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Resolution - 2006 - 09 - Approve Easement Agreement W/Eagle Water Company Inc., For New City Hall Property - 03/14/2006 RESOLUTION NO. 06-09 A RESOLUTION OF THE CITY OF EAGLE, ADA COUNTY, IDAHO, APPROVING AN EASEMENT AGREEMENT WITH EAGLE WATER COMPANY, INC., FOR THE NEW CITY HALL PROPERTY, A MANAGEMENT LETTER AND ESTOPPEL CERTIFICATE FOR THE NEW CITY HALL, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE SAME; AND PROVIDING AN EFFECT DATE. WHEREAS, the City is desirous of entering into an easement agreement with Eagle Water Company, Inc., management letter and Estoppel Certificate for the new City Hall. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EAGLE, Ada County, Idaho, as follows: Section 1: The Easement Agreement between the City and Eagle Water Company, Inc., attached hereto as Exhibit A and by reference made a part hereof, is hereby approved, and the Mayor and City Clerk are hereby authorized and directed to execute the same on behalf of the City. Section 2: The Management Letter for the new City Hall attached hereto as Exhibit B and by reference made a part hereof, is hereby approved, and the Mayor and City Clerk are hereby authorized and directed to execute the same on behalf of the City. Section 3: The Estoppel Certificate for the new City Hall attached hereto as Exhibit C and by reference made a part hereof, is hereby approved, and the Mayor and City Clerk are hereby authorized and directed to execute the same on behalf of the City. Section 4: This Resolution shall take effect and be in force from and after its passage and approval. DATED this./.!Lii.. day of March, 2006. CITY OF EAGLE Ada County, Idaho By~1: ~ N"" y C:M'rj!ll, Ma'( ATTEST: /!jll~~ ~ k \2.e~'n.4""/--- ....Sharo K. Bergmann, City Cle k Page 1 Afterrecording, please return to: Hawkins Companies LLC 8645 W. Franklin Road Boise, Idaho 83709 Attn. Amanda K. Schaus EASEMENT AGREEMENT (EAGLE WATER COMPANY, INC.) THIS EASEMENT AGREEMENT is made and entered into this ~ day of m ('~ r ch , 2006 ("Agreement"), by and between the CITY OF EAGLE, an Idaho muhicipal corporation ("City"), as grantor, and the EAGLE WATER COMPANY, INC., an Idaho corporation ("Company"), as grantee. The City and the Company may be referred to herein as the "parties" or a "party" as the case may be. RECITALS A. The City owns certain real property known as Block 1, Lot 6 and Block 1, Lot 7, Aquila Village Subdivision filed in Book 82 of Plats at Page 8908 through 8909, Records of Ada County, Idaho, and certain real property adjacent to the west of such above described property as legally described on Exhibit C (collectively "Property"). B. The Property contains an underground fire water main line, a hydrant, and related facilities. C. The Company desires to maintain, repair and operate the fire water main line, hydrant, and related facilities located on the Property in the area legally described on Exhibit A, and as approximately shown on Exhibit B ("Easement Area"). D. The City and the Company desire to create and establish a formal easement for said fire water main line, hydrant and related facilities, and to set forth the manner in which they shall be maintained, repaired, operated and used. AGREEMENT NOW THEREFORE, for valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 1. The City, subject to the terms and conditions hereinafter set forth, hereby grants and conveys unto the Company a non-exclusive easement over, across and under the Easement Area for the purpose of permitting the Company to maintain, repair, use and operate the underground water main line, hydrant, and related facilities ("Easement") over the Easement Area. EASEMENT AGREEMENT - 1 I:\HS LegaJIProj Dir\20806 Eagle City Hall - Construction - Easements\Water Easement (3-J -06) rev.doc 2. The duration of the Easement shall be perpetual unless the City and the Company agree in writing to terminate or abandon this Agreement, and such termination is recorded in the records of Ada County, Idaho. 3. The Easement includes the right of the Company, its agents, employees, contractors and assigns, to traverse the Easement Area with vehicles and equipment to repair, replace, operate or use the above-specified underground sewer line and facilities. The maintenance, repair, and replacement of the water facilities within the Easement shall be at the Company's sole cost and expense. The Easement is subject to all easements, road rights of way and encumbrances of record or appearing on the land. The City shall not erect any buildings within the Easement Area. 4. Except as otherwise set forth in Section 5 below, the Company shall indemnify, protect, save and hold the City harmless from any and all liability for personal injury and property damage resulting from, or in any way connected with, said underground water facilities conducted or located with said Easement Area, except liability for personal injuries or property damage caused solely by the negligence or wrongdoing of the City. 5. The Company shall at all times properly maintain the Easement herein granted, and prevent the same from becoming dangerous and/or unsightly. The City shall save and hold the Company harmless from any damage or disturbance to any of the City's surface improvements that may be caused as the result of the Company's construction or maintenance of the underground water line and facilities. Any necessary repairs to such surface improvements shall be the sole responsibility of the City. 6. The City and the Company acknowledge and agree that the Easement is non- exclusive, and the City, or its successors or assigns, shall be entitled at all times to travel over the Easement Area, make full use of the surface of the Easement Area and conduct any and all activities which it may desire to conduct in the Easement Area provided that same do not unreasonably interfere with the Company's use of the Easement for the maintenance, repair, operation or use of the above-specified underground water facilities. 7. The recitals and exhibits of this Agreement are hereby incorporated herein by reference. This Agreement shall bind and run with the land, and be binding on the successors and assigns ofthe City and the Company. [End of Text; Signature Page to Follow] EASEMENT AGREEMENT - 2 1:\HS LegallProj Dir\20806 Eagle City Hall. Construction - Easements\Water Easement (3-J -06) rev.doc EXECUTED EFFECTNE the date first stated above. GRANTOR: CITY OF EAGLE, an Idaho municipal corporation [ seal] .........."",,, ~...... OF E<4 "'" <I' ~ -{.......... 0 ~ ~.. ~ ,.... .. ~ '10 ! 0l ~'ORl4l'~ \ . . ,9 <to . ~ : . "'" '* . . * . ......... . -: . . . \ ~SEAL'~:oJ ~ .'" ..~o 9. ~ ".~ ..""OR,."t~.. ~ ~ ...... "-1 ....... ~,.. , ...., 1'8 OF \v ~...., ~""........",I 1R~- ~ I~~~ .....Sharon . Bergman, City Clerk GRANTEE: B . I Name: Title: 9", ~IDQio..rr ATTEST: ~~~~ Name & Title: M ."""'-/17C'" R"'-L'-"~ rJr=--#"'.' .n.,y-. Exhibit A - Legal Description of Easement Area Exhibit B - Location of Easement Area Exhibit C - Legal Description of Adjacent Property EASEMENT AGREEMENT - 3 J:\HS LegaJ\Proj Dir\20806 Eagle City Hall - Construction - EasementslWater Easement (3-] -06) rev.doc STATE OF IDAHO ) ) ss. COUNTY OF ADA ) On this !::L- day of Mil ruh , 2006, before me, a Notary Public in and for said State, personally appeared Ml nf"(J C. mlrTI' I , known or identified to me, to be the m[UWV 'of the City of Eagle, an Idaho municipal corporation, thatexecuted the said instrument, and acknowledged to me that the City of Eagle, an Idaho municipal corporation, executed the same. IN W~~~REOF, I have hereunto set my hand and affixed my official seal the day an.~. ~AA. ).lhii'~"lifioa" fim' abo~;"". .~. ...... ~_"'V ,. .......... ....~ . t ... ...-:1 (pf)} _. tlI, " $ \..)." -1, .. 0 ~ '1 ~ : ,. . : ~ u" ~ ~ . UI . =:; ...."'" , - :~i NotaryP licfor r:J.~ :". ...., ...... .. ~ :: u: Oz , ~ :.- S Resldmg at f{U/W. (] .. L. . -....J .:...z;. "" ' ~ ~ ... ~~. 0 $ My commission expires i ::l.3/og ~ If .. ... ~.. ~ ,#. ....... <\v..... ........ S't ~ ."."" 'I ..".. ..,"............. STATE OF IDAHO ) ) ss. COUNTY OF ADA ) On this .i!:L.day of mtlrr;.h ,2006, before me, a Notary Public in and for said State, personally appeared Sharon K. Bergmann, known or identified to me, to be the City Clerk of the City of Eagle, an Idaho municipal corporation, that executed the said instrument, and acknowledged to me that the City of Eagle, an Idaho municipal corporation, executed the same. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year i~tbis'ooujficate first above ...... '.1 '. ~.." oR" * ........ ,f "-.'9 .,...... .... $ O.-::J ,.,17",0- .... ~ · . "' .0\ : r,.; 0" <~ e. ..t". .. ........ '?' I U ....: :~: ~ ~ '<I =u: 0 I. t.,J ee=-l ;.(~? .ci:1 /....: .. ..I.. :\:). ~: ~ ~... ... ~..J' 0 $ #. 't.. ....-t;.. ~ ..., ....... "'v ~ """'" * S't ~ .......... II,.,............. EASEMENT AGREEMENT - 4 I:\HS Legal\Proj Dir\20806 Eagle City Hall - Construction - EasementslWater Easement (3- J -06) rev.doc STATE OF IDAHO ) ) ss. COUNTY OF ADA ) On this ftday of JJj. ,e."L , 2006, before me, a Notary Public in and for said State, personally appeared lfl/'ul j)('~4 Z71 .:fb, known or identified to me, to be the ?lte-S:rJd of the Eagle Water Company, Inc., an Idaho corporation, that executed the said instrument, and acknowledged to me that the Eagle Water Company, Inc., an Idaho corporation, executed the same. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. ~c:ffig Not lPublic for ~J) Residing at ~--< ./ My commission expires Ih 6/1/ II\\\,,""III"""A ~~~:~~~.~.~gt~~ ~ ..- -. ~ ~ ._ e. ~ g l ~OTAR}" -.. ~ ,: : ~ : :*: .... :*= - . . - ~ -.. PUBLIC .: j ~ -.. .- # ~ -. .- ~ ~ ~.....~..~ ~ I'll/ ...n;Cf\Ul'!:;'\\''I: ~""""Il"\\\\~ STATE OF IDAHO ) ) ss. COUNTY OF ADA ) On this .d!!:... day of 11/~1.-- , 2006, before me, a Notary Public in and for , said State, personally appearedl\\ofl"/l(;tv) 'V.eJ:'I.s , known or identified to me, to be the Dft'-~~ofthe Eagle Water Company, Inc., an Idaho corporation, that executed the said instrument, and acknowledged to me that the Eagle Water Company, Inc., an Idaho corporation, executed the same. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. ,1'~E.~ Notary blic for Residing aL ~.z:--; My commission expires / - {. - / / 11\\\\\\""""""11. ~~~i'i' E. HOI I'~ ~ ~~......... (J' ~ ~ ... .... \: g .... ~OTAR}" -.. ~ - . - ~*: .... :*i :: . . = ~ \ PUBLIC .: i ~ .... ..- ~ ~~.. ..~ ...,~ ~1f<F~!\~ ""''''''''"lll\\\\\~ EASEMENT AGREEMENT - 5 I:\HS LegaJ\Proj Dir\20806 Eagle City Hall- Construction - EasernentslWater Easement (3-1-06) rev.doc EXHIBIT A LEGAL DESCRIPTION OF EASEMENT AREA [1 page attached] EASEMENT AGREEMENT - 6 I:\HS Legal\Proj Dir\20806 Eagle City Hall- Construction - Easements\Water Easement (3-1-06) rev.doc Project No. 05-195 February 23, 2006 Description for Eagle Water Corporation A strip ofland located in portions of Lot 6 and Lot 7, Block 1, Aquila Village Subdivision as recorded in Book 82 of Plats at Page 8908, Ada County Records, and a portion of the Southwest quarter of Section 9, Township 4 North, Range 1 East, Boise Meridian, Eagle, Idaho, being more particularly described as follows: Commencing at the southwesterly most comer of said Lot 6, thence along the South boundary line of said Lot 6 South 89057'30" East, 97.35 feet to the REAL POINT OF BEGINNING; Thence leaving said South boundary line North 00002'30" East, 13.94 feet; Thence North 15056'31" West, 299.07 feet to a point on the West boundary line of said Lot 7; Thence continuing North 15056'31" West, 18.79 feet; Thence North 74003'29" East, 5.38 feet to a point on said West boundary line. Thence leaving said West boundary line and continuing North 74003' 29" East, 4.62 feet; Thence South 15056'31" East, 319.26 feet; Thence South 00002'30" West, 15.34 feet to a point on said South boundary line: Thence along said South boundary line North 89057'30" West, 10.00 feet to the Point of Beginning. Containing 3,332 square feet, more or less. EXHIBIT B LOCATION OF EASEMENT AREA [1 page attached] EASEMENT AGREEMENT - 7 I:\HS Legal\Proj Dir\20806 Eagle City Hall - Construction - Easements\ Water Easement (3-1-06) rev.doc EAGLE WATER COMPANY EXHIBIT "B" NEW EASEMENT - - - - - - - - - - - - - - - - -- --, ... oc,-t- ",<t- , 'O\;,,~ ~ 1. -,I\\;~ ,,0 0\"~-,I\S\O ~a ro'V\ S0 NEW EAGLE CITY HALL \ Oc,-t- "'~ 'O\; ,,~ ~ \:). -,I\\;~ ,,0 0\":-,I\S\O ~a ro'V\ S0 ~ I I -----1 : NO' , OnE \ I ~SW COR. 13.g4'~ \ \ SOO'02'30"W _ _ _ _ _ -b--=. ~T_5 _T_ ~POB~~5.3~ -B"W- L EXI_ _G _ J I. 1-----;7~;'---.1 ~--- ------ -- I 1Q~ . ~ N t -..-+_J__ EXHIBIT C LEGAL DESCRIPTION OF ADJACENT PROPERTY [2 pages attached] EASEMENT AGREEMENT - 8 I:\HS Legal\Proj Dir\20806 Eagle City Hall- Construction - Easements\Water Easement (3-1-06) rev.doc 8< \-\ I IS IT .C' To 'C1\s.t>I'Y\~t-JI Ac:'tc€M'\2.1J1 A ~rI:d of 1~d ~"in9 a port1C11 DC the 'II 1/4 or S..cc.l.on 9. T. IN.. Jr.li., . .11., E'qle, Ad. County. Id."o and "'''1''' p.arl:icoululy 4cKdbecl U Eo11o_, I!e,u>nill, at . ra:i1rNd splta lIIarllinq t.he Nor-LlNnt <:orner lit the laid 511 1/t oC S.l:t~ 'iI; tt\,nco Horth 15'.~II'OZ" t&lIt 2..~.l4 t..t IlofllJ thl! Northe..ly boundary ot the ..i4 III 1/4 of Sllction 9 to a be-us Calt .arkinq tho NorthllUt c:orner oE tM 5otj.d SII 1/4 oE S.~tLOIl '; ~e""" S....th oeCl'iC- w".c. 1.716.74 t""t .101\9 the Eastee-ly boundary of the said $V 1/4 01 S.'tiOll 9 to 1IA iron pin ...,.kLng . paiM oE b"9inni".. aC curVe an the Nort....rly .rigbt...t_ay u"" DC State Hl9h".y No. 44; tkenc. Nort~esterlr alonG the said Northerly ri9h~-0(-...y.11n. of Stitt HiljlhJ&Y No. 44 don9 . curve to the ll!lt 560.3'.1 r..t, uid curve )\.avinq .. ctntrd .an'll. of 4.411'4'", .. udius oC 6,671.05 Ce"t. tangentl o! 2150.3& feet and a 10n9' c:Jord or 560.ZJ re"t. bearing North "S.4~'4l" Weat to .. point on Cr'UY'f', also uid point baillIJ thl! REAr. f'OlNr OF .II&GIIIJIINc;: . thcr.ee continOlil\q 7oIorU,.,uter.lr dOIl'il the uid Korth~rly riQht-or."