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01/08/2007 Council Packet
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01/08/2007 Council Packet
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City Council
Council Document Type
Council Packet
Meeting Date
01/08/2007
Council Meeting Type
Regular
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• <br />• <br />• <br />MEMORANDUM OF LEASE <br />Assessor's Parcel Number: 05- 31 -22 -24 -0003; 05- 31 -22 -24 -0031 <br />Between City of Lino Lakes ( "Landlord ") and T- Mobile Central. LLC ( "Tenant ") <br />A Tower Lease with Option (the "Lease ") by and between City of Lino Lakes , a(n) Minnesota Corporation ( "Landlord ") and T- <br />Mobile Central, LLC, a Delaware limited liability company ( "Tenant ") was made regarding a portion of the following property: <br />See Attached Exhibit "A" incorporated herein for all purposes <br />The Option is for a term of twelve (12) months after the Effective Date of the Lease (as defined under the Lease), with up to one additional <br />twelve (12) month renewal ( "Optional Period "). <br />The Lease is for a term of ten (10) years and will commence on the date as set forth in the Lease (the "Commencement Date "). Tenant shall <br />have the right to extend this Lease for three (3) additional and successive five -year terms. <br />IN WITNESS WHEREOF, the parties hereto have respectively executed this memorandum effective as of the date of the last party to sign. <br />LANDLORD: City of Lino Lakes <br />By: <br />Printed Name: <br />Title: <br />Date: <br />LANDLORD: <br />By: <br />Printed Name: <br />Title: <br />Date: <br />TENANT: T- Mobile Central, LLC <br />By: <br />Printed Name: Hossein Sepehr <br />Title: Director of Engineering & Operations <br />Date: <br />Printed Name: <br />Site Number: Al NO108 - A <br />Site Name: Lino Lakes City Monopole <br />Market: Minneapolis <br />1 <br />-49- <br />Tower Lease — version 6.30.06 <br />
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