Laserfiche WebLink
2. Paragraph 2 Premises. is hereby replaced in its entirety as follows: <br />2. Premises. Collectively, the "Premises" consists of the following two areas: <br />A. Outdoor storage area "A" consisting of a 22,000 square foot area within a <br />parcel legally described as Tract A, Registered Land Survey No. 249, Anoka <br />County, Minnesota, as shown on Exhibit A (PID 34-32-25-21-0103). <br />B. Outdoor storage area "B" consisting of a 15,000 square foot area within a <br />parcel legally described as Tract A, Registered Land Survey No. 249, Anoka <br />County, Minnesota, as shown on Exhibit A (PID 34-32-25-21-0103). <br />3. Paragraph 5 Rent. is hereby replaced in its entirety as follows: <br />5. Rent. Tenant covenants and agrees to pay to Landlord at the Landlord's Agent <br />Office without demand, monthly rent in the following amounts: <br />Lease Term (June 1, 2026 through August 31, 2026): $4,625.00 <br />All Rent shall be payable on the first day of each month during the Lease Term. If Landlord <br />does not receive the full Rent by the fifth day of the month at 3:00 p.m., at the Landlord's Agent <br />Office, Tenant must pay a $200.00 late fee as an additional rent. Rent is "paid" when Landlord <br />receives it, not when mailed by the Tenant, date stamped by the Tenant, or sent by Tenant. <br />Tenant contemporaneously with the execution of this Lease shall deposit with Landlord the sum <br />of Four Thousand Six Hundred Twenty-five and 00/100 Dollars ($4,625.00.) as first month's <br />gross rent, receipt which is hereby acknowledged by the Landlord. <br />4. Paragraph 4 Use. is hereby replaced in its entirety as follows: <br />4. Use. <br />a. The Premises shall be used by Tenant as a commercial use for motor sports sales and <br />storage (boats, ATVs, UTVs, snowmobiles, golf carts, etc.). Auto and motorcycle <br />sales are not permitted. <br />b. Tenant will not make or suffer any unlawful or offensive use of the Premises or any <br />use or occupancy thereof contrary to any federal law, state law or ordinance of the <br />City of Ramsey now or subsequently hereto made. Tenant will not conduct or permit <br />to be conducted any activity, or place any equipment in or about the Premises, which <br />will in any way increase the rate of fire insurance or other insurance on the Premises; <br />and if any increase in the in the rate of fire insurance or other insurance is stated by <br />any insurance company or by the applicable Insurance Rating Bureau to be due to <br />2 <br />