Chamber Of Commerce ~ LE980001 ~ Parking Lot Lease PARIUNG LOT LEASE
Date: June 23, 1998 between:
City of Tigard ("Lessor")
and
Tigard Chamber of Commerce ("Lessee")
Recitals
Lessor and Lessee purchased certain property from Burlington Northern Railroad at the
conjunction of S.W. Main Street and S.W. Tigard Street, Tigard, Oregon. The property was partitioned
by Burlington Northern into two separate parcels with Lessor purchasing one parcel and Lessee
purchasing the other parcel.
Lessee has plans to construct a new building in 1998 for its occupancy on its parcel commonly
described as 12355 S.W. Main Street, Tigard, Oregon 97223. Lessor has plans to construct a parking
lot on its parcel facing S.W. Tigard Street.
Lessee requires additional parking spaces to meet City of Tigard Development Code parking
requirements in order to receive a Certificate of Occupancy for its building. Lessor desires to lease
parking spaces to lessee for Lessee's use and to assist Lessee to meet parking requirements.
Agreement
Lessor leases to Lessee and Lessee leases from Lessor the improvements and property located on
the following described property (the "Premises"):
a tract of land situated in the Northeast 1/4 of Section 2, Township 2 South, Range 1 West
Willamette Meridian, Washington County, City of Tigard, Oregon described as follows:
Parcel 2 of Partition Plat No. 1996-026 as recorded in Washington County Partition Plat Records.
on the terms and conditions stated below:
Section 1. Occupancy
1.1 Original Term. The term of this lease shall commence on the date Lessee occupies the
building planned to be constructed at 12355 S.W. Main Street, Tigard, Oregon and continue for two-year
intervals thereafter at the mutual option of both Lessee and Lessor, unless sooner terminated as provided
in this Agreement.
1.2 Possession. Lessee's right to possession and obligations under the lease shall commence
on the date said building is occupied by Lessee.
Page 1
1.3 Code Changes. Lease shall terminate if city parking requirements in the Central Business
District are amended and Lessee thereafter meets city parking requirements due to the code amendment.
However, if after amendments to the city parking requirements, and Lessee thereafter still does not meet
city parking requirements, this lease shall be renegotiated.
Section 2. Rent
2.1 Base Rent. During the original term, Lessee shall pay to Lessor as base rent the sum of
$1.00 per year.
2.2 Additional Lessees. If Lessee rents space in its building to others, Lessee shall collect
from such tenants, for the benefit of the Lessor, parking lease charges at the rate of$20.00 per month per
space rented, and shall remit all amounts collected to Lessor not less often than monthly. Parking lease
charges assessed to commercial tenants of Lessee's building shall comply with the number of spaces
required for business use using the City code standards.
Section 3. Use of the Premises.
3.1 Permitted Use. The Premises shall be used for a parking lot and for no other purpose
without the consent of Lessor, which consent shall not be withheld unreasonably.
3.2 Restrictions on Use. In connection with the use of the Premises, Lessee shall:
(1) Conform to all applicable laws and regulations of any public authority affecting
the premises and the use, and correct at Lessee's own expense any failure of compliance created
through Lessee's fault or by reason of Lessee's use, but Lessee shall not be required to make any
structural changes to effect such compliance.
(2) Refrain from any use that would be reasonably offensive to other lessees or
owners or users of neighboring premises or that would tend to create a nuisance or damage the
reputation of the premises.
(3) Lessee shall not cause or permit any Hazardous Substance to be stored overnight,
spilled, leaked, disposed of, or otherwise released on or under the Premises. The term Hazardous
Substance shall mean any hazardous, toxic, infectious or radioactive substance, waste, and
material as defined or listed by any Environmental Law and shall include, without limitation,
petroleum oil and its fractions.
3.3 Lessor's Use. Lessor may utilize the Premises for parking and special events during
hours that Lessee's offices are not open.
Section 4. Repairs and Maintenance.
4.1 Lessor's Obligations. The following shall be the responsibility of Lessor:
(1) Lessor shall improve the Premises by the construction of parking areas,
landscaping, irrigation, sidewalks, curbs, lighting and driveways.
Page 2
f
4.2 Lessee's Obligations. The following shall be the responsibility of Lessee:
(1) maintenance of the parking areas, landscaping, irrigation, sidewalks, curbs,
lighting and driveways;
(2) any repairs necessitated by activities of Lessee, its agents, employees, and
invitees.
