05/10/2010 Council Packet - Laserfiche WebLink

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LEASE AGREEMENT THIS LEASE AGREEMENT ("Lease"), is made and entered into this 1St day of May, 2010, by and between the City of Lino Lakes ("Lessor ") and North Memorial Health Care ( "Lessee ") (collectively "Parties "). RECITALS WHEREAS, Lessor is the owner of real property on which Station 2 of the Centennial Fire District is located ( "Fire Station "); and WHEREAS, Lessee desires to lease a portion of the Fire Station to store and operate its ambulance; and WHEREAS, Lessor is willing to lease to Lessee upon such tei ins 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 telluis, provisions, and conditions hereinafter set forth, Lessor does hereby lease and demise unto Lessee, the following premises: 2. 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 956 sq. feet of interior space (7% of the entire building) to store and operate Lessee's ambulance, as illustrated in the attached Exhibit A, 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 the rules, regulations and policies of the Centennial Fire District, which may change from time to time. TERM OF LEASE: The team of this Lease shall commence as of the date of execution and shall continue for a teiiii of three (3) years. 3. EARLY TERMINATION OF LEASE: The Lease may be terminated without cause prior to the end of the term by either Party by providing 180 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.