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03-03-14 Council Packet
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03-03-14 Council Packet
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3/25/2014 10:13:32 AM
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3/4/2014 9:59:05 AM
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City Council
Council Document Type
Council Packet
Meeting Date
03/03/2014
Council Meeting Type
Work Session Regular
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<br />1 <br />162441 <br />LAND USE AGREEMENT <br /> <br /> <br /> This Land Use Agreement (“Agreement”) is entered into this _____ day of <br />_________________, 2014. <br /> WHEREAS, Pinnacle Point, LLC, a limited liability corporation organized under the <br />laws of the State of Minnesota (“Owner”), owns that certain property located at 7309 Lake Drive <br />in the City of Lino Lakes, County of Anoka, State of Minnesota legally described as follows: <br />LOT 3 AUD SUB NO 54, TOG/W THAT PRT OF LOT 1 & 2 SD AUD SUB <br />LYG S OF N 300 FT THEREOF & LYG NWLY OF WLY R/W LINE OF T H <br />NO 49 & LYG SWLY OF FOL DESC LINE: COM AT PT OF INTER OF S <br />LINE OF SD N 300 FT W ITH SD WLY R/W LINE, TH SWLY ALG SD WLY <br />R/W LINE 127.34 FT TO POB OF SD LINE, TH NWLY AT RT ANG 272.63 <br />FT TO INTER/W S LINE OF SD N 300 FT & SD LINE THERE TERM, EX RD, <br />SUBJ TO EASE OF REC <br /> <br /> PID# 17-31-22-33-003 <br /> <br />(“Property”); and <br /> WHEREAS, the Property is located in the City of Lino Lakes, a body corporate and <br />politic (the “City”) and governed by the City’s ordinances and regulations as well as any and all <br />applicable Minnesota state statutes; and <br /> WHEREAS, Mobile Mini, Inc. (“Tenant”) is a corporation organized under the laws of <br />Arizona, which has entered into a Lease, dated March 17, 2011 with the Owner for portions of <br />the Property, including a portion of the building located on the Property, together with the right <br />of outside storage on three acres of the Property; <br /> WHEREAS, Tenant’s Lease terminates December 31, 2017; <br /> WHEREAS, Tenant is in the business of leasing out modular construction trailers and <br />portable storage units used in the construction business and its Lease with Owner provides such
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