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Hilton Land LeaseCr,;/ of Kalis-ell 312 1 st Ave East U Kalispell, MT 59901 SIT`- �d... 180184-FT LEASE OF KALISPELL CITY PROPERTY TO KALISPELL HOTELS, LLC This Lease Agreement (the "Agreement") entered into as of the I ay of July, 2006, by and between the City of Kalispell, a body politic and corporate created by Montana State Statutes ("Lessor"), and Kalispell Hotel,,er,' LLC, a Montana Limited Liability Company, of P.O. `J Box 1068, 741 Lakeside Blvd., Lakeside, MT 59922, (-Lessee"). WITNESSETH: WHEREAS, Lessor now owns, controls, and operates the Kalispell City Airport (the "Airport") and adjacent real property in the City Kalispell, County of Flathead, State of Montana; --4 WHEREAS, Lessee is constructing a hotel and conference center facility adjacent to the `? Kalispell City Airport and requires parking space that exceeds the amount of land that it owns; and WHEREAS, it is in the best interests of the Lessor to lease a portion of its airport property and adjacent real property to the Lessee for the purposes of fulfilling the Lessee's parking requirements of the hotel and conference facility. NOW, THEREFORE, in consideration of the premises and the mutual covenants contained in this Agreement, the parties hereby agree as follows: ARTICLE I J TERM The term of this Agreement shall be for a period of ; 1 ETY-NINE (99) years, commencing on the date that Lessee receives its certificate of occupancy from the City of i4J Kalispell, and continuing for ninety-nine years, unless earlier terminated under the provisions of s, this Agreement. ARTICLE II LEASED PREMISES ` Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, the following premises comprising 63,223 square feet, described as shown by maps and legal description `-' attached hereto as Exhibit "A" and incorporated fully herein by this reference. ARTICLE [II `~ RIGHTS AND OBLIGATIONS OF LESSEE A. Required Services. Lessor hereby grants a leasehold to Lessee in the above -described premises, and Lessee agrees to construct a hotel, conference center and restaurant facility consistent with the plans it submitted and were accepted by the City of Kalispell in the Planned Unit Development Agreement dated May 2006. Lessee further agrees that it and its assigns are bound to continue to operate the hotel, conference center and restaurant facility during the term of the lease and that the lease shall terminate if those services are ever discontinued. B. Wellhead Protection. The City of Kalispell owns and operates a water well site contiguous to the above -described leased premises. The City completed a Source Water Delineation and Assessment Program designed to protect a portion of the underground aquifer that provides potable water to the City's five groundwater wells. The program reduces the threat of groundwater contamination by controlling the type of uses that can occur within a 100-foot LEASE OF KALISPELL CITY PROPERTY - Page I of 8 € 0C� 13135 Dr radius of each well (i.e., the CONTROL ZONE). The following is a list of uses that the Lessee is not permitted within the CONTROL ZONE. 1. Discharge. Lessee shall discharge, or cause, or permit the discharge of regulated substances to the groundwater or surface water that may have a deleterious aftect on the groundwater in the City, unless the discharge complies with federal, state, and local regulations. 2. Septic Tank Systems. No septic system, wastewater disposal system, sewer pipe, sewage lift station, French drain, or class V injection well, shall be located within the CONTROL ZONE. 3. On -Site Sewage Disposal. Lessee shall not place, maintain, or operate on -site sewage disposal from a septic tank or wastewater treatment plant within the CONTROL ZONI F. neon any lot abutting any portion of any public street in which such portion of such street a public sewer is laid. Lessee shall not place, maintain, or operate on -site sewage disposal such as a septic tank system within the CONTROL ZONE. 4, Petroleum Products. Lessee shall not discharge any petroleum product(s), treated or untreated, in the CONTROL ZONE. 5. Underground Storage Tanks. No underground storage tanks used to store regulated substances may be installed in the CONTROL ZONE for any type of purpose. 6. my Wells andlor Storm Water Detention Ponds. Lessee shall not direct the discharge of any regulated substance, directly or indirectly, into the groundwater by the use of a dry well, detention pond, retention pond, or storm water swale. 7. Solid Waste Disposal. It shall be unlawful to place or maintain any solid waste disposal, transfer, or processing facility, or any hazardous material waste disposal, transfer, or processing facility within the CONTROL ZONE. 8. Storage Containers. All regulated substances outside of the CONTROL ZONE shall be stored in suitable containers to reduce the chance; for the substances to be accidentally introduced into the environment. These storage containers shall be product -tight and shall be provided with secondary containment. Defective storage containers shall be removed from service for repair or disposal in accordance with local, state, and federal standards. 