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HomeMy WebLinkAboutRESOLUTION - 36-06 - 9/12/2006 - GROUND LEASE AGREEMENTRESOLUTION NO. 36-06 A RESOLUTION AUTHORIZING THE MAYOR AND VILLAGE CLERK TO EXECUTE A GROUND LEASE AGREEMENT BETWEEN THE VILLAGE OF ELK GROVE VILLAGE AND CHICAGO SMSA LIMITED PARTNERSHIP d/b/a VERIZON WIRELESS (676 MEACHAM ROAD) NOW, THEREFORE, BE IT RESOLVED by the Mayor and Board of Trustees of the Village of Elk Grove Village, Counties of Cook and DuPage, State of Illinois, as follows: Section 1: That the Mayor be and is hereby authorized to sign the attached documents marked: GROUND LEASE AGREEMENT a copy of which is attached hereto and made a part hereof as if fully set forth and the Village Clerk is authorized to attest said documents upon the signature of the Mayor. Section 2: That this Resolution shall be in full force and effect from and after its passage and approval according to law. VOTE: AYES: 5 NAYS: 0 ABSENT: 1 PASSED this 12`h day of September 2006 APPROVED this 12`h day of September 2006 APPROVED: Mayor Craie B. Johnson Village of Elk Grove Village ATTEST: Ann I. Walsh, Villaee Clerk (:ruundLen.V %Qnl(% e iam GROUND LEASE AGREEMENT 1: Definitions of Terms Used in this Document: 1.1 Landlord's Contact Person 1.10 Propem Village Manager Landlord is the owner of Village of Elk Grove Village certain real property (the "Land") 901 Wellington with the common address of Elk Grove Village, IL 60007 676 Meacham Rd., Elk Grove Village (847) 357-4010 Illinois, 60007. The Land is legally described in Exhibit A. 1.2 Landlo Village of Elk Grove Village 1.11 Promises 901 Wellington Ave. Landlord hereby leases to and Tenant Elk Grove Village, IL 60007 leases from Landlord, approximately 560 square feet of Land and all access and 1.3 Name and Address for Payment of Rent utility easements (the "Premises") as Village of Elk Grove Village described in Exhibit B to this Agreement 901 Wellington Avenue Elk Grove Village, IL 60007 1.12 Lease Atm: Finance Dept. This Ground Lease Agreement including Exhibits A and B. 1.4 Taxpayer ID E9998-1017-02 1.13 Tenant Chicago SMSA Limited Partnership 1.5 Property identification Number d/b/a Verizon Wireless 07-36-100-006-0000 1.14 Tenant's Contact Person 1.6 Commencement Date Marisa C. Green Beginning of Construction Verizon Wireless 1515 Woodfield Rd., Suite 1400 Schaumberg, IL 60173-5440 1.7 jgLm Five (5) years 1.15 Tenant's Address One Verizon Way 1.8 Initial Rent Basking Ridge, NJ 07920 annually $25,500.00 or monthly $ 2,125.00 1.9 Signing Bonus $10,000 (due within 30 days of Commencement) 1.10 Renewal Tums Four (4) Five (5) year terms as described in section 2.2. 2: Term and Options to Extend 2.1 Initially. The term of this Lease shall be for five (5) years and terminating on the fifth anniversary of the Commencement Date (the "Term'7, unless otherwise terminated as provided in Paragraph 18. 2.2 Option to Extend. The term of this Lease shall be automatically renewable for a total of four (4) additional five (5) year terms ("Renewal Terms") each following the original term or any renewable term at the annual rental stated below and otherwise upon the some terms and conditions stated in this Lease. if Tenant desires not to extend any subsequent term of the Lease, it shall give Landlord written notice of its intention not to extend the term at least sixty (60) days prior to the expiration of the then current term, whereupon the Lease shall be deemed canceled upon the expiration of the then current term. 2.3 Rent During Extension Terms. (A) Rent shall be increased on each anniversary of the Commencement Date by an amount equal to four percent (4^/0) of the rent for the previous year. 2.4 Construction of Tenant's Building: 2.4.1 Construction of Building Tenant has proposed the construction of an equipment enclosure with external dimensions of approximately 12'x 30' and located on a leased parcel of land measuring 14 x 40 to be located as specified on Exhibit B. Tenant undertakes full and complete responsibility at all times hereafter for the expenses of and quality of, construction and compliance with all code requirements and regulations of governmental authorities having jurisdiction over the construction, including but not limited to compliance with acts effecting construction of public buildings and service areas used by public employees, and Tenant agrees to remedy or correct any deficiencies with such compliance. The construction shall be processed pursuant to permit and conducted by authorized and licensed personnel and shall be performed in compliance with local and State requirements for construction activities upon public property. The construction work shall proceed without interference or disruption, or minimalization of same, to the current operations of the Fire Department and Public Works operations. STANDARD PROVISIONS 3: Additional Yearly Terms. Intentionally deleted 4: Methods of Payment 4.1 First Rent Payment Not later than Fourteen (14) days after the Commencement Date, Tenant shall pay Lant lord rent for the fast two (2) full calendar months of the Term. 4.2 Subsequent Monthly Rent Payments. Effective with the first (1st) day of the third (3rd) calendar month of the Term rent shall be payable monthly in advance on the first (1 st) day of each calendar month. Rent for any fractional month at the beginning or at the end of the Term or Renewal Term shall be prorated. 