Section 5. Alterations
5.1 Certain Alterations Allowed. Lessee shall supply, at its expense, signage for parking
spaces designated as public or lessee parking.
5.2 Other Alterations Prohibited. Lessee shall make no other improvements or alterations on
the Premises of any kind without first obtaining Lessor's written consent. All alterations shall be made in
a good and workmanlike manner, and in compliance with applicable laws and building codes.
5.3 Ownership and Removal of Alterations. All improvements and alterations performed on
the Premises by either Lessor or Lessee shall be the property of Lessor when installed unless Lessor
notifies Lessee otherwise. Improvements and alterations installed by Lessee shall, at Lessor's option, be
removed by Lessee and the premises restored unless Lessor notifies Lessee otherwise.
Section 6. Insurance.
6.1 Insurance Required. Lessee shall keep the Premises insured to Lessor's reasonable
satisfaction prior to commencement of Lessee's use of the Premises, and the insurance shall remain in full
force and effect throughout the term of this Lease. Any changes to insurance coverage that do not meet
the City insurance requirements shall void the remaining term of the Lease. Lessor may reasonably
change the level of minimum coverage and specific coverage required upon providing thirty days notice of
change to Lessee. Lessee shall conform to Lessor's changes. Lessee shall bear all costs of insurance.
Lessor shall be named as an additional insured on all insurance required to be carried by Lessee
on the Premises. Lessee's insurance shall contain provisions requiring no change, termination, or
cancellation of coverage shall occur except on 30 days prior written notice by the insurer to Lessor.
Lessee shall provide to Lessor, not less often than annually during the term of this lease, policies of
insurance or certificates thereof setting forth the terms of required coverage.
Section 7. Taxes; Utilities.
7.1 Property Taxes. Lessee must annually provide all notice and documentation of its use of
Premises to the Washington County Department of Assessment and Taxation. Lessee is responsible for
paying any and all real property taxes and assessments assessed to the property as a result of any loss
(temporary or total) of tax exempt status of the Premises. As used herein, real property taxes includes
any fee or charge relating to the ownership, use, or rental of the Premises.
7.2 Special Assessments. If an assessment for a public improvement is made against the
Premises, Lessor may elect to cause such assessment to be paid in installments, in which case all of the
installments payable with respect to the lease term shall be treated the same as general real property taxes
for purposes of Section 7.1.
Page 3
7.3 Payment of Utilities Charges. Lessee shall provide, at lessee's expense, water and
electricity to the Premises for the reasonable public use of the Premises.
Section 8. Damage and Destruction. If the Premises are damaged, the Premises shall be repaired by
Lessee at Lessee's expense if damage is attributable to Lessee's activities. If damage is attributable to
Lessor's activities or occurs during periods when the offices of Lessee and all other tenants of the Lessee's
building are closed, Lessor shall be financially responsible for repairs.
Section 9. Liability and Indemnity. Lessee shall indemnify and defend Lessor from any claim, loss,
or liability arising out of or related to any activity of Lessee, its customers, clients, staff, or other users
of Lessee's facility on the Premises or any condition of the Premises in the possession or under the
control of Lessee. Lessee's obligation to indemnify shall include the duty to defend Lessor at Lessee's
expense by counsel reasonably acceptable to Lessor.
Section 10. Warranty and Authorization. Lessor warrants that it is the owner of the Premises and has
the right to lease them. Lessor authorizes Lessee to enforce parking restrictions, including, but not
limited to, towing and removing unauthorized or abandoned vehicles.
Section 11. Assignment and Subletting. No rights or property under this Agreement may be
assigned or subleased, nor may a right of use of any portion of the property be conferred on any third
person by any other means, without the prior written consent of Lessor. This provision shall apply to all
transfers by operation of law. No consent in one instance shall prevent the provision from applying to a
subsequent instance. Lessor may withhold or condition such consent in its sole and arbitrary discretion.
Section 12. Default. The following shall be events of default:
12.1 Default in Rent. Failure of Lessee to pay any rent or other charge within 10 days after
written notice that it is due.
12.2 Default in Other Covenants. Failure of Lessee to comply with any term or condition or
fulfill any obligation of the lease (other than the payment of rent or other charges) within 20 days after
written notice by Lessor specifying the nature of the default with reasonable particularity. If the
default is of such a nature that it cannot be completely remedied within the 20 day period, this provision
shall be complied with if Lessee begins correction of the default within the 20 day period and thereafter
proceeds with reasonable diligence and in good faith to effect the remedy as soon as practicable.
