03/22/2010 Council Packet - Laserfiche WebLink

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• • 4. RENT: Lessee shall pay to Lessor (City of Lino Lakes) Rent for the use of the Premises of (396 interior square feet @ $12.00 /sq. ft. and 560 garage square feet @ $6.00 /sq. ft.) The lessee shall also pay the Centennial Fire District a monthly fee of -two hundred -fifty dollars ($250) to cover the costs of electricity, sewer, water, garbage removal, cleaning, and toiletry supplies. Rent shall be payable in advance on or before the first day of each and every month of this Lease. If the Effective Date of the Lease shall fall on any day other than the first day of a month, Rent shall be prorated for the first and last months of the Lease Term based upon the number of days Lessee is in possession of the Premises. If Lessee fails to pay Rent by the fifth day of the month in which such payment is due, Lessee shall automatically be assessed and shall pay, as additional Rent, a late charge equivalent to ten percent (10 %) of the amount of such late payment. Lessor reserves the right to increase Rent by providing Lessee with written notice at least 90 clays in advance of the effective date of the increase. Payment to the Centennial Fire District will be billed on a quarterly basis four (4) times per year. 5. MAINI ENANCE: Lessor shall be responsible for maintenance and repair of all structural components, heating, ventilation, air conditioning, electrical, plumbing and mechanical systems of the Premises with exception of the provision stated below. Lessor shall be responsible for maintaining the surrounding property, including law care and snow removal, surrounding the Premises. The Lessee is responsible for repair costs up to two hundred dollars ($250) for repairs that are needed in their leased area. 6. INSURANCE: During the term of this Lease, Lessor shall obtain and maintain liability and property damage insurance for the entire property. Lessee shall, at its own cost, maintain personal property and contents insurance, as well as maintain public liability insurance in an amount sufficient to cover the liability limits of Minn. Stat. § 466.04, as amended. Lessor shall be named as an "additional insured" on any insurance maintained by Lessee that relates to the Premises or its use. All insurance required to be maintained by Lessee under this Lease shall be effected under valid and enforceable policies issued by a reputable insurance company or companies authorized to do business in the State of Minnesota. Not less than 10 days prior to the Lease term, Lessee shall deliver to Lessor certificates of all insurance required to be maintained hereunder. Lessee shall immediately notify Lessor of any changes in coverage or policy status for the policies required to be maintained under this Lease.