Agenda Packets - 1999/03/22 - Laserfiche WebLink

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6.02. Subdivision 1. Municipal Code Section 106.05 and Chapter 405, and Minnesota Statutes Section 471.15. 17.5 GOVERNMENTAL PROGRAM OVERSIGHT. Oversight of the Governmental Program by the Landlord is provided by the requirement, hereby agreed to by the parties that the Tenant provide Landlord the right to inspect and audit Tenant's books and records for its portion of the governmental program to be operated at the Demised Premises, with each such review to show the program budget, revenues and expenses. 17.6 TERM OF THE USE AGREEMENT. As the Demised Premises consists of land and buildings, the term of this Lease as provided herein relating to the building and improvements, and including all renewals which are solely at the option the Tenant, is for a period of time which is less than 50% of the useful life of the Demised Premises. 17.7 TERMINATION OF THE USE AGREEMENT. This Lease allows for termination by the Landlord, pursuant to Section 13.2, in the event of default hereunder by the Tenant. The termination of this Lease is also allowed by the Landlord,pursuant to Section 16.13, in the event that the Governmental Program, the City's parks and recreation program, is terminated or changed. 17.8 COST OF OPERATION OF THE FACILITY("DEMISED PREMISES"). The Landlord possesses specific statutory authority pursuant to Minnesota Statutes Section 471.15, the City's Municipal Charter Section 6.02, Subdivision 1, and the City's Municipal Code Section 106.05 and Chapter 405, to expend monies to operate and maintain the Demised Premises. 17.9 RECEIPT OF MONIES/COMPLIANCE WITH TAX CODE. It si contemplated and understood by the parties to this Agreement, that the Landlord's operation of the Demised Premises is in compliance with the tax code. 17.10 SALE OF THE FACILITY (DEMISED PREMISES) (a) This Lease is free of any provisions which would require the Landlord to sell the Demised Premises for an amount less than the fair market value if it is to be sold to a non public entity. (b) This Lease is free of any provisions which would allow the Landlord to sell the facility (Demised Premises) without the Landlord first determining, by official action, that the Demised Premises is no longer usable or needed to carry out the Governmental Program. (c) This Lease is free of any provisions which would require the Landlord to sell the Demised Premises without first obtaining written consent of the Commissioner of Finance, pursuant to Minn. Statutes Section 16A. 695. Subdivision 3, and the Commissioner's Order. Page 18 3/22/99--CHS Lease agreement