12.3 Insolvency. Insolvency of Lessee; an assignment by Lessee for the benefit of creditors;
the filing by Lessee of a voluntary petition in bankruptcy; an adjudication that Lessee is bankrupt or the
appointment of a receiver of the properties of Lessee; the filing of any involuntary petition of bankruptcy
and failure of Lessee to secure a dismissal of the petition within 30 days after filing; attachment of or the
levying of execution on the leasehold interest and failure of Lessee to secure discharge of the attachment
or release of the levy of execution within 10 days shall constitute a default.
12.4 Abandonment. Failure of Lessee for 30 days or more to occupy the Premises for one or
more of the purposes permitted under this lease, unless such failure is excused under other provisions of
this lease.
Page 4
t 0 0
Section 13. Remedies on Default.
13.1 Termination. In the event of a default the lease may be terminated at the option of Lessor
by written notice to Lessee. Whether or not the lease is terminated by the election of Lessor or otherwise,
Lessor may reenter, take possession of the premises, and remove any persons or property by legal action
or by self-help with the use of reasonable force and without liability for damages and without having
accepted a surrender.
13.2 Lessor's Right to Cure Defaults. If Lessee fails to perform any obligation under this
lease, Lessor shall have the option to do so after 15 days' written notice to Lessee. All of Lessor's
expenditures to correct the default shall be reimbursed by Lessee on demand with interest at the rate of
9% annum from the date of expenditure by Lessor. Such action by Lessor shall not waive any other
remedies available to Lessor because of the default.
13.3 Remedies Cumulative. The foregoing remedies shall be in addition to and shall not
exclude any other remedy available to Lessor under applicable law.
Section 14. Surrender at Expiration.
14.1 Condition of Premises. Upon expiration of the lease term, termination upon mutual
agreement of the Lessor and Lessee, or earlier termination on account of default, Lessee shall surrender
the Premises in reasonable wear and tear condition. Alterations constructed by Lessee with permission
from Lessor shall not be removed or restored to the original condition.
14.2 Fixtures. Any fixtures placed upon the Premises during the term shall, at Lessor's
option, become the property of Lessor. If Lessor so elects, Lessee shall remove any or all fixtures that
would otherwise remain the property of Lessor, and shall repair any physical damage resulting from the
removal. If Lessee fails to remove such fixtures, Lessor may do so and charge the cost to Lessee with
interest at the legal rate from the date of expenditure.
Section 15. Miscellaneous.
15.1 Nonwaiver. Waiver by either party of strict performance of any provision of this lease
shall not be a waiver of or prejudice the party's right to require strict performance of the same provision
in the future or of any other provision.
15.2 Attorney Fees. If suit or action is instituted in connection with any controversy arising
out of this lease, the prevailing party shall be entitled to recover in addition to costs such sum as the court
may adjudge reasonable as attorney fees at trial, on petition for review, and on appeal.
15.3 Notices. Any notice required or permitted under this lease shall be given when actually
delivered or 48 hours after deposited in United States mail as certified mail addressed to the address first
given in this lease or to such other address as may be specified from time to time by either of the parties
in writing.
15.4 Succession. Subject to the above-stated limitations on transfer of Lessee's interest, this
lease shall be binding on and inure to the benefit of the parties and their respective successors and assigns.
15.5 Recordation. This lease shall not be recorded without the written consent of Lessor.
Page 5
Section 16. Arbitration.
16.1 Disputes May Be Arbitrated. If any dispute arises between the parties, either party may
request arbitration. Either party may apply to the presiding judge of the judicial district where the
premises are located to appoint the required arbitrator.
16.2 Procedure for Arbitration. The arbitrator shall proceed according to the Oregon statutes
governing arbitration, and the award of the arbitrators shall have the effect therein provided. The
arbitration shall take place in the county where the leased premises are located. Costs of the arbitration
shall be shared equally by the parties, but each party shall pay its own attorney fees incurred in connection
with the arbitration.
Lessor:
Triga�d A�� CJu�r,►6v�of C�''��►,e-c�
Lessee:
Page 6
PARKING LOT LEASE
Date` June 23, 199.8 'between:
City of Tigard ("Lessor")
and
Tigard Chamber:of Commerce ("Lessee")
Recitals
Lessor and Lessee purchased certain property from.Burlington.Northern Railroad at the
conjunction of S.W. Main Street and'S.W. Tigard Street, Tigard,,Oregon. The property was partitioned
'by Burlington Northern into two separate parcels with Lessor purchasing one parcel and Lessee
purchasing the other parcel.