9. Secondary Containment. Where secondary containment is required, it shall be constructed of a material of sufficient structural integrity and composition to contain the required capacity of liquids and not be structurally weakened because of contact with the discharge of the regulated substance to be contained. The material shall be free of cracks, joints, gaps, or other imperfections, which would allow leakage through the containment material. This containment can take many forms such as trays under containers, floor curbing or other systems designed to hold materials or liquids that may discharge from containers holding regulated substances. LEASE OF KALISPELL CITY PROPERTY - Page 2 of 8 C. Compliance with Laws. Lessee shall comply with all federal, state and local laws, rules and regulations which may apply to the conduct of the business contemplated, including rules and regulations promulgated by Lessor, and Lessee shall keep in effect and post in a prominent place all necessary and/or required licenses or permits. D. Maintenance and Repair. Lessee shall be responsible for the maintenance and repair of the leased premises and shall keep and maintain the leased premises in good condition, order and repair, and shall surrender the same upon the expiration of this Agreement, in the condition in which they are required to be kept, reasonable wear and tear and damage by the elements not caused by Lessee's negligence excepted. E. Parking and Access for Red Eagle Aviation. Until such time as the airport expansion is completcd and the business known as Red Eagle Aviation is moved from its present location next to the subject premises, ten parking spaces within Tract 4 of the leased premises shall be designated as daytime (6:00am to 6:00pm) reserved parking for employee and guest parking of Red Eagle Aviation and used by Red Fagle Aviation for fuel truck access to its leased premises. ARTICLE IV APPURTENANT PRIVILEGES Use of Airport Facilities. Lessee shall be entitled, in common with others authorized, to the use of all facilities and improvements of a public nature which now are or may hereafter be connected with or appurtenant to the Airport, including the use of landing areas, runways, taxiways and aircraft parking areas designated by Lessor. ARTICLE V PAYMENTS A. Lease Rate. In consideration of the rights and privileges granted by this Agreement, Lessee agrees to pay to Lessor during the first year of the term of this Agreement the sum equal to at least S.16 per square foot per year. B. Payments. The annual lease payment specified above shall be paid annually no later than the 151 day of July, the first payment, being prorated and paid in advance on the date the certificate of occupancy is issued. C. Lfa&C_Rate Escalation. Each third year, on July I", the Lease Rate shall be increased to reflect a three percent annual increase in the lease rate with the annual per square foot rate rounded to the nearest penny. The first Lease Rate Escalation shall occur on July 1, 2009 and shall increase the Lease Rate to (.01748 basis) $.17 per square foot per year. D. Delinquency Charge. A delinquency charge of 5% per month shall be added to payments required which are rendered more than ten (10) days delinquent. E. PIace of Payment. All payments due Lessor from Lessee shall be delivered to the City of Kalispell at P.O. Box 1997, Kalispell, MT 59903-1997. ARTICLE VI UTILITIES Lessee shall have the right to use the utility service facilities located on the Premises at the commencement of the term of this Agreement. In the event Lessee fails to pay any utility bills when due, Lessor may, at its option, pay the same and collect from Lessee the amounts so disbursed, plus interest at the rate of 1 % per month or fraction thereof. LEASE OF ICALISPELL CITY PROPERTY - Page 3 of 8 '-,0o t ARTICLE VII INSURANCE A. Required Insurance. Lessee shall obtain and maintain continuously in effect at all times during the term of this Agreement, at Lessee's sole expense, General I.iahility coverage on the premises in the minimum amount of $750,000 per occurrence and $1,500,000 aggregate which policy shall name the City of Kalispell as an additional named insured. These minimums shall be adjusted accordingly in the event Montana Law is amended to increase the liability limits of local governments. B. Notice. Lessor agrees to notify Lessee in writing as soon as practicable of any claim, demand or action arising out of an occurrence covered hereunder of which Lessor has knowledge, and to cooperate with Lessee in the investigation and defense thereof. ARTICLE VIII INDEMNIFICATION To the extent not covered by insurance carried in favor of Lessor, Lessee shall keep and hold harmless Lessor from and against any and all claims, demands, suits, judgments, costs and expenses asserted by any person or persons, including