HomeMy WebLinkAboutAmerican Promotional Events, Inc.-2009-04 PROPERTY LEASE AGREEMENT
This Property Lease Agreement ("Lease") is entered into by and between
COMMUNITY REDEVELOPMENT AGENCY OF GRAND TERRACE ("Lessor')
and AMERICAN PROMOTIONAL EVENTS, INC., a California Corporation,
d.b.a. Freedom Fireworks/Red Devil Fireworks/TNT Fireworks ("Lessee"), on
the terms and conditions below.
Lessor represents and warrants that it has the authority to lease that
certain real property located at 22293 BARTON ("The Premises") in the city of
GRAND TERRACE, California.
Lessor hereby leases to Lessee and Lessee leases from Lessor the
Premises. Lessor grants Lessee and a nonprofit organization designated by
Lessee the exclusive right to occupy the Premises for the sole purpose of
conducting the sale of "Safe and Sane" fireworks from June 28, 2009 to July 4,
2009. Lessee agrees to remove the temporary fireworks sales booth on or
before July 8, 2009, leaving the Premises clean and free of debris.
Lessee agrees to maintain and provide Public Liability and Property
Damage Insurance in the amount of TEN MILLION DOLLARS ($10,000,000.00)
combined single limits, pertaining to and protecting against liability arising from
the activities conducted at the Premises by Lessee and the nonprofit
organization. Lessor, and any other parties designated by the Lessor, will be
named as an additional insured on said policy and a certificate of insurance will
be provided Lessor prior to the occupancy of the Premises.
Lessee shall indemnify, hold harmless and defend Lessor from and
against any loss, claims or costs arising from the use of the Premises by
Lessee and the nonprofit organization.
This Lease is subject to cancellation in the event of either sale of, or
construction on, the property that would prohibit the use of the site. This Lease
is also subject to cancellation if, for any reason, the Lessee is unable to secure
a group to operate on the premises, or the nonprofit organization cannot
acquire and maintain all city, county, and state licenses and/or permits
necessary to operate a legal fireworks sale on the Premises in compliance with
1
applicable law. In the event of cancellation, Lessee shall give Lessor written
notice of the cancellation no later than June 15, 2009. Lessor shall refund the
rent paid within ten (10) days of such notice.
Lessee agrees to observe all of the obligations hereunder and Lessor
agrees Lessee shall have quiet possession and enjoyment of the Premises
during the term of this Lease.
This Lease contains the entire agreement between the parties. Any
amendment or modification hereto shall be effective only if in writing and signed
by both parties.
Rental consideration for this Lease shall be a total of ONE DOLLAR
(51.00).
COMMUNITY REDEVELOPMENT AGENCY OF GRAND TERRACE
Ol Date: June 23, 2009
AMERICAN PROMOTIONAL EVENTS, INC.
By: Date: 3////py
Rick Po
LOC# XXX0691
2