43 Location for Payment All rem shall be paid to Landlord at the Address for Payment of Rem or to another person, firm or place which the Landlord may from time to time designate in writing at least forty-five (45) days in advance of a rent payment date. 4.4 Payment of Signing Bonus. Not later than Thirty (30) days after the Commencement Date, Tenant shall pay Landlord a one-time bonus payment of Ten Thousand Dollars ($10,000), which shall be in addition to any other Rent due hereunder. 5: Use of Property. Tenant may use the Property for lawful telecommunications purposes and related site preparation, improvements and maintenance purposes in accordance with local rules and governmental regulations. 6: Tenant's Installation. 6.1 Improvements. Tenant has the right to erect, maintain and operate on the Premises: radio communications facilities (including without limitation antennas, electronic equipment, an air conditioned equipment shelter, fixtures, cables, transmission lines, utility lines and any other personal property as necessitated and either specified in the site survey attached hereto or later approved of by Landlord) and make any other improvements ("Tenant's Faciliticel. Tenant may from time to time replace any of these items with new or different items with the same or different specifications so long as their installation is otherwise in compliance with this Lease and applicable laws, ordinances and codes. 6.2 Workmanlike Construction. Tenant agrees that the installation shall be completed in a neat, workmanlike manner consistent with good engineering practices. All costs of the installation, including, but not limited to, the cost of extending Landlord's electrical service to Tenant's equipment, will be paid by the Tenant. 6.3 Title to Various Items. Landlord shall, at all times, be the sole and exclusive owner of the Property. The Tenant shall at all times be the sole and exclusive owner of Tenant's Facilities. All of Tenant's Facilities shall remain Tenant's personal property and are not fixtures. 6.4 Utilities. Tenant shall pay for the electricity it consumes in its operations at a rate charged by the servicing utility company. Tenant shall have the right to draw electricity, gas and telco from the existing utilities on the Property or obtain separate utility service from any utility company that will provide service to the Property (including a standby gas power GENRAC generator to be placed on a 9' 8" x 6' 4" pad located within Tenant's Facilities for Tenant's exclusive use). If said separate utility company requires written permission or proof that Tenant has rights to the Premises, Landlord agrees to sign any documents verifying Tenants status in regards to the Premises. In the event the said utility company is unable to use the aforementioned right-of-way from which LESSEE would otherwise draw electricity, the LESSOR hereby agrees to grant an additional right-of-way either to the LESSEE or to the public utility at no cost to the LESSEE. 7: Taxes. Tenant shall be solely responsible for and shall timely pay all personal property taxes levied and assessed against it or its personal property. Tenant shall not be responsible for any real estate, special assessments or similar taxes relating to the Property except to the extent permitted by statute for the value of Tenant's leasehold estate. Tenant shall have the right to contest all taxes, assessments, charges and impositions, and Landlord agrees to join in such contest, ifregoired by law, and to permit Tenant to proceed with the contest in Landlord's name, provided that the expense of the contest is borne by Tenant, including but not limited to attomey's fees. 8: Indemnification. Landlord and Tenant hereby agree to indemnify, defend and hold each other harmless from and against any claim of liability or loss from personal injury or properly damage in connection with the Property or resulting from or arising out of the use and occupancy of the Property by the indemnifying party or its agents, excepting, however, such claims or damages as may be due to or caused by the acts of the indemnified party or its agents. Neither party shall