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EXHIBIT A LEASE AGREEMENT BETWEEN THE CITY OF PORTSMOUTH, VIRGINIA AND THE CITY OF SUFFOLK, VIRGINIA, FOR A PORTION OF PORTSMOUTH'S RIGHT -OF -WAY IN SUFFOLK FOR USE AS A MULTI -USE RECREATIONAL TRAIL THIS AGREEMENT, made as of this 1st day of July, 2021, by and between the CITY OF PORTSMOUTH, a political subdivision of the Commonwealth of Virginia, hereinafter called the Lessor, and the CITY OF SUFFOLK, a municipal corporation of the Commonwealth of Virginia, hereinafter called the Lessee; WHEREAS, Lessor and Lessee entered into a certain Lease Agreement dated July 17, 2006 for the use by Lessee of a certain portion of former railroad right -of -way owned by the Lessor for use as a multi -use recreational trail (the "Prior Lease "); and WHEREAS, the final extension term of the Prior Lease expires on June 30, 2021; and WHEREAS, the parties desire to enter into a new lease ( "Lease ") continuing the rights of the parties on substantially the same terms as the Prior Lease; NOW, THEREFORE, WITNESSETH: That Lessor does hereby lease unto the Lessee, and Lessee does hereby lease from Lessor, the following described real estate, to -wit (the "Leased Premises "): ALL THAT certain tract or parcel of land situated on the former Norfolk Southern Railroad owned by the City of Portsmouth from Moore Avenue to Suburban Drive and further identified as Tax Account Number 053457200 and Tax Map Parcel 35 *XX . The premises are hereby leased unto Lessee for an initial term of five (5) years, beginning on the first day of July 2021 and ending on the last day of June 2026. Upon written agreement of the Lessor, this lease may be renewed for up to two additional five -year terms. This lease is subject to the following terms and conditions: 1. Lessee shall pay the following rent: an annual rent equal to the assessed property taxes on the former railroad right -of -way owned by Portsmouth within Suffolk as currently reflected by Suffolk Real Estate Tax Account Number 053457200 and any other fees, taxes, licenses, levies or any other charges that may become due or owing on the said property including without limitation stormwater fees. Such rent shall be paid by the Lessee directly to the entity assessing the applicable fee, tax, license, or levy on or prior to the due date of the assessment. Lessee shall be solely responsible for payment, as additional rent, of any late fees or similar charges resulting from Lessee's failure to make timely payment. 2. Lessee shall use the Leased Premises solely for a multi -use recreational trail.