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<br /> r <br /> Lease Option Agreement <br /> 101 East Broadway <br /> Eugene. Oregon 97401 <br /> CE Contract # 2008-00332 <br /> Lessor: LinMar Management, Inc. <br /> Lessee: The City of Eugene, by its Public Works Administration Division <br /> Date: June 26, 2008 <br /> Premises: Approximately 4,501 sq ft of 3rd& 4th floor space located at 101 East <br /> Broadway, Eugene, Oregon. <br /> 1. Lessor and Lessee are negotiating a lease agreement for approximately 4,501 <br /> sq ft of office space located at 101 East Broadway Eugene, Oregon. . <br /> 2. Lessee has agreed in principal to pay $6,752 per month, full service, for the <br /> 4,501 sq ft under negotiation with the same general terms as other recent leases <br /> between Lessor & Lessee for similar space in the building. <br /> 3. The specific scope of construction work to be performed on the premises for <br /> the space to be leased has yet to be negotiated. <br /> 4. Although not yet finalized, it is anticipated that the City of Eugene's share of <br /> the construction work to be performed on the premises will not exceed $108,100. <br /> 5. Lessee (The City of Eugene) is willing to deposit $10,000 for the right to <br /> continue negotiations with Lessor for a period of not to exceed 90 days from the <br /> date of the last signature on this documen#. <br /> 6. If the Lease between the parties is executed within the 90 days then Lessor <br /> will credit Lessee the $10,000 towards Lessees' share of the improvements. If <br /> the Lease is not executed within that period, and the parties do not mutually <br /> agree to an extension, then Lessee will forteit the $10,000 to Lessor. No <br /> brokerage fees will be paid out of the forfeited $10,000. <br /> <br />