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LEASE AGREEMENT THIS LEASE AGREEMENT ( "Lease "), is made and entered into this _14th day of October , 2009, by and between the City of Lino Lakes ("Lessor") and North Memorial Hospitals Ambulance Division ( "Lessee ") (collectively "Parties "). RECITAT ,S WHEREAS, Lessor is the owner of real property and has constructed a Fire Station; and WHEREAS, Lessee desires to lease a portion of the Fire Station to store and operate its ambulance; WHEREAS, Lessor is willing to lease to Lessee upon such terms and conditions as are expressed herein. NOW, THEREFORE, Lessor and Lessee hereby covenant and agree as follows: 1. LEASED PREMISES: Subject to, and upon the terms, provisions, and conditions hereinafter set forth, Lessor does hereby lease and demise unto Lessee, the following premises: A portion of the real property known as Fire Station 2 located at the 7741 Lake Drive Lino Lakes, Minnesota, legally described as Caroles Estates, 2nd Addition, Lot 17, Blk 2. The leased premises shall consist of 720 sq. feet of interior space (7% of the entire building) to store and operate Lessee's ambulance and two exterior parking stalls for Lessee's employees. Additionally, Lessee shall have the non - exclusive right to use the following common areas: corridor, kitchen, shower room, locker area, and restroom, subject to Lessor's rules and regulations which may change from time to time. 2. PERM OF LEASE: The term of this Lease shall commence as of the date of execution and shall continue for a term of three (3) years. 3. EARLY 'i'ERIVmNATION OF LEASE: The Lease may be terminated without cause prior to the end of the term by either Party by providing 90 days written notice to the other Party. Upon termination of this Lease, Lessee will promptly and peaceably surrender the Premises to Lessor in substantially the same condition existing on the commencement date of the Lease, ordinary and reasonable use, damage and wear excepted. • • •