agents or employees of Lessor or Lessee, by reason of death or injury to persons or loss or damage to property, resulting from Lessee's operations; or anything done or omitted by Lessee, under this Agreement except to the extent that such claims, demands, suits, judgments, costs and expenses may be attributed to the acts or omissions of Lessor or its agents or employees. ARTICLE IX ASSIGNMENT This agreement, or any hart thereof, may not be assigned, transferred or subleased by Lessee, by process or operation of law or in any other manner whatsoever, without the prior written consent of Lessor, which consent shall not be withheld unreasonably. ARTICLE X NON-DISCRIMINATION Notwithstanding any other or inconsistent provision of this Agreement, during the performance of this Agreement, Lessee, for itself, its heirs, personal representatives, successors in interest and assigns, as part of the consideration for this Agreement, does hereby covenant and agree, as a covenant running with the land, that: A. No person on the grounds of race, color, religion, sex, or national origin shall be excluded from participation in, denied the benefits of, or otherwise be subjected to discrimination in; the use of the Premises. B. hi the construction of any improvement on, over or under the Premises, and the furnishing of services therein or thereon, no person on the grounds of race, color, religion, sex or national origin shall be excluded from participation in, denied the benefit of, or otherwise be subjected to discrimination; C. Lessee shall use the Premises in compliance with all other requirements imposed by pursuant to Title 49, Code of Federal Regulations, Department of Transportation, Subtitle A, Office of the Secretary, Part 21, Nondiscrimination in Federally Assisted Programs of the Department of Transportation -Effectuation of Title VI of tha Civil Rights Act of 1964, and as said regulations may be amended. LEASE OF KALISPELL CITY PROPERTY - Page 4 of 8 D, In the event of breach of any of the above non-discrimination covenants, Lessor shall have the right to terminate this Agreement and to reenter and repossess the Premises and hold the same as if said Agreement had never been made or issued. This provision does not become effective until the procedures of 49 CFR Part 21 have been followed and completed, including expiration of appeal rights. ARTICLE XI REQUIREMENTS OF THE UNITED STATES This Agreement shall be subject and subordinate to the provisions of any existing or future agreement between Lessor and the United States, or any agency thereof, relative to the operation or maintenance of the Airport, the execution of which has been or may be required as a condition precedent to the expenditure of federal funds for the development or operation of the Airport provided, however, that Lessor shall, to the extent permitted by law, use its best efforts to cause any such agreements to include provisinn, Protecting and preserving the rights of Lessee in and to the Premises, and to compensation for the taking thereof, interference therewith and damage thereto, caused by such agreement or by actions of Lessor or the United States pursuant thereto. ARTICLE XII DEFAULT AND TERMINATION A. Termination by Lessee. This Agreement shall be subject to termination by Lessee in the event of anyone or more of the following events: 1. The default by Lessor in the performance of any of the terms, covenants or conditions of this Agreement, and the failure of Lessor to remedy, or undertake to remedy, to Lessee's satisfaction, such default for a period of thirty (30) days after receipt of notice from Lessee to remedy the same. 2. Damage to or destruction of all or a material part of the Premises necessary to the operation of I..e„ee',, business. 3. The lawful assumption by the United States, or any authorized agency thereof, of the operation, control or use of the Airport, or any substantial part or parts thereof, in such a manner as to restrict substantially Lessee from conducting business operations for a period in excess of ninety (90) days. B. Termination by Lessor. This Agreement shall be subject to termination by Lessor in the event of anyone or more of the following events: 1. The default by Lessee in the performance of any of the terms, covenants or conditions of this Agreement, and the failure of Lessee to remedy, or undertake to remedy, to Lessor's satisfaction, such default for a period of thirty (30) days after receipt of notice from Lessor to remedy the same. 2. Lessee files a voluntary petition in bankruptcy, including a reorganization plan, makes a general or other assignment for the benefit of creditors, is adjudicated as bankrupt or if a receiver is appointed for the property or affairs of Lessee and such receivership is nut vacated within thirty (30) days after the appointment of such receiver. C. Excrcisc. Exercise of the rights of termination set forth in Paragraphs A and B, above, shall he by notice to the other party within thirty (30) days following the event giving rise to the termination. LEASE OF KALISPELL CITY PROPERTY - Page 5 of 8 '0,06%3a 5 ► D. Removal of Property. Upon termination of this Agreement for any reason, Lessee; at its sole expense, shall remove from the Premises all signs, trade fixtures, furnishings, personal property equipment and materials, which Lessee was permitted to install or maintain under the rights granted herein. If Lessee shall fail to do so within thirty (30) days, then Lessor may effect such removal or restoration at Lessee's expense, and Lessee agrees to pay Lessor such cxpcusc promptly upon receipt of a proper invoice therefore. E. Causes of Breach; Waiver. 