have any obligations under this Paragraph unless notified in writing of any such claim or loss within thirty (30) business days of receipt by the other party of notice of such claim or loss. 9. Insurance. During the Term and Renewal Term of this Lease, Tenant shall carry and maintain commercial general liability insurance, naming the Landlord as an additional insured, insuring against liability for injury to persons or property occurring in or about the property or arising out of the ownership, maintenance, use or occupancy thereof Coverage under such policy shall not be less than $1,000,000.00 per occurrence for personal injuries and not less than $50,000.00 per occurrence for property damage or $2,000,00.00 combined single coverage for bodily injury and property damage. In addition, Tenant shall cant' and maintain worker's compensation insurance in the statutory amount throughout the term of this Lease. Tenant shall provide Landlord with a certificate of insurance evidencing such coverage required by this paragraph within fifteen (15) days of the Commencement Date. 10. Landlord's Representations. In order to induce Tenant to enter into this Lease, Landlord covenants, represents and warrants, as of the date of this Lease and throughout its Tenn, as follows: 10.1 Authority. Landlord is solvent and the owner of the Property in fee simple. Landlord has full authority to execute, deliver, and perform this Lease and is not in default of any mortgage affecting this Property. 102 No Condemnation. Landlord has received no actual or constructive notice of any condemnation or eminent domain proceedings or negotiations for the purchase of the Property, or any part, instead of condemnation. 10.3 No Unrecorded Liens. Landlord has not performed and has not caused to be performed any work on the Property during the six months preceding the date of this Lease which could give rise to any mechanic's or materialmen's liens. There are no unrecorded easements or agreements affecting the Property. 11: Easements. 11.1 Granted. For the Term and Renewal Terms of this Lease, Landlord grants to Tenant, and its agents, employees, contractors, guests and invitees, a non-exclusive right and easement for pedestrian and vehicular ingress and egress across that portion of the Land described in Exhibit B. Tenant and its authorized representatives shall have the right of ingress and egress to and from the Property twenty-four (24) hours a day, seven (7) days a week, at no charge. 112 Modifications. If subsequent to the date of this Lease it is reasonably determined by Tenant that any access or utility easement obtained does not or no longer adequately serves the Property and Tenant's use thereof; Landlord agrees to cooperate with Tenant to relocate such Easements where practical. In the event the Landlord is unable to relocate any of the necessary Easements, then at Tenant's option, this Lease may be terminated upon thirty (30) days' prior written notice to Landlord 12: Assignment Tenant may not assign, or otherwise transfer all or any part of its interest in the Lease or in the Property without the prior written consent of Landlord, provided, however, that Tenant may assign or sublet its interest without consent to.its parent company, any subsidiary or affiliate of it or its parent company or to any successor -in -interest or an affiliated entity controlled, subject to any financing entity's interest, if any, in this Agreement asset forth in Section 27 below. Landlord may assign this Lease upon written notice to Tenant, subject to the assignee assuming all of landlord's obligations herein, including but not limited to, those set forth in Section 27 below. Notwithstanding anything to the contrary contained in this Lease, Tenant may assign, mortgage, pledge, hypothecate or otherwise transfer without consent its interest in this Lease to any financing entity, or agent on behalf of any financing entity to whom Tenant (i) has obligations for borrowed money or in respect of guaranties thereof; (h) Has obligations evidenced by bonds, debentures, notes, or similar instruments, or (iii) has obligations under or with respect to letters of credit, bankers acceptances and similar facilities or in respect of guaranties thereof 13: Defaults. 