..y line DC State HighwaY'Ko. 44 alor.q.. cruve to the tete'!]g.]3 Eee~. said curve having. cent...I. ....qle or 1.11'ta~, a r..diur: oC 6..,1.05 flfet. tolngf'nts DC 10'1.&7 Ceet and a Lonlil chord of U'.]3 reet bellring Nortl, ".47'59" West to an iron pin ~rking a point DC .n~inlil of curve, vh:ch i. .1'0 . point of beqinnirg of curv.; thence North..sterly ..lon9 .. curve to' th. I.U 1S. lZ leat, ...14 curve h4ving .. . cent...l .nlJ~c .E 100.16'0'''. .. r..diu. of 20. DO (eet, L"Allent:! of 24.09 feet and.. 10..q el\ord of 30.75 [Nt be.r-ing Nor-lh ~O.lIl'l)4M E.s~ tl> An i.un ?in ....rki.:.g a poi.nt of tllng..nt: t..hca.ce )Cairo.. 0.00.00" E~sl: 140...22 lece ':.f)....n i.con pin; J t~en~~ South ~O.OO'OOM U~.t 165.00 (ee~ lo en iron pin aarklD9 . point on ~be c..s~erlr r..;ht-o{-...er an. ..t Stierll~n "'afi tne:.cf' ~ort~ O.OO'OD- [.\~r. 71.40 (eeL ,don9 t"" s.jd r..tcrly ,.tqht-oC- C:"j. l;n~ of StiC(~h lIay to In iton pin ...rkinq.. poi.nt or c:u..ve; I . t~.nce N~rthwe$terlY .101'9 t~e ~..id E4sterly right-of-vIY line DC Stiermdn 'IllY .10"9 .. curve to the le't S4.91 r".t. s~id coucv. h...i"\I . ."".r.1 Angle o~ IS.OQ'I;JC". . radlu.. or 210.CD '"ct. t..Dven.., or Z7.55 E.et and. lon!) chord oC ..4.aZ fooet beartn9 N:>r-th 7.)(1'00" W.st ta I" irOll pin. lI.rltin9 a poinL Df ta"9..nl, I'age 1 of 2 ~ ~ ~henc:e Hortb 1S.oo'O~" "'ast 278,llJ hat alO/lC1 the S111d tuterIy ri;ht- of.......y .lint' of Stier",." lilY to an iron pin .....Il1nljl . point oC Curve r ~en~~ North~est.rly Il~g the a.1d E.lt~ly rf;ht-ot-vIY li~ of Sticrmln Vat .1o~ .. curve [0 the laCt 45.68 Ceel, said c~rv. navin9 a centra] .nv1c of 11~lZ'SOft. a r.~iu. of Z30.00 Ie", tingcnta of 22.92 Celt Iftd . lonV chord oC ,~,61 ftlt bunnq North 20141'25" lIt_t to u irC)DpiD ..arking the $_tb~ut~..17 cornu' ot Lot 1 of Bloc:1t 1 ,,1 ElvIe VJl1009C SY8rUvlsJon. III 1..11d Cor r..cord in thl ofl~c.. ot tbe Ada Countr alcorder, Boi,e, Id&ho in Book ~ of Plats It pi". 3304 &nd 330$; thlnee Nortb &113Z'20. East 30.60 Ceet Cfo~oOrlr described as JO.02 CI.t) d~O tl>e $ouU>e.rly Ooundary DC the uie! ~gl. Villlgl S\lbcUvldon to. point; t~ne. South &4128'SO. EI.t 201.19 fetl al0ft9. thlslid Southerly boundary of tb. k'IJu "U1A~ $ubcllvi_~oD te, I poillt.1 t..nce North 19.5a'~s. East 161.Z7 feet a10no the ..1d sQUth.rly bouDdary oC the ~9le Vj.lla'ge S"cUvialon to I point: u.anca S~h D.DO.ItOI WUt 3Q5.08 1.lt to. plllAt; U.Che. SouUa 90.00'110" ""It IS.00 r'll t.. I poM\h thine:. South 0.00'00- "..~ 3lf." C..t. to thl' point DC b.Ginning. c_. pr-::si"9 l.ll) IlcreS. ..ore or 1.... ~ ~ Page 2 01. 2 Mayor: Nancy C. Merrill CITY OF EAGLE P.O. Box 1520 Eagle. Idaho 83616 939.6813 Council: Stanley J. Bastian Phil Bandy Steve Guerber Scott Nordstrom March 14, 2006 Pam Reinert American Equity Investment Life Ins, Company 5000 Westown Parkway, Suite 440 West Des Moines, IA 50265 Re: Eagle City Hall 660 East Civic Lane Eagle, ID 83616 Dear Pam: This letter is to inform you that the above referenced property is self-managed by The City of Eagle, an Idaho Municipal Corporation. ~ncerelY, 1///}Al~ }~ ~:r;~. ~~l ' M~or NCM/skb cc: City Council City Attorney ESTOPPEL CERTIFICATE To: American Equity Investment Life Insurance Company P. O. Box 71216 Des Moines, Iowa 50325 Attn: Mortgage Loan Department Re: Lease dated May 16, 2005 Ladies and Gentlemen: The undersigned ("Tenant" or "City of Eagle") has executed and entered into that certain lease agreement, dated May 16, 2005, with Hawkins-Smith Eagle Hall LLC, as landlord (referenced herein as "Hawkins-Smith" or "Landlord"), as amended by the First Amendment to Office Lease, dated October 25, 2005 (the "Lease"), which Lease is attached hereto as Exhibit "A" and made a part hereof for all purposes with respect to the land described in Exhibit "B" attached hereto and he Building and improvements thereon (the "Premises") located in Eagle, Ada County, Idaho. Tenant understands that American Equity Investment Life Insurance Company ("Lender") shall be lending funds (the "Loan") to Landlord, which Loan will be secured by a deed of trust on the Premises. 1. With respect to the Lease and the above-referenced loan transaction, Tenant represents and warrants to Lender as follows: (a) A true and correct copy of the Lease and all amendments thereto is attached hereto as Exhibit "A." The Lease is in full force and effect and has not changed except as indicated on Exhibit "A." (b) The land described on Exhibit "B" is owned by the City of Eagle and leased to Hawkins-Smith under a Ground Lease, dated May 16,2005. (c) Tenant will occupy and accept the Premises and the Building no later than April 1, 2006, which covers approximately 13,005 square feet of rentable area. The commencement date of the term of the Lease will be April 1, 2006, and the Lease will expire on September 30, 2006, unless it is sooner terminated as provided for in the Lease. Tenant has the right to renew the Lease annually for periods of one (1) year each for up to fifty (50) additional years. Tenant continues to occupy the Premises as of the date hereof. (d) The Lease represents the entire agreement between Landlord and Tenant relating to the Premises (other than the Ground Lease), and specifically, Tenant is not permitted any rent holiday, rental concession, rebate of rent, or other offset or credit against rents except as provided for in the Lease. (e) Landlord has complied with all of its construction and other obligations under the Lease to this date, and Tenant is fully obligated to pay rent and other charges due thereunder as of April 1, 2006, and is fully obligated to perform, and will perform, all of the other obligations of Tenant under the Lease without right of counterclaim, offset, or defense. (f) Tenant's current annual base rent is $240,592.50 per year, payable in equal monthly installments of $20,049.38. Tenant will make all rent payments and other charges due under the Lease commencing on April 1,2006. To Tenant's knowledge (i) neither Landlord nor Tenant is in default in any respect under the Lease, and (ii) no condition exists, which with the passage of time or the giving of notice, or both, would constitute a default under the Lease. (g) Tenant has paid in full for all labor and materials and other services in connection with Tenant's construction work and Tenant's other work on the Premises, so that no lien by reason thereof may attach against the Premises. (h) Hawkins-Smith is not in default under the Ground Lease. If and when the City of Eagle notifies Hawkins-Smith of a default or claimed default by Hawkins-Smith under the Ground Lease, the City of Eagle shall send a copy of the written notice or a written explanation of any oral notice (the "Notice") concurrently therewith to Lender. Lender shall be permitted to remedy any such default or claimed default specified in the Notice within an equal period of time, commencing on the date Lender receives or is deemed to have received such notice, that Hawkins-Smith would be permitted to remedy same pursuant to the Ground Lease. Notwithstanding the foregoing, Lender shall have a minimum of thirty (30) days after its receipt of the Notice to remedy the default or claimed default; provided, however, where such a default cannot be remedied with reasonable diligence by Lender within thirty (30) days, Lender shall have such additional time as is reasonably necessary to remedy the default with reasonable diligence and continuity. Any notice or communication required or permitted hereunder to be given to Lender shall be effective only if given in writing, signed by the party giving such notice, and delivered either personally to such other party, or sent by nationally recognized overnight courier delivery service or by certified mail of the United States Postal Service, postage prepaid, return receipt requested, addressed to Lender as follows (or to such other address or person as Lender may by written notice to the City of Eagle specifY): American Equity Investment Life Insurance Company Mailing address: P. O. Box 71216 Des Moines, IA 50325 Attention: Mortgage Loan Department Delivery address: 5000 Westown Parkway, Suite 440 West Des Moines, IA 50266 Attention: Mortgage Loan Department (i) Tenant has not made any prepayment of rent or other charges in advance except for the monthly payments for the current month or payment of rent for the next ensuing month. Tenant will not pay rent for more than one month in advance without Lender's prior written consent. G) No security or other deposit has been paid by Tenant with respect to the Lease. (k) Tenant does not know of any assignment, hypothecation, or pledge of the Lease or of the rentals thereof other than an assignment referred to in paragraph 2 below. 2. Tenant acknowledges that Landlord will execute an Assignment of Landlord's interest in the Lease to Lender in connection with the Loan by Lender to Landlord. 3. This instrument shall be binding upon Tenant and shall inure to the benefit of Lender and its successors and assigns. 4. The person executing this instrument on behalf of Tenant is authorized to do so. 5. Tenant acknowledges and agrees that Lender may rely and is relying on this letter for all purposes, including making the Loan, provided that Lender acknowledges that Tenant has made this Estoppel based on the best of its knowledge at the time of execution of this Estoppel, that construction of the Premises and Building is ongoing at the time of Tenant's execution of this Estoppel, and that Tenant may have punch-list and/or other issues regarding acceptance of the Premises that may affect the statements made herein. EXECUTED on 3-// ,2006. TENANT: CITY OF EAGLE, an Idaho municipal corporation ATTEST: 1Q~k\~ VShaton K. Bergmann, City Cl rk EXHIBITS: A - Lease B - Legal Description EXHIBIT" A" Lease FIRST AMENDMENT TO OFFICE LEASE THIS FIRST AMENDMENT TO OFFICE LEASE is made the~ day of rool-e> /0..0- ,2005 ("Amendment"), by and between HAWKINS-SMITH EAGLE HALL LLC, an Idaho limited liability company ("H-S") and CITY OF EAGLE, an Idaho municipal corporation ("City"). H-S and the City may be referred to herein as the "parties" or a "party", as the case may be. RECITALS A. H-S, as Landlord, and the City, as Tenant, entered into that certain Office Lease dated May 16,2005 ("Lease") for certain property and improvements as defined more specifically therein as "Premises". Any capitalized terms not defined herein shall have the same meanings as in the Lease. B. The parties desire to amend the Lease to accommodate the increased square footage of the Building, to adjust the purchase price due to increased square footage, to provide a mechanism for adjusting the purchase price in the future. and to address the budget for landscaping, based on the terms and conditions stated herein. AGREEMENT NOW THEREFORE, for valuable consideration, the parties do hereby agree as follows: 1. Increased Square Footage of Building. The final square footage of the Building. as measured by the foundation. is 13,005 square feet. Thus, the Lease is hereby amended as follows: In Basic Lease Information, Section 4, "12,762" is hereby deleted and replaced with "13,005". In Exhibit B, the paragraph titled "Improvements", "12,762" is hereby deleted and replaced with "13,005". 2. Adiustment to Purchase Price Regarding Square Footage. As described in the Lease, the City has an option to purchase the Improvements constructed by H-S. The parties acknowledge that the purchase price for the Improvements is based, in part. on H-S's cost for constructing the Building and related site improvements, and that the cost has increased based on additional square footage. FIRSTAMENDMENTTOOFFICE LEASE Page I 1:IProject Directory\20802 Eagle City Hall- Leases with City of EaglelFirst Amendment to Office Lease (10-25-05 FinaI2).doc Thus, Exhibit D of the Lease is hereby deleted and replaced as follows: "Lease Year Purchase Price I 2 $2,505,687 $2,485,687 $2,465,687 $2,445,687 $2,415,687" ., .) 4 5 - SO 3. Adiustment to the Purchase Price Regarding Increased or Decreased Costs. The parties acknowledge that increased costs in additional materials and site improvements (as caused by the City), also result in increasing H-S's cost to construct the Improvements over its original budget. The parties agree that any such increase in costs (as caused by the City) shall increase the purchase price in Exhibit D of the Lease, by the actual amount of such costs, unless the City agrees to pay for such additional costs out of pocket. If the City causes a cost savings by reducing the overall project quality or quantity of materials and/or site improvements, the purchase price in Exhibit D shall be reduced by the actual amount of such cost savings. Thus, Exhibit B of the Lease, the paragraph titled "Change Orders" is hereby amended by adding the following sentences at the end: "Tenant may elect to pay for any additional costs out of pocket, which payment shall be prior to the Rent Commencement Date. If Tenant pays additional costs out of pocket. the Rent shall not be increased for such costs. Additionally. as with the Rent, any cost increase by the City or cost savings by the City (due to a reduction in the overall project quality or quantity of materials and/or site improvements) shall adjust the purchase price of the Improvements contained in Exhibit D upward or downward in the actual amount of such cost excess or savings." 