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<br />, <br />. <br /> <br />',I <br />'- <br /> <br />'" <br /> <br />" <br />',' <br /> <br />City of Ramsey <br />7550 Sunwood Drive NW <br />Ramsey, Minnesota 55303 <br />Tel~phone (763) 427-1410 <br />Facsimile (763) 427-5543 <br /> <br />October 28, 2009 <br /> <br />Dennis Berg, Chair Person <br />Anoka Co~ty Board of Commissioners, <br />Anoka County Government Center <br />2100 - 3td Avenue , <br />Anoka, 1v.fN 55303-,.226$ <br /> <br />Re: City of Ramsey/A.noka C~unt;y Licensing Center Leased Space <br /> <br />Dear Commissioner Berg; <br /> <br />Please accept this Non-Binding Letter of Intent for the purpose of expressing our agreement ou <br />the terms contained below: . , " <br /> <br />Landlord: <br /> <br />City of Ramsey, a Minnesota Municipal C01poration <br /> <br />Tenant: <br /> <br />, , <br />County of Anoka, a Minnesota Political Subdivision <br /> <br />Leased Space: <br /> <br />2200 square feet of office space including three clos~d offices on the <br />ground floor of the Ramsey Municipal Center, 7550 Sunwood Drive <br />NW, Ramsey, MN 55303. In addition, the Lease Space shall include <br />approximately 466 square feet of shared common space (bathrooms/ <br />lunchroom) for a total Leased Space of 2666 square feet (the "Leased <br />Space"). The Leased Space is graphically shown on the attached <br />Exhibit "A". . <br /> <br />Lease Term: <br /> <br />(a) The Lease Tennshall be five (5) years, with three five-year options <br />to extend. Extension of the lease shall bl::1 mutually agreed upon by <br />Tenant or Landlord at end of each :fiye~year period. <br />(b) Landlord agrees to tenninate lease without penalty if the State of <br />. Minnesota terminates Anoka County's authority to conduct License <br />Center business/activities, except for the repayment of the buil,d-out <br />allowance if prior to five (5) years from inception of lease, based. upon <br />the following schedule: if cancellation is within one~year of inception <br />of lease, repayment or build-out costs by Tenant is 100%; from one <br />year to two years - 80%; from two to three years - 60%; from three to <br />four years - 40%; and from four years to five 'year - 20%. After the <br />fifth year from the inception of the lease. there .shall be no obligation . <br /> <br />1 <br /> <br />33 <br />