12-15-2014 Council Agenda - Laserfiche WebLink

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SITE NAME: MINC Craig's List SITE NUMBER: LAND LEASE AGREEMENT This Agreement, made this day of , 201_, between Little Canada Economic Development Authority, a political subdivision under the laws of Minnesota, with its principal offices located at 515 Little Canada Road East, Little Canada, Minnesota 55117, hereinafter designated LESSOR and Verizon Wireless (VAW) LLC d/b/a Verizon Wireless, with its principal office located at One Verizon Way, Mail Stop 4AW100, Basking Ridge, New Jersey 07920 (telephone number 866-862-4404), hereinafter designated LESSEE. The LESSOR and LESSEE are at times collectively referred to hereinafter as the "Parties" or individually as the "Party". 1. PREMISES. a. LESSOR hereby leases to LESSEE a portion of that certain real property located at 53 South Owasso Boulevard West, in the City of Little Canada, County of Ramsey, State of Minnesota, as being further described in Exhibit "A" attached hereto and made a part hereof (the entirety of LESSOR's property is referred to hereinafter as the "Property"), being described as a nineteen feet 6 inches (19'6") by fifty-six feet (56') parcel containing 1,092 square feet (the "Land Space"), together with the non- exclusive right (the "Rights of Way") for ingress and egress, seven (7) days a week twenty-four (24) hours a day, on foot or motor vehicle, including trucks and an utility right of way for the installation and maintenance of utility wires, poles, cables, conduits, and pipes over, under, or along the utility rights of way shown on Exhibit A (hereinafter collectively referred to as the "Premises") being substantially as described herein in Exhibit "A" attached hereto and made a part hereof. b. LESSEE acknowledges that LESSOR, in its sole discretion, may redevelop the area encompassing 53 South Owasso Boulevard in a manner that could result in a new access point to South Owasso Boulevard; the construction of a new street/driveway to serve the area; and the replatting of property. LESSOR will insure that LESSEE has a continued and unimpeded right of access to the property and utilities, which serve the property throughout the term of this lease. LESSOR shall pay for the costs of constructing the improvements. LESSEE shall pay for the construction costs to relocate its utilities including fiber. LESSOR shall give LESSEE at least 90 days notice prior to requiring LESSEE to relocate its utilities. LESSEE's use of the premise shall not he interrupted or diminished during the construction of the improvements. LESSEE shall be allowed, at LESSEE's sole determination, to place a temporary installation on the property during any such relocation. 2. SURVEY. LESSOR also hereby grants to LESSEE the right to survey the Property and the Premises, and said survey shall then become Exhibit "B" which shall be attached hereto and made a part hereof, and shall control in the event of boundary and access discrepancies between it and Exhibit "A". Cost for such work shall be borne by the LESSEE. MING Craig's List Land Lease Agrecmen2604776v I 2