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011-Sanford Municipal StadiumL E A S E THIS LEASE, made and entered into this 27th day of October , A.D. 19 71, by and between the CITY OF SANFORD, FLORIDA, a municipal corporation, hereinafter called "Lessor," and the DISTRICT SCHOOL BOARD OF SEMINOLE COUNTY, FLORIDA, here inafter called "Lessee," W I T N E S S E T H: For and in consideration of the sum of ONE DOLLAR, per year, together with other good and valuable consideration, as well as the covenants and agreements hereinafter contained, Lessor does rent and hire unto Lessee and Lessee rents and hires from Lessor the property in the City of Sanford, Florida, known as the Sanford Municipal Stadium, together with the adjacent City owned parking areas, for and during a period of forty (40) years commencing the 27th day of October , A.D. 19 71 , and ending on the last day of October , A.D. 20 , and upon the following terms and conditions. 1. Lessee shall use the demised premises for athletic games and events of all types for the various schools under its jurisdiction; the Lessee shall have the right to cancel this Lease at any time, upon ninety (90) days written notice addressed and delivered to the City Manager of the City of Sanford. 2. Lessee shall, during the term hereof, at its expense, perform all necessary maintenance and repair pertaining to the fences, grounds, grandstands, bleachers and light structures and to deliver up the premises at the termination of this Lease in the same condition as received, normal wear and tear excepted. Lessor will cooperate in maintenance of the grounds by from time to time making available to Lessee such equipment as in the sole judgment and discretion of Lessor is available; provided, however, in the event such equipment is furnished and repairs are necessary as a result of the utilization thereof by Lessee, Lessee shall promptly upon demand pay such sums as are required for such repair or replacement to Lessor. Lessee shall be responsible for all replacement of lights and lighting fixtures. 3. Lessee at all times will indemnify and save Lessor harmless from any and all fault, liability, damage, suits or other costs arising out of or in any way connected with the use or occupancy of the demised premises by Lessee, and in connection therewith, will maintain in force during the lease term a policy or policies of insurance protecting Lessor in a sum not less than ONE HUNDRED THOUSAND DOLLARS ($100,000.00) for personal injury to any one person and THREE HUNDRED THOUSAND DOLLARS ($300,000.00) for personal injury from any one accident, and TWENTY FIVE THOUSAND DOLLARS ($25,000.00) property damage.. 4. At or during all athletic contests or other utili- zation of the demised premises by Lessee, Lessee at its own cost and expense shall provide necessary police or other personnel for crowd control, security and traffic. 5. Upon the termination of this Lease, or its earlier cancellation by the Lessee, Lessee shall have the right and option to remove from the premises all appurtenances installed by the Lessee including, but not limited to, lighting poles, lighting equipment, lighting fixtures, fences, locker facilities and seating stands, whether such appurtenances installed by the Lessee are portable or affixed to the premises. In the event of removal of any item referred to herein, the Lessee will be responsible for all repairs of damages from the removal process. 6. Should the. e. s � e. discontinue athletic events at the nic al St diu 9siM"1 , tI Lease shall terminate and become r II and be null and void and of no further force and effect. -2- 7. The Lessee shall have the right and option to make such capital improvements as determined by the Lessee to be necessary and desirable, including additions and alterations to the present improvements, upon the premises at the Sanford Municipal Stadium. Said improvements shall be made at Lessee's expense and shall be subject to the approval of the Lessor. 8. Lessee acknowledges that it understands Lessor's agreement with Sanford Naval Academy pertaining to utilization of the demised premises for the Academy's school activities and agrees that said Academy shall have access to and utiliza- tion of the facilities on the same basis as schools under the jurisdiction of the Lessee. IN WITNESS WHEREOF, the parties hereto have caused these presents to be executed as of the 27th day of Octobe A.D. 19 7 1 CITY OF SANFORD FLORIDA By: t 1 1 9 A Mayor Attest: City Clerk DISTRICT SCHOOL BOARD OF SEMINOLE COUNTY, FLORIDA By: Chairman Attelst: t - 3 - Witnesses: