,000,000) aggregate. <br />Tenant may satisfy thi.s requirement by underlying <br />insurance plus an umbrella 1iabil.ity policy. <br /> <br />b. <br /> <br />o <br />. \..t..-..... <br /> <br />Neii:hOlr party shal1. be liable to the other (or to the <br />other's successors or assi.gns) fo>: -atly loss or damage <br />caused by fire Or any of the risks enumarated in' a <br />standard "All Risk" :insurance policy, and, in the even1; <br />of Such insured loss, nei:ther party's i:nsurance company <br />shall have a subrogated claim aga.inat the other. <br /> <br />c. Tenant shall provide to Landlord, pr.ior to the <br />Commencement Date of the Lease term, evidence of the <br />requ.ired insurance .in the fo:rm of a certificate of <br />insurance iSsued by an insuranee company licensed to do <br />business in the state Of Minnesota, which .includes all <br />coverages required in Paragraph 9(a) above and contains <br />evidence of the waiver Of subrogation contained in <br />Paragraph 9(b) above. Said Cert:tfica-te shall also <br />prOVide that the coverage sha],1' not be cancel-led, <br />nonrenewed, Or materially changed wi1:bbut thirty (30) <br />.days pri,or written notioe to Landlord. - - <br /> <br />10. nama",.. or Destruction. If the Property or the water <br />Tower are destroyed or -damaged so as, :in Tenant'-s _ judgment to <br />hinder its effective use of the Antenna Facilities, Tenant may <br />el.ect to terminate this Lease upon thirty (30) days written <br />notice to Landlord. <br /> <br />/----- <br />\" .' <br /> <br />11. Condemnat.ion. In .the event the whOle of the. Property <br />is taken_ by eminent domain, the Lease Shail. tOlrmina-\;e as of the <br /> <br />7 <br /> <br />.. - <br /> <br />gOO~ <br /> <br />SNM-SSfflffHIM HVln~NI~ <br /> <br />--- <br />vL66 Ogy YZV XVd r..:ao OOO'lo'/~n <br /> <br />
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