LEASEbetweenTHE CITY OF DETROIT, as LessorandTHE STATE OF MICHIGAN, as Lessee(Belle Isle Park)
This Lease (Lease) is entered into as of the _________ day of _______________, 2012,by the
City of Detroit
(Lessor), a municipal corporation by its Recreation Department, whoseaddress is 18100 Meyers, Detroit, MI 48235, and the
State of Michigan
(Lessee) by itsDepartment of Natural Resources (DNR), whose address is Stevens T. Mason Building, P.O.Box 30257, Lansing, Michigan 48909, and its Department of Transportation (MDOT), whoseaddress is 425 W. Ottawa St. P.O. Box 30050, Lansing, MI 48909 (together, the “Parties”).
, the Lessor is the owner of certain land and improvements located on BelleIsle in the City of Detroit that it operates as Belle Isle Park for the benefit of the public;
the Lessor faces severe fiscal challenges and competing priorities that limitthe resources available to support its management, operation, and maintenance of Belle Isle Park;
Lessee manages, operates, and maintains a system of State parks pursuantto MCL 324.740101
., and is responsible for developing and maintaining a comprehensiveplan for the development of outdoor recreation resources of the state pursuant to MCL324.70301
, the Michigan Department of Transportation will acquire jurisdiction of certain roads and bridges pursuant to MCL 247.660a as set forth in this Lease; and
, the Parties enter this Lease effective September ____, 2012, (EffectiveDate) pursuant to which the Lessee assumes responsibility for the management, operation, andmaintenance of the Park.
in consideration of the mutual covenants, conditions, agreements,and undertakings contained herein, the Parties agree as follows: