HomeMy Public PortalAbout1995.10.13 Senior Center Agreement for Ratification and Extension of LeaseAGREEMENT FOR RA thICATION AND
EXTENSION OF LEASE
This Agreement is made October 13, 1995, by and between the City of McCall, an Idaho
municipal corporation ("Lessor"), and McCall Senior Citizens, Inc., an Idaho corporation
with its principal place of business at McCall, Idaho ("Lessee").
Background
1. Lessor and Lessee are parties to a SENIOR CITIZENS LEASE dated as of October 31,
1979, respecting the property known as the McCall Senior Citizens Center ("Lease").
2. Such Lease was for an original term of ten years, with options to renew for periods of
five years each and at the same annual rent figure.
3. Such Lease was extended in December of 1990, at a time when it had according to its
original terms already expired over a year before, by letter acknowledgment of Lessee's
notice of desire to extend.
4. The Lessee has again indicated its desire to extend.
A greements
5. The parties by this paragraph ratify all that has in the past been done with regard to
extensions of the Lease, and agree that the Lease is in present good force and effect,
and shall have an expiration date of December 31, 2000, with the right to renew for
additional five year terms each, notwithstanding that the Lease as originally executed
and if twice renewed would have expired October 31, 1999.
6. Nothing in this Agreement shall be held to change any part of the original Lease as
extended, other than the matter expressly set out in paragraph 5 above, including but
not limited to the fact that either party still has the right to terminate this Lease on 90
days written notice.
Dated: //�//CS
McCall Senior Citizens, Inc.
by:
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Attest:
President
Secretary
Dean A. Martens,
Mayor
James H. Henderson,
Ge/tv ` City Clerk