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GENERAL LEASE <br /> COLE MEMORIAL BUILDING <br /> July 20, 2005—July 20,2006 <br /> This lease is a legal agreement between the Tenant and the Landlord to rent the property <br /> described below. The word LANDLORD as used in the Lease means Pequot Lakes Historical <br /> Society and the Landlord's address is 4638 County Road 11,Pequot Lakes, MN 56472. The <br /> word TENANT as used in this Lease means Pequot Lakes Senior Citizen's Club. <br /> This Lease is a legal contract that can be enforced in court against the Landlord or the Tenant if <br /> either one of them does not comply with this Lease. <br /> 1. Description of Property. The Property is located at 100 Tower Square in the County of <br /> Crow Wing, State of Minnesota, on property described as follows: <br /> Cole Memorial Building <br /> 2. Terms of Lease. This Lease is for a term of one year beginning on July 20, 2005. <br /> a. The City of Pequot Lakes agrees to furnish water and sewer at no cost to the <br /> Pequot Lakes Senior Citizen Club. All maintenance and supplies will be at the <br /> expense of the Senior Citizen's Club. <br /> b. The Landlord shall have the right to use the premises and building for any and all <br /> City, State, and National Elections. <br /> c. The Landlord shall have the right to use the premises and building for special city <br /> occasions as needed by the City of Pequot Lakes, upon proper notification to the <br /> Tenant. <br /> 3. Rent. <br /> a. Amount. The rent for the property is one dollar($1.00)per year. <br /> b. Payment. The rent payment for each year must be paid before July 20th at <br /> Landlord's address. Landlord does not have to give notice to Tenant to pay the <br /> rent. <br /> 4. Quiet Enjoyment. If Tenant pays the rent and complies with all other terms of this <br /> Lease, Tenant may use the Property for the term of this Lease. <br />