Laserfiche WebLink
MANAGEMENT AGREEMENT <br />AGREEMENT made as of the iTjday of July, 2006, by and between the City of <br />Ramsey, a Minnesota Mvnicipal'Corporation ( "Owner ") and Premier Commercial Properties, <br />Inc., a Minnesota Corporation ( "Manager "). <br />RECITALS <br />WHEREAS, Owner is the holder of fee simple title to each of the properties described on <br />Exhibit A attached hereto and incorporated herein (such properties being individually referred <br />ed to as "Properties "), and desires to engage Manager to <br />to as "Property" and collectively referr <br />manage and operate the same; and <br />WHE Manager desires to manage and operate the Properties for and on behalf of Owner <br />on the terms, and subject to the conditions hereinafter set forth. <br />and covenants contained herein, Owner and <br />IN CONSIDERATION of-the mutual promises <br />Manager agree as follows: <br />AR'T'ICLE I. <br />APPOINTMENT, PROPERTIES <br />o' nt. Owner hereby designates and appoints Manager to act as the <br />,Lpp managing agent with respect to.each Property identified on Exhibit A hereto, and hereby <br />delegates to the Manager the power, authority and responsibility hereinafter described. <br />X,2 Ldg tiacation_of�rQpe& s . The list of Properties may be amended at-any time' <br />during the continuance of this a greement for the purpose of including additional Properties <br />within the Agreement upon the written consent of Owner and Manager. <br />ARTICLE II. <br />MANAGEMENT, BUDGET <br />2.T. Mana�emen . Manager shall use its best efforts to manage the Premises in a <br />commercially reasonable manner and collect the rents and other income therefrom in a timely <br />manner. <br />2.2, E The Manager shall cause to be employed at all times a .sufficient <br />number of capable employees to properly, adequately, .safely and economically ,manage, <br />operate, maintain, and account for each Property. All matters pertaining to the employment, <br />P2. <br />