1998 AGN SEP 15 I23 - Laserfiche WebLink

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BEST BEST R KRIEGER ID:909-652-0734 SEP 10'98 12:21 wo.005 P.02 MY OF COLTON LXASE AGREEMENT WITH TIGER RESCUE 1. PARTIES AND DATR. 'Phis Lease Agreement ("Agreement") is made and entered into this 15th day of September, 1998, by and between the City of Colton, a municipal corporation ("Landlord"), and Tiger Rescue", a So l (c)(3) non-profit, mutual benefit corporation with its principal place of business at 1350 do 1370 Agam Manse Rodd, Colton, California 92324 ("Tenant"). Tenant and Landlord may sometimes be referred to herein as the Parties.. 2. RECITALS. 2.1 Landlord is the owner of certain unimproved real property located at 1350 and 1370 Agua Mansa Road, City of Colton, County of San Bernardino, State of California, more particularly. described in Exhibit "A" attached hereto and incorporated herein by reference ("Prorniga ). 2.2 Tenant desires to lease flom Landlord, and Landlord desires to lease to Tenant, the Premises upon the terms and conditions set forth herein. 3. Terms. 3.1 RIGH' OF POSSESSION. Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, the Pretni s on the terms and mulitions homer set forth in this Agreement. 3.2 TERM. The term of this Agreement shall commence ow September 15, 1999 ("Effective Date") and shall end eighty-four (84) months after the Effective ]date ("Initial 'Perm" ), unless terminated earlier as provided herein. 'Tenant may extend the Initial Term of this Agreemma for an additional twenty. -four (24) month term by providing written notice to Landlord of its intent to extend the Initial Term. Said written notice must be received by Landlord at leant ninety (90) days Prior to the end of the Initial Tem. 3.3 RENT. Tenant dmN pay to Landlord, as rent for leasing the Prernisok one hundred and fifteen dollars (S 115.00) per month ("Rent" ). Rent shall be due and payable on l st day of each month, Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent will cause Landlord to incur costs not contemplated by this Agreement, the exact amount of which will be extremely difficult to ascertain. Accordingly, if any installment of But shall not be received by Landlord within twony (20) days after such amount shall be due, Tenant shall pay to Landlord a late charge equal to ten percent (106%) of such overdue amount, as weN as interest on the outstanding amount which shall accrue at the rate of ten percent (10%) per annum. In no event shall the late charge exceed the maximum allowable by law. '(`l1' 9\!;MY\44177