EXTENSION OF LEASE AGREEMENT
This Extension of Lease Agreement is made and entered into this _______ day of _________, 2007, by and between the City of Lawrence, Kansas, a municipal corporation, hereinafter referred to as the “Lessor,” and The Shelter, Inc., a Kansas corporation, hereinafter referred to as the “Lessee.”
WHEREAS, the Lessor and Lessee have entered into a certain Lease Agreement dated September 29, 1982 and Extension and Amendment of Lease Agreement, dated December 1, 1987, and an Extension and Amendment of Lease Agreement dated 1993, and an Extension and Amendment of Lease Agreement dated 2002, (collectively, the “Lease”) for the following described real estate located in the City of Lawrence, Douglas County, Kansas:
South 125 feet of Lot 55, Block 22, and the East ˝ of the South 125 feet of Lot 57, Block 22, West Lawrence, commonly referred to as the Bert Nash property, together with all improvements thereto and appurtenances thereon (the “Property”);
WHEREAS, the Lease shall expire on January 1, 2008, and the parties desire to extend the terms of the lease agreement.
In consideration of the covenants contained in the earlier agreements and in this agreement, the Lessor and Lessee agree as follows:
1. The Lessor and Lessee agree to extend the terms of the lease agreement dated September 29, 1982, the extension and amendment agreement dated December 1, 1987, and the extension and amendment agreement dated 1993, and the extension and amendment agreement dated 2002, for a period of five years, commencing on January 1, 2008, and ending January 1, 2013.
2. The terms and conditions of the earlier agreements, except for the term of the lease (specifically provided herein), shall continue in effect for the term of the extension as provided in paragraph numbered 1.
APPROVED:
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_________________________ _______________________
David L. Corliss, City Manager Judith A. Culley, Executive Director
City of Lawrence, Kansas The Shelter, Inc.
“Lessor” “Lessee”