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STANDARD OUTDOOR SIGN LEASE
<br />031621
<br />iDigital Outdoor, LLC
<br />4302 13th Ave So, Suite 4375
<br />Fargo, ND 58103
<br />SECTION I:
<br />AGREEMENT
<br />Agreement of lease made this
<br />City of Ramsey
<br />day of
<br />of 202 , by & between
<br />as Lessor, and iDigital Outdoor, LLC, as Lessee.
<br />SECTION II:
<br />LOCATION OF SIGN STRUCTURE
<br />Sign Address: 7443 HWY 10 NW City: Ramsey State: MN Zip: 56701
<br />Property Identification Number (PIN)•. 28-32-25-43-0002
<br />Legal Description: Part of Lot 2 and 3. Auditors Subdivision No 34. County of Anoka. State of Minnesota
<br />Addition Name:
<br />Block:
<br />Lot:
<br />Subdivision:
<br />Tax Parcel #: 28-32-25-43-0002
<br />SECTION III:
<br />LESSOR/LESSEE INFORMATION
<br />Lessor: CITY OF RAMSEY
<br />Address: 7550 Sunwood Dr NW
<br />Ramsey, MN 55303
<br />Contact: 1 Kurtis G. Ulrich
<br />Phone:
<br />Email: 1 KUIrich©ci.ramsey.mn.us
<br />SECTION IV:
<br />Lessee:
<br />IDIGITAL OUTDOOR, LLC
<br />Address: 4302 13th Ave So, Suite 4375
<br />Fargo, ND 58103
<br />Contact: 1 Josh Gilleland
<br />Phone: 1 701.369.6100
<br />Email: 1 josh©idigitaloutdoor.com
<br />LEASE TERM - RENTAL/ADVERTISING PAYMENTS
<br />Term:
<br />Payment:
<br />Special Condition(s):
<br />This Lease is for an initial term of 35 years. The Lessee will have the option to renew this Lease for two additional ten year
<br />terms which will automatically renew unless notice is given by Lessor two months before the expiration of the Lease term.
<br />Lessor will be paid monthly at a rate of 25 % of the gross monthly billing per month. Payments to Lessor will commence 60
<br />days after the billboard goes live.
<br />Lessee will raise advertising rates annually based upon prime and/or market conditions. Local Business Enterprises or "LBE" will
<br />have a special rate, called the "local rate". The local rate shall be 33% less than the standard rate card rates as published by
<br />iDigital annually. An LBE shall be defined as a business headquartered or which maintains a Substantial Local Office that
<br />performs the significant functions of the business in the City of Ramsey or a business of which at least 51% of the stock,
<br />equity, or beneficial interest is owned, held, or controlled and whose day-to-day management is under the control of an
<br />individual residing in the City of Ramsey. All businesses in the COR shall also carry an LBE designation. There is no formal
<br />certification process for LBE designation and it is determined and assigned based upon the criteria referenced in this definition.
<br />Lessee further agrees to give the City of Ramsey open inventory for free on Lessees other networks to advertise events and
<br />announcements. In light of Lessor's status as a governmental entity, Lessee agrees to prohibit political advertisements,
<br />meaning advertisements appealing for votes for or against a candidate or issue in any election campaign. Lessee further
<br />agrees to prohibit advertisement of adult use businesses or products sold or marketed by adult use businesses as such
<br />businesses are defined in Section 117-1 of the City Code.
<br />SECTION V:
<br />CONSTRUCTION OF SIGNS
<br />The Lessee will have the right to erect, place and maintain advertising sign structures and equipment at Lessee's own expense on the demised
<br />premises and post, paint, illuminate and maintain advertisements on such structures. All structures, equipment and materials placed upon the
<br />said premises by the Lessee shall always remain the personal property of, and may be removed by, the Lessee at any time prior to or within a
<br />reasonable time after the expiration of the term hereof or any extension thereof or as otherwise provided herein. Exhibit"B" will be attached
<br />hereto with the sign plans, specifications, renderings and placements. These and future sign changes that are significant in nature are subject
<br />to approval by the city of Ramsey. All signs, structures, equipment and materials shall comport with Federal, State and local law, including any
<br />City of Ramsey permit requirements.
<br />SECTION VI:
<br />EASEMENT
<br />Lessor hereby grants unto Lessee, its successors and assigns an easement over, upon and in the following described tract of property:
<br />Legal Description: Part of Lot 2 and 3 Auditors Subdivision No 34. County of Anoka. State of Minnesota
<br />Addition Name:
<br />Block:
<br />Lot:
<br />Subdivision:
<br />Tax Parcel #: 28-32-25-43-0002
<br />The purpose is constructing, operating and maintaining, repairing its advertising sign structures and equipment, together with the customary
<br />utilities including, but not limited to, the electrical utilities described in Section VII below. The easement area is pictorially lepiesciited on the
<br />gttachp.d Exhibit "A." Lessor, it's successors and assigns, further agree that they will not disturb, injure, molest or in any manner interfere with
<br />the advertising structures and equipment, including utilities, over and upon the above described premises and Lessor expressly warrants and
<br />states no buildings, trees, shrubs or other obstacles of any kind shall be placed or located upon the above described premises so as to interfere
<br />in any manner with the construction, operation, maintenance or repair of said advertising sign, structures and equipment including utilities or
<br />customary appurtenances provided that Lessee, at its own expense, shall refill any excavation it makes, and level the ground thereafter,
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