13.1 By Tenant. In the event of default under this Lease by Tenant, Landlord shall be entitled to remedies as shall then be provided by law except that Landlord shall not be entitled to remove any personal property (including fixtures) on the Property; and provided that prior to, and as a condition precedent to, the exercise of any remedy, Landlord shall give to Tenant written notice of default to Tenant and the nature of the default and Tenant shall have thirty (30) days (or, if tke default cannot be cured within thirty (30) days, a longer period as shall be necessary to cure the default, acting with due diligence), after receipt of the notice within which to cure the default, during which period no remedy shall be pursued. If Tenant fails to cure a default, in addition to any other remedies available to Landlord, the Landlord may elect to commence eviction proceedings provided, however, Tenant shall be permitted a six-month stay from receipt of a notice of eviction at 1100/6 of the then current monthly rem to find an alternative site. 132 By Landlord. If Landlord defarilts in any of its obligations under this Lease and the default results in Tenant being unable to use the Premises for its intended use, in addition to any remedies available at law or equity, Tenant may perform Landlord's obligation and may offset from the rent or any other amounts next payable Tenant's costs and expenses of doing so. Notwithstanding anything else in this Lease, Tenant may defer payment of tient including the fust rent payment or during any period in which Landlord is in default in any of its obligations under this Lease; has failed to provide or execute or cause to be provided or executed (a) any document reasonably necessary for Tenant's use of the Property in the manner contemplated, (b) any license, or (c) any document reasonably necessary to obtain any title insurance or other necessary or desirable insurance or consent. In the event of a default by Landlord with respect to a material provision of this Agreement, without limiting Tenant in the exercise of any right or remedy which Tenant may have by reason of such default, Tenant may terminate the Agreement and/or pursue any remedy now or hereafter available to Tenant under the laws or judicial decisions of the state in which the Premises are located. Notwithstanding the foregoing in the event of a default under this Lease, Tenant shall give to Landlord written notice of the default specifying the nature of the default and Landlord shall have thirty (30) days (or, if the default cannot be cured within thirty (30) days, a longer period as shall be necessary to cure the default, acting with due diligence), after the receipt of the notice within which to cure the default. Notwithstanding the foregoing to the contrary, it shall be a default under this Agreement if Landlord fails, within five (5) business days after receipt of written notice of such breach, to perform an obligation required to be performed by Landlord if the failure to perform such an obligation interferes with Tenant's ability to conduct its business on the Premises; provided, however, that if the nature of Landlord's obligation is such that more than five (5) business days atter such notice is reasonably required for its performance, then it shall not be a default under this Agreement if performance is commenced within such five (5) business day period and thereafter diligently pursued to completion. If Landlord fails to cure a default, in addition to any other remedies available to Tenant, the Tenant may elect to terminate this Lease. 14: Condemnation. In the event of condemnation, Tenant's share of my condemnation award or proceeds from sale in lieu of condemnation shall be limited to compensation for Tenant's leasehold interest, antennae, improvements, transmission lines, loss of business and equipment, and Tenant's costs of relocation. Tenant shall not receive any part or portion of condemnation award or sales proceeds relating to compensation for Property owned by the Landlord. 15: Casualty. In the event the Property is destroyed or damaged in whole or in part by casualty during the Term or Renewal Terms of this Lease then, at Tenant's option (exercised by notice to Landlord), this Lease may be terminated as of the date of the event or at any time within 90 days thereafter and no further rent shall be due under the termination section or any other section of this Lease. 16: Quiet Enjoyment Landlord covenants and agrees that upon payment by the Tenant of the rental under this Lease and upon the observance and performance of all the covenants, terms and conditions on Tenant's part to be observed and performed, Tenant shall peaceably and quietly hold and enjoy the Property, the rights, and privileges granted for the term demised without hindrance or interference by Landlord or any other person and Landlord shall perform all of its obligations under this Lease. 