4. Landscaping. Exhibit B of the Lease is hereby amended by adding the following paragraph at the end: "Landscaping. The original amount budgeted for landscaping, based on the City's RFP, was $70,000. The parties acknowledge that the landscape scope has increased from the RFP. The City agrees to pay to Landlord, out-of pocket, for any and all additional "landscape costs" over $87,000, prior to the Rent Commencement Date. As used herein, "landscape costs" shall be all costs for landscape items, including but not limited to, the following: sod, trees, plants, irrigation system, top soil, fine grading, mulch, soil additives, decorative mounds, the design, installation and "as built" verification of the irrigation system, the fabric and rock in the north swale area. brick pavers in the entrance island, and bollards." FIRST AMENDMENT TO OFFICE lEASE Page 2 IIProject Directory\20802 Eagle City Hall - Leases with City of EaglelFtrst Amendment to Office Lease (10-25-05 hnal2) doc 5. Full Force and Effect. Except as modified herein, all terms and conditions of the Lease shall remain in full force and effect. In the event of any conflict between the Lease and this Amendment, this Amendment shall control. [End of Text; Signatures to Follow] FIRST AMENDMENT TO OFFICE lEASE Page 3 I:IProject Directory\20802 Eagle City Hall- Leases with City of EaglelFirst Amendment to Office Lease (10-25-05 Final2) doc IN WIlNESS WHEREOF, the parties hereto have executed this Lease as of the date first above written. LANDLORD: Hawkins-Smith Eagle Hall LLC, an Idaho limited liability company By: Hawkins-Smith Management, Inc., an Idaho "/~ Manager By: ~2~ Robert L. Phillips, President /o/;?r/<SJ , Date: TENANT: City of Eagle, an Idaho municipality By: Its: ATTEST: [seal] Date: 5.-v? ]) 1l G-+-<L- ~ t ~P~4TV>-'" Shar0I1'K. Bergmann, City lerk Date: /tJ-;Z~-o? FIRST AMENDMENT TO OFFICE LEASE Page 4 1:IProject Directory\20802 Eagle City Hal\- Leases with City of EaglelFirst Amendment to Office Lease (10-25-05 Final2) doc OFFICE LEASE BASIC LEASE INFORMATION 1. Effective Date: Mp}..l~_cU()(' , which is the date of the last signature on this Lease ~ for its full execution. The Lease's obligations and liabilities are in full force and effect as of the Effective Date. 2. Landlord: Hawkins-Smith Eagle Hall LLC, an Idaho limited liability company 3. Tenant: City of Eagle, an Idaho municipal corporation 4. Building: Eagle City Hall, a one story building of approximately 12,762 square feet of gross leasable area 5. Premises: The real property shown on the site plan attached hereto as Exhibit A, and legally described on Exhibit A-I. containing approximately 12,762 square feet of gross leasable area for the Building and site improvements (collectively "Improvements"). The real property and Improvements shall be the "Premises" as used in this Lease. 6. Lease Term 1 year 7. Rent Commencement Date: The Rent Commencement Date shall be on the date that Landlord delivers the Building "substantially complete" to Tenant, as defined in Section 3.b. 8. Rent: $18.50 per square foot, based on the Building described in Exhibits B, B- 1, B-2, and B-3 ("Landlord's Work" and/or "Exhibit B"), plus all Operating Costs, as defined herein. Rent may be adjusted up or down based on Exhibit B. 9. Landlord's Work: As described on Exhibits B, B-1, B-2, and B-3. 10. Purchase Option: Tenant shall have the option to purchase Landlord's interest in the Improvements upon ninety (90) days written notice, and pursuant to the procedures set forth in Section 32. OFFICE lEASE L:\Project Directory\20802 Page 1 Eagle City Hall - leases with City of EaglelLease - Office - Final.doc 11. Notice Addresses: For Landlord: Hawkins-Smith Eagle Hall LLC 1951 S. Saturn Way, Suite 100 Boise, Idaho 83709 Ph. (208) 376-8521 Fx. (208) 376-6804 Attn. Property Management & Legal Counsel For Tenant: City of Eagle 310 East State Street Eagle, Idaho 83616 Premises Address: 660 E. Civic Lane Eagle, Idaho 83616 12. Use: Tenant shall use the Premises for a City Hall for the City of Eagle, Idaho, office uses, municipal, and governmental and quasi-governmental uses, and for no other purpose unless Tenant obtains Landlord's prior written consent. The foregoing basic lease information (the "Basic Lease Information") is incorporated in and made a part of the Lease to which this Basic Lease Information is attached. If there is any conflict between the Basic Lease Information and the Lease, the Basic Lease Information shall control. OFFICE LEASE l:\Project Directory\20802 Page 2 Eagle City Hall-leases with City of EagJelLease - Office - Final.doc OFFICE LEASE THIS OFFICE LEASE ("Lease") is entered into by and between Hawkins-Smith Eagle Hall LLC, an Idaho limited liability company ("Landlord") and City of Eagle, an Idaho municipal corporation ("Tenant"), as of the Effective Date. 1. BASIC LEASE INFORMATION. The Basic Lease Information attached hereto is expressly incorporated into and made a part ofthis Lease. Any line items or other defined terms contained therein shall be considered defined terms hereunder. 2. PREMISES. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Premises upon and subject to the terms, covenants and conditions herein set forth. Landlord and Tenant acknowledge that Landlord is leasing the real property upon which the Premises is located pursuant to a Ground Lease dated concurrently herewith ("Ground Lease"). Tenant agrees and acknowledges that in the event the Ground Lease is terminated, expires, or is not renewed, for any reason, this Lease and the Lease Term shall automatically terminate concurrently with the Ground Lease and without further action by Landlord or Tenant, except that the parties shall follow the provisions in this Lease regarding termination/expiration of the Lease Term herein. 3. TERM. a. Lease Term and Option Terms. Except as otherwise provided herein, the initial Lease Term shall begin on the Rent Commencement Date, and shall expire on September 30 of the then current "Fiscal Year", as defined below. The next Lease Term shall then commence upon the start of the next consecutive Fiscal Year. After the full first Lease Term, Tenant shall have forty nine (49) one (I) year options to renew the Lease Term. The initial Lease Term and the Lease Term, and any successive Lease Terms may be referred to herein as "the "Term" "a Term", or "each Term." Tenant's option to renew are effective only so long as Tenant is not in default of the Lease terms and conditions. As used in this Lease, "Fiscal Year", "Lease Year" and "Lease Term" shall mean the calendar year October 1 through September 30, except in the case ofthe initial Fiscal YearILease YearILease Term, which shall be a partial calendar year as described above b. Delivery of Premises. Landlord shall deliver the Premises upon the substantial completion of Landlord's Work. For purposes of this Lease, the terms "substantial completion" or "substantially complete" shall mean such date when occupancy of the Premises is permitted by the appropriate governmental authority pursuant to Landlord's application for a certificate of occupancy, and Landlord has reasonably determined that the Improvements have been substantially completed to the extent necessary to enable Tenant to occupy the Premises and to install its furniture, fixtures and equipment therein, as more specifically described in Exhibit B ("Tenant's Work") without unreasonable impairment or interference by Landlord, but subject to "punchlist" items, the completion of which will not unreasonably interfere with Tenant's Work. Within thirty (30) days from the Rent Commencement Date, Tenant will provide the Landlord with the "punch list", Landlord will complete (or repair, as the case may be) the items on the OFFICE LEASE l:\Project Directory\20802 Page 3 Eagle City Hall - leases with City of Eagle\lease - Office - Final.doc "punch list" with commercially reasonable diligence and speed. Tenant agrees to furnish, fixturize, and open as a City Hall after delivery of the Premises. c. Renewal of Lease Term/Nonappropriation. If, in any Fiscal Year, the governing body of Tenant specifically appropriates sufficient funds to make the Rent payments due under this Lease in any fiscal Year in the annual budget approved by its City Council, this Lease shall be considered renewed by Tenant for another Lease Term. If, in any Fiscal Year, the governing body of Tenant fails to specifically appropriate sufficient funds to make the Rent payments due under this Lease in any Fiscal Year in the final budget approved by its city council, an event of nonappropriation ("Event of Nonappropriation") will have occurred, and this Lease will terminate effective as of end of the Fiscal Year in which nonappropriation occurred ("Termination Date"). Tenant agrees to provide Landlord as much notice as possible that Tenant may not renew the Lease in the annual budget for any Fiscal Year. Tenant will be obligated to pay all Rent due under the Lease until such Termination Date, and shall leave the Premises as required in Section 10.a. In the event of any Rent, including but not limited to taxes and/or utilities, that are due and owing under the Lease but have not been paid by Tenant as of the Termination Date, or any amounts Tenant has pre-paid under the Lease, such amounts shall be pro-rated based on the calendar year in which the Termination Date occurs, and paid within thirty (30) days after the Termination Date. Landlord and Tenant expressly agree and acknowledge that an Event of Nonappropriation for this Lease as discussed herein will not affect any rights of Landlord under the Ground Lease in any way. Upon such Termination Date, Landlord shall have the right to take possession of the Building. Nothing in this Section or elsewhere in this Lease will be deemed in any way to obligate Tenant beyond its current Fiscal Year. If the Tenant fails to perform under this Lease in the event of Nonappropriation, makes the payments as specified above and relinquishes the Building as provided in this Section, the Tenant shall have no further liability to Landlord. Any termination of the Lease provided herein, or otherwise in this Lease, shall not in any way operate to terminate Landlord's Ground Lease. 4. ACCEPTANCE OF PREMISES. Landlord or Landlord's agents make no representations or promises, or express or implied warranties as to any matter whatsoever, with respect to the Premises or this Lease except as expressly set forth in this Section. Landlord represents and warrants its labor and installation on the Premises shall be conducted in a good and workmanlike condition for a period of one (1) year after substantial completion of the Building. Under no circumstances will Landlord be liable for actual, special, incidental, consequential or other damages of or to Tenant or any other entity arising out of or in connection with the maintenance, use or performance of the Improvements. The taking of possession of the Premises by Tenant shall be conclusive evidence that Tenant accepts the same subject to "punch list" items as discussed in Section 3.b, that the Premises is suited for the use intended by Tenant, and that it is in good and satisfactory condition at the time such possession was taken, subject to the completion of the "punch list" items. OFFICE LEASE L:\Project Directory\20802 Page 4 Eagle City Hall. Leases with City of Eagle\lease - Office - Final.doc 5. RENT. a. Rent Payments. Upon the Rent Commencement Date, Tenant shall pay the Rent to Landlord in advance on the first day of each calendar month during the Term. The parties acknowledge that the Rent amount may be adjusted pursuant to Exhibit B. If the Term commences or ends on a day other than the first day of a calendar month, then the rent for the months in which this Lease commences or ends shall be prorated (and paid at the beginning of each such month) in the proportion that the number of days this Lease is in effect during such month bears to the total number of days in such month. In addition to the Rent, Tenant agrees to pay Operating Costs (as defined in Section 6), and all other sums due under the Lease. All Rent shall be paid to Landlord, without prior demand and without any deduction or offset, in lawful money of the United States of America, at the notice address or to such other person or at such other place as Landlord may from time to time designate in writing. As used herein, except for the purpose of the nonappropriations provisions in Section 3.c, Rent shall be deemed to include any and all expenses due and owing under the Lease. This Lease is intended to be an absolute net lease, with Landlord responsible for no costs or expenses whatsoever relating to the Premises during each Term of the Lease. b. Late Charge. If Tenant fails to pay any Rent, within ten (10) days after the same is due, then Tenant shall pay to Landlord a late charge equal to five percent (5%) of the amount so payable. In addition, all Rent hereunder, if not paid within ten (10) days after such amounts are due, shall bear interest from the due date until paid at the rate of twelve percent (12%) per annum. c. Appropriations. In the event Tenant's governing body fails to appropriate sufficient funds to fully fund all of Tenant's obligations to make Rent payments hereunder for the next Fiscal Year, then Tenant will immediately notify Landlord of its assignee of such occurrence, and Tenant's right to possess the Building will terminate as of the Termination Date. Landlord's remedies will be limited to recovery of only the funds appropriated for Rent for the then Fiscal Year. Tenant agrees, for each Fiscal Year in which the Rent is scheduled to be made, to the extent funds have been appropriated for the current Fiscal Year, it will make all such Rent payments; and that if sufficient funds are appropriated and budgeted by it for the next Fiscal Year for the Lease, then the Term of this Lease will continue and be effective for that Fiscal Year. 6. OPERATING COSTS. In addition to the Rent, Tenant shall pay for all "Operating Costs" of the Premises for the Term of the Lease. "Operating Cost(s)" shall mean all