Agenda - Council - 10/23/2018 - Laserfiche WebLink

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Exhibit A Lease Addendum to Subsequent Tenant NOTICE OF RELOCATION INELIGIBILITY This addendum to lease is made this day of , 20 by and between Todd N. Bialon dba EZ Auto, ("Tenant/Landlord"), and , ("Subtenant") and is regarding the property located at 7551 Highway 10 NW, Ramsey, Minnesota. RECITALS A. The City of Ramsey (the "City"). is the fee title owner of two parcels of property lying directly east of the property commonly known as 7551 Highway 10 NW Ramsey, Minnesota which two parcels are legally described on attached Exhibit A (the "Premises"). - B. - The City purchased the Premises for the future purposes of a U.S. Highway 10 Road Improvement Project (the "Project"). Tenant/Landlord has leased the Premises from the City. The Project will require all occupants including any of Tenant/Landlord's Subtenants of the Premises to vacate the Premises as of yet on an undetermined date in the future. At a minimum, any Subtenant will receive a 90 Day written Notice to vacate the Premises from the City. C. The Tenant/Landlord's lease of a part of the Premises described on attached Exhibit B with Subtenant (Name of Subtenant) is conditioned upon the following terms: 1. The Subtenant understands that, it/he/she is leasing the Premises after the City has acquired and became fee owner of the Premises. 2. The Subtenant is a "subsequent tenant" to the acquisition by the City and as such, WILL NOT be considered a "displaced person" as defined by Minnesota Statute § 1.17.52, the Minnesota Uniform Relocation Assistance Act and as Amended. 3. Pursuant to Minnesota Statute, "Subsequent tenants" ARE NOT eligible to receive any relocation assistance, such as actual moving costs or business reestablishment expenses from the City at the termination of this sublease. 4. This Lease Addendum is a NOTICE OF RELOCATION INELIGIBILITY, and it is not a waiver of benefits. 5. By signing this document Subtenant acknowledges receipt of the above disclosures. In addition, Subtenant is advised that this is a binding legal document and that Subtenant may want to seek legal advice prior to signing this document.