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02-08-1989 Additions
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02-08-1989 Additions
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6/26/2013 11:41:05 AM
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TOWER /LAND LEASE AGREEMENT <br />THIS TOWER /LAND LEASE AGREEMENT ( "this Lease ") is entered <br />into this day of , 1989 between City of Little <br />Canada, a Minnesota municipal corporation ( "Landlord ") and <br />Minnesota Cellular Telephone Company, a Minnesota corporation, <br />(d /b /a Cellular One), ( "Tenant "). <br />In consideration of the terms and covenants of this <br />Agreement, and for other good and valuable consideration, the <br />parties agree as follows: <br />1. Leased Premises. Subject to the terms and conditions <br />of this Lease, Landlord leases to Tenant and Tenant leases from <br />Landlord a certain portion of real property owned by Landlord, <br />which property is located in Ramsey County, Minnesota, and <br />legally described in Exhibit A attached hereto (the "Property ") <br />which Property is subject to all existing easements, covenants, <br />conditions, and restrictions of record, if any. Landlord also <br />leases to Tenant and Tenant leases from Landlord certain space <br />on Landlord's water tower (the "Tower ") located on the Property, <br />which location and orientation of space is more particularly <br />described in Exhibit B attached hereto. The actual location of <br />the leased premises on the Tower and on the Property shall be <br />depicted by a drawing shown in Exhibit C attached hereto. <br />2. Term. The term of this Lease shall be five (5) years, <br />commencing upon Landlord's receipt of written notification by <br />Tenant of Tenant's receipt of all governmental approvals and <br />necessary building permits (the "Commencement Date ") and <br />terminating at Midnight on the fifth annual anniversary of the <br />Commencement Date. Tenant shall have the right to extend this <br />Lease for five additional five -year terms, subject to all of the <br />terms and conditions of this Lease. This Lease shall <br />automatically be renewed for each successive renewal term <br />unless: (a) Tenant shall notify Landlord of Tenant's intention <br />not to renew the Lease at least thirty days prior to expiration <br />of the term of any original or renewal term, or (b) Landlord <br />notifies Tenant of Landlord's intention not to renew the Lease <br />at least thirty days prior to the expiration of the term of any <br />original or renewal term. <br />3. Rent. <br />a. Upon the Commencement Date, Tenant shall pay <br />Landlord, as rent, the sum of Six Hundred and No /100 Dollars <br />($600.00) per month ( "Rent "). Rent shall be payable on the <br />first day of each month in advance to the City of Little Canada <br />at the address specified in Paragraph 12. On the fifth <br />anniversary of the Commencement Date of the term and annually <br />Page 20 <br />
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