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Resolution 8700
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Resolution 8700
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6/25/2019 10:08:25 AM
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6/15/2017 10:35:39 AM
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MV City Council
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(c) Time is of the essence. <br /> (d) If any provision of this Lease is invalid or unenforceable to any extent,then <br /> such provision and the remainder of this Lease shall continue in effect and be enforceable to the <br /> fullest extent permitted by law. <br /> (e) This Lease contains the entire agreement of the parties hereto with respect to <br /> the Premises and Building. This Lease may be modified only by a writing executed and delivered by <br /> both parties. <br /> (f) Nothing contained in this Lease shall be deemed or construed to create a <br /> partnership or joint venture of or between Landlord and Tenant, or to create any other relationship <br /> between the parties other than that of landlord and tenant. <br /> (g) This Lease shall be binding upon and inure to the benefit of the parties hereto <br /> and,subject to the restrictions and limitations herein contained,their respective heirs,successors and <br /> assigns. <br /> (h) This is governed by and shall be construed according to the laws of the State <br /> of Minnesota. <br /> 26. TAX COMPLIANCE AND STATUS OF PREMISES: <br /> It is the intention of the parties hereto that nothing contained in this Lease or through the <br /> performance of this Lease shall any change occur in the tax status of the Premises that existed prior <br /> to the entering into of this Lease and that in lieu of each clause,term or provision of this Lease that is <br /> illegal,invalid,unenforceable,or not in compliance with property tax requirements,there be added <br /> as part of this Lease a clause, term, provision, or requirement similar to such illegal, invalid or <br /> unenforceable clause,term,provision,or property tax requirement as may be possible and would be <br /> legal,valid,and enforceable,to retain the property tax status of the Premises that existed prior to the <br /> entering into of this Lease. In the event that the property tax status for the Premises is changed by <br /> any taxing jurisdiction and cannot be returned to the tax status that existed prior to the entering into <br /> of this Lease by modification of the terms of this Lease,the Tenant shall be responsible for any tax <br /> payments or payments in lieu of taxes should the Premises,or a portion thereof,be deemed taxable <br /> property for any reason by any taxing jurisdiction as a result of this Lease or the use being made <br /> thereof of the Premises, and the Tenant shall immediately remit any required payments to the <br /> appropriate taxing jurisdiction. <br /> 27. [INTENTIONALLY BLANK] <br /> 28. ADDITIONAL HAZARDS: <br /> Tenant covenants and agrees that it will not do or permit anything to be done in or upon the <br /> Premises or bring in anything or keep anything therein which shall cause the cancellation of <br /> Landlord's insurance policies,or increase the rate of insurance,on the Building,above the standard <br /> rate on said premises and buildings as rental property for similar uses. Tenant further agrees that in <br /> the event it shall do anything to so increase the insurance rate,Tenant shall promptly pay to Landlord <br /> 12 <br /> 416585v5 SJR MU210-35 <br />
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