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OPTION TO RENEW: In the event Lessees are not in default unde
the terms of this lease, then the Lessor grants to the Lessees an
option to renew the lease for an additional ten (10) year period
at the same rental and under the same terms and conditions herein
set forth. The option to renew shall be exercised at least thirty
(30) days prior to the termination of this lease by written notice
given to the Lessor by the Lessees, signifying the intention of
the Lessees to renew.
City (McCall
OFFICE OF THE CLERK
BOX 1065
MCCALL, IDAHO 83638
March 14, 1994
James W. Hardy, President
The Sports Marina, Inc.
P.O. Box 869
McCall, ID 83638
Dear Jim,
On March 10, 1994, the McCall City Council reviewed your request
to extend the lease for the Sports Marina for an additional ten
year period. Inasmuch as your notice is all that was required,
the Council took no action, therefore approving the extension.
The lease will terminate following this renewal on April 7, 2004.
Thank you for your attention to this matter.
Sincerely,
Arthur J. Schmidt,
Interim City Manager