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

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will in any way increase the rate of fire insurance or other insurance on the Premises; and if any increase in the in the rate of fire insurance or other insurance is stated by any insurance company or by the applicable Insurance Rating Bureau to be due to activity or equipment of Tenant in or about the Premises, such statement shall be conclusive evidence that such increase in such rate is due to such activity or equipment and, as a result thereof, Tenant shall be liable for such increase and shall reimburse Landlord therefore and further, shall discontinue or cause the discontinuance of such conduct or shall remove such equipment upon Landlord's demand made at any time thereafter. c. Tenant's use of the Premises shall be consistent with Exhibit A. Access to Indoor Storage Area F is through Outdoor Storage Area D, which is under lease to Mille Lacs Motor Sports, Inc. Tenant shall obtain a license from Mille Lacs Motor Sports, Inc. to gain access through Area D and to the doors of the Building. d. Any sign, lettering, picture, notice or advertisement installed on or in any part of the Premises and visible from the exterior of the Building must be approved by Landlord, which approval shall not be unreasonably withheld, and installed at Tenant's expense. Political signs are prohibited on the Premises. If this subparagraph is violated, Landlord may remove the sign(s) without liability and may charge the expense incurred by such removal to Tenant. 5. Rent. Tenant covenants and agrees to pay to Landlord at the Landlord's Agent Office without demand, monthly rent in the following amounts: Year 1 (June 1, 2018 through May 31, 2019): $195.29 Year 2 (June 1, 2019 through May 31, 2020): $201.15 Year 3 (June 1, 2020 through May 31, 2021): $207.18 All Rent shall be payable on the first day of each month during the Lease Term. If Landlord does not receive the full Rent by the fifth day of the month at 3:00 p.m., at the Landlord's Agent Office, Tenant must pay a $200.00 late fee as an additional rent. Rent is "paid" when Landlord receives it, not when mailed by the Tenant, date stamped by the Tenant, or sent by Tenant. 6. Additional Rent. In addition to the Rent set forth in Paragraph 5 of this Lease, Tenant covenants and agrees to pay as additional rent all monies required to be paid by Tenant as set forth in the balance of this Lease. Specifically, but not by way of limitation, the reasonable value of any action taken or materials used by Landlord to correct or mitigate any violations of this Lease by the Tenant shall be deemed additional rent and charged to Tenant payable with the Rent as set forth in Paragraph 5. 7. Utilities and Trash Removal. Tenant is solely responsible for paying for all utilities servicing the Premises, if any, including but not limited to, water, natural gas and electricity. Tenant is also responsible for paying for the removal of all trash and recycling materials generated as a result of Tenant's use of the Premises. Landlord is not responsible for any interruption in such services beyond the reasonable control of Landlord. Page 2 of 11