OTHER-2021-005 Lease of Land for the High Rock Waste and Recycling Center

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is r f, 2 . The term of this lease shall be for an Initial term of 20 years commencing on March 1 , 2021 , hereinafter referred to as the " effective date " . Except as herein otherwise provided, all terms and covenants contained in this Lease Agreement shall be in full force and effect during any extension period unless otherwise agreed upon in writing by both parties . i 3 . Guaranteed Minimum Rental . The County agrees to pay to the Owner the guarantee rental of $ 1 , 312 . 50 per month (hereinafter referred to as the "Rental Rate") during the Term of the lease, payable on or before the 1 Oth day of each calendar month commencing with the effective date of this Lease Agreement , 4 . Right of First Offer to Purchase and Right of First Refusal . a . Subject to the terms of this Lease , the Owner expressly reserves the right to sell the Premises at any time during the Term, including any extension thereof. In the event the Owner sells , transfers , or exchanges the Premises or any portion of the Premises , the following shall pertain : i . Subject to the terms of this Lease, the Owner may sell , transfer, or exchange the Premises or any portion of the Premises to Roland L . Walters and/or Stacey R. Walters (hereinafter, "the Managing Member" or collectively, "Managing Members ") as an individual or remaining member, provided however, the Owner shall obtain the written agreement, in form satisfactory to the County, of any Managing Member of the Owner company acquiring the Premises or any interest therein, that such acquisition is subject to the requirements of this Lease . The Owner agrees that the County may void any sale, transfer, or exchange of the Premises or any portion of the Premises if the member interest holder fails to assume in writing the requirements of this Lease . lie Any assignment, sale, transfer, conveyance , or other disposition of the Premises or any part of the Premises to a person or entity other than that described in sub -paragraph 4 . (a) (i) , above, shall be subject to the following . 1 . The Owner covenants that it will not list nor offer the Premises for sale without first giving the County written notice in the manner prescribed in Section 8 of this Lease Agreement, of its desire to sell the Premises and having allowed County ninety (90 ) days from the date of such notice in which to attempt to secure a binding agreement with the County for the purchase of the Premises . The Owner agrees that any and all offers to purchase submitted by the County during said ninety- day period will be held in strictest confidence, will be given every reasonable consideration in good faith and if unacceptable , will remain confidential and will not be used at any time to enhance its efforts to otherwise market said Premises .