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CITY OF RAMSEY <br /> <br />TEMPORARY STORAGE LEASE <br /> <br /> This Temporary Storage Lease is entered into by and between the City of <br />Ramsey, a Minnesota municipal corporation (Landlord) and Mille Lacs Motor Sports <br />II, Inc., a Minnesota corporation (Tenant). <br /> <br />Recitals <br />A. Landlord currently leases to Tenant real property located at 6781 Highway 10 in <br />Ramsey, which contains Tenant’s “Power Lodge” motorsports business. <br />B. Tenant provides winter boat storage services to its customers. <br />C. Landlord owns the two parcels to the southeast, namely 6745 and 6701 Highway <br />10. Pursuant to the existing Lease Agreement, Tenant leases Outdoor Storage <br />Areas C and D behind and adjacent to the building located at 6745 Highway 10. <br />D. Tenant desires to temporarily store customer boats and/or inventory in the row of <br />parking spaces at the rear of the 6701 Highway 10 property. <br />E. Landlord is willing to allow temporary storage of customer boats and/or inventory <br />in said parking area pursuant to the terms of this temporary lease agreement. <br />Agreement <br />1. Lease. Landlord leases to Tenant the area outlined in Exhibit A along the rear <br />property line of the property located at 6701 Highway 10 (PID 34-32-25-12-0009) <br />(the Leased Area). <br />2. Term. The term of this Lease is from: <br />Lease Period 1: October 15, 2020, through November 15, 2020, <br />And; <br />Lease Period 2: April 1, 2021, through May 30, 2021, <br />And: <br />Lease Period 3: October 1, 2021, through November 30, 2021 <br />unless extended by written agreement executed by both parties. <br /> <br />