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Home My WebLink AboutORDINANCE 03-93QORDINANCENO.3-93ANORDINANCELEASINGAPORTIONOFTHETOWNOFESTESPARK’SREALPROPERTYWHEREAS,theTownofEstesPark,ColoradoownscertainrealpropertylocatedintheSoutheastportionoftheproperty,commonlyknownasParkingLotNo.2;andIJHEREAS,SurreyRestaurant,Inc.,hasprovidedtheTownofEstesParkandtheEstesParkUrbanRenewalAuthoritywithcertaineasementrightsfortheconstruction,maintenanceandlocationoftheRiverwalkProject;andWHEREAS,inreturnforthoseeasementrights,theTownofEstesParkhasagreedtoleaseacertainportionofitsrealpropertytoSurreyRestaurant,Inc.;andWHEREAS,theboardofTrusteesoftheTownofEstesParkhasdeterminedthatitisinthebestinterestoftheTowntoleasesaidproperty.NOW,THEREFORE,BEITORDAINEDBYTHETOWNOFESTESPARK,COLORADO.Section1.TheBoardofTrusteesoftheTownofEstesParkherebyauthorizestheleasingoftherealproperty,morefullysetforthonExhibit“A”andunderthetermsandconditionsasmorefullysetforthonEzhibit“A”.Section2.TheMayorandTownClerkareherebyauthorizedtoexecutetheLeaseAgreement.Section3.ThisOrdinanceshalltakeeffectandbeenforcedthirty(30)daysafteritsadoptionandpublication.PASSEDANDADOPTEDBYTHEBOARDOFTRUSTEESOFTHETOWNOFESTESPARK,COLORADOTHIS/,5’DAYOF1993.TOWNOFESTESPARKBy:___14yörATTEST:TownClerk 00 6IherebycertifythattheaboveOrdinancewasintroducedandreadatameetingoftheBoardofTrusteesonthej-dayofMareh%tA/1993,andpublishedinanewspaperofgeneralcirculationintheTownofEstesPark,ColoradoonthefdayofMarch,1993.//—c%c-GyTownClerk C2 Exhibit“A”CLEASETHISLEASE,madeandenteredintothis—dayofMarch,1993,byandbetweentheTOWNOPESTESPARK,COLORADO,aMunicipalCorporation,hereinafterreferredtoas“Landlord”andSURREYRESTAURANT,INC.,aColoradoCorporation,hereinafterreferredtoas“Tenant”,andisuponthefollowingtermsandconditions,towit:1.Landlord,inconsiderationofthecovenants,hereinaftersetforthtobepaidandperformedbyTenant,doesherebyleaseuntoTenantpropertylocatedinLarimerCounty,Colorado,legallydescribedasfollows:AtractoflandlocatedintheNEofSection25,T5N,R73Wofthe6thP.M.,LarimerCounty,ColoradobeingmoreparticularlydescribedascommencingattheNortheastcornerofLot6,Block4accordingtothe2ndAmendedPlatoftheTownofEstesPark,ColoradoandwithallbearingscontainedhereinbeingrelativetotheEastlineofsaidLot6consideredasbearingS17°14’39”E;thenceS17°14’39”Eadistanceof148.20feetalongsaidEastlinetotheTRUEPOINTOFBEGINNING:thence827°45’21”Wadistanceof16.20feet;thenceS62°14’39”Eadistanceof16.20feet;thenceN17°14’39”Wadistanceof22.91feettotheTRUEPOINTOFBEGINNING.Tohaveandtoholdtheabovedescribedpremisesforconsecutiveone(1)yeartermscommencingonApril1,1993andcontinuingthereonuntilMarch31,1998.TenantagreestopayasrentalthereforethesumofOneDollar($1.00)peryear,saidsumshallbedueandpayableonthefirstdayofAprilofeachyearofthetermofthisLease.Tenantpromisesthatthepremisesarealsoleaseduponthefurthercovenantsoftenant,towit:1.Tomaintainliabilityinsuranceuponthepremisesintheamountof$150,000.00perindividualand$600,000.00peroccurrenceduringthetermofthisLease.LandlordshallbenamedasanadditionalinsuredonsaidpolicyandTenantshallprovidetoLandlordaCertificateofInsuranceonorbeforeApril1stofeachyearshowingsaidinsurancefortheupcomingyearlyperiod. 00 C2.Topayrentforpremisesashereinafterprovidedpromptlywhendueandpayableandpayallutilityservicestothepremises.3.Tomaintainsaidpremisesandkeepsameingoodrepairandattheexpirationofthislease,tosurrenderupsaidpremisesinasgoodorderandconditionaswhenthesameareenteredupon,lessordinarywearandtearexcepted.4.Tokeepthepremisescleanandorderlyandtoobeyallordinances,regulationsandstatutes.5.Tokeepthepremisesfreeandclearofice,snow,anddebris.6.Toberesponsibleforandtopayfortheremedyingofanyandalldamagedonetothepremisesofwhatsoevernature.Intheeventthepremisesarenotleftinacleanandorderlyconditionordamagehasoccurred,theexpenseofcleaningand/orrepairordamageshallbethatofTenant.7.Tousethepremisesonlyfortheserviceoffoodandbeverage,notincludinganyliquor,beer,wineoranyotheralcoholicbeverage.ITISMUTUALLYCOVENANTEDANDAGREED:1.Noassent,expressedorimplied,toanybreachofanyoneormoreofthecovenantshereinshallbedeemedtobetakenasawaiverofanyproceedingorotherbreach.2.ItisfurthermutuallyunderstoodandagreedthatshouldTenantfailorrefusetopaytherentalwhenthesamebecomesdueorfailtoperformanycovenanthereinagreedupon,thenLandlordmay,withoutbeingobligatedtodoso,terminatethisleaseupongivingten(10)dayswrittennoticetoTenantspecifyingsaiddefault,andifattheendofsaidten(10)dayperiod,Tenantisstillindefault,theleaseshallterminateandLandlordshallbeentitledtoimmediatepossessionofthepremisesandtobringanactionasmayotherwisebeauthorizedbylawtocollectanyamountsduefromTenant.3.IntheeventTenantabandonsorvacatesthepremisesbeforetheexpirationofthetermofthislease,Landlordmay,withoutobligationtodoso,declarethisleaseforfeitedforthwithandmayremovefromthepremisesanyandallpersonalpropertyleftbehindbyTenantandmayplacesuchpersonalpropertyinstorageatTenant’sexpense.4.Intheeventofdefaultbyeitherparty,thenon-defaultingpartyshallbeentitledtoallreasonableattorneys’feesandcourtcostsincurredbyreasonofsaiddefault,includingallreasonableattorneys’feesandcourtcostsincurredinregainingpossessionofthepremises.—2— C) a05.TheconsecutiveoneyeartermsofthisleaseshallautomaticallyrenewunlesseitherpartyshouldgivetheotherpartynoticeonorbeforeMarch1stofanyyearthatsaidpartyintendstoterminatetheleaseattheendofsaidleaseyear.Intheeventeitherpartygivessaidnotice,thisleaseshallterminateonMarch31stintheyearofsaidnotice.6.Thisleasecontainstheentireagreementbetweenthepartiesandmaynotbeamendedunlesssaidamendmentisinwritingandexecutedbybothpartieshereto.INWITNESSWHEREOF,thisLeasehasbeensignedthedayandyearfirstabovewritten.TOWNOFESTESPARKSURREYRESTAURANT,INC.By:LandlordTenant—3— C)