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3/31/11 DRAFT <br /> <br /> <br />LEASE AGREEMENT <br /> <br />CITY OF RAMSEY/POWER BY KARL <br /> <br />This Agreement is made and entered into between the City of Ramsey, a Minnesota <br />or <br />) and Karl ), <br />th <br />9131 178 Avenue NW, Ramsey, Minnesota. <br />WHEREAS <br />, the City sponsors an annual community celebration known as Happy Days; <br />and <br />WHEREAS <br />, Happy Days is in need of additional revenue sources to aid its budget in <br />order to make it a more successful community event; and <br />WHEREAS, <br />Janzen is in the business of promoting and conducting a seasonal Go-Kart <br />Track events which events generate revenue and profit; and <br />WHEREAS <br />, Janzen has experience and knowledge in the operation of Go-Kart Track <br />events; and <br />WHEREAS <br />, the City is the fee owner of that certain real property commonly known as <br />________________ Armstrong Boulevard NW, Ramsey, Minnesota and legally described as: <br />See attached Exhibit A <br />d <br />WHEREAS <br />, Janzen would like to conduct his Go-Kart Track events on the Property and <br />the City, in exchange for certain rents is willing, as a landowner, to rent the Property to Janzen <br />for purposes of conducting certain Go-Kart Track events; and <br />WHEREAS <br />, in order to use the Property for Go-Kart Track events the City Code <br />requires that an interim use permit be issued; and <br />WHEREAS <br />residents is to insure compliance with <br />the City Code, with the rental of land being a secondary responsibility; and <br />WHEREAS <br />, in order to prepare the Property for a Go-Kart Track, the Property needs to <br />be graded, landscaped, fenced and various other preparations. A list of items to be completed for <br />installation of the Go-Kart Track is attached hereto as Exhibit B. On Exhibit B are descriptions <br />of necessary items to be completed, which party shall be responsible for the item and payment of <br />its cost. Said Exhibit B is incorporated herein by reference; and <br />WHEREAS <br />, Janzen agrees to insure the Go-Kart Track and its related operations need to <br />be insured for public liability purposes; and <br /> <br />