expenses incurred in maintaining, owning, operating and repairing the Premises and the personal property used in conjunction therewith, and access to or from public roads to the Premises, including, but not limited to expenses incurred for: property taxes (either real property taxes or personal property taxes); utilities for the Premises, including but not limited to electricity, power, gas, steam, oil or other fuel, water, sewer, lighting, heating, air conditioning and ventilating, electricity and gas for the Premises, permits, licenses and certificates necessary to operate, manage and lease the Premises; insurance that Landlord and Tenant are required to carry pursuant to this Lease; supplies, tools, equipment and materials used in the operation, repair and maintenance of the Premises; accounting, legal, inspection, consulting, and other services; OFFICE LEASE l:\Project Directory\20802 Page 5 Eagle City Hall - Leases with City ofEaglelLease - Office - Fina1.doc equipment rental (or installment equipment purchase or equipment financing agreements); management agreements (including the cost of any management fee actually paid thereunder and the fair rental value of any office space provided thereunder, up to customary and reasonable amounts); payments under any easement, operating agreement, declaration, restrictive covenant, or instrument pertaining to the sharing of costs in any planned development or similar arrangement; ground lease, rent and other payments; operation, repair, and maintenance of all systems and equipment and components thereof (including replacement of components), including but not limited to, any heating and ventilating equipment; alarm and security service; exterior window cleaning; trash removal; cleaning of walks, parking facilities and Building walls; maintenance and replacement of shrubs, trees, grass, sod and other landscape items, irrigation systems, drainage facilities, fences, curbs, and walkways; re-paving and re-striping parking facilities; and roof repairs and replacement, and any and all costs and expenses due to access easements benefiting the Premises, including, but not limited to costs of replacement, maintenance, repair and snow removal for any private roads providing ingress and egress to the Premises. 7. USES; HAZARDOUS SUBSTANCES. a. Use. Tenant agrees that it will continuously during the Term use the Premises for the use set forth in the Basic Lease Information and for no other business or purpose, without Landlord's written consent. Tenant shall pay all expenses, costs and fees associated with its use of the Premises. On the Rent Commencement Date, Landlord shall provide the Premises in compliance with all local, state or federal laws, statutes, ordinances and governmental rules, regulations or requirements now in force including, without limitation, the Americans with Disabilities Act, 42 U.S.C. S 12101 et seq. and any governmental regulations relating thereto, including any required alterations for purposes of "public accommodations" under such statute. Tenant shall not use or permit the Premises to be used in any manner nor do any act which would increase the existing rate of insurance on any portion on the Premises or cause the cancellation of any insurance policy covering the Premises, nor shall Tenant permit to be kept, used or sold, in or about the Premises, any article which may be prohibited by the standard form of fire insurance policy, unless Tenant obtains an endorsement to the policy allowing such activity. Tenant shall not during the Term (i) commit or allow to be committed any waste upon the Premises, or any public or private nuisance in or around the Premises or the Premises, (ii) allow any sale by auction upon the Premises, (iii) place any loads upon the floor, walls, or ceiling of the Premises which endanger the Premises, (iv) use any apparatus, machinery or device in or about the Premises which will in any manner damage the Premises, (v) place any harmful liquids in the drainage system or in the soils surrounding the Premises, (vi) obstruct the sidewalks or parking area on the Premises by placing any item thereon (except vehicles in a parking area) without Landlord's prior written consent; or (vii) commit or allow any use that violates recorded or unrecorded agreements affecting the Premises, including, but not limited to, the Ground Lease. Additionally, Tenant agrees to comply with all laws, rules and regulations with respect to the use, maintenance and operation of the Premises. b. Hazardous Materials. Tenant shall not generate, use, manufacture, keep, store, refine, release, discharge or dispose of any substance or material that is described as a toxic or hazardous substance, waste or material or a pollutant or contaminant by any federal, state or local law, ordinance, rule or regulation now or hereafter in force, as amended from time to time, OFFICE LEASE L:\Project Directory\20802 Page 6 Eagle City Hall. leases with City of Eaglellease . Office. Final.doc in any way relating to or regulating human health or safety or industrial hygiene or environmental conditions or pollution or contamination, including the Comprehensive Environmental Response, Compensation and Liability Act of 1980, 42 U.S.C. 9 9601, et seq., the Solid Waste Disposal Act, 42 U.S.C. 9 6901, et seq., including, without limitation, PCBs, petroleum products, asbestos and asbestos-containing materials (collectively, "Hazardous Substances"), on, under or near the Premises or the Premises, except that Tenant may use Hazardous Substances on the Premises that are incidental to general office use, such as photocopier toner, provided such use is in compliance with laws and prudent business practices. Tenant agrees to defend, indemnify and hold Landlord harmless from any and all loss, cost, liability, claim, damage, and expense including, without limitation, reasonable attorneys' fees and disbursements, incurred in connection with or arising from the generation, use, manufacture, storage, disposal or release of any Hazardous Substances by Tenant or any person claiming through or under Tenant or any contractor, agent, employee, visitor, assign or licensee of Tenant, on or about the Premises throughout the Term. The foregoing indemnification shall survive the termination or expiration of this Lease. 8. MAINTENANCE AND REPAIRS. During the Lease Term, Tenant shall maintain, repair and replace the Improvements and any portions thereof, both structural and non-structural, at Tenant's sole cost and expense, including, but not limited to the following: the foundations, exterior walls, roof, the electrical, plumbing, heating and ventilating equipment in the Premises, equipment or fixtures relating thereto, floors, lamp/ballast replacement, parking lot, parking lot lighting, landscaping, and interior or exterior glass. At the expiration or earlier termination of a Term, Tenant shall surrender the Premises in good condition, except for normal wear and tear and damage by fire or other casualty, and will clean all walls, doors and carpeting therein. Tenant shall indemnify, defend and hold Landlord harmless for any loss or liability resulting from any delay by Tenant in surrendering the Premises to Landlord as provided herein. It is the intent of this Section that Landlord shall not be responsible for any maintenance, repair and/or replacement of the Improvements, or any portion thereof, and all such maintenance, repair and/or replacement shall be by the Tenant at the Tenant's sole cost and expense. During the Lease Term, Tenant shall ensure that it specifically conducts the following maintenance on the Premises: (a) it shall cause the roof system to have semi-annual preventative maintenance performed by a contractor approved by the roof manufacturer and specifically licensed to repair and maintain the Building's specific roof system; and (b) quarterly preventative maintenance of the Building's HV AC system performed by a certified HV AC technician. 9. AL TERA TIONS. a. Landlord's Consent. Tenant shall not make any alterations, additions or improvements, or add or disturb any systems within the Premises (including all Improvements), or cause any roof system penetration, including, but not limited to, installation of a satellite (collectively, "Alterations") or make changes to locks or doors, without obtaining the prior written consent of Landlord, which consent shall not be unreasonably withheld. In the case of a satellite, Landlord's consent may be reasonably withheld for reasons including, but not limited OFFlCE lEASE l:\Project Directory\20802 Page 7 Eagle City Hall- Leases with City of Eaglellease - Office - Final.doc to, the following: (i) roof penetrations are not to be performed by the roofing contractor who installed the roof, which could void the roof warranty; (ii) it is in a size and/or location that the Landlord is opposed to; and/or (iii) it is not attractively screened from view. Any satellite must meet all applicable laws, ordinances and rules. The satellite shall be removed by Tenant at the expiration or earlier termination of the Lease, and the roof must be restored to its previous condition by Tenant at its sole cost and expense. b. Performance of Work. Any Alterations shall be made at Tenant's sole expense and by contractors or mechanics approved by Landlord, in its reasonable discretion, shall be made at such time and in such manner as Landlord may from time to time designate, and shall become the Premises of Landlord without its obligation to pay therefore. All work with respect to any Alterations shall be performed in a good and workmanlike manner. Alterations shall be diligently prosecuted to completion to the end that the Premises shall be at all times a complete unit except during the period necessarily required for such work. All Alterations shall be made strictly in accordance with all laws, regulations and ordinances relating thereto, and no interior improvements installed in the Premises may be removed unless the same are promptly replaced with interior improvements of the same or better quality. Tenant shall require any contractor or mechanic working in the Premises to provide lien waivers and liability and workers compensation insurance covering the Alterations to the Premises. Tenant shall secure, at Tenant's sole cost and expense, completion and lien indemnity bonds satisfactory to Landlord, and/or to require such other instruments as may be reasonably requested by Landlord. Tenant shall give Landlord ten (10) days written notice prior to the commencement of any Alterations and shall allow Landlord to enter the Premises and post appropriate notices to avoid liability to contractors or material suppliers for payment for any Alterations. All Alterations shall remain in and be surrendered with the Premises as a part thereof at the termination of this Lease, without disturbance, molestation or injury, unless Landlord requires any Alterations to be removed upon termination of this Lease, at Landlord's option. In such event, all expenses to restore the Premises to normal Premises standards shall be borne by Tenant. Under no circumstances shall Landlord be liable to Tenant for any damage, loss, cost or expense incurred by Tenant on account of Tenant's plans and specifications, Tenant's contractors or subcontractors, or Tenant's design of any work, construction of any work or delay in completion of any work. 10. TENANT'S PREMISES. a. Removal Upon Termination or Expiration of Lease. All articles of personal property and all business and trade fixtures, machinery and equipment, furniture and movable partitions owned by Tenant or installed by Tenant at its expense in the Premises shall be and remain the property of Tenant and may be removed by Tenant at any time during the Term, subject to the other requirements of this Lease. At the expiration or earlier termination of this Lease, all signs, lights, symbols, canopies, awnings or other advertising or decorative matter attached to or painted by Tenant upon the Premises, whether on the exterior or interior thereof, shall be removed by Tenant at its own expense, and Tenant shall immediately repair any damage or injury to the Premises or Premises and correct and restore any unsightly condition, caused by the maintenance and removal thereof. If Tenant shall fail to remove all of such property from the Premises at the expiration of the Term or within ten (10) days after any earlier termination of this Lease for any cause whatsoever, Landlord may, at its option, remove the same in any manner that Landlord shall choose, and store such property without liability to Tenant for loss thereof. OFFICE LEASE L:\Project Directory\20802 Page 8 Eagle City Hall - Leases with City of Eaglellease . Office - Final.doc In such event, Tenant agrees to pay Landlord upon demand any and all expenses incurred in such removal, including court costs and attorneys' fees and storage charges on such Premises for any length of time that the same shall be in Landlord's possession. If Tenant has not obtained its property from the Property or place of storage of such property, as applicable, within sixty (60) days after the termination or expiration of the Lease, such property shall be conclusively deemed abandoned by Tenant. Landlord may, at its option, without notice, sell said property or any of the same, at private sale and without legal process, for such price as Landlord may obtain and apply the proceeds of such sale to any amounts due under this Lease from Tenant to Landlord and to the expense incident to the removal and sale of said property. b. Taxes. Tenant shall pay all taxes lawfully imposed on or levied against the Premises directly to the taxing authority. Tenant shall be liable for and shall pay, at least ten (10) days before delinquency, all taxes levied against any real property, personal property or trade fixtures placed by Tenant in or about the Premises. If any such taxes on Tenant's personal property or trade fixtures are levied against Landlord or Landlord's Premises or if the assessed value of the Premises or Landlord's obligations are increased by a value placed upon such personal property or trade fixtures of Tenant and if Landlord pays the taxes or obligations based upon Tenant's personal property or trade fixtures, which Landlord shall have the right to do regardless of the validity thereof, Tenant shall, within thirty (30) days after written demand, repay to Landlord the taxes or obligations resulting from such increase in the assessment. Tenant shall have the ability to contest in good faith any tax assessment with the applicable governmental authority, so long as Tenant makes arrangements to ensure that the Premises will not have a tax lien and such contest will not negatively affect Landlord or the Premises in any manner. 