CCP 02-13-1995 - Laserfiche WebLink

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I e. Property. Means the certain parcel of property _. located in the State of Minnesota, County of . Ramsey, City of Arden Hills, commonly known as 1230 Red Fox Road, Arden Hills, Minnesota 55112. The legal description of the property is as . follows: North 240 feet of East 150 feet of NW 1\4 of . SE 1\4 (subj to Rd) in Section 27, TN 30, RN 23. . f. Water Tower. Means the existing City of Arden Hills Water Tower located on the Property as . illustrated on the Approved Site Plan and as further illustrated on Exhibit B attached. 2 . Leased Premises. Subject to the terms and conditions of . this lease, Landlord leases to Tenant and Tenant leases from Landlord those portions of the Water Tower and the Property . herein the tlLeased Premisesl1 as illustrated on the Water Tower plan illustrated on Exhibit B attached. -. 3 . Term. The term of this Lease shall be five (5) years, starting on the Commencement Date and terminating at midnight on I the fifth annual anniversary of the Commencement Date. Except as hereinafter provided, Tenant Landlord shall have the right to extend this lease for four (4) additional five (5) year terms . subject to all of the terms and conditions of the lease. This lease shall automatically be renewed for each successive renewal term unless either party provides (60 ) sixty days notice of an . intent to terminate the lease or renew the lease with revised terms. 4. E&n.t. . . a. Upon the Commencement Date, Tenant shall pay Landlord . as base rent the sum of $750.00 per month due and payable on the first ~ay of each month, in advance. If t~e Commencement Date occurs at a time other than on . the first day of the month, Rent shall be pro rated as of the Commencement Date through the end of the month . in advance to the City of Arden Hills at 1450 West Highway 96, Arden Hills, Minnesota. -. 2 .