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Agenda - Council - 03/28/2017
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Agenda - Council - 03/28/2017
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3/17/2025 3:31:21 PM
Creation date
3/27/2017 3:52:59 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
03/28/2017
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ASSIGNMENT OF LEASE <br /> This Assignment of Lease is made as of 2017 <br /> ("Effective Date") by Pro Power Sports &Marine, Inc., ("Assignor")to Mille Lacs Motor <br /> Sports 11, Inc., (`Assignee"). <br /> In consideration of one dollar and other good and valuable consideration paid by <br /> Assignee to Assignor, Assignor hereby assigns to Assignee all interests of Assignor under <br /> that certain Lease dated March 1, 2013, originally entered into with Assignor as Tenant <br /> and the City of Ramsey as Landlord, and amended by Amendment One dated January 28, <br /> 2015, Amendment Two dated June 23, 2015 and Amendment Three dated March 1, 2016, <br /> (together referred to as the "Lease") for storage and parking area adjacent to the building <br /> located at 6781 Highway 10, Ramsey, Minnesota 55303. <br /> This Assignment is effective from and including the Effective Date, and is made <br /> and given subject to all provisions of the Lease. Assignee hereby accepts this assignment <br /> and agrees to be bound by all obligations of the Tenant under said Lease <br /> Assignor: Assignee: <br /> Pro Power Sports &Marine, Inc. Mille Lacs Motorsports II, Inc. <br /> By By <br /> Todd Aymar, President Thomas A. Dehn, President <br /> CONSENT TO ASSIGNMENT <br /> The City of Ramsey, Minnesota, a municipal corporation under the laws of Minnesota, <br /> hereby consents to this assignment. <br /> City of Ramsey <br /> Sarah Strommen,Mayor Kurt Ulrich, City Administrator <br />
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