CCP 04-13-1998 - Laserfiche WebLink

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1l1~ e. Pr01;wrty, 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 Wtl 1\4 of SE 1\4 (subj to Rd) in Section 27, TN 30, RN 23. f. \'later Tower. Means the existing City of Arden Hills \'later 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 \'later Tower and the Property herein the "Leased Premises'! as illustrated on the \'later Tower plan illustrated on Exhibit B attached. 3 . ~. The term of this Lease shall be five ( 5) years, .. starting on the Commencement Date and terminating at midnight on 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. fuill..t. . a. Upon the Commencement Date, Tenant shall pay Landlord as ba!;<=;:E,".!'}~ the ,sum of $750.00 permonth,cllle"I1<l" payaSleon~thenrst clay of each.month, in advance. If the 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 \'lest Highway 96, Arden Hills, Minnesota. 2 . .