HomeMy WebLinkAbout20160878.tiff RESOLUTION
RE: APPROVE LEASE AGREEMENT WITH OPTION TO PURCHASE (320 MAPLE
STREET, FREDERICK, CO) AND AUTHORIZE CHAIR TO SIGN - CARBON VALLEY
PARK AND RECREATION DISTRICT
WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to
Colorado statute and the Weld County Home Rule Charter, is vested with the authority of
administering the affairs of Weld County, Colorado, and
WHEREAS, the Board has been presented with a Lease Agreement with Option to
Purchase (320 Maple Street, Frederick, CO) between the County of Weld, State of Colorado, by
and through the Board of County Commissioners of Weld County, on behalf of the Department of
Buildings and Grounds, and the Carbon Valley Park and Recreation District, commencing
March 1, 2016, and ending, April 30, 2021, with further terms and conditions being as stated in
said lease agreement, and
WHEREAS, after review, the Board deems it advisable to approve said lease agreement,
a copy of which is attached hereto and incorporated herein by reference.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County, Colorado, that the Lease Agreement with Option to Purchase (320 Maple Street,
Frederick, CO) between the County of Weld, State of Colorado, by and through the Board of
County Commissioners of Weld County, on behalf of the Department of Buildings and Grounds,
and Carbon Valley Park and Recreation District, be, and hereby is, approved.
BE IT FURTHER RESOLVED by the Board that the Chair be, and hereby is, authorized
to sign said lease agreement.
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 9th day of March, A.D., 2016, nunc pro tunc March 1, 2016.
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
ATTESIdit W/ ' • t6;11
Mike Freeman, Chair
Weld County Clerk to the Board ,P
- n • �„ Sean. C• way, Pro-Te---_
ty Clerk t the Bo-r:1 �► �! I a(/
*:►, ' �� ie A. Cozad �J
AP ' .%EDAST• ��RM t .'����qi i
. r rbar Kirkmeyer
ou -' orney
Date of signature:
9 Steve Moreno
2016-0878
Cry BG XO
PR0035
1861 DEPARTMENT OF BUILDINGS AND GROUNDS
r, IL PHONE: (970) 304-6531
FAX: (970) 304-6532
--- WEBSITE: www.co.weld.co.us
G O N— —t 1105 H STREET
P.O. BOX 758
GREELEY,COLORADO 80632
March 2, 2016
To: Board of County Commissioners
From:Toby Taylor
Subject: Carbon Valley Park& Recreation District Lease
This agreement is for a lease by the Carbon Valley Park& Recreation District of the Weld County building
(former Library) located at 320 Maple Street, Frederick, CO. The lease is for 5 years with the option to
purchase. Buildings&Grounds is recommending approval of the lease.
If you have any questions, please contact me at extension 2023.
Sincerely,
Toby Taylor
Director
2016-0878
LEASE AGREEMENT WITH OPTION TO PURCHASE
THIS LEASE AGREEMENT is made and entered into this.?day of / fl, 2016, by and between
the County of Weld,a body corporate and politic of the State of Colorado, by a'nd through its Board of
County Commissioners,hereinafter referred to as"County,"and,the Carbon Valley Park and Recreation
District, hereinafter referred to as"Tenant".
WHEREAS, County owns property located at 320 Maple Street, Frederick Colorado, 80530 the
"Property"), legally described as 2MS- 8 LB BLK 0031 MAPLEWOOD SUB FILING#2- Former 3, 958 SF
library building on 87, 023 SF Lot.
WHEREAS,Tenant desires to lease the Property, pursuant to the terms and conditions contained
herein,
NOW,THEREFORE,in consideration of the mutual promises and covenants contained herein,the
parties hereto agree as follows:
1.TERMS AND DEFINITIONS
1.1 Leased Premises shall mean the building located at 320 Maple Street, Frederick, Colorado,80530.
1.2 Lease Com enceme t Date shall be the / '-7 day of_flAR a 2016. "Lease Expiration Date"
shall be the!'ay of i1 2021. "Lease Term"shall mean the twelve (12)month period between
Lease Commencement Date and Lease Expiration Date.