Lessee has plans to construct a new building in 1998 for its,occupancy on its parcel commonly
described as 12355 S.W. 'Main Street, Tigard, Oregon 97223. Lessor has plans to construct a parking
lot on its parcel facing S.W.,.Tigard Street.
Lessee requires additional parking spaces to meet City of Tigard Development Code parking
requirements in order to receive a Certificate of Occupancy for its building. Lessor desires to lease
parking spaces to lessee for Lessee's use and to assist Lessee to meet parking requirements.
Agreement
Lessor leases to Lessee and Lessee'leases from Lessor the improvements and property located on
the following described property (the "Premises")`
a tract of-land situated in the Northeast 1l4 of Section 2,,Township 2 South, Range 1 West
Willamette Meridian, Washington County, City of Tigard, Oregon described as follows:
Parcel 2 of Partition Plat No. 1996-026 as recorded in Washington County Partition Plat Records.
on the terms'and.conditions stated below:
Section 1. Occupancy
1.1 Original Term. The term of this lease shall commence:on the date Lessee occupies the
building planned to be constructed at 12355 S.W. Main Street, Tigard, Oregon and continue for two-year
intervals thereafter at the mutual option of both Lessee and Lessor, unless sooner terminated as provided
in this Agreement.
1.2 Possession. Lessee's right to possession and obligations under the lease shall commence
on the date said building is occupied by Lessee.
Page 1
1.3 Code Changes. Lease shall terminate if city parking,:requirements.in the Central Business
District are amended and Lessee thereafter meets city parking requirements due to the code amendment.
However; if after amendments to the city parking requirements, and Lessee thereafter still does not meet
cityparking requirements, this lease shall be renegotiated.
Section 2. Rent-
2.1
ent2.1 Base Rent. During the original term, Lessee shall pay to Lessor as base rent the sum of
$1 a00 per year.
2.2 Additional Lessees. If'Lessee rents space in its building to others, Lessee shall collect
from such tenants, for the benefit of the Lessor, parking lease charges at the rate of$20.00 per month per
space rented, and shall remit all amounts collected to Lessor not: ess often than monthly. Parking lease
charges,assessed to commercial tenants of!Lessee's building shall comply with the number of spaces
required for business use using the City code standards.
Section 3. Use of the Premises.
3.1 Permitted Use. The'Premises shall be used for a parking lot and for no other purpose
without the consent of Lessor, which;consent shall not be withheld unreasonably.
3.2 Restrictions on Use. "In connection with the use of the Premises, Lessee shall:
(1) Conform toall applicable laws and regulations of:any public authority affecting
the premises and the use, and correct at Lessee's own expense any failure of compliance created
through Lessee's fault or by reason of Lessee's use, but'Les_see shall not be required to make any
structural changes to effect such compliance.
(2) Refrain from any use that would be.reasonably offensive to other lessees or
owners or users of neighboring premises or that would tend to "create a nuisance or damage the
reputation of the premises.
(3) Lessee shall not cause or permit any Hazardous Substance to be stored overnight,
spilled, leaked, disposed of, or otherwise released on or under the Premises. The term Hazardous
Substance shall mean any'hazardous, toxic, infectious or radioactive substance, waste, and
material as defined or listed by any Environmental Law and shall include, without limitation,
petroleum oil and its fractions.
3.3 Lessor's Use. Lessor may utilize the Premises for parking and special events during
hours that Lessee's offices are not open.
Section 4. Repairs and Maintenance.
4.1 Lessor's Obligations. The following shall be the.responsibility of Lessor:
(1) Lessor shall improve the Premises by the construction of parking areas,
landscaping, 'irrigation, sidewalks;.curbs, lighting and driveways.
Page 2
4.2 Lessee's Obligations. The following shall be the responsibility of Lessee:
(1) maintenance of.the parking areas, landscaping, irrigation, sidewalks, curbs,
lighting,and driveways;
(2) any repairs necessitated by activities of Lessee; its agents, employees, and
invitees.
Section 5. Alterations
5.1 Certain Alterations Allowed. Lessee shall supply, at its expense, signage for parking
spaces designated_as public or lessee parking.
5.2 OtherAlterations Prohibited. Lessee shall make no other improvements or alterations on
the Premises of any kind without first obtaining Lessor's written consent. All alterations shall be made in
a good and workmanlike manner, and,in compliance with applicable`laws and building codes.
