Agenda - Council - 03/08/2016 - Laserfiche WebLink

Home

SCANNED LEASE AGREEMENT AMENDMENT TWO This Amendment Two is entered into by and between the City of Ramsey and Pro Power Sports & Marine, Inc., and amends the Lease Agreement between the parties dated March 1, 2013, and Amendment One dated January 28, 2015. Recitals 1. Tenant operates a business on property located at 6781 Highway 10 in Ramsey. Pursuant to the Lease and Amendment One, Tenant rents a portion of the City's adjacent property directly to the west of Tenant's business (PID 34-32-25-21- 0103). 2. The City also owns the adjacent parcel directly to the east of Tenant's business with the address of 6745 Highway 10 and legally described as Lot 2, Block 1, Deal Industrial Park (PID 34-32-25-12-0008) ("Subject Property"). 3. Tenant wishes to utilize a portion of the Subject Property for storage of merchandise. 4. The City is willing to lease a portion of the Subject Property to Tenant provided Tenant erects a fence separating the leased area from the remainder of the Subject Property. Agreement 1. Recitals. The recitals set forth above are hereby incorporated into this Agreement. 2. Term. This Amendment Two is effective upon execution by both parties and shall remain in effect through February 28, 2016. 3. Leased Area. The portion of the Subject Property leased pursuant to this', Amendment Two is a 38' x 139' area in the northwest corner of the Subject Property ("Leased Area"). The intent is to lease the rectangular area betvveen the Subject Property's west property line and the outside western wall of the existing building on the Subject Property, and from the rear property line of the Subject Property southwest 139' towards the front of the Subject Property. See the attached Exhibit 1. 4. New Fence. Tenant shall, at its sole cost, erect a chain link fence separating the Leased Area from the remainder of the Subject Property. Tenant shall obtain a