17: Subordination, Non -Disturbance and Attornment 17.1 Existing Encumbrances. Within thirty (30) days after the execution of this Lease, Landlord shall deliver to Tenant executed original of nondisturbance and attornment agreements with Tenant in form satisfactory to Tenant, in Tenant's sole discretion, from any existing mortgage holder or other party holding an interest in the Property which may take precedence over Tenant's interest in the Property. Failure by the Landlord to deliver any required nondisturbance and attornment agreement shall entitle Tenant, at Tenant's option, to terminate this Lease at any time thereafter and to obtain a refund of all rent and any other amounts paid to Landlord, and, in any case, Tenant shall have no obligation to pay rent or other amounts under this lease until Landlord delivers the executed nondisturbance and attornment agreement 17.2 Subsequent Financing. Tenant shall enter into recordable subordination, non- disturbance and altomment agreements with the holders of any mortgage, trust deed, installment sale contract or other financing instrument dated atter the date of this Lease, if the agreements are in form satisfactory to Tenant 18: Termination. 18.1 By Tenant In addition to termination as a result of action or inaction pursuant to other parts of this Lease, Tenant may terminate this Lease: (a) at any time, for any reason upon thirty (30) days written notice to Landlord and payment and payment of four (4) months rental at the then current rental rate or (b) immediately, without payment of any rent not yet due following written notice to Landlord of either (i) Tenant's inability to secure necessary zoning and/or Tenant has lost, been denied or failed to satisfy any necessary authorization or radio engineering criteria to use the Property as contemplated in this Lease, or (ii) Tenant's having obtained a soil test which shows contamination or building conditions which in Tenant's judgment are unsuitable for Tenant's purposes, or (iii) by Tenant if Tenant is unable to occupy and utilize the Premises due to an action of the FCC, including without limitation, a take back of channels, a change in frequencies or a denial or revocation of necessary FCC licenses. 18.2 By Landlord. Landlord may terminate this Lease following a determination by a qualified enginca (using appropriate instruments which are properly calibrated) that the power density levels emitted from Tenant's equipment located on the Property exceed the American National Standards Institute's ("ANsn "Safety Levels with Respect to Human Exposure to Radio Frequency Electronic Fields", as set forth in ANSI Standard 095.1-1982 (or any ANSI Standards which supersede this standard), at points accessible to and intended for the general public and the inability of Tenant to bring its equipment into compliance with such standard within sixty (60) days after receipt of a written copy of Landlord's engineering findings. 183 Removal of Equipment Upon the expiration of this Lease, or its earlier termination or cancellation for any reason, Tenant shall at its sole expense remove from the Property all of its antennae, antenna structures, equipment enclosures, transmitting and receiving equipment, transmitting lines, underground wiring, fencing, sidewalks and foundations, other personal property, fixtures and other improvements down to three (3) feet below grade. Tenant shall have up to ninety (90) days after the effective date of the expiration, termination, or cancellation to complete removal of all items. If Tenant requires any of the ninety (90) day period after the effective date for the removal, Tenant shall pay Landlord the then current monthly rem (or in the case of annual rental one -twelfth of the annual rental) in advance for each thirty (30) day period or portion thereof Tenant requires to complete the removal 19: Cooperation Landlord agrees to cooperate with Tenant in any efforts by Tenant to secure any governmental permits necessary to use the Property as contemplated in this Lease, and to join in any application or other document reasonably requested by Tenant within ten (10) days of Tenant's written request During the Term or Renewal Term of this Lease Landlord shall take no action which adversely affects the uses permitted on the Property. At any time after the date of this Lease or the Commencement Date, either party shall execute or cause to be executed any documents, or take or cause to be taken any actions, reasonably necessary to carry out the intent of this Lease. 20: Lease Construction. This Lease shall be construed in accordance with the laws of the State of where the Property is located. In the event that any provisions of this Lease are legally unenforceable, the other provisions shall remain in effect 21: Entire Binding Understanding; No Oral Modification. All prior understandings and agreements between die parties are merged into this Lease, and this Lease may not be modified orally or in any manner other than by an agreement in writing signed by both parties. Presentation of this Lease by Tenant to Landlord shall not constitute an offer unless the Lease has been signed by Tenant, and this Lease shall not be binding until executed by both Landlord and Tenant 22: Successors; Separability. Subject to the provisions regarding assignment, this Lease shall be binding upon, and imre to the benefit of; the successors -in -interest and permitted assigns' or subtenants of the parties and any grantee of Landlord. 