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I. Term: This lease shall run from the 1st day of May, 2001, to the 1st day of April 30th, <br /> 2010. <br /> 2. Rent: The Lessee shall pay annual rent of one dollar, the first year's rent being due on <br /> May 1, 2001, and each subsequent year's rent being due on May 1 of each subsequent <br /> year. <br /> The Lessor and Lessee agree as follows: <br /> 3. Utilities: The Lessee shall pay all utilities including, but not limited to, water, <br /> electricity, gas, solid waste collection, landfill, sewer, and telephone charges which may be <br /> assessed upon the demised premises during the lease term hereof. <br /> 4. Licenses: Lessee shall obtain and maintain any required childcare licenses and <br /> permits in compliance with applicable laws and ordinances. <br /> 5. Waste: The Lessee shall not cause, commit, or permit any waste of the premises, nor <br /> make any unlawful, improper or offensive use of same. <br /> 6. Signage: Any signage shall be in compliance with applicable laws and ordinances. <br /> 7. Site and Structural Modifications: The Lessee acknowledges the historical <br /> significance of the existing building. The Lessee shall not change or cause any change to the <br /> exterior or interior of the building located on the subject property without the previous consent of <br /> the Lessor being first obtained in writing. Lessee agrees to cooperate with lessor in the <br /> acquisition of grants for any historic restoration of the existing building. <br /> Lessee further acknowledges that by its acceptance of this agreement, the lessee shall be <br /> responsible for compliance with the American with Disabilities Act with respect to any and all <br /> handicap access issues for both the exterior and interior of the premises as may be required by <br /> any authority having regulatory authority over the subject premises. <br /> It is understood that the Lessee intends to rehabilitate the building located on the <br /> premises, at no cost to the Lessor. Any such expansion and rehabilitation shall be the <br /> responsibility of the Lessee and carried out under the direction of the Lessee subject to Lessor's <br /> approval of any major changes and any construction. Lessee shall retain an appropriate design <br />