1.3 Non-refundable Option Fee of$105,000.00 will serve as the Security Deposit.
1.4 Base Rent shall be$5,869.84 per month.
1.5 Permitted Purpose means that Tenant may use the Leased Premises for the purpose of fulfilling the
purpose and mission of the Carbon Valley Park and Recreation District.
1.6 Agent shall mean the Director of the Weld County Department of Buildings and Grounds, 1105 H
Street,Greeley, Colorado 80631 or any other agent specified in writing by Landlord pursuant to the
provisions for notice in this Lease.
1.7 Landlord's Mailing Address 1150'O'Street, PO Box 758, Greeley,Colorado 80632.
1.8 Tenant's Mailing Address 701 5th Street, Frederick Colorado, 80530
2. PREMISES
2.1 Lease of Premises. In consideration of the Rent and the provisions of this Lease, Landlord leases to
Tenant and Tenant accepts from Landlord the Leased Premises,subject to the terms and conditions set
forth herein.
2.2 Acceptance of Premises; Condition. Tenant has examined, and accepts the Building,
improvements, Premises, and any fixtures on the premises, in present condition. No representation,
statement, or warranty, express or implied, has been made by or on behalf of Landlord as to the
condition of the premises, or as to the use that may be made of same. In no event shall Landlord
be liable for any defect in the premises or for any limitation on the use of the premises.
2.3 Parking. Tenant shall have all existing parking associated with the building.
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3.LEASE TERM AND OPTION TO PURCHASE
3.1 Lease term Rent. Tenant agrees and covenants to pay to Landlord as Base Rent, without prior
notice of demand, and without any deduction or setoff whatsoever, as "Base Rent," the sum of
$5869.84 per month.Tenant shall pay to Landlord the Base Rent in equal monthly installments, on the
fifteenth day of each month during the Term of this Lease, without notice, demand, deduction or
offset (except as may otherwise be provided in this Lease). Said rental shall be paid to Weld County
Government,Attention:Controller, P.O. Box 758,Greeley, CO 80632.
3.2 Late Payment. Rent not paid within ten (10)days of the date when due hereunder shall be subject
to a late charge until paid equal to one and one-half percent(1%Z%) per month from the date when due,
until paid. In addition, if any installment of Rent is not paid within ten (10) days of the date when due
hereunder,Tenant shall pay to Landlord a late payment charge equal to ten percent (10%)of the
amount of such delinquent payment of Rent in addition to the installment of Rent then owing. Such
charges shall be payable only after nonpayment by Tenant continues for a period of five(5)days after
notice of default has been given by Landlord.Tenant acknowledges that late payment of Rent will cause
Landlord to incur costs not contemplated by this Lease,the exact amount of which is extremely difficult
and impracticable to ascertain at this time.Accordingly,the parties agree that the foregoing late charges
represent a reasonable estimate of the loss and expense to be suffered by Landlord by reason of
Tenant's late payment.
3.3 Security Deposit The Security Deposit,as a non-refundable option fee,as described in section 1.3
shall be paid in full on or before lease date commencement.
3.4 Option to Purchase. The cash rent which the Tenant agrees to pay and the Landlord agrees to
accept is$5,869.84 per month for sixty(60) months. Tenant then has the option of purchasing the
property at the end of year five for the price of$1.00. The Tenant agrees to make a non-refundable
option payment of$105,000.00(which applies to the purchase price)to Landlord when both Landlord
and Tenant sign this Lease Purchase Agreement.
3.5 Buyout. The Tenant may purchase the property prior to the expiration of the lease by paying the
Landlord the remaining balance of the lease as noted in the attached amortization schedule,which is
identified as Exhibit A and attached hereto and incorporated herein. Upon receipt of the remaining
balance,title to the property shall pass to the Tenant.
4.IMPROVEMENTS AND POSSESSION
4.1 Improvements to Premises.The Property has been viewed and accepted by tenant. No
improvements are scheduled to take place.