11. ENTRY BY LANDLORD. After reasonable notice (except in emergencies, where no such notice shall be required), Landlord, its authorized agents, contractors, and representatives, shall at any and all times have the right to enter the Premises to inspect the same, to supply any service to be provided by Landlord to Tenant hereunder, to show the Premises to prospective purchasers or tenants, to post notices, to alter, improve or repair the Premises or any other portion of the Premises, all without being deemed to have interfered with Tenant's right to quiet enjoyment and without abatement of Rent, provided that Landlord will conduct the same in a manner which does not unreasonably and materially interfere with Tenant's business. Landlord may, in order to carry out such purposes, erect scaffolding and other necessary structures where reasonably required by the character of the work to be performed, provided that Landlord will conduct the same in a manner which does not unreasonably and materially interfere with Tenant's business. Landlord shall have the right to use any and all means, which Landlord may deem proper, to open said doors in an emergency in order to obtain entry to the Premises. Any entry to the Premises obtained by Landlord pursuant to the terms hereof shall not be deemed to be a forcible or unlawful entry into the Premises, or an eviction of Tenant from the Premises or any portion thereof, and Tenant hereby waives any claim for damages for any injury or inconvenience to or interference with Tenant's business, any loss of occupancy or quiet enjoyment of the Premises, and any other loss in, upon and about the Premises. 12. LIENS AND INSOLVENCY. Tenant shall keep the Premises and the Premises free from any liens or encumbrances of any kind or nature arising out of any taxes, work performed, materials ordered or obligations incurred by or on behalf of Tenant. If Tenant becomes OFFICE LEASE l:\Project Directory\20802 Page 9 Eagle City Hall - leases with City of Eagle \lease - Office - Final.doc insolvent, makes an assignment for the benefit of creditors, or if this Lease shall, by operation of law or otherwise, pass to any person or persons or entity other than Tenant, Landlord may, at its option, terminate this Lease, which termination shall reserve unto Landlord all of the rights and remedies available under Sections 24 and 27 hereof, and Landlord may accept rent from such assignee without waiving or forfeiting said right of termination. 13. INDEMNIFICATION. a. Tenant. Tenant shall indemnify, defend and hold Landlord harmless from all losses, liabilities, costs, expenses and claims arising from (a) Tenant's use of the Premises or the conduct of its business or any activity, work, or thing done, permitted or suffered by Tenant in the Premises or on the Premises (b) any breach or default in the performance of any obligation to be performed by Tenant under the terms of this Lease, (c) any act, neglect, fault or omission of Tenant or of its agents or employees, and (d) all costs, attorneys' fees, expenses and liabilities incurred in or about such claims or any action or proceeding brought thereon. In case any action or proceeding shall be brought against Landlord by reason of any such claim, Tenant upon notice from Landlord, shall defend the same at Tenant's expense by counsel approved in writing by Landlord. Tenant, as a material part of the consideration to Landlord, hereby assumes all risk of and waives all claims against Landlord with respect to damage to Premises or injury to persons in, upon or about the Premises from any cause whatsoever except that which is caused by the failure of Landlord to observe any of the terms and conditions of this Lease, and, unless such failure results in an isolated incident, where such failure has persisted for an unreasonable period of time after written notice to Landlord of such failure. b. Landlord. Landlord shall indemnify, defend and hold Tenant harmless from all losses, liabilities, costs, expenses and claims arising from (a) Landlord's use of the Premises or the conduct of its business or any activity, work, or thing done, permitted or suffered by Landlord in the Premises or on the Premises (b) any breach or default in the performance of any obligation to be performed by Landlord under the terms of this Lease, (c) any act, neglect, fault or omission of Landlord or of its agents or employees, and (d) all costs, attorneys' fees, expenses and liabilities incurred in or about such claims or any action or proceeding brought thereon. In case any action or proceeding shall be brought against Landlord by reason of any such claim, Landlord upon notice from Tenant, shall defend the same at Landlord's expense by counsel approved in writing by Tenant. Landlord, as a material part of the consideration to Tenant, hereby assumes all risk of and waives all claims against Tenant with respect to damage to Premises or injury to persons in, upon or about the Premises from any cause whatsoever except that which is caused by the failure of Tenant to observe any of the terms and conditions of this Lease, and, unless such failure results in an isolated incident, where such failure has persisted for an unreasonable period of time after written notice to Tenant of such failure. 14. DAMAGE TO TENANT'S PREMISES. Notwithstanding anything to the contrary in this Lease, Landlord or its agents shall not be liable for (i) loss or damage to any property by theft or otherwise, (ii) except as covered by the warranty provided in Section 4, any injury or damage to persons or Premises resulting from fire, explosion, falling plaster, steam, gas, electricity, water or rain which may leak from any part of the Premises or from the pipes, appliances or plumbing work therein or from the roof, street or sub-surface or from any other OFFICE LEASE L:\Project Directory\20802 Page 10 Eagle City Hall - Leases with City of EaglelLease - Office - Final.doc place or resulting from dampness or any other cause whatsoever, or (iii) any damage or loss to the business or occupation of Tenant arising from the acts or neglect of other tenants or occupants of, or invitees to, the property or Premises. Tenant shall give prompt notice to Landlord in case of fire or accident in the property or in the Premises or of defects therein or in the fixtures or equipment. 15. EMINENT DOMAIN. a. Complete Taking. If the whole of the Premises, or the Premises, shall be taken by condemnation or in any other manner for any public or quasi-public use or purpose so that a reasonable amount of reconstruction will not result in the Premises being reasonably suitable for Tenant's continued occupancy, this Lease shall terminate as of the date that possession of the Premises, or the Premises is so taken (herein called "Date of the Taking"), and the Rent shall be prorated and adjusted as of the date of taking. b. Partial Taking. If only a part of the Premises, or the Premises shall be so taken and the remaining part thereof after reconstruction is reasonably suited for Tenant's continued occupancy, this Lease shall be unaffected by such taking, except that Landlord may, at its option, terminate this Lease by giving Tenant notice to that effect within sixty (60) days after the Date of the Taking. In such event, this Lease shall terminate on the date that such notice from the Landlord to Tenant shall be given, and the Rent shall be prorated and adjusted as of such termination date. Upon a partial taking in which this Lease continues in force as to any part of the Premises, the Rent shall be adjusted according to the rentable area remaining. In the event of a partial taking and reconstruction is not reasonably suited for Tenant's continued occupancy, this Lease shall terminate as provided in Section 15 .a. c. Award. Landlord shall be entitled to receive the entire award or payment in connection with any taking without deduction therefrom for any estate vested in Tenant by this Lease, and Tenant shall receive no part of such award. Tenant hereby expressly assigns to Landlord all of its right, title and interest in and to every such award or payment. 16. INSURANCE. During the entire term of this Lease, the parties designated below shall keep in full force and effect the following insurance: a. Special Form Premises Insurance. Landlord shall carry Special Form property insurance insuring against the perils of fire, extended coverage, vandalism, malicious mischief, special extended coverage and sprinkler leakage for 100% replacement value. This insurance policy shall be upon the Improvements, the Premises, and all of Landlord's fixtures located on the Premises, and shall name Landlord and/or Landlord's lender as loss payee, in an amount not less than the full replacement cost thereof. b. Liability Insurance. Landlord shall carry Commercial General Liability Insurance insuring Tenant against any liability arising out of the lease, use, occupancy, or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be in the amount of Two Million Dollars ($2,000,000.00) General Aggregate, One Million Dollars ($1,000,000.00) Single Occurrence Limit for injury to or death of one or more persons in an occurrence, and for damage to tangible Premises (including loss of use) in an occurrence, with such liability amount to be OFFICE LEASE L:\Project Directory\20802 Page 11 Eagle City Hall - Leases with City of Eagle\Lease - Office - Final.doc adjusted from year to year as reasonably required by Landlord. The policy shall insure the hazards of premises and operations, independent contractors, contractual liability (covering the indemnities contained in Section 13 hereof), and shall name Tenant as an additional insured. Tenant acknowledges that the above liability insurance does not cover Tenant when it is solely liable, and that Tenant will obtain liability insurance coverage, at its sole cost and expense, for such sole liability. c. Workers' Compensation Insurance. Tenant shall carry, at Tenant's sole cost and expense, Workers' Compensation and Employer's Liability Insurance as required by state law. d. Personal Property Insurance. Tenant shall, at Tenant's sole cost and expense, carry casualty insurance insuring its personal property and fixtures located on the Premises. e. Form of Insurance. All such policies shall be written in a form satisfactory to Landlord and shall be with insurance companies qualified to issue insurance in the State of Idaho and holding a General Policyholder's Rating of "A" and a Financial Rating of "VIII" or better, as set forth in the most current issue of Best's Key Rating Guide. Such insurance shall provide that it is primary insurance, and not excess over or contributory with any other insurance in force for or on behalf of Landlord. Each policy shall have a clause providing that Tenant will be notified in writing thirty (30) days prior to cancellation or reduction in coverage. f. Reimbursement for Landlord's Insurance. Tenant agrees, as an Operating Cost and Rent, to reimburse Landlord Landlord's insurance described above in Section 16.a and b. Landlord shall notify Tenant in writing annually, at the first of each calendar year, of such amount. Tenant shall pay such amount to Landlord within thirty (30) days of receipt of Landlord's notice. 