Agenda - Council - 06/08/2021 - Laserfiche WebLink

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LEASE AGREEMENT THIS LEASE AGREEMENT (hereinafter "Lease") made as of this 1 ri‘ day of fin ft , 2021, is entered into by and between the City of Ramsey, a Minnesota Municipal Corporation, 7550 Sunwood Drive, Ramsey, Minnesota 55303 ("Landlord") and Mille Lacs Motor Sports II, a Minnesota Corporation, 6781 Highway 10 Ramsey, MN 55303 ("Tenant"). The Landlord and the Tenant are hereinafter collectively referred to as "the parties" and individually as a "party." IN CONSIDERATION OF the mutual agreements expressed herein, the parties agree as follows: 1. Purpose. Landlord is the fee owner of the Premises described in Paragraph 2 of this Agreement. Tenant desires to rent the Premises from Landlord for Tenant's use as a place for servicing ATV's, boats and trailers. Landlord is willing to lease the Premises to Tenant pursuant to the terms and conditions of this Lease. 2. Premises. The "Premises" consists of the 4,864 square feet of office and warehouse area (excluding the pit area service bay shown in Exhibit A) located in the building located at 6745 Highway 10 Northwest, in Ramsey, Minnesota and which building ("Building") is located on the following legally described property: Lot 2, Block 2, DEAL INDUSTRIAL PARK, Anoka County, Minnesota. The Premises also include the nonexclusive use of the paved parking areas adjacent to the Building, excluding the fenced in area. The Tenant's employees and invitees shall not be permitted to the use of those parking areas which interfere with the reasonable use of other tenants located within the Building. The Premises is depicted on the attached Exhibit A hereto. Exhibit A is incorporated herein as if fully set forth in this Lease. 3. Term. The term of this Lease is for a period of two years, commencing on June 1, 2021 (the "Commencement Date") and ending at midnight on May 31, 2023, unless extended by written agreement of both parties or sooner terminated as provided herein ("Lease Term"). 4. Use. The Premises shall be used by Tenant as a commercial use for servicing ATV's, boats and trailers. Tenant will not make or suffer any unlawful or offensive use of the Premises or any use or occupancy thereof contrary to any federal law, state law or ordinance of the City of Ramsey now or subsequently hereto made. Tenant will not conduct or permit to be conducted any activity, or place any equipment in Lease Agreement Page 1 of 12