5. UTILITIES
5.1 Services and Utilities. Tenant covenants and agrees to contract in Tenant's own name and to
pay as Additional or separate account, all charges for water, sewage, disposal, storm drainage fees,
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in suite natural gas, electricity, lighting, telephone or other utility services used, rendered or
supplied to or for the Premises. Tenant also agrees to provide janitorial services at the expense of the
Tenant.
6. MAINTENANCE
6.1 Maintenance by Tenant. Tenant shall maintain building in good working order which shall include
all business equipment, plumbing backups/plugs,snow removal,trash,janitorial,floor care, and carpet
care. Landlord shall have no obligation whatsoever to alter, remodel, improve, maintain, repair,
decorate or paint the Premises or any part thereof, and the parties hereto affirm that Landlord has
made no representations to Tenant respecting the condition of the Premises or the Building except as
specifically here're set forth.
6.2 Landlord's Right to Cure. If Tenant refuses or neglects to repair the Premises or property as
required hereunder to the reasonable satisfaction of Landlord as soon as reasonably possible after
written demand, Landlord may make such repairs without liability on its part to Tenant for any loss
or damage that may accrue to Tenant's merchandise, personal property, fixtures, equipment or
leasehold improvements or to Tenant's business by reason thereof. Tenant shall pay Landlord's cost
for making such repairs, plus fifteen percent (15%) for overhead immediately upon presentation of a
bill therefore.
7.TENANT'S COVENANTS
Tenant agrees to:
7.1 Permitted Use. Use the Leased Premises for the Permitted Purpose only and for no other
purposes.
7.2 Compliance with laws. Comply with the provisions of all current and future recorded covenants,
conditions and restrictions and all current and future building,zoning,fire and other governmental
Laws,ordinances, rules or regulations applicable to the Leased Premises and all current and future
requirements of the carriers of insurance covering the Project.
7.3 Compliance with Laws; Waste; Nuisance. Tenant covenants that it shall: (a) at its sole cost
and expense, promptly comply with all laws,statutes, ordinances and governmental rules,regulations
or requirements (including, but not limited to, all environmental laws and regulations)now in force
or which may hereafter be in force, and with the requirements of any board of fire insurance
underwriters or other similar bodies now or hereafter constituted, relating to, or affecting the
condition, use or occupancy of the Premises, excluding structural changes not related to or
affected by Tenant's improvements or acts; (b) keep the Premises in clean, neat, and orderly
condition, free of objectionable noise, odors, nuisances, and will in all respects, and at all times,
fully comply with all health and policy regulations; (c)not suffer,permit, or commit any waste; and(d)
not use, suffer or permit any person(s) to use the Premises or any part thereof, or common
elements (sidewalks, hallways, etc.) for conducting thereon any auction, distress, fire, bankruptcy,
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or going out of business sale.
7.6 Indemnification. Tenant further agrees to defend, indemnify and hold harmless Landlord and any
manager, member, partner,officer,director,or employee of Landlord and any mortgagee (if any)of
Landlord,against any and all claims,demands, liabilities, costs and expenses(including without
limitation reasonable attorneys'fees and expenses,expert witness fees and post-judgment collection
costs)which Landlord may sustain at any time as a result of,arising out of,or in any way connected
with a breach of this agreement. Additionally,Tenant agrees to cease the activity which amounts to
such breach immediately upon receipt of written notice from Landlord or any regulatory or
governmental agency that such activity is in violation of any governmental laws,ordinances,
regulations or rules.Tenant shall give notice to Landlord of any hazardous substances that come to be
located on the Leased Premises. The Tenant agrees to indemnify and save, hold harmless,and defend
Landlord against and from any and all claims by any person arising, directly or indirectly,from the use
of the property by the Tenant.This is intended to include claims by any employees or agents of the
Tenant, its contractors, licensees, invitees,or any other person,for injury, loss of life, destruction of
property,or any other injury,and is intended that this paragraph shall apply not only to the Tenant's
activities but to the condition of the property arising for any other cause directly or indirectly related
to the exercise by the Tenant of its rights under this Lease.The Tenant shall be required to pay any
such claim or to defend it,at the Tenant's expense,employing counsel reasonably satisfactory to the
Landlord.The Tenant shall reimburse the Landlord for any attorney's fees or other costs which the
Landlord incurs in defending any such claim and if any judgment is recovered against the Landlord,or if
the Landlord makes any payment to discharge any such claim after first having given reasonable notice
to the Tenant of intention to do so,then the Tenant shall be required to reimburse the Landlord for
any such payment,together with interest at the legal rate. Provisions of this paragraph shall also apply
to the use of the property and any activities thereon as the result of any subleases.