17. DAMAGE OR DESTRUCTION. If the Premises and/or the Premises are damaged by fire or other perils covered by insurance carried by Tenant, Landlord and Tenant shall have the following rights and obligations: a. Repair and Restoration. (1) Ifthe Building and/or the Premises are damaged or destroyed by any such peril, to the extent the cost to repair exceeds twenty-five percent (25%) of the then full replacement value thereof or the damage thereto is such that the Building and/or the Premises cannot reasonably be repaired, reconstructed and restored within six (6) months from the date of such damage or destruction, Landlord shall, at its sole option, as soon as reasonably possible thereafter, either (1) commence or cause the commencement of the repair, reconstruction and restoration of the Building and/or the Premises and prosecute or cause the same to be prosecuted diligently to completion, in which event this Lease shall remain in full force and effect; or (2) within sixty (60) days after such damage or destruction, elect not to so repair, reconstruct or restore the Building and/or the Premises, and notify Tenant in writing of Landlord's election in which event this Lease shall terminate. If Landlord elects not to restore the Building and/or the Premises, this Lease shall be deemed to have terminated as of the date of such damage or destruction. OFFICE LEASE L:\Project Directory\20802 Page 12 Eagle City Hall - Leases with City of Eagle\Lease - Office - Final.doc (2) If the Building and/or the Premises are partially damaged or destroyed by any such peril, to the extent the cost to repair is twenty-five percent (25%) or less of the then full replacement value thereof, and if the damage thereto is such that the Building and/or the Premises reasonably may be repaired, reconstructed or restored within a period of six (6) months from the date of such damage or destruction, then Landlord shall commence or cause the commencement of and diligently complete or cause the completion of the work of repair, reconstruction and restoration of the Building and/or the Premises and this Lease shall continue in full force and effect. If the Building and/or the Premises may not reasonably be repaired, reconstructed or restored within a period of six (6) months from the date of either damage or destruction, Landlord shall notify Tenant in writing and this Lease shall terminate. If Landlord elects to not restore the Building and/or Premises, this Lease shall be deemed to have terminated as of the date of such damage or destruction. (3) Landlord shall not have any obligation to repair, reconstruct or restore the Premises and may terminate this Lease when the damage resulting from any casualty covered under this Section 17 occurs during the last thirty six (36) months of the Term. b. Uninsured Casualties. If damage or destruction of the Building and/or the Premises is due to any cause not covered by collectible insurance carried by Tenant at the time of such damage or destruction, Landlord may elect to terminate this Lease. If the repairing or restoring of the damage is delayed or prevented for longer than six (6) months after the occurrence of such damage or destruction by reason of acts of God, war, governmental restrictions, inability to procure the necessary labor or materials, or other cause beyond the control of Landlord, Landlord may elect to be -relieved of its obligation to make such repairs or restoration and terminate this Lease. c. Tenant's Termination Right. If the work of repair, reconstruction and restoration in connection with damage or destruction of the Building and/or Premises initially affects more than twenty-five percent (25%) of the gross leasable area of the Premises and shall require a period longer than six (6) months to complete, then Tenant may elect to terminate this Lease, provided that Tenant shall give written notice to Landlord of its intention within sixty (60) days after the date it is advised of such repair period. d. Termination of Lease. Upon any termination of this Lease under any of the provisions of this Section 17, Landlord and Tenant shall each be released without further obligation to the other from the date possession of the Premises is surrendered to Landlord or such other date as is mutually agreed upon by Landlord and Tenant except for payments or other obligations or third party liabilities which have theretofore accrued and are then unpaid or unperformed. e. Rent Abatement. In the event of repair, reconstruction and restoration by or through Landlord as herein provided, the portion of Rent payable under this Lease shall be abated proportionately to the degree to which Tenant's use of the Premises is materially impaired during the period of such repair, reconstruction or restoration. Tenant shall not be entitled to any compensation or damages for loss of the use of the whole or any part of the Premises and/or any inconvenience or annoyance occasioned by such damage, repair, construction or restoration, nor OFFICE LEASE L:\Project Directory\20802 Page 13 Eagle City Hall - Leases with City of EaglelLease - Office - Final.doc shall Tenant be entitled to any of Landlord's insurance proceeds, including those in excess of the amount required by Landlord for such repair, reconstruction or restoration. Tenant shall not be released from any of its obligations under this Lease due to damage or destruction of the Premises and/or the Premises except to the extent and upon the conditions expressly stated in this Section 17. f. Extent of Repair Obligation. Notwithstanding anything to the contrary in this Section 17, If Landlord is obligated to or elects to repair or restore as herein provided, Landlord shall be obligated to make repair or restoration only of those portions of the Premises which were originally provided at Landlord's expense and those portions which are covered by Tenant's insurance, and the repair and restoration of items not provided at Landlord's expense shall be the obligation of Ten ant. 18. WAIVER OF SUBROGATION. Tenant and Landlord waive all rights to recover against each other for any loss or damage to their respective tangible personal or real property (whether owned or leased) from any cause covered by insurance maintained by each of them, including their respective deductibles or self-insured retentions. Tenant and Landlord will cause their respective insurers to issue appropriate waivers of subrogation rights endorsements to all property insurance policies maintained by each party. Each party shall give the other party written notice if a waiver of subrogation is unobtainable, or obtainable only at an additional expense. If the party receiving such notice agrees to reimburse the other party for such additional expense, the other party shall obtain such waiver of subrogation. If a waiver is unobtainable or if a party elects not to pay the additional expense of a waiver, then neither party nor their insurers shall waive such subrogation rights. 19. ASSIGNMENT OR SUBLETTING. a. Landlord's Consent. Except as otherwise provided below, without the express written consent of Landlord, which may be withheld by Landlord in its sole and absolute discretion, Tenant shall not directly, voluntarily or by operation of law, sell, assign, encumber, pledge, or otherwise transfer or hypothecate all or any portion of its interest in or rights with respect to the Premises (collectively, "Assignment"), or permit all or any portion of the Premises to be occupied by anyone other than Tenant or sublet all or any portion of the Premises or transfer a portion of its interest in or rights with respect to the Premises (collectively, "Sublease"). Notwithstanding the above, Tenant may sublease various portions (but not all) of the Premises to other governmental entities upon Landlord's written approval, which approval will not be unreasonably withheld. Any sublease for the Premises must contain a provision that the sublessee agrees to abide by the terms and conditions of this Lease and the Ground Lease. b. Assignment by Landlord. Landlord may convey, assign and grant a security interest in any of its rights or interests in and to this Lease and the Premises. 20. SUBORDINATION. Tenant agrees that this Lease is and shall be subordinate to any mortgage, deed of trust, ground lease, or other prior or future lien (hereinafter "Prior Lien") that may heretofore or hereafter be placed upon the Premises and the Premises, and all renewals, replacements and extensions thereof. If any mortgage or deed of trust is foreclosed or a conveyance in lieu of foreclosure is made for any reason, Tenant shall, notwithstanding any OFFICE LEASE L:\Project Directory\20802 Page 14 Eagle City Hall. Leases with City of Eagle\Lease - Office - Final.doc subordination, attorn to and become the tenant of the successor in interest to Landlord, provided that such successor in interest recognizes the interest of Tenant and shall not disturb the Tenant in its use under this Lease if no default under this Lease then exists. Tenant shall execute any document which any such Prior Lien holder may require to effectuate the provisions of this Section, including, but not limited to, a subordination, non-disturbance and attornment agreement on the Prior Lien holder's standard form, within fifteen (15) days of presentation of such document. 21. ESTOPPEL CERTIFICATE. Tenant will, within fifteen (15) days after a request by Landlord, execute, acknowledge and deliver to Landlord a statement in writing executed by Tenant, substantially in the form of Exhibit C, attached hereto and incorporated herein, or in such other form reasonably requested by any Prior Lien holder. The parties agree and intend that any such statement by Tenant may be relied upon by any prospective purchaser or mortgagee of the Premises and/or Premises. Tenant's failure to timely deliver such a statement shall be deemed to be an acknowledgement by Tenant that this Lease is in full force and effect without modification (except as set forth by Landlord), there are no uncured defaults under this Lease by Landlord, no setoffs or deductions exist which may be made by Tenant, and no more than one monthly installment of Rent has been paid in advance. 22. SERVICES. Tenant shall be responsible to pay for all electricity, natural gas, and other utilities to and within the Premises at its sole cost and expense. Landlord shall not be liable to Tenant for any loss or damage caused by or resulting from any variation, interruption or failure of said services due to any cause whatsoever; and no temporary interruption or failure of such services incident to the making of repairs, Alterations or improvements due to accident or strike or conditions or events not under Landlord's control shall not be deemed an eviction of Tenant or relieve Tenant from any of Tenant's obligations hereunder. 23. REPRESENTATIONS, COVENANTS AND WARRANTIES OF TENANT. Tenant represents, covenants and warrants for the benefit of Landlord the following: (a) Tenant is a political subdivision of the State ofIdaho with statutory authority to enter into this Lease, and has been duly authorized to execute, deliver and carry out its obligations under this Lease and will do or cause to be done all things necessary to preserve and keep in full force and effect its existence as a body politic and corporate. Tenant is not subject to any legal or contractual provision which restricts or prevents it from entering into performing under this Lease, except laws affecting creditors' rights generally. There is no known pending or threatened action, proceeding, or investigation affecting Tenant, nor to the best knowledge of Tenant is there any basis therefor, wherein an unfavorable result would adversely affect this Lease; (b) There are no Hazardous Substances on the Premises and Tenant shall comply with all Hazardous Substance laws relating to the Improvements as though Tenant were an owner of the Improvements; (c) The execution and performance of this Lease will not violate any judgment, order, law or regulation, constitute a default under any instrument binding upon Tenant, or create any encumbrance upon any assets of Tenant, the Improvements, or the Premises, except as herein provided; (d) City has been duly authorized to execute and deliver this Lease under the terms and provisions of its duly adopted resolution and further represents, covenants and warrants that all requirements have been met and procedures have occurred in order to ensure the due authorization of this Lease; (e) No approval, consent, or withholding of objection is required from any governmental authority other OFFICE LEASE L:\Project Directory\20802 Page 15 Eagle City Hall- Leases with City of EaglelLease - Office - Final.doc than Tenant with respect to the entering into or performance by Tenant of this Lease; and (f) The balance sheet of Tenant for its most recent Fiscal Year and the related earnings statement of Tenant for such Fiscal Year have been furnished to Landlord and fairly present Tenant's financial condition as of such date and the result is of its operations for such year in accordance with generally accepted accounting principles consistently applied, and since such date there has been no material adverse change in such conditions or operations. 24. DEFAULTS AND REMEDIES. a. Defaults. The occurrence of anyone or more of the following events shall constitute a default hereunder by Tenant (each an "Event of Default"): (1) The vacation or abandonment of the Premises by Tenant. Abandonment is herein defined to include, but is not limited to, any absence by Tenant from Premises for five (5) business days or longer, whether or not Tenant has removed its personal property from the Premises. (2) The failure by Tenant to make any payment of Rent, as and when due, where such failure shall continue for a period of twenty (20) days after written notice thereof from Landlord to Tenant; provided, however, that any such notice shall be in lieu of, and not in addition to, any notice required under Idaho law regarding unlawful detainer actions. (3) The failure by Tenant to observe or perform any of the express or implied covenants or provisions of_this Lease to be observed or performed by Tenant, other than as specified in subsections 24.a (1) or 24.a (2) above, where such failure shall continue for a period of twenty (20) days after written notice thereof from Landlord to Tenant. Any such notice shall be in lieu of, and not in addition to, any notice required under Idaho law regarding unlawful detainer actions. If the nature of Tenant's default (other than a default specified in subsections 24.a (I) or 24.a (2) above) is such that more than twenty (20) days are reasonably required for its cure, then Tenant shall not be deemed to be in default if Tenant shall commence such cure within said twenty (20) day period and thereafter diligently prosecute such cure to completion, and such completion shall occur not later than forty five (45) days from the date of such notice from Landlord. (4) Any of the following: (a) The making by Tenant of any general assignment for the benefit of creditors; (b) the appointment of a trustee or receiver to take possession of substantially all of Tenant's assets located at the Premises or of Tenant's interest in this Lease, where possession is not restored to Tenant within thirty (30) days; or (c) the attachment, execution or other judicial seizure of substantially