GROUND LEASE THIS GROUND LEASE (the "Lease") is made and entered into as of the _____ day of
, 2002, by and between the CITY OF LAWRENCE, KANSAS – a municipal ("Tenant"), a corporation
corporation ("Landlord"), and authorized to do business in Kansas. RECITALS
Landlord is a municipal government and City of the First Class, duly organized and existing under the laws of the State of Kansas. 1. Landlord is a municipal government and City of the First Class, duly organized and existing under the laws of the State of Kansas. 2. In furtherance of the purposes and pursuant to the provisions of the laws of the State of Kansas, and in order to provide for the economic development and welfare of the City of Lawrence and to provide employment opportunities for its citizens and to promote the welfare of the State of Kansas, Landlord has determined that it is in the best interests of the citizens of Lawrence, Kansas to lease certain real estate referred to in Article 1 of this Lease (the "Land") to Tenant for the rentals and upon the terms and conditions hereinafter set forth. 3. Tenant desires to lease the Land for the purpose of In consideration of the mutual covenants and agreements set forth herein, Landlord and Tenant do hereby agree as follows: _.
4.