8.ALTERATIONS, MODIFICATIONS, OR REPAIRS
8.1 Alterations and Additions by Tenant. Tenant shall not make or suffer to be made any
alterations, additions or improvements to the Premises or any part thereof without first obtaining
Landlord's written approval which shall not be unreasonably withheld.
8.2 Repairs.Tenant,at its sole expense,shall maintain the Leased Premises in a neat,clean and
sanitary condition. If Tenant fails to maintain or keep the Leased Premises in good repair and such
failure continues for ten (10) business days after receipt of written notice from Landlord, or if such
failure results in a nuisance or health or safety risk, Landlord may perform any such required
maintenance and repairs and the cost thereof shall be payable by Tenant as Rent within ten (10)
business days of receipt of an invoice from Landlord.Tenant shall also pay to Landlord the costs of any
repair to the Leased Premises, Building or Project necessitated by any act or neglect of Tenant.
9. INSURANCE
9.1 Tenant's Insurance. Tenant shall,at its own expense, procure and maintain during the Lease Term
sufficient insurance to cover any activities conducted on the premises,and any items owned by the
Tenant present on the premises.
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9.2 Hazard Insurance. Effective as of the date of this Lease,the Tenant shall insure the improvements
on the property against fires and perils covered by a standard extended coverage endorsement.The
Tenant shall pay all premiums of said insurance.Said insurance shall not cover personal property
owned by the Tenant/or any of its sublessees. The Tenant/or said sublessees shall pay for and
provide fire and peril insurance for said personal property.
9.3 liability Insurance.The Tenant shall keep in full force and effect throughout the initial term of the
lease and throughout every renewal term a policy of liability insurance, naming the Landlord as an
additional named insured.The coverage shall be no less than $1,000,000.00 for any claim.
10. ASSIGNMENT AND SUBLETTING
10.1 Assignment Prohibited. Tenant shall not, either voluntarily or by operation of law, assign,
transfer, mortgage, pledge, hypothecate or encumber this Lease or any interest therein, and shall not
sublet the Premises or any part thereof, or any right or privilege appurtenant thereto, or suffer any
other person (the employees, agents, servants and invitees of Tenant excepted) to occupy or use the
Premises, or any portion thereof, without first obtaining Landlord's written consent, which may be
withheld in Landlord's sole discretion.
11. HAZARDOUS MATERIALS
11.1 Compliance with Regulations.Tenant shall strictly comply with all statutes, laws,codes,
ordinances, rules, regulations and precautions now or hereafter mandated or advised by any federal,
state, local or other governmental agency with respect to the use,generation,storage,or disposal of
hazardous,toxic,or radioactive materials(collectively referred to as"Hazardous Materials.)
12 LANDLORD'S RESERVED RIGHTS
12.1 Additional Rights Reserved to Landlord.Without notice and without liability to Tenant,or without
effecting an eviction or disturbance of Tenant's use or possession, Landlord shall have the right to(a)
grant utility easements or other easements,subdivide or make other changes in the legal status of the
land underlying the Leased Premises as Landlord shall deem appropriate in its sole discretion; provided
such changes do not substantially interfere with Tenant's use of the Leased Premises for the Permitted
Purpose; (b)enter the Leased Premises at reasonable times, and at any time in the event of an
emergency,to inspect,alter or repair the Leased Premises or the Building and to perform any acts
related to the safety, protection,sale or improvement of the Leased Premises or the Building; (c)install
and maintain signs on and in the Building;and (d) make such Regulations as, in the reasonable judgment
of Landlord, may be needed from time to time for the safety of the tenants,the care and cleanliness of
the Leased Premises,the Building and the preservation of good order therein. Notwithstanding the
foregoing, however,such changes shall (i)be performed so as to not materially interfere with Tenant's
use of the Leased Premises;and(ii)provide for reasonable,temporary alternative access, parking or
services to the extent interruption thereof results from such changes.