all of Tenant's assets located at the Premises or of Tenant's interest in this Lease where such seizure is not discharged within thirty (30) days. b. Remedies. If an Event of Default exists, in addition to any other remedies available to Landlord at law or in equity, Landlord shall have the following rights and remedies: OFFICE LEASE L:IProject Directory\20802 Page 16 Eagle City Hall - Leases with City of EaglelLease - Office - Final.doc (1) The right to terminate Tenant's right to possession of the Premises and to recover the present value (assuming an interest rate often percent (10%)) of Rent due over the remainder of the Term as liquidated damages due from Tenant to Landlord, less the amount of rental loss for the same period that the tenant proves could be reasonably avoided; (2) The right to continue this Lease in effect and to enforce all of its rights and remedies under this Lease, including the right to recover Rent; (3) The right to enter the Premises and remove therefrom all persons and Premises, store such Premises in a public warehouse or elsewhere at the cost of and for the account of Tenant, and sell such Premises and apply the proceeds therefrom pursuant to applicable law. No re-entry or taking possession of the Premises by Landlord pursuant to this Section 24 shall be construed as an election to terminate this Lease unless a written notice of such intention is given to Tenant or unless the termination thereof is decreed by a court of competent jurisdiction; (4) The right to take steps necessary or appropriate to have a receiver appointed for Tenant in order to take possession of the Premises and apply any rent collected and exercise all other rights and remedies granted to Landlord; (5) The right to terminate this Lease by giving written notice to Tenant of such termination; (6) If an Event of Default occurs prior to the expiration of the Initial Term, the right to recover the full amount of any tenant improvement allowance and any free rent granted by Landlord; and (7) The right to recover any attorneys' fees, costs and or other expenses incurred by Landlord in pursuit of its default remedies. d. Remedies Cumulative; Waiver. All rights, options and remedies of Landlord contained in this Lease or provided by law or in equity shall be construed and held to be cumulative, and no one of them shall be exclusive of the other. No waiver of any default hereunder shall be implied from any acceptance by Landlord of any Rent due hereunder or any omission by Landlord to take any action on account of such default, and no express waiver shall affect any default other than as specified in said waiver. The consent or approval of Landlord to or of any act by Tenant requiring Landlord's consent or approval shall not be deemed to waive or render unnecessary Landlord's consent or approval to or of any subsequent similar acts by Tenant. 26. TRANSFER OF LANDLORD'S INTEREST. In the event of any transfer or transfers of Landlord's interest in the Premises or the Premises, other than a transfer for security purposes only, Tenant agrees that Landlord shall be automatically relieved of any and all obligations and liabilities on the part of Landlord accruing from and after the date of such transfer and Tenant agrees to attorn to the transferee, so long as the transferee agrees to abide by the terms and conditions of this Lease. OFFICE LEASE L:\Project Directory\20802 Page 17 Eagle City Hall - Leases with City of Eagle\Lease - Office - Final.doc 27. RIGHT TO PERFORM. If Tenant shall fail to pay any sum of money, other than Rent required to be paid by it hereunder, or shall fail to perform any other act on its part to be performed hereunder, and such failure shall continue for twenty (20) days after notice thereof by Landlord, Landlord may, but shall not be obligated so to do, and without waiving or releasing Tenant from any obligations of Tenant, make any such payment or perform any such other act on Tenant's part to be made or performed as provided in this Lease. Tenant shall reimburse Landlord for all costs incurred in connection including interest at a rate of twelve percent (12%) with such payment or performance immediately upon demand. 28. NOTICES. All notices under this Lease shall be in writing to the Notice Address for the respective party, or such addresses as may hereafter be designated by either party in writing. Any such notices shall be either sent by certified mail, return receipt requested, in which case notice shall be deemed delivered three (3) business days after timely deposit, postage prepaid in the U.S. Mail; sent by a nationally recognized overnight courier, in which case notice shall be deemed delivered one (1) business day after timely deposit with such courier; or personally delivered, in which case notice shall be deemed delivered upon receipt. 29. ATTORNEYS' FEES. If either party places the enforcement of this Lease or any part hereof, or the collection of any Rent, or recovery of the possession of the Premises, in the hands of an attorney, or files suit upon the same, the prevailing party shall be entitled to receive its reasonable attorneys' fees and court costs, including paralegal fees and any attorneys' fees and court costs in connection with any appeals and any bankruptcy or insolvency proceedings, from the non-prevailing party. 30. HOLDING OVER. If Tenant holds over after the expiration or earlier termination of the Term without the express consent of Landlord, Tenant shall become a tenant at sufferance only, at a rental rate equal to one hundred ten percent (110%) of the Rent, Operating Cost and other charges in effect upon the date of such expiration and otherwise subject to the terms, covenants and conditions herein specified, so far as applicable. Acceptance by Landlord of Rent after such expiration or earlier termination shall not result in a renewal of this Lease and shall not waive Landlord's right to bring an unlawful detainer action against Tenant or otherwise remove Tenant from the Premises. If Tenant fails to surrender the Premises upon the expiration of this Lease despite demand to do so by Landlord, Tenant shall indemnify, defend and hold Landlord harmless from all loss or liability, including without limitation, any claim made by any succeeding tenant founded on or resulting from such failure to surrender. 31. SURRENDER OF PREMISES. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation hereof, shall not work a merger, and shall, at the option of Landlord, operate as an assignment to it of any subleases or subtenancies. 32. PURCHASE OPTION. During the Term, Tenant shall have the option to purchase the Improvements upon ninety (90) days' prior written notice to Landlord. The purchase price shall be based on the lease year in which Tenant exercises the option contained in this Section, as shown on the schedule on Exhibit D. Landlord shall convey the Improvements by quitclaim deed, and Landlord and Tenant shall cooperate to execute any other documents necessary for such sale, including, but not limited to, assigning all warranties related to the Building to Tenant. This Lease shall automatically terminate upon the purchase described in this Section. In the OFFICE LEASE L:\Project Directory\20802 Page 18 Eagle City Hall- Leases with City of EaglelLease - Office - Final.doc event this Lease is terminated for any reason, Tenant's option to purchase the Improvements shall also terminate. 33. GENERAL PROVISIONS. a. Entire Agreement. This Lease contains all of the agreements of the parties, and there are no verbal or other agreements which modify or affect this Lease. This Lease supersedes any and all prior agreements made or executed by or on behalf of the parties hereto regarding the Premises. b. Successors and Assigns. All of the covenants, agreements, terms and conditions contained in this Lease shall inure to and be binding upon Landlord and Tenant and their respective successors in interest and assigns. c. No Brokers. Tenant represents and warrants to Landlord that it has not engaged any broker, finder or other person, except for Tenant's Broker who would be entitled to any commission or fees in respect of the negotiation, execution or delivery of this Lease and shall indemnify, defend and hold harmless Landlord against any loss, cost, liability or expense incurred by Landlord as a result of any claim asserted by any such broker, finder or other person, except for Tenant's Broker or Landlord's Broker (as defined in the Basic Lease Information) on the basis of any arrangements or agreements made or alleged to have been made by or on behalf of Tenant. The provisions of this section shall not apply to brokers with whom Landlord has an express written broker agreement. Landlord shall be responsible for paying all leasing commissions due Landlord's Broker in connection with this Lease. d. Severability. Any provision of this Lease which shall prove to be invalid, void or illegal shall in no way affect, impair or invalidate any other provision hereof, and the remaining provisions hereof shall nevertheless remain in full force and effect. e. Force Majeure. Except as may be otherwise specifically provided herein, time periods for Landlord's or Tenant's performance under any provisions of this Lease not involving the payment of money shall be extended for periods of time during which the non-performing party's performance is prevented due to circumstances beyond the party's control, including, without limitation, strikes, embargoes, governmental regulations, acts of God, war or other strife. Tenant hereby waives and releases its right to terminate this Lease under any law, statute or ordinance now or hereafter in effect. f. Modification for Lender. If, in connection with Landlord's obtaining construction, interim or permanent financing for the Premises, the lender shall request reasonable modifications in this Lease as a condition to such financing, Tenant will not unreasonably withhold, delay or defer its consent thereto, provided that such modifications do not increase the Rent hereunder or materially adversely affect the leasehold interest hereby created or Tenant's rights hereunder. g. Recording. Neither Landlord nor Tenant shall record this Lease nor a short form memorandum hereof without the written consent of the other. OFFICE LEASE L:\Projecl Directory\20802 Page 19 Eagle City Hall- Leases with City of Eagle\Lease - Office - Final.doc h. Applicable Laws. This Lease shall be governed by and construed pursuant to the laws of the State ofIdaho. i. Survival of Obligations. All provisions of this Lease which require the payment of money or the delivery of Premises after the termination of this Lease or require Tenant to indemnify, defend or hold Landlord harmless shall survive the termination of this Lease. j. Appendices and Riders. The following appendices and riders are attached hereto and by this reference made a part of this Lease: Exhibit A Site Plan of Premises (showing Improvements) Exhibit A-I Legal Description of Premises Exhibit B Landlord's Work - General Exhibit B-1 Exterior Elevations Exhibit B-2 Interior Floor Plan Exhibit B-3 Interior & Exterior Finish Schedules Exhibit C Form of Tenant Estoppel Exhibit D Schedule for Purchase of Improvements k. Authority. Each individual executing this Lease represents that it has all requisite power and authority to execute and deliver this Lease on behalf of the entity for which it is signing, and by his or her signature, will bind such party to the terms of this Lease. [End of text; Signature Page follows.] OFFICE LEASE L:\Project Directory\20802 Page 20 Eagle City Hall - Leases with City of Eagle\Lease - Office - Final.doc IN WITNESS WHEREOF, the parties hereto have executed this Lease as of the date first above written. LANDLORD: Hawkins-Smith Eagle Hall LLC, an Idaho limited liability company By: Hawkins-Smith Management, Inc., an Idaho corporati n, its Manager Date: (J1t9y /~ 206~ ( ) TENANT: City of Eagle, ~y~ Its: ~ ATTEST: [seal] OFFICE LEASE Page 2\ L:\Project Directory\20802 Eagle City Hall- Leases with City of EaglelLease - Office - Final.doc M3IA311 N~IS3a ,.-f ~ I ~ ~ . ,.-f I ~ ~ Ii! i~ ~ OHYOI'31!l'" iWl)~ .~ 099 . 