Las Vegas City Commission Legal Documents, February 29, 1944 to February 21, 1945, lvc000016-94

401 LEASE - No. 1 (44) This indenture made and entered into this 22nd day of January, 1944, by and between the City of Las Vegas, a municipal corporation hereinafter sometime called LESSOR, and M. E. Leavitt and Wes Neeley of Las Vegas, Nevada, sometime* herein after called LESSEES. WHEREAS, the City of Las Vegas is the owner of certain unimproved rental land, WHEREAS, M. E. Leavitt and Wes Neeley desire to lease the same for farming purposes. NOW THEREFORE, in consideration of the mutual promises and covenants of the parties hereto, it la agreed as follows: - I - LESSOR agrees to lease unto LESSEES the following described parcels of land, to-wit: Parcel 1. The NW 1/4 of the NE 1/4, Section 36, Township 20 South, Range 61 East, M.D.B. & M. excepting therefrom the westerly 55 feet, and the northerly 65 feet of said 40 acres tract of land containing an arable area of 37.2 acres, more or less. Parcel 2. The S 1/2 of the NE 1/4, Section 36, Township 20 South, Range 61 East, M.D.B.& M. excepting therefrom the Westerly 55 feet, and the easterly 55 feet of said 80 acre tract containing an arable area of 77.8 acres, more or less. Parcel 3. The N 1/2 of the SE 1/4, Section 36, Township 20 South, Range 61 East, M.D.B.&.M. excepting therefrom the easterly 55 feet and the westerly 55 feet of said 80 acres tract containing an arable area of 66.1 acres, more or less. Parcel 4. The S 1/2 of the SE 1/4, Section 36, Township 20 South, Range 61 Bast, M.D.B.&M. excepting therefrom the easterly 55 feet, the southerly 40 feet, and the westerly 55 feet of said 80 acre tract containing an arable area of 45.5 acres, more or less. - II - The term of this lease shall be 10 years with LESSEES having the right to renew said lease upon the same terms and conditions as provided herein for an additional five years, provided, however, that LESSEES herein, must give notice to LESSOR herein, of intention to exercise said option at least 60 days prior to the expiration of this lease by directing a letter postage prepaid and registered to the City Clerk, City of Las Vegas at the City Hall in Las Vegas, Nevada, and provided further that the rental to be paid for the four parcels hereinbefore described, during the period of five years following the expiration of this lease, should the option be exercised, shall be $700.00 per year for all of said parcels, and provided that said $700.00 shall be paid annually in advance. The rental for the four parcels of land hereinbefore described, during the term of this lease shall be as follows: For the first three years of said lease the rental shall be $100.00 per year; for the following two years the rental shall be $500.00 per year and for the remaining five years the rental shall be $700.00 per year. The aforementioned rent shall be payable as follows, to-wit:] The first years rent shall be paid on the execution of this lease-holding agreement and the rental for the ensuing nine years shall be payable yearly in advance on January 22 of each and every ensuing year for the remaining nine years of said lease. The LESSOR further agrees to deliver water from sewage disposal plant to said parcel of land at the legal rate of one second foot per hundred acres per annum. This water to be delivered at a wier box in the vicinity of the Northwest corner of the abovementioned parcel of land at a maximum rate of five second feet. The LESSOR further agrees to maintain the canal which delivers this water to the wier box, and to maintain a ditch rider to deliver water in the amount and at the time requested provided that the City shall not be liable for failure to deliver in case of breakdown beyond their control. The LESSOR AGREES to allow the LESSEE to move any equipment required for farming