12.2 Entry By Landlord. Landlord reserves and shall at any and all times have the right to enter the
Premises, inspect the same, supply any service to be provided by Landlord to Tenant hereunder, to
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submit the Premises to prospective purchasers or tenants, to post notices of non-responsibility,
and to alter, improve or repair the Premises and any portion of the Building of which the Premises are
a part that Landlord may deem necessary or desirable, without abatement of rent. Tenant hereby
waives any claim for damages or 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 occasioned
thereby. For each of the aforesaid purposes, Landlord shall at all times have and retain a key with
which to unlock all of the doors in, upon and about the Premises, excluding Tenant's vaults, safes and
files, and 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 without liability to
Tenant except for any failure to exercise due care for Tenant's property. Any entry to the Premises
obtained by Landlord by any of said means, or otherwise, shall not under any circumstances be
construed or deemed to be a forcible or unlawful entry into, or a detainer of, the Premises, or an
eviction of Tenant from the Premises or any portion thereof.
13. TERMINATION
13.1 Termination and Surrender. Tenant shall surrender possession of the property at the termination
of this Lease,or at the termination of any renewal term.The Tenant also covenants and agrees that if
the Tenant violates and fails to perform any of the covenants or agreements contained in this Lease
Agreement for 30 days after notice procured the same,then in any of those events the Tenant's right
of possession hereunder shall terminate,at the option of the Landlord,and in that case the Landlord
shall become entitled to the possession of the property and may repossess the same as of the
Landlord's former estate,and may remove the Tenant.The Landlord also has the right,without the
property or terminating this Lease,to sue for and recover all rents and other sums including damages
at any time and from time to time during the term of this Lease. At the time Tenant surrenders
possession or is removed,either because of termination of the Lease or for any other reason,the
property shall be in its present condition,ordinary wear and tear excepted,and all repair and
replacement obligations shall be satisfied.At the time of surrender of possession,the Tenant shall
have the right to remove all fixtures and equipment installed/and or purchased by the Tenant to the
extent that such removal can be accomplished without damage to the property.
13.2 Notice of Termination.Tenant has the right to terminate this lease during the lease period,upon
ninety(90)days written notice to Landlord. Should Tenant terminate the lease,the non-refundable
option fee of$105,000.00 will be forfeited by the Tenant and remain in the possession of the
Landlord.
14. TAXES
14.1 Taxes. Tenant shall pay and discharge all real property taxes and assessments which are levied,
assessed, imposed or charged upon the Premises or Property if any.Tenant shall pay and discharge all
personal property taxes which are levied, assessed, imposed or charged upon its personal property
(including, but not limited to, leasehold improvements, equipment, furniture, fixtures and personal
property located in the Premises) or which arise out of or resultfrom the activities carried on by
Tenant upon the Premises. Such taxes shall be paid by the party owing such taxes promptly when due,
provided that each party reserves the right, at their own cost and expense,to contest any taxes or
assessments which it deems to be improper or unreasonable.
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15.MISCELLANEOUS
15.1 Quiet Enjoyment. Subject to the rights of Landlord to enter into the Leased Premises as provided,
if and so long as Tenant pays all Rent and timely keeps and performs each and every term,covenant and
condition herein contained on the part of Tenant to be kept and performed,Tenant shall quietly enjoy
the Leased Premises without hindrance by Landlord.
15.2 Severability. The parties intend this Lease to be legally valid and enforceable in accordance with
all of its terms to the fullest extent permitted by Law. If any term hereof shall be stricken from this Lease
to the extent unenforceable,the same shall be as if it never had been contained herein. Such invalidity
or unenforceability shall not extend to any other term of this Lease,and the remaining terms hereof
shall continue in effect to the fullest extent permitted by Law,the same as if such stricken term never
had been contained herein.
