12/02/1996 Park Board Packet - Laserfiche WebLink

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11L`O1/96 FRI 16:14 FA-X 612 452 5550 C K S & F 444 BtRNSVILLE U002 GROUND LEASE GROUND LEASE dated , 1996, by and between the CITY OF BURNSVILLE, a Minnesota municipal corporation located at 100 Civic Center Parkway, Burnsville, MN 55337 ("Landlord"), and BURNSVYLLE SKATE PARK, INC., a Minnesota non-profit corporation ("Tenant"). 1. GRANT OF LEASE. In consideration of the mutual covenants and agreements hereinafter set forth, the Landlord does hereby Lease to Tenant and the Tenant does hereby rent from the Landlord the land described in the attached Exhibit "A." ("Property"). 2. TERM. This Lease shall commence on the 1st day of June, 1996, and shall terminate on the Ist day of June, 1999, unless sooner terminated in accordance with the other terms of this Lease. The Landlord may terminate this Lease on January 1st each year during the term of the Lease by giving Tenant sixty (60) days advance written notice. 3. RENT. Tenant agrees to pay Landlord an annual rental of One Dollar ($1.00). Rent shall be remitted to Landlord by check, in advance, on or before the 1st day of March during each year during the term of this Lease. 4. CONSTRUCTION OFDdPROVEMENTS. Tenant agrees to construct an inline skating, skateboarding and bicycling facility("Skate Park"), at its own expense, on the Property in accordance with the plans to be approved by the City Engineer. The Skate Park must be enclosed with an eight foot high (minimum) security fence which must be locked during non- operational hours. Any plan changes must be approved in writing by the Landlord. The plans must also be reviewed and approved, at Tenant's expense, by a structural engineer registered with the State of Minnesota. Further, at Tenant's expense, prior to the opening of the facility, 34397.03 RNK:r11/01/96