23: Notices. All notices, requests and other writings required under this Lease (including any notices of renewal, or termination rights) trust be in writing and shall be deemed validly given upon the earlier of (i) actual receipt or (ii) the second business day after the date posted if sent by certified mail, return receipt requested, addressed to the other party with copies as set out in the Landlord's Address and Tenant's Address (or any other address within the United States that the party to be notified may have designated to the sender by like notice). 24: Lease Memorandum Simultaneous with the execution of this Lease, the parties have executed a Memorandmn of Lease. Tenant may record die Memorandum of Lease. If Tenant's survey requires a correction to the legal description rider attached to the Memorandum of Lease, the parties will execute and record or re-record a modified Memorandum of Lease or a supplement to the Memorandum of Lease. Tenant shall not be required to pay rent during any period in which Landlord refuses to execute a modification or supplement 25: Performance. Time is of the essence in this Lease. 26: Broadcast Interference. 26.1 Definition. As used in this Lease, "interference" with a broadcasting activity means: (A) Interference within the meaning of the provisions of the recommended practices of the Electronics Industries Association (EIA) and the rules and regulations of the Federal Communications Commission (FCC) then in effect, or (B) A material impairment of the quality on a broadcasting activity as may be defined by the FCC at any hour during the period of operation of activity, as compared with that which would be obtained if no other broadcaster were broadcasting from the Property or had any equipment on the Property. 262 Interference. (A) Tenant shall operate Tenant Facilities in a manner that shall not cause physical, mechanical, radio frequency or signal interference to Landlord and other tenants or licensees of the Property. AU operations by Tenant shall be in compliance with all Federal Communication Commission("FCC) requirements. (B)_ Subsequent to the installation of the Tenant Facilities, Landlord shall not permit. itself; its tenants or licensees to install new equipment on the Property if such equipment is likely to cause physical, mechanical, radio frequency or signal interference with Tenant's operations. Such interference shall be deemed a material breach by Landlord. In the event interference occurs, Landlord agrees to take all reasonable steps necessary to eliminate such interference in a reasonable time period. Landlord shall have the right to install equipment that is in compliance with all FCC standards and regulations and does not interfere with Tenanfs operation as per this Section 26.2(B). (C) Should Landlord or citizens thereof claim interference with their existing residential uses due to Tenant Facilities, Tenant shall, at its sole cost and expense, cooperate with Landlord to determine if Tenant Facilities are the source of such claimed interference. Such cooperation shall include but not be limited to intermodulation studies. Should it be determined by such studies that such interference is directly attributable solely to the operations of the Tenant Facilities on the Property, Tenant, at its sole cost and expense, shall use its best efforts in taking measures to modify the Tenant Facilities in order to mitigate such interference to Landlord's reasonable satisfaction. 27: Environmental Matters. 27.1 Definition. For purposes of this Lease: (A) "Applicable Environmental Laws" includes the Comprehensive Environmental Response, Compensation, and Liability Act, any so called "Superfund" or "Superlien" law, or any other Federal, state or local statute, law, ordinance, code, rule, regulation, order or decree regulating, relating to, or imposing liability or standards of conduct concerning any hazardous, toxic or dangerous waste, substance or material, as now or at any time hereafter in effect (B) "Hazardous Material" includes any hazardous, toxic or dangerous waste, substance or material as that term is defined in Applicable Environmental Laws, 272 No Hazardous Material. Neither the Landlord nor, to the best knowledge of Landlord, any other person has ever caused or permitted any Hazardous Material to be placed, held, located or disposed of on, under or at the Property or any part thereof nor any part thereof has ever been used by the Landlord, or to the best knowledge of the Landlord, by any other person either as a permanent or temporary dump site or storage site for any Hazardous Material. 