15.3 Applicable Law. This Lease shall be construed according to the laws of the State of Colorado and
the provisions hereof shall be construed in accordance with their fair meaning. Each of the parties has
agreed to the use of the particular language hereof(and in all attached Schedules),and any questions of
doubtful interpretation shall not be resolved solely by any rule or interpretation providing for
interpretation against the party who causes the uncertainty to exist or against the draftsman.The
subject captions; use of different type fonts;or boldfaced, italicized or underlined words have been
inserted for convenience only and shall not be used to alter or interpret the content of this Lease.
15.4 Choice of Venue. Weld County shall be the proper venue for any disputes arising from this lease.
15.5 Binding Effect.The covenants,conditions,warranties and agreements contained in this Lease shall
be binding upon and inure to the benefit of the parties and their respective heirs,successors and
permitted assigns.
15.6 Time. Time is of the essence of this Lease.
15.7 Entire Agreement. This Lease and the Schedules attached set forth all the covenants, promises,
agreements, representations,conditions, statements and understandings between Landlord and Tenant
concerning the Leased Premises and the Building,and there are no representations, either oral or
written between the parties other than those in this Lease.Without limiting the foregoing,Tenant,
hereby,specifically waives any claims,rights,or defenses based on any warranties, representations or
guarantees,whatever their form, made at any time, by any party, negligently made or otherwise, except
those warranties, representations or guarantees contained in this Lease.This Lease shall not be
amended or modified except in a writing signed by both parties. Failure to exercise any right in one or
more instance shall not be construed as a waiver of the right to strict performance or as an amendment
to or modification of this Lease.
15.8 Notices. All notices,consents and approvals pursuant to this Lease shall be in writing,sent by(a)
reputable messenger or courier service; (b)a reputable private carrier of overnight mail; (c) personal
delivery by agent of Landlord, Managing Agent,or Tenant;or(d) mailed by United States mail, postage
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prepaid,certified mail, return receipt requested, in each case addressed(i)to Landlord or Tenant at the
address designated above with a copy to the Managing Agent,or(ii)to such other address as may
hereafter be designated by either party by written notice.Such notice shall be effective on the earlier to
occur of delivery to the stated address(or upon refusal to accept delivery)or if mailed,three(3) days
after posting at a United States Post Office,when mailed by certified mail to Landlord or Tenant at the
address designated above with a copy to the Managing Agent.
15.9 Force Majeure. Neither party to this Agreement shall be liable to the other for delays in delivery
or failure to deliver or otherwise to perform any obligation under this Agreement,where such failure is
due to any cause beyond its reasonable control, including but not limited to Acts of God,fires,strikes,
war,flood,earthquakes or Governmental actions.
15.10 Authority.Tenant warrants and represents that it has full authority to enter, into this Lease;that
this Lease constitutes a binding obligation on behalf of Tenant,and that the individual signing on behalf
of Tenant is duly authorized to bind Tenant hereto.
15.11 Default. In the event of any alleged default on the part of Landlord hereunder,Tenant shall give
written notice to Landlord and any mortgagee whose name and address have been supplied to Tenant,
in the manner herein set forth and shall afford Landlord and such mortgagee a reasonable opportunity
to cure any such default.
15.12 Extension or Modification. Any amendments or modifications to this agreement shall be in
writing signed by both parties. No additional services or work performed by Contractor shall be the basis
for additional compensation unless and until Contractor has obtained written authorization and
acknowledgement by County for such additional services. Accordingly, no claim that the County has
been unjustly enriched by any additional services,whether or not there is in fact any such unjust
enrichment,shall be the basis of any increase in the compensation payable hereunder.
15.13 Fund Availability. Financial obligations of the County payable after the current fiscal year are
contingent upon funds for that purpose being appropriated, budgeted and otherwise made available.
Execution of this Agreement by County does not create an obligation on the part of County to expend
funds not otherwise appropriated in each succeeding year.
