Agenda Packets - 1999/03/22 - Laserfiche WebLink

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16.12 LANDLORD'S LIABILITY. Notwithstanding anything to the contrary in this Lease, it is specifically understood and agreed such agreement being a primary consideration for the execution of this Lease by the landlord, that there shall be absolutely no personal liability on the part of the Landlord, its successors, assigns, legally appointed representative or any mortgagee in possession(for the purposes of this section collectively referred to as "Landlord") with respect to any of the terms, covenants and conditions of this Lease and that Tenant shall look solely to the equity of the Landlord in the Demised Premises for the satisfaction of each and every remedy of Tenant in the event of any breach by the Landlord of any of the terms, covenants and conditions of this Lease to be performed by Landlord, such exculpation of liability to be absolute and without any exception whatsoever. 16.13 CONTINUANCE OF LANDLORD PROGRAM. This Lease shall be subject to termination in the event Landlord discontinues operation of the Demised Premises or the Governmental Program as set forth in Article XVII. ARTICLE XVII - STATE BOND FINANCE PROPERTY ACKNOWLEDGMENT AND COMPLIANCE The Landlord and Tenant acknowledge that funding for a portion of the Demised Premises was obtained through a grant from the State of Minnesota's Department of Children, Families and Learning, and as such, the Demised Premises is considered state bond financed property. The following requirements contained within this Lease are included to satisfy the state bond finance property requirements of Minnesota Statutes Section 16A.695 for Use Agreements, to comply with the requirements contained in the G.O Compliance Statutes, and pursuant to the Commissioner's Order. 17.1 ENTITY STATUS. The Landlord is defined as a public entity organized as a charter City pursuant to Minnesota Statutes Chapter 410, and is thus a Minnesota municipal corporation. 17.2 DEMISED PREMISES OWNERSHIP. The Demised Premises is owned solely and completely by the Landlord, the City of Mounds View. 17.3 AGREEMENT AUTHORITY. The Landlord has entered into this Lease with the Tenant pursuant to Minnesota Statutes Section 471.15 and the City of Mounds View Municipal Charter and Municipal Code. 17.4 GOVERNMENTAL PROGRAM. This Lease is (I)being executed and entered into to carry out a Governmental Program, (ii) such Governmental Program is the City of Mounds View Parks and Recreation Program, including the operation of the Community Center and its accompanying facilities, as well as the parks within the City and general recreational programming within the City; and (iii) such Governmental Program constitutes the Mounds View Parks and Recreation Program and is authorized pursuant to Municipal Charter Section Page 17 3/22/99--CHS Lease agreement