1. Neither party shall be held to be in breach of this Agreement because of any failure to perform any of its obligations hereunder if said failure is due to any cause for which it is not responsible and over which it has no control; provided, however, that the foregoing provision shall not apply to failures by Lessee to pay fees, rents or over charges to Lessor. 2. The waiver of any breach, violation or default in or with respect to tlx; perforniancc or observance of the covenants and conditions contained herein shall not be taken to constitute a waiver of any such subsequent breach, violation or default in or with respect to the same or any other covenant or condition hereof. ARTICLE XHI ARBITRATION Except as provided in Paragraph I of Article V of this Agreement, all claims or disputes arising out of or relating to this Agreement shall be settled by arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association then obtaining. Notice of the demand for arbitration shall be filed in writing with the other party to the Agreement and with the American Arbitration Association and shall be made within a reasonable time after the claim or dispute has arisen. The award rendered by the arbitrators shall be final, and judgment may be entered upon it in accordance with applicable law in any court having jurisdiction thereof. Except by written consent of the person or entity sought to be joined, no arbitration arising out of or relating to the Agreement shall include, by consolidation, joinder or in any other manner, any person or entity not a party to the Agreement, unless it is shown at the time the demand for arbitration is filed that (1) such person or entity is substantially involved in a common question of fact or law; (2) the presence of such person or entity is required if complete relief is to be accorded in the arbitration; and (3) the interest or responsibility of such person or entity in the matter is not insubstantial. The agreement of the parties to arbitrate claims and disputes shall be specifically enforceable under the prevailing arbitration law. Pending final decision of the arbitrator or arbitrators, the parties shall proceed diligently with the performance of their obligations under this Agreement. ARTICLE XIV MISCELLANEOUS PROVISIONS A. Entire Agreement. This Agreement constitutes the entire understanding between the parties, and as of its effective date supersedes all prior or independent agreements between the parties covering the subject matter hereof. Any change of modification hereof must be in writing signed by both. parties. B. Severability. If a provision hereof shall be finally declared void or illegal by any court or administrative agency having jurisdiction, the entire Agreement shall not be void, but the LEASE OF KALISPELL CITY PROPERTY - Page 6 of 8 remaining provisions shall continue in effect as nearly as possible in accordance with the original intent of the parties. C. Notice. Any notice given by one party to the other in connection with this Agreement shall be in writing and shall be sent by regiswrcd mail, return rcccipt requested, with postage and registration fees prepaid: 1. If to Lessor, addressers to - City Manager P.O. Box 1997 Kalispell, NIT 59903-1997 2. If to Lessee, addressed to: Robert Voelker Gateway Hospitality Group 8920 Canyon Falls Blvd., Ste. 125 Twinsburg, OH 44087 (T)440-336-0853 (F)330-405-9898 Notices shall be deemed to have been received on the date of receipt as shown on the return receipt. D. Headings. The headings used in this Agreement are intended for convenience of reference only and do not define or limit the scope or meaning of any provision of this Agreement. E. Governing. This Agreement is to be cunstrucd in accordance with the laws of the State of Montana. IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written. LESSOR: CITY OF KALISPELL 7 es H. Patrick, City Manager LESSEE: KALISPELL JgOTELS, LLO Robert fJoelker, Managing Member f ' / t LEASE OF KALISPELL CITY PROPERTY - Page 7 of 8 d' -> 0() G3 3 53 n- Dated: 11/29/2006 STATE OF Montana ss. COUNTY OF FWbe.