Laserfiche WebLink
DRAFT <br /> <br /> <br />16 <br />416585v3 SJR MU210-35 <br /> <br /> (h) COST OF OPERATION OF THE FACILITY (“PREMISES”). The Landlord <br />possesses specific statutory authority pursuant to Minnesota Statutes Section 471.15, the City’s <br />Municipal Charter Section 6.02, Subdivision 1, and the City’s Municipal Code Section 106.05 <br />and Chapter 405, to expend monies to operate and maintain the Premises. <br /> <br /> (i) RECEIPT OF MONIES/COMPLIANCE WITH TAX CODE. It is contemplated <br />and understood by the parties to this Lease, that the Landlord’s operation of the Premises is in <br />compliance with the tax code. <br /> <br /> (j) SALE OF THE FACILITY (PREMISES). <br /> <br />(i) This Lease is free of any provisions which would require the Landlord to <br />sell the Premises for an amount less than the fair market value if it is to be <br />sold to a non-public entity. <br /> <br />(ii) This Lease is free of any provisions which would allow the Landlord to <br />sell the facility (Premises) without the Landlord first determining, by <br />official action, that the Premises is no longer usable or needed to carry out <br />the Governmental Program. <br /> <br />(iii) This Lease is free of any provisions which would require the Landlord to <br />sell the Premises without first obtaining the written consent of the <br />Commissioner of Finance, pursuant to Minn. Statutes Section 16A. 695, <br />Subdivision 3, and the Commissioner’s Order. <br /> <br />(iv) This Lease is free of any provisions which would cause the matter of <br />distribution of the proceeds of the sale of the Premises, which is not <br />provided for nor contemplated in this Lease, to violate the provisions <br />contained in the G.O. Compliance Bill and the Commissioner’s Order <br />(Minn. Statutes Section 16A.693, Subdivision 3 and the Commissioner’s <br />Order). <br /> <br />(v) This Lease contains no provisions concerning the sale of the Premises or <br />the termination of the Governmental Program. <br /> <br />[The remainder of this page intentionally blank]