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LEGAL DEPARTMENT <br />City OF MARTINSVILLE, <br /> <br />o renew is given to Lessor at least ninety (90) days prior to the expiration of the first term of this <br />ease. <br /> <br /> 2. The Lessee shall pay as rant the sum of Seven Hundred Dollars ($700.00) per month, <br />tue and payable on the 10th day of each month, commencing on the l0th day of April, 2002, <br />~xcept that if this lease is renewed for an additional five (5) year period, Lessee shall pay as rent <br />:he sum of One Thousand Dollars ($1,000.00) per month during the term of said renewal. <br /> <br /> 3. It is agreed between Lessors and Lessee that Lessee shall use the promises for the <br />>urpose of allowing Patrick Henry Community College to conduct its motor sports training <br />>rogram thereon, wherein interested students will be trained to become motor sports technicians <br />~nd crew members and to become proficient in all other aspects of motor sports activities, <br />~rovided that Patrick Henry Community College, within ninety (90) days from the date of this <br />sase, shall perform refurbishments and improvements to the building(s) located on the leased <br />.remises, as shown on the written description of said improvements attached hereto and made a <br />~art of this lease as Exhibit 1 hereto for a total price of not less than Ninety-eight Thousand Nine <br />tundred Sixty Dollars ($98,960.00) and not more than One Hundred Fifty Thousand Dollars <br />$150,000.00). <br /> <br /> 4. Lessee agrees that it shall not permit any act or thing to be done that will increase the <br /> isk of fire or that will increase the rate of insurance on the premises. <br /> <br /> 5. Lessee shall be responsible for any and all repairs and maintenance on the premises, <br /> :xcept for those repairs which are structural in nature. <br /> <br /> 6. Lessors shall pay and discharge when due all real estate taxes and other state, city, or <br /> )ther local assessments. <br /> <br /> <br />