R2010-228 AUTHORIZING EXCHANGE OF REAL ESTATE

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� . /'�s��!� " �°�� EXHIBIT B LEASE THIS LEASE, made and entered into by and between the CITY OF DECATUR, ILLINOIS, a municipal corporation (hereinafter referred to as "CITY"), and Nick G. Striglos, (hereinafter referred to as "STRIGLOS"). WITNESSETH: 1. Premises. The CITY does hereby demise and lease to STRIGLOS the following described premises: a. Up to twelve (12) spaces (for weekdays between the hours of 9:00 a.m. and 4:30 p.m.) in the City's parking area of the parking lot as shown on EXHIBIT A. 2. Exclusive Use. During the term of this Lease, STRIGLOS shall enjoy exclusive use and possession of all said parking spots from 9:00 a.m. to 4:30 p.m. Monday through Friday. 3. Term. The term of this Lease shall commence on and shall terminate twenty (20) years from the date of commencement with a renewal option of another twenty (20) years, except as may be earlier terminated by the provisions of this Lease. Such option may be exercised by written notice by STRIGLOS to CITY at any time prior to the expiration of the initial twenty (20) year term. 4. Rent. STRIGLOS shall not be required to pay to the CITY, any rent for the above- described premises. 5. Taxes. STRIGLOS shall pay their pro rata share of taxes, if any, due on the above- described premises which are attributable to STRIGLOS's Lease or use of the premises. 6. Compliance with Laws. STRIGLOS agrees to observe and comply with alt rules, regulations, ordinances, statutes and zoning laws now in force or which may be enacted during the continuation of this Lease by the CITY or any other Municipal, County, State or Federal authority and to indemnify the CITY for any damage caused by violation thereof. 7. Release. STRIGLOS, in using the premises, does so at its own risk. The CITY shall not be liable for any damages to property sustained by STRIGLOS on the premises, or any portion thereof, except as resulting from the CITY's violation of any term of this Lease. Except as resulting from the CITY's violation of any term of this Lease, STRIGLOS assumes full responsibility for property damages or injuries which may occur to STRIGLOS or its officers, employees, directors, agents or contractors, resulting from or arising out of STRIGLOS's use of the premises. STRIGLOS does hereby fully and forever on its own behalf release and discharge the CITY and the CITY Council members, CITY employees, officers, invitees and agents, in both individual and official capacities, from any and all claims, demands, damages, rights of action, present or future, whether the same be known, anticipated or unanticipated, whether due to negligence or otherwise, resulting from or arising out of STRIGLOS's use of the premises, except as resulting from the CITY's violation of any term of this Lease.