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I ;~o ~ 0 I ~ ~ ~ y( ~~ 0.... ~i - ~ ~,~ I EXHIBIT A-I LEGAL DESCRIPTION OF PREMISES Lots 6 and 7 in Block 1 of AQUILA VILLAGE SUBDIVISION, according to the plat thereof, filed in Book 82 of Plats at Page 8908 through 8909, Records of Ada County, Idaho OFFICE LEASE L:\Project Directory\20802 Page 23 Eagle City Hall - Leases with City of EaglelLease - Office - Final.doc EXHIBIT B LANDLORD'S WORK - GENERAL Improvements. Landlord shall provide Tenant with the Improvements, consisting of a single story building of approximately 12,762 square feet and related site improvements, all in accordance with this Exhibit B. The parties agree and acknowledge that there may be some changes to Exhibit B made due to Design Review proceedings by the City of Eagle, and agree to cooperate in good faith to resolve any issues with the Exhibits due to such review. Tenant Representative. Tenant shall designate to Landlord in writing the name of one individual representative ("Tenant's Representative") who will work with Landlord's representatives throughout the period of construction of the Building and Site Improvements. Tenant's Representative shall have the authority to make all decisions relating to the design and construction of the Improvements and Tenant shall be bound by the decisions of Tenant's Representative. Off-Site Improvements. Landlord and Tenant agree and acknowledge that some of Landlord's work includes site improvements which are located on the adjacent property of Tenant, upon which the city library is located. Tenant, as owner of the adjacent parcel, hereby grants to Landlord, and its agents and contractors, a license to enter upon Tenant's adjacent property to conduct any and all work necessary for the construction of the site improvements to be located on such property. Site Preparation. The parties acknowledge that Landlord has budgeted for construction costs for the Improvements based on to Tenant's representations and assumptions contained in the estimate of probable construction cost contained in its original Request for Proposal #EC 05-101 dated February 19,2005, which portion of such proposal is hereby incorporated herein by reference. In the event there are issues with the site preparation not indicated in Tenant's original request for proposal, Tenant shall be responsible for such additional costs at its sole cost and expense. At Tenant's option, any additional costs and expenses may be paid by Tenant out of pocket upon within thirty (30) days after receipt of an invoice pertaining thereto, or Tenant may elect to have its Rent adjusted pursuant to the formula provided in the "Change Order" paragraph below. Change Orders. In the event Tenant requests changes to this Exhibit B, Tenant and Landlord must sign a written change order detailing such change and additional increases or decreases in costs due to such change. Tenant shall be required to pay for any additional costs incurred by such changes. Any increase or decrease in costs shall adjust the Rent upward or downward in a proportionate amount of such cost excess or savings, as applicable, as contained in Landlord's existing Rent calculation. Delivery. Landlord will use its best efforts to deliver the Premises substantially complete to Tenant on or before March 1, 2006, based on this Exhibit B and any change orders agreed to as provided in this Exhibit B. Tenant's Work. Tenant shall supply a Premises to Landlord, at Tenant's sole cost and expense, with the ability to tap into the existing storm water drainage system and with a sufficient pipe size for the Building and also adequate sewer stub for the Building, and with a OFFICE LEASE L:\Project Directory\20802 Page 24 Eagle City Hall - Leases with City ofEaglelLease - Office - Final.doc buildable lot, across the existing lot line, upon the Premises. Tenant shall furnish, at Tenant's sole cost and expense, and at Tenant's option, any and all furniture, fixtures and equipment, required for Tenant's use of the Improvements (including the Building). In no way limiting the foregoing sentence, Tenant may supply and install, all at its own cost and expense, a conventional stove oven with hood and/or microwave oven, millwork, all communicationlA V equipment, satellite dish, signage, and all security systems. Cooperation. Landlord and Tenant agree to coordinate with each other regarding work done in the Premises concurrently by both parties. Tenant shall provide Landlord with adequate notice (i.e. prior to Landlord's relevant construction) of any fixtures it plans to install that will require a corresponding structural component in the Building. Tenant agrees that Tenant's work will not materially interfere with Landlord's Work in completing the Premises within the scheduled time frame. Conflict. In the event of any conflict within the Exhibits B, B-1, B-2, and B-3, Exhibit B-3 shall control. OFFICE LEASE L:\Projecl Directory\20802 Page 25 Eagle City Hall - Leases with City of EaglelLease - Office - Final.doc OFFICE LEASE L:\Project Directory\20802 EXHIBIT B-1 EXTERIOR ELEVATIONS [1 page attached] Page 26 Eagle City Hall - Leases with City ofEaglelLease - Office - Final.doc M3~ N~IS3a OHVOI'31!)'!iI 3tN1 JWJ '3 OM ~ I ~ i~ N I i I !l i<( II ilL'" SNO'5W~ ''''' S.J.::>:3.J.IH::>HV OSES-9EE (SOZ) X\f~ ~ om OLES-9EE (SOZ) ~ all 60LES OH\lOI '3SIOS 4:1i e .. 001 llins . ..,. '1d liN\fT1\1 'S 0101 ~ ~ ~ .. llV'H AJJJ 319V'3 :lIW .1JoSHdQlWQ Q3SOdOlId I ~f !i "i "~ !~ !~ , ! ~ I l!l '" !l i I r !f ,,- ~i a~ z o S '[ij ..J"!;> w"; ..~~ e; ~i ~ ~; .~ ~ ~ ~:l P-!i! ,,~ g ~i i! i ". a~ o ~ ~~ !~ ! ~ l!l !l o o o o ., . , g~ e. i~ i~ o I ,. '" i i I. I ~! ~ ~~! ~ I~l - ~i I ~ I . t:-~ to .... - lJ.. 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I ~ J ..J!.l- - - ~ 1\ -1= . ~ -~ ---1~ t- - . ? .. ~ . ~ \! ~ Eagle City Hall Interior Finish Schedule Room Number Flooring Base Walls Ceiling Cabinetry 100 Tile 1 Tile 1 Tile 1/Paint Gve - 101 Tile 1 LE1 Paint Illusion - 102 VCT Resilient Paint Illusion - 103 Caroet 1 Camet 1 Paint- note 2 Illusion Note 3 104 VCT Resilient Paint Radar - 105 VCT Resilient Paint Radar - 106 Caroet 1 Carnet 1 Paint Illusion - 107 Caroet 1 Caroet 1 Paint Illusion - 108 Tile 2 Tile 2 Tile 2&3/Paint Gvo Note 4 109 Tile 2 Tile 2 Tile 2&4/Paint GYP Note 4 110 Tile 1 Tile 1 Paint Illusion Note 5 111 Carpet 1 Camet 1 Paint Illusion - 112 Caroet 1 Caroet 1 Paint Illusion - 113 VCT Resilient Paint Illusion - 114 Caroet 1 Carnet 1 Paint Illusion - 115 Caroet 1 Caroet 1 Paint Illusion - 116 VCT Resilient Paint Radar - 117 VCT Resilient Paint Illusion Note 6 118 Caroet 1 Caroet 1 Paint Illusion - 119 Caroet 1 Caroet 1 Paint Illusion - 120 Caroet1 Camet 1 Paint Illusion Note 7 121 Carpet 1 Camet 1 Paint Illusion - 122 Carpet 1 Camet 1 Paint Illusion - 123 VCT Resilient Paint Radar Note 8 124 Caroet 1 Caroet 1 Paint Illusion - 125 Carnet 1 Caroet 1 Paint Illusion - 126 VCT Resilient Paint Radar Note 9 127 Carpet 1 Camet 1 Paint Illusion Note 10 128 Caroet 1 Caroet 1 Paint Illusion - 129 Caroet 1 Caroet 1 Paint Illusion - 130 Carpet 2 Camet 2 Wainscot/WC Soec Note 11 131 VCT Resilient Paint Radar - 132 Caroet 1 Caroet 1 Paint Illusion - 133 Tile 2 Tile 2 Tile 2&4/Paint Gve - 134 VCT Resilient FRP/Paint GYP - 135 Tile 2 Tile 2 Tile 2&3/Paint Gvo - 136 VCT Resilient Paint Illusion Note 12 137 Caroet 1 Caroet 1 Paint Illusion - 138 Carpet 1 Camet 1 Paint Illusion - 139 Caroet 2 Carpet 2 WC Seec Note 1 Note 13 Note 1 Note 1 Note 13 Note 1 Note 1 EXtllSIT 8-.1 70 oFft("E t.EASE" 5/12/20051:56 PM Page 1 of 2 Interior Finish Notes Note 1- Tile to 42" AFF all around. Standard color painted steel toilet partitions as required. Note 2- Tectum panels as needed, paint accenting color Note 3- Council/Clerk desks, wood veneer front, laminate tops Note 4- Stone vanity top, undermount sinks. Stone tops are In $40k cabinetry allowance. Note 5- Laminate Meet & Greet stations to rooms 115, 119, & 128 Note 6- Plan cubbys to 5' on south wall, melamine Note 7- Laminate transaction top to room 110, separate laminate work top/2 drawer file Note 8- Plan cubbys to 5' on north wall, melamine Note 9- Laminate tops on north and east wall Note 10- Laminate transaction top to room 110, separate laminate work top/2 drawer file Note 11- Built-in credenza and bookshelves, wood to be determined, wood wainscot to 3' Note 12- Laminate lower and upper units with dishwasher, microwave, and refrigerator Note 13- tile floor shown is an upgrade to be funded from the cabinetry budget as requested by tenant General Interior Notes Room 129 and 130- windows on corridor 137 side, door sidelites on room 128 side All interior walls smooth wall or hand texture, no orange peel texture Laminates to be selected from Formica or Wilsonart standards Levelor Riviera style mini-blinds in office area windows Tile 1- Colusseum Noce, 18"x18" Tile 2-Toilet Room field- American Olean Satin Glo, 2"x2", Almond 012 Tile 3- Women's Toilet Room Accent- American Olean Satin Glo, 2"x2", Plum 033 Tile 4- Men's Toilet Room Accent- American Olean Satin Glo, 2"x2", Satin Olive 030 Carpet 1- Shaw Ripple wI Teklock backing Carpet 2- Durkan Marquette wI Teklock backing Cabinetry budget of $40k may be used for cabinetry noted above or for flooring upgades, see note 13 above Tenant may furnish cabinetry, tenants choice. Installation by tenant or from cabinetry budget Acoustic ceilings are USG or equivalents , l Eagle City Hall Exterior Finish Schedule Finish Manufactured stone Brick Stucco Para et ca Precast Brick Storefront Exterior Soffits Exterior Concrete Exterior Finish Notes Note 14 Note 15 Note 16 Note 14- EIFS or Stucco, developer's choice, color selection by owner (1 color) Note 15- Medium duty storefront doors and hardware, green tint glass, bronze frames Note 16- Developer's choice 5/12/20051:56 PM ~ISlr 6-.3 To 0Pf)(.E lEAse Page 2 of 2 EXHIBIT C FORM OF TENANT ESTOPPEL Tenant Estoppel Certificate Tenant: Premises Address: Area: Sq. Ft. (Rentable) Date of Lease: Date(s) of Lease Amendments(s): Commencement Date: Expiration Date: Current Monthly Rental: Operating Expenses: The undersigned, as Tenant under the Lease of the above-referenced premIses ("Premises") executed by ("Landlord"), as Landlord, and Tenant on the above-referenced date, does hereby represent, certify and covenant to ("Buyer") ("Lender"), and its assignees, as follows: 1. Lease. The copy of the Lease, including all addenda and amendments thereto, attached hereto as Exhibit A is a true and correct copy of the Lease which is in full force and effect and which has not been further amended, supplemented or changed by letter agreement or otherwise. 2. Completion of Premises / No Disputes. Tenant has accepted possession of all of the premises, and all conditions to be satisfied by Landlord under the Lease have been satisfied pursuant to the terms of the Lease, including but not limited to, completion of construction of any required improvements to the Premises except those listed below: 3. No Defaults / Claims. Neither Tenant nor Landlord is in default under any terms of the Lease nor has any event occurred which with the passage of time (after notice, if any, required by the Lease) would become an event of default under the Lease. Tenant has no disputes, claims, counterclaims, defenses or setoffs against Landlord or liens against the Premises arising from the Lease. Tenant is not entitled to any concessions, rebate, allowance or free rent for any period after this certification, not is Landlord obligated to construct or install any additional improvements in the Premises except those listed below: 4. No Advance Payments; Security Deposit. No rent or other amount payable under the Lease has been paid in advance by Tenant except the current month's rent. Landlord has no obligation to segregate the security deposit (if any) or to pay interest thereon. 5. No Extension. Purchase or Termination Riehts. Tenant has no option and no right of first refusal to purchase the Premises or any interest therein and no right to cancel or terminate the Lease or extend the term of the Lease, except as otherwise provided in the following sections of the Lease: 6. No Sublease / Assignment. Tenant has not entered in any sublease, assignment or other agreement transferring any of its interest in the Lease or the Premises. 7. No Notice. Tenant has not received notice of any assignment, hypothecation, mortgage, or pledge of Landlord's interest in the Lease or the rents or other amounts payable thereunder, nor any violation of any federal, state, county or municipal laws, regulations or orders related to the use or condition of the Premises or the Premises except those listed below. 8. Hazardous Materials. No Hazardous Material has been used, treated, stored or disposed of on the Premises by Tenant. Tenant does not have any permits or identification numbers issued by the United States Environmental Protection Agency or by any state, county or municipal agencies with respect to its operations on the Premises, except those listed below. For the purposes hereof, the term "Hazardous Material" shall mean any substance, chemical, waste or other material which is listed, defined or otherwise identified as "hazardous" or "toxic" under any federal, state, local or administrative agency ordinance or law or any regulation, order, rule or requirement adopted thereunder, as well as any petroleum, petroleum product or by-product, crude oil, natural gas liquids, liquefied natural gas, or synthetic gas usable as fuel, and "source", "special nuclear" and "by-product" material as defined in the Atomic Energy Act of 1985,42 U.S.C. S 3011 et. Seq. 9. No Modification of Lease. From the date of this Certificate through - , non-modification or amendment to the Lease, forgiveness of payment of rent or other amount due under the Lease, grant of extension or option, or prepayment of rents more than one month in advance may be made except with the written consent of Buyer. 10. Reliance; Buyer's Rights. Tenant recognizes and acknowledges it is making these representations to Buyer with the intent that Buyer or its assignees will rely on tenant's representations in connection with Buyer's acquisition of the Premises. All rent payments under the Lease shall continue to be paid to Landlord in accordance with the terms of the Lease until Tenant is notified otherwise inn writing. As of the effective date of the purchase of the Premises by Buyer, Tenant will recognize Buyer as landlord under the Lease. Tenant further acknowledges and agrees that Buyer and its successors and assigns (including any entity holding a Deed of Trust at any time after the date of this Certificate) shall have the right to rely on the information contained in this Certificate. 11. Binding. The provisions hereof shall be binding upon and inure to the benefit of the successors, assigns, personal representatives and heirs of Tenant and Buyer. 12. Due Execution and Authorization. The undersigned, and the person(s) executing this Certificate on behalf of the undersigned, are duly authorized to execute this Certificate on behalf of Tenant and to bind Tenant thereto. TENANT: a By: Name: Title: EXHIBIT D PURCHASE OPTION SCHEDULE Lease Year 1 2 3 4 5 - 50 Purchase Price $2,460,000 $2,440,000 $2,420,000 $2,400,000 $2,370,000 EXHIBIT "B" Le2al DescriDtion Lots 6 and 7 in Block 1 of AQUILA VILLAGE SUBDIVISION, according to the plat thereof, filed in Book 82 of Plats at Page 8908 through 8909, Records of Ada County, Idaho.