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Site A-8/Memorandum of Lease/DNRCMEMORANDUM OF LEASE THIS MEMORANDUM OF LEASE memorializes the Hangar Site Lease executed on the 1" day of July 2006 by and between City of Kalispell, a municipal corporation and State of Montana, Department of Natural Resources and Conservation of P.O. Box 201601, Helena, Montana, 59620. LEGAL DESCRIPTION: The real property subject to the lease is that certain premises, not including the improvements built thereon, located at the Kalispell City Airport and specifically described as Site A-8 as shown on Exhibit "A" attached hereto and incorporated herein by this reference, containing 5,400 square feet to consist of 150 percent of the 60 foot by 60 foot building footprint. TERM: The term of the lease is for twenty (20) years commencing on the 1" day of ,July 2006 and ending on the V day of July, 2026. The tenant further has an option to renew the lease for two (2) additional five (5) year terms and shall have an additional right of first refusal for an additional lease of five (5) years. RENT: In the first year of the lease the tenant shall pay the sum of $ 890.00 per year, which sum shall increase 3 % for each succeeding year of the lease. Upon the election of a renewal option, the lease rate shall be renegotiated by the parties. LEASE DOCUMENT: The original of the lease document is on file and can be found in the Office of the City Clerk, 201 First Avenue East, Kalispell, NIT 59901. NOTICES: Landlord City of Kalispell City Manager P.O. Box 1997 Kalispell, rVIT 59903 Tenant State of Montana, Department of Natural Resources and Conservation P.O. Box 201601. Helena, Montana, 59620 Executed this V:� day of August, 2015. CITY OF KALISPELL Z2 By: NWg Russdi, City Manager STATE OF MONTANA, DEPARTMENT F NATURAL RES RCF..S AND C NSERVA ON WUA. Clark STATE OF MONTANA, COUNTY OF FLATHEAD On this �� day of August, 2015, before me the undersigned, a Notary Public in and for the State of Montana, personally appeared Doug Russell, known to me to be the city manager of the corporation whose name is subscribed to the within instrument, and acknowledged to me that such corporation executed the same. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year last above written. Notary Public for the State of Montana JUnt A. FUNK PrinTI Rd Nam +� +r NOTARY atee of Montana e Residing at- _ 8 Residing at Kalispell, Montana My Commission E)cp)ras 1V)Ky.. en miri'ssian expires: �- - - — — _ February 25, 2016 STATE OF MONTANA, COUNTY OF FLATHEAD On this day of August, 2015, before me the undersigned, a Notary Public in and for the State of Montana, personally appeared Sue A. Clark, known to me to be the Chief Business Manager, Bureau of Forestry Division of the DNRC whose name is subscribed to the within instrument, and acknowledged to me that such corporation executed the same. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year last above written. M. WARD �-� COLEEN Notary Public for the State of Molitana En M• dap � KAk/ 4 NOTARY PUBLIC f0rihe Printed Name: f � A �' �° '� State of Montana at Helena, Montana Residing at: My commission expires: _ SEAL s, Pay FOFM Residing My Commission EXplrts March 13, 2016 MEMORANDUM OF LEASE THIS MEMORANDUM OF LEASE memorializes the Hangar Site Lease executed on the V day of July 2006 by and between City of Kalispell, a municipal corporation and State of Montana, Department of Natural Resources and Conservation of P.O. Box 201601, Helena, Montana, 59620. LEGAL DESCRIPTION: The real property subject to the lease is that certain premises, not including the improvements built thereon, located at the Kalispell City Airport and specifically described as Site A-8 as shown on Exhibit "A" attached hereto and incorporated herein by this reference, containing 5,400 square feet to consist of 150 percent of the 60 foot by 60 foot building footprint. TERM: The term of the lease is for twenty (20) years commencing on the lst day of July 2006 and ending on the V day of July, 2026. The tenant further has an option to renew the lease for two (2) additional five (5) year terms and shall have an additional right of first refusal for an additional lease of five (5) years. RENT: In the first year of the lease the tenant shall pay the sum of $ 890.00 per year, which sum shall increase 3 % for each succeeding year of the lease. Upon the election of a renewal option, the lease rate shall be renegotiated by the parties. LEASE DOCUMENT: The original of the lease document is on file and can be found in the Office of the City Clerk, 201 First Avenue East, Kalispell, MT 59901. NOTICES: Landlord City of Kalispell City Manager P.O. Box 1997 Kalispell, MT 59903 Tenant State of Montana, Department of Natural Resources and Conservation P.O. Box 201601 Helena, Montana, 59620 Executed this day of August, 2015. CITY OF KALISPELL By: WVg Russ 1, City Manager STATE OF MONTANA, DEPARTMENT OF NATURAL RESOURCES AND CONSERVATION By: Sue A. Clark STATE OF MONTANA, COUNTY OF FLATHEAD On this k day of August, 2015, before me the undersigned, a Notary Public in and for the State of Montana, personally appeared Doug Russell, known to me to be the city manager of the corporation whose name is subscribed to the within instrument, and acknowledged to me that such corporation executed the same. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year last above written. Notary Public for the State of Montana JUOI A. FUNK Printe dame: Residing at: mission expires: STATE OF MONTANA, COUNTY OF FLATHEAD NOTARY PUBLIC for the GOF State o#Fontana Residingg at Kalispell, Fontana My Commission Expires February 25, 201 & On this day of August, 2015, before me the undersigned, a Not blic in and for the State of Montana, personally appeared Sue A. Clark,�Ivvwt', to me to be the Chief Business Manager, Bureau of Forestry Division of Dwhose name is subscribed to the within instrument, and ackn edged to me that such corporation executed the same. IN WITNESS WHEREOF, I have her o set my hand and affixed my official seal the day and year last above writte . Notary Pub�icrthe State of Montana Printed at: commission expires: EXIMIT "A" > a, > z z k, 1�14i H. �Nx� iv X cmb m F-�—Wt. mtF I KALISPELL CITY AfRPO( AYOUT AIRPORT IMPROVEMENTS