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E/7. Lease Agreement - Hockaday Center for the Arts40 City of Kalispell Post Office Box 1997 - Kalispell, Montana 59903-1997 - Telephone (406)758-7700 Fax(406)758-7758 REPORT TO: Honorable Mayor and City Council FROM: Chris A. Kukulski, City Manager SUBJECT: Five Year Lease Agreement Between the City of Kalispell and the Hockaday Center for the Arts MEETING DATE: June 18, 2001 BACK GROUND: Attached is a copy of the five year lease agreement between the City of Kalispell and the Hockaday Center beginning April 1, 2001. The original signing of this lease is dated May 13, 1981 and the terms remain unchanged. The consideration of the lease is for the sum of $1.00 per year. While the City provides insurance for the structure, the Hockaday is required to insure the building's contents and a minimum of $750,000 in personal injury and property damage liability insurance. The City, with a maximum amount of $6,600, pays utilities annually and all maintenance, repairs and alterations shall be the responsibility of the Hockaday. Finally, the lease limits the use of the facilty to those activities commenly connected to the visual and performing arts. RECOMMENDATION: The City Council authorize the City Manager to sign the attached Lease Agreement between the City of Kalispell and the Hockaday Center. FISCAL EFFECTS: The City will receive a total of $5.00 for the term of the lease and has committed itself to paying an amount not to exceed $6,600 annually to cover any and all utility cost. ALTERNATIVES: As suggested by the Council. Respectfully submitted, UN-�4A,9 &, Chris A. Kukulski City Manager Report compiled June 13, 2001 LEASE AGREEMENT THIS AGREEMENT, made and entered into this 1st day of April, 2001, by and between THE CITY OF KALISPELL, a municipal corporation, hereinafter called CITY, and the HOCKADAY CENTER FOR THE ARTS, a non-profit corporation, hereinafter called CENTER; W I T N E S S E T H: WHEREAS, on the 13th day of May, 1981, the parties did enter into an agreement whereby CITY leased to the CENTER that certain premises known as Hockaday Center for the Arts, and owned by the CITY, more particularly described as follows: Lots 1 and 2 of Block 64, of Kalispell, Montana, according to the map or plat thereof on file and of record in the office of the County Clerk and Recorder of Flathead County, Montana. WHEREAS, such lease of said premises has been found to have been to the mutual benefit of the parties and to the people of the City of Kalispell and Flathead County; and WHEREAS, it is the intent of the parties that a similar lease arrangement should be continued; NOW, THEREFORE, the CITY does demise, lease and let to the CENTER, and CENTER does agree to lease and rent from the CITY said premises under the following terms and conditions: 1. Term: The terms of this lease agreement shall be for a period of five (5) years commencing April 1, 2001. 2. Consideration: The CENTER shall pay to the CITY, as rent, the sum of $1.00 per year in advance; receipt of the rental for the first year of this term of this lease is hereby acknowledged by the CITY. Rent for subsequent years of the term of this lease is due and payable on the annual anniversary date hereof. 3. Insurance: A) The CITY shall insure said premises for fire damage, extended coverage and other risks which it may choose in such amounts and f or such terms as the CITY shall deem advisable. All policies carried by the CITY shall provide that, in the event of a loss, all payments under them shall be made solely to CITY. In the event the premises suffers fire, or other damage, of less that 50% of the total value of the premises, the CITY shall repair or rebuild the premises as the insurance benefits shall allow and the lease shall continue. In the event the premises suffers a loss of more than 50% of its total value, the CITY shall decide what further use will be made of the premises and the lease shall terminate. The CENTER releases the CITY and its agents from all demands, claims and causes of action arising from any of these causes. 1 8. Assignability: This lease is not assignable; however, the CENTER may sublet, with City Council approval, on a temporary basis, portions of said premises for uses connected and logically associated with the intended cultural use of the premises. 9. Miscellaneous: CENTER shall, on or before October 1, of each year of this lease, furnish to the City a general budget as adopted by CENTER for the ensuing year. Also, CENTER shall, upon request of the City Council, furnish information covering the operating policies and costs of operation of said premises. 10. Termination: This lease may be terminated by CENTER upon 90 days written notice to the CITY. Same may be terminated by the CITY upon 90 days written notice for delinquency in payment of rent or violation of any covenant hereinabove contained unless such delinquency or violation be corrected within said 90 day period. IN WITNESS WHEREOF, both parties have hereunto set their hands and seals this day of June, 2001. ATTEST: Theresa White City Clerk ATTEST: By Secretary THE CITY OF KALISPELL Chris A. Kukulski City Manager HOCKADAY CENTER FOR THE ARTS UA President 3