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Attachment 2 <br />TERMINATION OF LEASE AGREEMENT <br />HIS TERMINATION OF LEASE AGREEMENT(this “Agreement”) is made and entered <br />T <br />into effective as of this _____ day of _____, 2025, by and between the City of Roseville, a Minnesota <br />body corporate and politic (the “Landlord”) and TDM Salons, LLC, a Minnesota limited liability <br />company (the “Tenant”). <br />RECITALS: <br />WHEREAS, the Tenant and the former landlord, Roseville Center Limited Partnership, <br />entered into that certain Indenture of Lease Agreement dated February 10, 2014, a copy of which is <br />attached hereto as Attachment 1 (the “Lease”), regarding the property legally described in Exhibit A <br />to the Lease (the “Property”)andthat certain portion of the Property identified as Suite 2727 and <br />depicted in Exhibit B to the Lease (the “Premises”), and after various extensions and amendments, <br />the month-to-month Lease will expire on May 31, 2025; and <br />WHEREAS, in 2018 Roseville Center Limited Partnership conveyed the Property to the <br />Landlord and assigned the Lease to the Landlord; and <br />WHEREAS, Landlord intends to relocate Tenant to proceed with redevelopment plans of the <br />Property; and <br />WHEREAS, Tenant provided written notice to the Landlord on April 7 2025, requesting the <br />Lease be terminated on the effective date of May 31, 2025; and <br />WHEREAS, at the start of the Lease the Tenant made improvements and installed trade <br />fixtures, furniture and equipment at its own expense on the Premises; and <br />WHEREAS, Landlord has obtained a professional and independent appraisal of the fair <br />market value in the continued use of the Tenant’s improvements and trade fixtures, furniture and <br />equipmenton the Premises and the appraised value was found at $143,760.00; and <br />WHEREAS, Landlord has offered and Tenant has acceptedpayment in the amount of <br />$143,760.00 to Tenant foracquisition ofitsimprovements and trade fixtures, furniture and equipment <br />on the Premises as a full satisfaction of all claims that Tenant may be entitled to related to the Property, <br />the Premises, thetermination of the lease, and the acquisition of Tenant’s improvements and trade <br />fixtures, furniture and equipment on the Premises; and <br />WHEREAS, Landlord and Tenant are separately coordinating to provide Tenantwith any <br />other relocation services and benefits for which Tenant may be eligible pursuant to the Minnesota <br />Uniform Relocation Assistance Act (MURA), Minn. Stat. §§ 117.50, et seq, and have agreed that <br />Tenant will submit and a claim for a fixed payment in lieu of actual moving and related expenses in <br />the amount of $50,000 regarding the costs of relocation of any non-acquired personal property and <br />Tenant’s business reestablishment and that Landlord will approve said claim upon receipt of <br />reasonable verifying documentation; and <br />WHEREAS, the Landlord and the Tenant desire to terminate the Lease effective May 31, <br />2025 so that the Landlord may occupy the Premises; and <br />RS160-12-1026853.v5 <br />1 <br />Qbhf!251!pg!385 <br /> <br />