5.3 Ownership and Removal of Alterations. All'improvements and alterations performed on
,the.Premises by either Lessor or Lessee,shall be the property of Lessor when installed unless Lessor
notifies Lessee otherwise. Improvements and alterations installed by Lessee shall, at Lessor's option, be
removed by Lessee and the premises restored unless Lessor notifies Lessee otherwise.
Section 6. Insurance.
61 Insurance Required. Lessee shall keep the Premises insured to Lessor's reasonable
satisfaction prior to commencement of Lessee's use of the Premises, and the insurance shall remain in full
force and effect throughout the term:of this.Lease. Any changes to insurance coverage that do not meet
the City insurance requirements'shall void the.remaining term of the Lease. Lessor may reasonably
change the level of minimum coverage and specific coverage required upon providing thirty days notice of
change to Lessee. Lessee shall conform Ito Lessor's changes. Lessee:shall bear all costs ofinsurance.
Lessor'shall'be named as an additional insured on all insurance required to be carried by Lessee
on the Premises. Lessee's insurance shall contain provisions requiring a&change, termination, or
cancellation of;coverage shall occur except on 30 days prior written notice-by the.insurer to Lessor.
Lessee shall provide to Lessor; not.less often than..annually during the.term of this lease, policies of
insurance or-certificates thereof setting forth the terms of required coverage.
Section 7. Taxes; Utilities.
7.1 Property Taxes: Lessee must,annually provide all notice and documentation of its use of
Premises to the Washington County.Department of Assessment and Taxation. Lessee is responsible for
paying any and.all'real property taxes and assessments assessed to:the,property as a result of any loss
(temporary or total) of tax exempt status of the Premises.' As used herein, real property taxes includes.
any fee or charge relating to:the ownership; use, or rental of the Premises.
7.2 Special Assessments. If an assessment for a public improvement is made against the
Premises, Lessor'may elect to cause such assessment to be paid in installments, in which case all of the
installments payable with respect to the lease term shall be treated the same as general real property taxes
for purposes of Section 7.1.
Page 3.
7.3 Payment of Utilities Charges. Lessee shall provide, at lessee's expense; water and
electricity to the Premises.for the reasonable public use of the Premises.
Section 8. Damage.and Destruction: If the Premises are damaged, the Premises shall be.repaired by
Lessee at Lessee's expense if damage is.attributable to Lessee's activities. If damage is attributable to
Lessor's activities'or occurs during periods when the offices bf Le"ssee and all other tenants of the Lessee's
building are closed,,Lessor shall be financially responsible for "repairs.
Section 9. Liability and Indemnity. Lessee"shall indemnify"and,defend Lessor from any claim, loss,
or liability arising:out of or related to any activity of Lessee; its customers; clients, staff, or other,users
of Lessee's facility on the Premises or any condition of the.Premises in.the possessioii or'under the
control'of Lessee. Lessee's obligation to indemnify shall include the duty to defend Lessor at Lessee's
expense by counsel reasonably acceptable to Lessor.
Section 10. Warranty and Authorization. Lessor warrants that it is the owner of the Premises and has
the right to lease them Lessor authorizes.Lessee to enforcez parking restrictions, including, but not
limited to; towing and removing unauthorized or abandoned vehicles. .
Section 11. Assignment and Subletting. No rights orproperty.under this Agreement may be
assigned or,subleased, nor may a right:of,use,of any portion of the,property, be conferred on any third
person by.any other means, without theyprior written consent of Lessor. This provision shall apply to all
transfers by operation of law. No consent in one instance shall prevent the,provision from applying to a
subsequent instance. Lessor may withhold or condition such consent,in its sole and arbitrary discretion.
Section 12. Default. The following,shall be events of default:
12.1 Default in Rent.. Failure of Lessee.to pay any,rent or othe.r charge within 10 days after
written notice that it`is due.
12.2 Default in Other Covenants. Failure of Lessee to comply with any term or condition or
fulfill any obligation of the lease (other than'the payment of rent or dd erkcharges) within 20 days after
written notice by:Lessor specifying the nature of,the default,With.reasonable particularity. If the
default is.of.such a nature that it cannotbe completely remedied within the 20 day period, this provision
shall be complied with if Lessee begins correction of the de_fAu_ lt;"within the 20 .ay:period,and thereafter
proceeds with reasonable diligence and:in good faith to effect.the remedy-as soon as practicable.
