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LEASE A REE NT <br /> THIS LEASE AGREEMENT is made this I s`d,y of July 2026, by and between <br /> DECATUR PARK DISTRICT, a body politic and co •trate("District"),and Sky's the Limit <br /> Tree Service ("Tenant"). <br /> A. LEASED PREMISES <br /> 1. Leased Premises. District leases to Tenant an. Tenant leases from District southern <br /> portion of Galloway Park, with a common address of 2'8 N 26th Street, Decatur, IL 62521, plus <br /> ingress from District's property and use of surrounding ground totaling+1- 5.49 acres. The <br /> Leased Premises include the southern portion of Gallo :y Park as detailed on Exhibit EX001 <br /> dated February 14th,2024, provided by Chastain and A:sociates to the Decatur Park District, a <br /> copy of which is attached hereto and incorporated here . <br /> 2. Alterations to Premises. As a condition of thi. Lease Agreement,Tenant shall perform <br /> the improvements described on EX001 dated February 14th,2024 at its sole cost within 90 days <br /> of the execution of this Lease. If Tenant fails to compl- the improvements by the required <br /> deadline, it shall be considered a default under this e. No landscape debris, equipment, or <br /> any other materials are to be placed on the site until the improvements described on EX00 I are <br /> completed. Tenant shall not make any material or stru• ural alterations or additions in or to the <br /> Premises other than those described in EX001 attached ereto without the prior written consent <br /> of District. Tenant shall pay prevailing wages to all em loyees and subcontractors in accordance <br /> with the requirements of the Illinois Prevailing Wage • t when performing the alterations <br /> described in this paragraph. <br /> B. TERM <br /> 1. The initial term of this agreement shall be a ee(3)year term commencing on July 1, <br /> 2026,and expiring on July 1,2029. <br /> 2. Provided that Tenant is not in material defa t under the lease,Tenant shall have <br /> the right to extend the agreement for five(5)addition: one (1) year terms on substantially <br /> the same provisions as contained in this Agreement, :xcept for the base rent increase as set <br /> forth in Exhibit A This lease shall automatically rene unless Tenant provides District at <br /> least sixty(60)days written notice prior to the end of each lease term of Tenant's election <br /> not to extend the Agreement. <br /> C. PROPERTY USE <br /> 1.Tenant shall have use of approximately 5.49 : res of property for the purpose of <br /> expanding their existing wood pulverization process to 'roduce recycled colored mulch for <br /> resale purposes. The property shall be kept in an orderl fashion and not become a storage area <br /> for debris deemed unsuitable for use in the mulching os•ration nor shall it become a storage area <br /> for broken down or unused equipment. <br /> ti <br />