Agenda - Council - 05/22/2018 - Laserfiche WebLink

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LEASE AGREEMENT THIS LEASE AGREEMENT (hereinafter "Lease") made as of this day of , 2018, is entered into by and between the City of Ramsey, a Minnesota municipal corporation, 7550 Sunwood Drive, Ramsey, Minnesota 55303 ("Landlord") and Mille Lacs Motor Sports II, Inc., a Minnesota corporation, 6781 Highway 10, Ramsey, Minnesota 55303 ("Tenant"). IN CONSIDERATION OF the mutual agreements expressed herein, the parties agree as follows: 1. Purpose. Landlord is the fee owner of the Premises described in Paragraph 2 of this Agreement. Tenant desires to rent the Premises from Landlord for Tenant's use for recreational equipment sales and service. Landlord is willing to lease the Premises to Tenant pursuant to the terms and conditions of this Lease. 2. Premises. Collectively, the "Premises" consists of the following five areas: A. Outdoor storage area "A" consisting of a 22,000 square foot area within a parcel legally described as Tract A, Registered Land Survey No. 249, Anoka County, Minnesota, as shown on Exhibit A (PID 34-32-25-21-0103). B. Outdoor storage area `B" consisting of a 15,000 square foot area within a parcel legally described as Tract A, Registered Land Survey No. 249, Anoka County, Minnesota, as shown on Exhibit A (PID 34-32-25-21-0103). C. Outdoor storage area "C" consisting of 3,200 square foot area within a parcel legally described as Lot 2, Block 1, Deal Industrial Park, Anoka County, Minnesota, as shown on Exhibit A (PID 34-32-25-12-0008). D. Outdoor storage area "D" consisting of 12,000 square foot area within a parcel legally described as Lot 2, Block 1, Deal Industrial Park, Anoka County, Minnesota, as shown on Exhibit A (PID 34-32-25-12-0008). E. Indoor storage area "E" consisting of 7,900 square feet split between two areas within the rear building on the parcel legally described as Lot 2, Block 1, Deal Industrial Park, Anoka County, Minnesota, as shown on Exhibit A (PID 34-32-25-12-0008). 1