15.14 Governmental Immunity. No term or condition of this contract shall be construed or interpreted
as a waiver,express or implied,of any of the immunities, rights, benefits, protections or other provisions,
of the Colorado Governmental Immunity Act §§24-10-101 et seq., as applicable now or hereafter
amended.
15.15 Board of County Commissioners of Weld County Approval. This Agreement shall not be valid
until it has been approved by the Board of County Commissioners of Weld County, Colorado or its
designee.
15.16 Rules and Regulations. Tenant agrees to follow all the Rules and Regulations attached to this
document.
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15.17 Nondiscrimination.The Tenant covenants that it will not discriminate upon the basis of race,
color, religion,sex, national origin, or handicap in the use and/or occupancy of the property.The
Landlord,the State of Colorado,and the United States shall be considered beneficiaries of and entitled
to enforce this covenant.
IN WITNESS WHEREOF, Landlord and Tenant have executed this Lease as of the day and year first above
written.
TENANT:
4-k ,...91/4_,„,..A)c2/
Title, Name �r�2 .�.� Date
LANDLORD��
ATTEST: dide4441 J•�•tok BOARD OF COUNTY COMMISSIONERS
Weld •u t Clerk to the Bo.rd WELD COUNTY,COLORADO
BY:
Deputy CI rk to the Boa .��l �,� a Freeman,Chair MAR 0 9 2016
APPROVED AS TO FUNDING: ROVED AS TO SUBSTANCE:
Controller I Elect d Official or Department Head
APPR D AS TO ORM:1/ &1/A/j/ Director of General Services
County Attorney
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i� -a71
Exhibit A(Amortization Schedule)
Amount Borrowed $300,000.00
Period 60
Rate 0.00541667
Monthly Payment $5,869.84
Ending
Months Beginning Payment Interest Principal Balance
May-16 1 $300,000.00 $5,869.84 $1,625.00 $4,244.84 $295,755.16
Jun-16 2 $295,755.16 $5,869.84 $1,602.01 $4,267.84 $291,487.32
Jul-16 3 $291,487.32 $5,869.84 $1,578.89 $4,290.95 $287,196.36
Aug-16 4 $287,196.36 $5,869.84 $1,555.65 $4,314.20 $282,882.17
Sep-16 5 $282,882.17 $5,869.84 $1,532.28 $4,337.57 $278,544.60
Oct-16 6 $278,544.60 $5,869.84 $1,508.78 $4,361.06 $274,183.54
Nov-16 7 $274,183.54 $5,869.84 $1,485.16 $4,384.68 $269,798.85
Dec-16 8 $269,798.85 $5,869.84 $1,461.41 $4,408.43 $265,390.42
Jan-17 9 $265,390.42 $5,869.84 $1,437.53 $4,432.31 $260,958.11
Feb-17 10 $260,958.11 $5,869.84 $1,413.52 $4,456.32 $256,501.79
Mar-17 11 $256,501.79 $5,869.84 $1,389.38 $4,480.46 $252,021.33
Apr-17 12 $252,021.33 $5,869.84 $1,365.12 $4,504.73 $247,516.60
May-17 13 $247,516.60 $5,869.84 $1,340.71 $4,529.13 $242,987.47
Jun-17 14 $242,987.47 $5,869.84 $1,316.18 $4,553.66 $238,433.81
Jul-17 15 $238,433.81 $5,869.84 $1,291.52 $4,578.33 $233,855.48
Aug-17 16 $233,855.48 $5,869.84 $1,266.72 $4,603.13 $229,252.35