-4 On November% 2006, before me a Notary Public, personally appeared James H. Patrick, known ,/- to me --to be the City Manager/of City of Kalispell. Signature of Notarial Officer Notary Public for tf)e,/State of Montana Al Residing in: Commission Expires: x� Page 2 of 2 200633,31 STATE OF MONTANA ss. County of Flathead On this _day of July, 2006, before me, a Notary Public for the State of Montana, personally appeared James H. Patrick, City Manager of the City of Kalispell and proved to me to be the person whose name is subscribed to the within instrument, and acknowledged to me that he executed the same. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year hereinabove first writtcu. NOTARY PUBLIC State of Montana Residing at:�� r My Commission expires: fiTATE OF 1 t ) ss. County of 1 e "-C` ) On this 1'� day of July, 2006, before me, a Notary Public for the State of C k , O , personally appeared Robert Voelker, as managing member of Kalispell Hotels, LLC, a Montana limited liability company, proved to me to be the person whose name is subscribed to the within instrument, and acknowledged to me that he executed the same. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year hereinabove first written. NOTARY PUBLIC State of t; o Residing at•''ka.s.- My Commission expires. Z -1t, a-B u= T,-'- i`--'h`1- C' DENNIS HALLAHAN Notary Public, State of Ohio, Portage Count} My Commission Exoires r=ab. 16, 2010 LEASE OF KALISPELL CITY PROPERTY - Page lof i�.Xtlilil i "H" PURPOSE OF SURVEY: LEASE DESCRIPTIONS DESCRIPTION: FOUR TRACTS OF LAND, SITUATED, LYING, AND BEING IN THE NORTH HALF OF THE NORTHWEST QUARTER OF SECTION 20, TOWNSHIP 28 NORTH, RANGE 21 WEST, P.M.,M., FLATHEAD COUNTY, MONTANA, AND MORE PARTICULARLY DESCRIBED AS FOLLOWS TO WIT: TRACT 1 A portion of Lot 2, Block 1 of AIRPORT ADDITION to Kalispell, a subdivision records of Flathead County, Montana; Commencing at the southeast corner of said Lot 2 which is a found iron pin; Thence S56044' 00"W 42.60 feet to a set iron pin being the TRUE POINT OF BEGINNING of the tract of land herein described; Thence continuing S56°44'00"W 107.54 feet to a found iron pin being the southwest corner of said Lot 2; Thence N32049128"W 149.96 feet to a found iron pin being the northwest corner of said Lot 2; Thence N56°43'33"E 149.17 feet to a set iron pin on the west right-of-way of U.S_ Highway No. 93 being the northeast corner of said Lot 2; Thence S33011'38"E 84.97 feet along said right-of-way to a set iron pin; Thence leaving said right-of-way S56°44100"W 42.60 feet to a set iron pin; Th.enr:e S33°11138"E 65.00 feet to the to the point of beginning containing 0.452 acre (19673 square feet) more or less, subject to and together with all appurtenant casements of record. TRACT 2 BEGINNING at the southwest corner of Lot 2, Block 1 of AIRPORT ADDITION to Kalispell, a subdivision records of Flathead County, mulitaria, which is a found iron pin; Thence S56046' 53"W 149.99 feet to a found iron pin being the northeast corner of a tract of land as shown and described on Deed Exhibit Book 507, page 117, records of Flathead County, Montana; Thence S56047126"W 73.33 feet along the north boundary of said Deed Exhibit to a set iron pin; Thence N33 16'13"W 149.72 feet to a set iron pin on the south boundary of Lot iA of the Resubdivision eL Lot 1, Block 1 AIRPORT ADDITION to Kalispell, a subdivision records of Flathead County, Montana; Thence N56043'33"E 224.48 feet to a found iron pin being the northwest corner of Lot 2, Block 1 of AIRPORT ADDITION to Kalispell, a subdivision records of Flathead County, Montana; Thence S32049'28"E 149.96 feet to the point of beginning and containing 0.770 acre (33550 square feet) more or less, subject to and together with all appurtenant easements of record. TRACT 3 Commencing at the southwest corner of Lot 2, Block 1 of AIRPORT ADDITION to Kalispell, a subdivision records of Flathead County, Montana, which is a found iron pin; Thence S56°46'53"W 149.99 feet to a found iron pin being the northeast corner of a tract of land as shown and described on Deed Exhibit Book 507, page 11"l, records of Flathead County, Montana, being the TRUE POINT OF BEGINNING of the tract of land herein described; Thence S330161131,'E 278.38 feet along the east boundary of said Deed Exhibit to a set iron pin; Thence S56043146"W 13.33 feet to a set iron pin; Thence N3301611.3"w 205.69 feet to a set iron pin; Thence S56"47'24"W 60.00 feet to a set iron pin; Thence N33`'16'13"W 72.71 feet to a set iron pin on the north boundary of said Deed Exhibit; Thence N56047126"E 73.33 fPpt to the point of beginning and containing 0.185 acre (8073 square feet) more or less, subject to and together with all appurtenant easements of record. BEGINNING at the southwest corner of Tract 1 as shown and described on Certificate of Survey No. 17045, records of Flathead Cc Linty, Montana, which is a found iron pin; Thence S56052' 03"W 13.33 feet to a set iron pin; Thence N33016113"W 144.56 feet to a set iron pin; Thence N560'43' 47"E 13.33 feet to a set iron pin on the west bouridciry of said Tract 1; Thence S33°16' 13"W 144. 59 feet to the point of beginning and containing 0.044 acre (1927 square feet) more or less, subject to and together with all appurtenant easements of record.