2009_1019_Packet - Laserfiche WebLink

Home

Attachment C EXHIBIT "C" LEASE This is a legal agreement ("Lease") between Hagen Ventures, LLC, a Minnesota limited liability company ("Tenant") and the City of Roseville, a municipal corporation ("Landlord") to rent the Premises described below. Landlord and Tenant agree to the following terms. This Lease may be enforced in court against the Landlord or the Tenant if either one of them does not comply with this Lease. 1. Premises. The Premises ("Premises") is located at 2785 Fairview Avenue, legally described as follows: That part of South 550 feet of the East 630 feet of the Northeast Quarter of the Southwest Quarter of Section 4, Township 29, Range 23, Ramsey County, Minnesota, which lies west of the east 43.00 feet thereof and which lies northerly and northwesterly of the following described line: Commencing at the Southeast corner of the Northeast Quarter of the Southwest Quarter of Section 4, Township 29, Range 23, Ramsey County, Minnesota; thence North Ol degrees 08 minutes 13 seconds West, assumed bearing along the east line of said Northeast Quarter of the Southwest Quarter, 468.25 feet, to the point of beginning of said line to be hereinafter described; thence South 88 degrees 58 minutes 08 seconds West, 167.25 feet; thence southwesterly, 401.90 feet, along a tangential curve, concave to the southeast, having a radius of 500.00 feet and a central angle of 46 degrees 03 minutes 17 seconds; thence South 42 degrees 55 minutes 31 seconds West, tangent to the last described curve, 148.39 feet, to the west line of Northeast Quarter of the Southwest Quarter of Section 4, Township 29, Range 23 and said line there terminating. The Premises is shown in the sketch attached as Exhibit B. 2. Term of Lease. This Lease is for a fixed term from the date Landlord acquires the Property and ending on June 1, 2011, time being of the essence. a. Earlv Termination by Tenant. Tenant may terminate this Lease at any time earlier than the end of the term upon 30 days' written notice to Landlord. b. Earlv Termination by Landlord. Landlord has the right to terminate this Lease prior to June 30, 2011 upon the delivery of 60 days' written notice to Tenant, which notice must be accompanied by an early termination fee in the amount of $8,916.66 for each month between the early termination date and June 30, 201 l, prorated for any partial months. 3. Rent. Rent for the Premises is One Dollar ($1.00) and other good and valuable consideration, the receipt of which is hereby acknowledged. 1 of 5