Sep-17 17 $229,252.35 $5,869.84 $1,241.78 $4,628.06 $224,624.29
Oct-17 18 $224,624.29 $5,869.84 $1,216.71 $4,653.13 $219,971.16
Nov-17 19 $219,971.16 $5,869.84 $1,191.51 $4,678.33 $215,292.83
Dec-17 20 $215,292.83 $5,869.84 $1,166.17 $4,703.67 $210,589.15
Jan-18 21 $210,589.15 $5,869.84 $1,140.69 $4,729.15 $205,860.00
Feb-18 22 $205,860.00 $5,869.84 $1,115.07 $4,754.77 $201,105.23
Mar-18 23 $201,105.23 $5,869.84 $1,089.32 $4,780.52 $196,324.70
Apr-18 24 $196,324.70 $5,869.84 $1,063.43 $4,806.42 $191,518.28
May-18 25 $191,518.28 $5,869.84 $1,037.39 $4,832.45 $186,685.83
Jun-18 26 $186,685.83 $5,869.84 $1,011.21 $4,858.63 $181,827.20
Jul-18 27 $181,827.20 $5,869.84 $984.90 $4,884.95 $176,942.25
Aug-18 28 $176,942.25 $5,869.84 $958.44 $4,911.41 $172,030.85
Sep-18 29 $172,030.85 $5,869.84 $931.83 $4,938.01 $167,092.84
Oct-18 30 $167,092.84 $5,869.84 $905.09 $4,964.76 $162,128.08
Nov-18 31 $162,128.08 $5,869.84 $878.19 $4,991.65 $157,136.43
Dec-18 32 $157,136.43 $5,869.84 $851.16 $5,018.69 $152,117.74
Jan-19 33 $152,117.74 $5,869.84 $823.97 $5,045.87 $147,071.87
Exhibit A(Amortization Schedule)
Feb-19 34 $147,071.87 $5,869.84 $796.64 $5,073.21 $141,998.66
Mar-19 35 $141,998.66 $5,869.84 $769.16 $5,100.69 $136,897.98
Apr-19 36 $136,897.98 $5,869.84 $741.53 $5,128.31 $131,769.66
May-19 37 $131,769.66 $5,869.84 $713.75 $5,156.09 $126,613.57
Jun-19 38 $126,613.57 $5,869.84 $685.82 $5,184.02 $121,429.55
Jul-19 39 $121,429.55 $5,869.84 $657.74 $5,212.10 $116,217.45
Aug-19 40 $116,217.45 $5,869.84 $629.51 $5,240.33 $110,977.11
Sep-19 41 $110,977.11 $5,869.84 $601.13 $5,268.72 $105,708.40
Oct-19 42 $105,708.40 $5,869.84 $572.59 $5,297.26 $100,411.14
Nov-19 43 $100,411.14 $5,869.84 $543.89 $5,325.95 $95,085.19
Dec-19 44 $95,085.19 $5,869.84 $515.04 $5,354.80 $89,730.39
Jan-20 45 $89,730.39 $5,869.84 $486.04 $5,383.80 $84,346.58
Feb-20 46 $84,346.58 $5,869.84 $456.88 $5,412.97 $78,933.62
Mar-20 47 $78,933.62 $5,869.84 $427.56 $5,442.29 $73,491.33
Apr-20 48 $73,491.33 $5,869.84 $398.08 $5,471.77 $68,019.56
May-20 49 $68,019.56 $5,869.84 $368.44 $5,501.41 $62,518.16
Jun-20 50 $62,518.16 $5,869.84 $338.64 $5,531.20 $56,986.95
Jul-20 51 $56,986.95 $5,869.84 $308.68 $5,561.17 $51,425.79
Aug-20 52 $51,425.79 $5,869.84 $278.56 $5,591.29 $45,834.50
Sep-20 53 $45,834.50 $5,869.84 $248.27 $5,621.57 $40,212.92
Oct-20 54 $40,212.92 $5,869.84 $217.82 $5,652.02 $34,560.90
Nov-20 55 $34,560.90 $5,869.84 $187.20 $5,682.64 $28,878.26
Dec-20 56 $28,878.26 $5,869.84 $156.42 $5,713.42 $23,164.84
Jan-21 57 $23,164.84 $5,869.84 $125.48 $5,744.37 $17,420.47
Feb-21 58 $17,420.47 $5,869.84 $94.36 $5,775.48 $11,644.99
Mar-21 59 $11,644.99 $5,869.84 $63.08 $5,806.77 $5,838.22
Apr-21 60 $5,838.22 $5,869.84 $31.62 $5,838.22 $0.00
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