12.3 Insolvency. Insolvency of Lessee; an assignment by Lessee;'for the benefit of creditors;
the filing by Lessee of a voluntarypetition in bankruptcy; an adjudication that Lessee is bankrupt or the
appointment of'a receiver of the properties of Lessee; the filing of-any.involuntary petition of bank-ruptcy
and failure of`Lessee to secure a dismissal of the petition within 30 days`after.filing; attachrnent'of or the
levying of execution:on the leasehold interest and failure of Lessee io secure discharge of the attachment
or release of the levy of execution within 10 days shall constitute a default.
12A Abandonment. Failure of Lessee for 30 days or more,to occupy the.Premises for one or
more of thepurposes permitted under this lease, unless such,failure is excused under other provisions of
this lease.
Page 4
Section 13. Remedies on Default.
1- .1 3. Termination., In`the event of a default the lease may be terminated at,the option of Lessor
by written notice to Lessee., Whether or not the lease is terminated by the election of,Lessor or otherwise, .
Lessor may,reenter,,take possession,,of the premises, and remove any persons,or:property by legal action
or by.self'help.with the use of reasonable force and without,liability for damages and without having
accepted a surrender.
13:2 Lessor`s Right to Cure Defaults. If Lessee fails-.to perform any obligation under this
lease, Lessor.shall have the option to do so after 15 days` wr-itten'aofice to Lessee. All of Lessor's
expenditures to correct the default shall`be reimbursed by Lessee on demand with•interest at the rate of
9% annum-from the date of expenditure by.Lessor.. Such action by Lessor shall not waive any other
remedies available to Lessor because of the default.
13.3' Remedies Cumulative. The foregoing remedies shall be in addition-to and shall not
exclude any other_remedy available to Lessor-under applicable law.
Section 14. Surrender atExpiration.
14.1 Condition.of Premises:. Upon expiration of the lease term, termination upon mutual
agreement of the Lessor and Lessee, or earlier termination on•account of default, Lessee:shall surrender
the Premises in reasonable wear and',tear condition. Alterations constructed by Lessee'with permission
from Lessor shall not be removed or,restored to the original condition.
14.2, Fixtures. Any fixtures',placed upon the Premises during the term shall, at;Lessor's.
option,•become the property of'Lessor. If.Lessor so elects, Lessee shall remove any or all.fixtures that
-would otherwise_remain the property of Lessor, and shall repair any physical damage resulting.from the.
removal: If Lessee fails to,remove"such fixtures, Lessor may dorso and charge the cost to Lessee with
interest at the legal'rate from,the date of expenditure.
Section 15. Miscellaneous.
15.1 Nonwaiver. Waiver by either party.of,strict performance of any provision.of this lease
shall not be�a waiver.of or-prejudice the party's right to require strict performance of the same provision
in the future or Of any othdi provision.
15.2 Attorney Fees. If suitor action is instituted in connection'-with any.controversy,ar'ising
out,of"thislease, the prevailing party shall be entitled to recover in,addition to costs such sum as the court
may adjudge reasonable:.as attorney'fees at=trial, on petition for review, and on appeal.
15.3 Notices. .Any notice,required or permitted under;tl is ease shall Abe given when actually
delivered or 48 hours after deposited in United States mail.as certified.mail addressed to the address first
given-,in this leasee or to such other address as may be-specified from.time`to time by either of the parties
in writing..
15.4 Succession. 'Subject to the,above-stated limitations on transfer of Lessee's interest,'this
,lease.shall be binding.on and inure to the benefit of the parties,and their respective successors and assigns.
15.5 Recordation. This-lease shall not be recorded without the written consent of,Lessor.
Page 5
Section 16. Arbitration.
16.1 Disputes'May Be Arbitrated. If any dispute,arises,between,the parties, either party may
;request arbitration. Either party May,apply'to the,presiding judge of the judicial district where the
premises are located to appoint the required arbitrator:.
16,:2 Procedure for Arbitration. The arbitrator shall'proceed according to the Oregon statutes
governing arbitration, and the award of the arbitrators shall have the effect therein 09—ided. 'The
arbitration shall:.take place in the countywhere the leased.premises are located. Costs of the arbitration
hall be shared equally°by the parties, but each party shall pay its own.aitorney.-'fees incurred in connection
with the arbitration.
"Lessor:
7ri`yuMJ 9�er; Clc�rndv�-of (�+�,e.-c� .
Lessee:
,Page 6