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LEASE AGREEMENT <br />LEASE AGREEMENT, made this 23rd day of March 1982, <br />between the VILLAGE OF ELK GROVE VILLAGE, Lessor, and ELK GROVE PARK. <br />DISTRICT, Lessee, <br />WHEREAS, the Elk Grove Park District is a municipal corporation; and <br />WHEREAS, Lessee conducts a football program of games and practices <br />for those boys who reside in and around the Village of Elk Grove Village; <br />and <br />WHEREAS, Lessee is interested in leasing an area of land to conduct <br />its football program; and <br />WHEREAS, the Village of Elk Grove Village is the owner of vacant <br />property for which it has no present need and has no present expectations <br />of future need within the next five years; and <br />WHEREAS, the Village of Elk Grove Village is interested in assisting <br />endeavors designed to benefit the youth residing within the community; <br />and <br />WHEREAS, it is mutually desirable to arrange a lease agreement between <br />the Village of Elk Grove Village and the Elk Grove Park District. <br />W I T N E S S E T H <br />That Lessor, for $1.00 per year good and valuable consideration, and <br />in consideration of the covenants and agreements hereinafter mentioned, to <br />be kept and performed by Lessee; has demised and leased to Lessee all <br />premises situated in the Village of Elk Grove Village, in the County of <br />Cook, State of Illinois, and described as follows, to wit; <br />The southerly 270.00 feet of the northerly 788.00 <br />feet of the north 951.83 feet as measured along <br />the west line of the southwest quarter of the <br />northeast quarter of Section 32, Township 41 North, <br />Range 11 (excepting therefrom the east 810.00 feet, <br />as measured along the north line). <br />also <br />That part of the southeast quarter of the northwest <br />quarter lying east of the east line of Wellington <br />Avenue as dedicated in Elk Grove Village, Section 15, <br />being a subdivision in Section 32, Township 41 North, <br />Range 11, East of the Third Principal Meridian, all <br />in Cook County, Illinois. <br />