Agenda - Council - 01/27/2026 - Laserfiche WebLink

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LEASE AGREEMENT THIS LEASE AGREEMENT (hereinafter "Lease") made as of this 2 day of May, 2025, 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) 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. Term. The term of this Lease is for a period of seven months, commencing on June 1, 2025 (the "Commencement Date") and ending at midnight on January 31, 2026, unless extended by written agreement of both parties or sooner terminated as provided herein ("Lease Term"). If Tenant desires to end this Lease, Tenant may do so by providing Landlord with 90 days prior written notice. Notwithstanding the Lease Term, Landlord may terminate this Lease at any time at Landlord's sole option upon 90 days prior written notice to Tenant. 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 or about the Premises, which will in any way increase the rate of fire insurance or other insurance on the Premises; and if any increase in the in the rate of fire insurance or other insurance is stated by any insurance company or by the applicable Insurance Rating Bureau to be due to activity or equipment of Tenant in or about the Premises, such statement shall be conclusive evidence that such increase in such rate is due to such activity or equipment and, as a result thereof, Tenant shall be liable for Lease Agreement Page 1 of 9