Agenda - Council - 11/23/2021 - Laserfiche WebLink

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LEASE AGREEMENT THIS LEASE AGREEMENT (hereinafter "Lease") made as of this day of , 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, Inc., a Minnesota corporation ("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 of worship and related uses. 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 rear 18,200 square feet located in the building located at 6701 Highway 10 Northwest, in Ramsey, Minnesota and which building ("Building") is located on the following legally described property: Lot 3, Block 1, DEAL INDUSTRIAL PARK, Anoka County, Minnesota. The Premises also include the nonexclusive use of the paved parking areas adjacent to the Building for access. 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, and is labeled "Lease Area 18,200 SF". Exhibit A is incorporated herein as if fully set forth in this Lease. 3. Term. The term of this Lease is: Lease Period 1 — December 1, 2021 — May 31, 2022 Lease Period 2 — June 1, 2022 — May 31, 2023 OPTION Period — Lease Period 3 — June 1, 2023 — May 31, 2024 (the "Option") The Lease begins on December 1, 2021 (the "Commencement Date") and ending at midnight on May 31, 2023, unless the Tenant provides Notice the Landlord that it wants to exercise the Option on or before March 1, 2023. If no Notice to Lease Agreement Page 1 of 11