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Councilmember introduced the following resolution and moved for its adoption: <br />RESOLUTION #21-093 <br />APPROVING LEASE AGREEMENT OF 6781 and 6745 HWY 10 NW WITH MILLE <br />LACS MOTOR SPORTS II INC <br />WHEREAS, Mille Lacs Motor Sports, Inc. (the "Tenant") has leased indoor and outside <br />storage space located at 6781 and 6745 Hwy 10 NW and depicted as "Area A,B, C, D and E" (the <br />"Lease Space") on the attached lease agreement for several years; and <br />WHEREAS, Mille Lacs Motor Sports, Inc. has asked the City to consider a 2 year <br />renewal of the Lease Space; and <br />WHEREAS, Mille Lacs Motor Sports, Inc. (formerly Power Lodge) has generally been a <br />good tenant for the duration of its previous leases with the City; and <br />WHEREAS, the proposed lease rate has been increased by 3% and has an annual 3% <br />inflator - $3,018.20 per month from June 1, 2021-May 31, 2022 and $3,108.72 per month from <br />June 1, 2022-May 31, 2023 and is considered market rate. <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY OF RAMSEY, ANOKA <br />COUNTY, STATE OF MINNESOTA, as follows: <br />1) That the City of Ramsey authorizes execution of the Lease Agreement with Mille Lacs <br />Motor Sports, Inc.; subject to City Attorney review. <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />, and upon vote being taken thereon, the following voted in favor thereof: <br />and the following voted against the same: <br />and the following abstained: <br />and the following were absent: <br />