Agenda - Council - 03/26/2013 - Laserfiche WebLink

Home

LEASE This lease ("this "Lease")is effective as of April , 2013 and is made by and between the City of Ramsey, a Minnesota municipal corporation, 7550 Sunwood Drive NW, Ramsey MN 55303 ("Landlord") and East Side Oil Company., a Minnesota corporation, 625 SE Lincoln Avenue, St. Cloud, MN 56304 ("Tenant"). DATA SHEET 1. Premises. The area depicted in attached Exhibit, located on the property generally known as 14100 Jaspar St NW, Ramsey, MN 55303 and which parcel is legally described as follows: Gateway North Industrial Park Lot 1 Block 1 Gateway North Industrial Park (the "Premises") 2. Term and Termination. This Lease shall commence on April 1, 2013 (the "Commencement Date") and shall terminate upon 30 days written notice by either party (the "Lease Term"). 3. Rental Rate. One dollar per year. 4. Permitted Use. Tenant shall use the Premises as a used oil public site for the collection of used oil deposited by members of the public in Tenant's 1,990 gallon double walled tank installed on the Premises by Tenant. The permitted use shall also include the collection of used oil filters and antifreeze from members of the public. The following equipment, which Tenant has advised has the indicated monetary values, shall be permitted to be installed on the Premises by Tenant: 1-1990 Gallon double wall UL tank $16,235.75 Permanent ID/Serial # stamped on the 1990 gallon tank is Signage $1,417.86 Vents and Gauges $279.70 Cover & assembly parts $2,300.00 (The "Equipment") 5. Removal of Equipment. Upon the termination of this Lease, Tenant shall immediately pick up the Equipment with all parts and attachments thereto. If Tenant should fail to pick up the Equipment upon termination of this Lease, Landlord shall have the right to remove the Equipment from the Premises and lawfully dispose of the same.