Agenda - Council - 10/12/2010 - Laserfiche WebLink

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Tenant shall have consecutive options to extend the term of this Lease on Parcel 2 for 1 additional year from and after the expiration of the first tern granted under this Lease and for each term thereafter, on the same terms and conditions as contained in this Lease. Each of said options to extend the tern of the Lease shall be exercised by written notice given to Landlord by Tenant at least 90 days prior to the expiration of the then current term, and upon the giving of such notice, the then current term shall thereupon be automatically extended without further act by either Landlord or Tenant upon the same terns and conditions as provided in the initial term herein, except as hereinafter provided. In order to effectuate the option on Parcel 2 the Landlord must agree to the extension of the option :�01QY_I Tenant shall pay $2,640.00 per month ( "Base Rent "),as and for the rent of the Premises. Tenant will pay all of his operating costs associated with maintenance of the Premises as an outdoor storage facility and parking lot. Rent is due in advance on the first day of each month with the first rental period payment due on the commencement date and continuing on the first day of each month thereafter during the term. In the event Parcel 2 is not being rented then the Tenant shall pay $1,620.00 per month as the rent for Parcel 1. Landlord shall pay the real estate taxes, special assessments or any other charges the Landlord makes against the Premises, except for the stone water utility charge described in paragraph 12. below which shall be the Tenant's expense. USE: Tenant will use and occupy the Premises solely as a parking lot or outdoor operable auto, truck and recreational vehicles storage facility, or other uses permitted by Ramsey City Ordinance. 8. ASSIGNMENT AND SUBLETTING: a. Tenant previously owned the Premises and leased the Premises to Barry Gallati, Mark Larson, Brandon Peters, Radu Kryshmaru, and EZ Auto Sales, Inc. ( "Existing Tenants "). Tenant's leases with Existing Tenants do not terminate until January 21, 2013, October 18, 2012, July 31, 2012, May 9, 2013 and December 31, 2014 respectively. The lease relationships between Tenant and the Existing Tenants are acceptable to Landlord, and will continue and may be renewed EXCEPT that in no event may the Tenant increase the space leased to an Existing Tenant from that amount of space leased to an Existing Tenant as of the date of this Lease. b. Tenant shall have the right to sublease the Premises. Tenant shall notify the Landlord of the said subtenant's name and contact information prior to signing a sublease with any new subtenant. Tenant shall notify any prospective subtenant of the Landlord's pending Highway 10 Improvement project. Tenant shall require each of its subtenants to execute the attached Exhibit A, titled Lease Addendum Subsequent Tenant, and attach said Exhibit A as an addendum to any future Premises subleases. Tenant agrees to indemnify and hold harmless the City of Ramsey (Landlord) from any relocation expenses the said 0