27.3 Tenant's Indemnity. Tenant indemnifies the Landlord and agrees to hold the Landlord harmless from and against any and all losses, liabilities, damages, injuries, costs, expenses and claims of any and every land whatsoever paid, incurred or suffered by or asserted against Landlord for, with respect to, or as a direct or indirect result o1; the presence on or under, or the escape, seepage, leakage, spillage, discharge, emission, discharging or release form the Property or into or upon any land, the atmosphere, or any watercourse, body of water or wetland, of any Hazardous Material (including, without limitation, any losses, liabilities, damages, injuries, costs, expenses or claims asserted or arising under applicable Environmental Laws) caused by or in the control of Tenant 27.4 Landlord's Indemnity. In all other cases, Landlord indemnifies the Tenant and agrees to hold the Tenant harmless from and against any and all losses, liabilities, damages, injuries, costs, expenses and claims of any and every kind whatsoever paid, incurred or suffered by or asserted against Tenant for, with respect to, or as a direct or indirect result of, the presence on or under, or the escape, seepage, leakage, spillage, discharge, emission, discharging or release from the Property or into or upon any land, the atmosphere, or any watercourse, body of water or wetland, of any Hazardous Material (including, without limitation, any losses, liabilities, damages, injuries, costs, expenses or claims asserted or arising under Applicable Environmental Laws). 27.5 Survival The provisions of and undertakings and indemnification set out in this Section _ shall survive the termination of this Lease. 28. Waiver of Landlord's Lien. (a) Landlord waives any lien rights it may have concerning the Tenant Facilities which are deemed Tenant's personal properly and not fixtures, and Tenant has the right to remove the same at any time without Landlord's consent (b) landlord acknowledges that Tenant has entered into a financing arrangement including promissory notes and financial and security agreement for the financing of the Tenant Facilities (the "Collateral") with a third parry financing entity (and may in the future enter into additional financing arrangements with other financing entities). In connection therewith, Landlord (i) consents to the installation of the Collateral; (6) disclaims any interest in the Collateral, as fixtures or otherwise; and (iii) agrees that the Collateral shall be exempt from execution, foreclosure, sale, levy, attachment, or distress for any Rent due or to become due and that such Collateral may be removed at any time without recourse to legal proceedings. 29. Limitation of Liability In no event will either Party be liable to the other, or any of their respective agents, representatives, employees for any lost revenue, lost profits, loss of technology, rights or services, incidental, punitive, indirect, special or consequential damages, loss of data, or interruption or loss of use of service, even if advised of the possibility of such damages, whether under theory of contract, tort (including negligence), strict liability or otherwise. AGREED as ofthe later ofthe two dates below: LANDLORD TENANT Village of Elk Grove Village, Chicago SMSA Limited Partnership an Illinois Municipal Corporation d/b/a Verizon Wireless By: Cellco Partnership, its General Partner By: Craig B. Johnson By: Name: Craig B. Johnson Name: Howard H. Bower Title: Mayor Title: Midwest Area Vice -President - Network Dae: September 12, 2006 Ea=IT "A" DESCRIPTION OF LAND (attached) Ito] EXHIBIT A PR OPOSED LEASE PARCEL THAT PART OF THE WEST HAL" CF THE NORTHWEST QUARTER OF SECTION 36, TOWN$4P 4T NORTH, RANGE 10 EAST OF THE 714RD PWNCIPAL RFRDYCE, OEr-:VSE0 AS FOLLOWS: CONHETJCINO AT THE INIERSECTION OF THE NEST UNE OF THE FAST 350.40 FEET OF SND WEST ENIF AND THE NORTH LNE OF THE SOUTH 30000 FEET OF THE NORTH 67000 FEET OF SAN) WE5T Mr. THENCE NORM 37 DEGREES 46 MINUTES 44 SECONDS EAST. ALONG SAD NO 4i LINE, MOD FEET TO A POINT ON THE NORIHERLY EnENSION OF THE EAST WALL OF A BRICK SOLIFUEM SHELTER; THENCE SOM D DEGREES 17 JOKM 52 SECQNIOS M. ALONG SND OnENSDN, 2.00 FEET TO A POINT OF UECUJHOJG; THENCE CONTINUING SOUTH 0 DEGREES 17 W6NfF5 52 SECONDS EAST, HANG SAD EXT04SION AND EAST.WAU- 40.07 FEET; ThS= NORTH Jig DECREES 42 MINUTES 8 SECONDS FAST 1400 FEET; THENCE NORTH 0 DEGREES IT MIMPES 52 SECONO6 NIST 40,00 FEED; THENCE SOUTH 80 DEGREES 42 LONUTES 8 SECONDS WEST 14.OU FEET TD THE POIN" OF BEGINNNO; ALL W COO{ MUNTY. LUNOIS AM CONTAHIINO 560 SQUARE FEET THEREIN. 11 E30MIT '113" DESCRIPTION OF PREMISES (attached) 12 13 pq