#03 - Farm Land Lease - Laserfiche WebLink

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LA515\1\1013142.v2 1 FARM LEASE THIS FARM LEASE (this “Lease”) is made effective this _____ day of _______, 2025, by and between the City of Lake Elmo, a Minnesota municipal corporation (the “City”) and David See, d/b/a David See Farms (the “Tenant”). 1. Property Description. The City hereby rents to the Tenant in consideration of the rents and promises hereinafter described a portion of property (the “Property”) consisting of approximately 129 acres. The Property is legally described on Exhibit A attached hereto. The portions of the Property that are being leased to the Tenant are shown on the Exhibit B attached hereto (the “Leased Premises”). 2. Term. The term of this Lease is for one growing season commencing on __________________, 2025 and terminating on December 31, 2025, unless otherwise terminated pursuant to the terms herein. 3. Base Rent. Tenant shall pay the City annual rent of $213.50/acre (“Rent”) in two installments, one installment of $13,770.75 on April 15, 2025 and the second installment being due on November 15, 2025. 4. Property Taxes. The City shall be responsible for paying the annual real estate taxes attributable to the Property. 5. Quiet Enjoyment. The City warrants that it has full right to execute and to perform this Lease and to grant the estate demised, and that the Tenant, upon the Tenant’s performance of all the terms, conditions, covenants, and agreements on the Tenant’s part to be observed and performed under this Lease, may peaceably and quietly enjoy the Leased Premises subject to the terms and conditions of this Lease. 6. Access to the Leased Premises. The Tenant agrees to permit the City and any authorized representatives of the City to enter the Leased Premises at all times during normal business hours (upon 24 hours’ notice to the Tenant) for the purpose of inspecting the same and conducting such investigations, tests, measurements, and assessments as may be desired by the City. In the event of an emergency constituting a danger to life, health, safety, or property, the City may enter the Leased Premises at any given time without the consent of or notice to the Tenant. 7. Tenant Obligations. The Tenant shall be responsible for paying or doing the following: A. The Tenant shall use the Leased Premises for agricultural purposes only, which includes farming and cultivation. During farming operations, the Tenant must fertilize and lime the soil on the Leased Premises in order to keep the proper elements in the soil and at a proper pH for crop production. The Tenant shall not use any herbicides that will have any residual carry over effect on the Leased Premises or any other properties or bodies of water that are in the vicinity of the Leased Premises. The Tenant shall not keep any farm animals, livestock, or poultry