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Agenda - Economic Development Authority - 10/08/2020
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Agenda - Economic Development Authority - 10/08/2020
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3/14/2025 3:42:35 PM
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10/2/2020 9:55:42 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
10/08/2020
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4. Use. The Premises shall be used by Tenant as a commercial use for <br />worship, educational and outreach purpose programs as directed by Connections Church. <br />Tenant will not make or suffer any unlawful or offensive use of the Premises or any use <br />or occupancy thereof contrary to any federal law, state law or ordinance of the City of <br />Ramsey now or subsequently hereto made. Tenant will not conduct or permit to be <br />conducted any activity, or place any equipment in or about the Premises, which will in <br />any way increase the rate of fire insurance or other insurance on the Premises; and if any <br />increase in the in the rate of fire insurance or other insurance is stated by any insurance <br />company or by the applicable Insurance Rating Bureau to be due to activity or equipment <br />of Tenant in or about the Premises, such statement shall be conclusive evidence that such <br />increase in such rate is due to such activity or equipment and, as a result thereof, Tenant <br />shall be liable for such increase and shall reimburse Landlord therefore and further, shall <br />discontinue or cause the discontinuance of such conduct or shall remove such equipment <br />upon Landlord’s demand made at any time thereafter. <br /> <br /> 5. Rent. Tenant covenants and agrees to pay to Landlord at the Landlord’s <br />office without demand, monthly rent in the following amounts: <br /> <br /> Year 1 (11/1/20 through 11/30/21): $2,500.00 <br /> <br />All Rent shall be payable on the first day of each month during the Lease Term. If <br />Landlord does not receive the Rent by the fifth day of the month, Tenant must pay a late <br />fee equal to five percent of the overdue rent payment as an additional rent. Rent is “paid” <br />when Landlord receives it, not when mailed or sent by Tenant. <br /> <br /> 6. Additional Rent. In addition to the Rent set forth in Paragraph 5 of this <br />Lease, Tenant covenants and agrees to pay as additional rent all monies required to be <br />paid by Tenant as set forth in the balance of this Lease. Specifically, but not by way of <br />limitation, the reasonable value of any action taken or materials used by Landlord to <br />correct or mitigate any violations of this Lease by the Tenant shall be deemed additional <br />rent and charged to Tenant payable with the Rent as set forth in Paragraph 5. <br /> <br /> 7. Utilities and Trash Removal. Tenant is solely responsible for paying for <br />all utilities servicing the Premises, including but not limited to, water, natural gas and <br />electricity. Tenant is also responsible for paying for the removal of all trash and recycling <br />materials generated as a result of Tenant’s use of the Premises. Landlord is not <br />responsible for any interruption in such services beyond the reasonable control of <br />Landlord. <br /> <br /> 8. Real Estate Taxes and Special Assessments. Landlord is responsible for <br />the payment of all real estate taxes and special assessments pertaining to the Premises <br />during the Lease Term. <br />Lease Agreement <br />Page 2 of 12 <br /> <br /> <br />
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