1996 10-15 PC Minutes - Laserfiche WebLink

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LEASE AGREEMENT N OT This Lease Agreement is entered effective October 1, 1996, by and etween Barnett Chrysler Plymouth, 3610 Highway 61, White Bear Lake, Minnesota, 55110 (hereinafter "Landlord"), and Michael R. Gerner, 3636 Scheuneman Rd., Gem Lake, Minnesota, 55110 (hereinafter "Lessee"). RECITALS A. Landlord is the owner of premises consisting of an open, paved lot suitable for use for parking motor vehicles thereupon- said premises being located immediately adjacent to and westerly of premises hereinafter described owned by the Lessee. B. Lessee will own, operate, manage and/or lease a portion of his premises located at 3736 Scheuneman Rd. (Old 'Cook' property) wherein the course thereof it is desirable and may be necessary to have additional parking i.e. and overflow parking availability. C. The parties desire to enter into a lease agreement to define the rights of each pertinent to a lease of a portion of the premises owned by the Landlord to be used by the Lessee for additional parking of motor vehicles. AGREEMENT 1. Premises. Landlord leases to Lessee a portion of its premises located immediately adjacent to and westerly of Lessee's property, said portion thereof to be in size sufficient for the parking of twelve (12) motor vehicles thereupon. 2. Permitted Use. Lessee shall use the premises for the specific purpose of parking of additional motor vehicles thereupon for employees, customers and invitees of Lessee's or its sublessee's business establishment situated immediately easterly of and adjacent to said premises. It is understood this will be utilized as overflow parking facility, and shall not be used for any other purpose, or any unlawful purpose. 3. Term and Rent. Lessee shall have use and possession of the premises for a term of ten (10) years, commencing October 1, 1996, and terminating on September 30, 2005. Lessee shall pay rent to Landlord in the amount of One ($1.00) Dollar, the receipt and sufficiency of which is hereby acknowledged. 4. Option to Extend. Landlord grants Lessee the option to renew and extend this Lease for one additional term of ten (10) years, to be exercised by Lessee providing to the Landlord notice of intent to do so prior to expiration of the initial lease term. 5. Alterations, Additions. Lessee may make no alter.:tions or improvements to the premises without first obtaining Landlord's consent, whrh consent may he withheld in Landlord's absolute discretion. 6. Indemnification. Lessee agrees to defend, indemnify and hold Landlord harmless from and against any and all claims arising from the use of the premises of Lessee or any