2006-03-08 CC Packet - Laserfiche WebLink

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If to Landlord: City of Circle Pinos 200 Civic Heipts Circle Circle Pines, Minnesota 55014 If to TeJIIDt: Board of Police Comaissioners for the Cities of CenterviIIe, Circle Pinos and LoxiDgton 54 North Road Circle Pines, Minnesota 55014 LaacIlord and Tenant may~ by notice Biven in the S8IIlD IIIBIIIIft" lOt forth abow, c1csi.... a dimnnt address to which subsequent notices sbaI1 be sent. Notice sbaI1 be deemed given when delivered, if delivered pcrscmaIIy or by reputable ovemisbt delivery scniee tlat provides proof of cloIivery, or when mailed if SCDt by certified or resistered mail, return receipt requested. 18. ,......'. IUaht te 0aIet .nlaYJnent. Upon paying the rents and other sums required of Tenant under the Lease and faitbfuUy and fully perCormins the terms, conditioDS and covenants of the Lease on Tenant's part to be performed, Temmt sbaU peaceably and quietly have, hold and enjoy the Premises for the Lease term. 19. T...fer of Title to TeD8llt. At the end of the Lease period herein, Landlord sbaI1 tnmsfer title to the Premises by Quit Claim Deed to Tenant. At the end of the Lease period herein, Landlord shaD I transfer title to the Premise by W arranw ~_~ _~ _~~~_ _~f~l~,_ _~~!~_ _~_~_ ~ _. _ - - -. - { De......: Quit Claim ownersbip in the following percentages: ~e 35% CiJcle Pines 35% Lexington 30010 On February 1, 2013 and on February 1 of any year thereafter, Tenant sball transfer the Premises to the above cities if the General Obligation Bonds of the Landlord are paid in fun. In that event the Premise shall be transferred in the same percentages specified above. 20. ......0.__ <a> V.lldltv of Lease. The provisions of this Lease are severable. If any provision of the Lease is adjudpcl to be invalid or uneaforceablo by a court of competcat jurisdictioa, it shaU not affect the validity of any other provision of this Lease. (b) BIdin ~ This Lease contains tho entire ........ between tho parties. No representative, agent or employee of Landlord bas been authorized to make any representations, warranties or promises with respect to the Iottin& or to vary, alter or modify the pro~sions of this Lease. No additions, ohaogC$, modifications, renewals or extensiODS of this Lease, sbaU be bindins unless reduced to writias and Biped by both parties. 13