Lease of the Bluffs Police Department Office Space

This contract is a lease agreement between the City of Ridgefield and Tri-Mountain Investors, LLC for office space in the Bluffs Police Department building. The lease term is 10 years, with a commencement date of April 1, 2023, and an expiration date of June 30, 2034. The annual rent is $75,000 for the office space and $12,990 for the storage space. The contract includes provisions for rent increases, operating expenses, and insurance. The key aspects of this contract include: • Lease term: 10 years • Rent: $75,000 per year for office space, $12,990 per year for storage space • Operating expenses: Tenant is responsible for paying a portion of the center's operating expenses • Insurance: Tenant must maintain public liability insurance and casualty insurance • Maintenance and repairs: Landlord is responsible for maintaining the building's roof, gutters, and structure, while Tenant is responsible for maintaining the premises and paying for any repairs or replacements • Termination: Either party can terminate the lease with written notice in the event of substantial damage to the premises.