03/23/95 Agenda & Packet - Laserfiche WebLink

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MAR 16 '95 11 43 HOLMES & GRAVEN P.3 • GROUND LEASE AGREEMENT THIS GROUND LEASE AGREEMENT, made this day of by and between the City of Mounds View ("City") and the Mounds View Athl. ' Association ("Association"). RECITALS 1. The City owns certain property on which the Association desires to construct a building for storage of baseball equipment, uniforms, and relafc. . supplies and material, 2. The Association is a nonprofit corporation and is organized for the sole purpose to offer youth baseball programs for residents of the City. 3. It is in the best interests of the residents of the City to allow the Association to construct a building on park property so that it can continue to provide a quality baseball program for the residents. NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth in this agreement, the City and the Association agree as follows: Section 1. Demise of Premises. Subject to the terms, conditions, covenants, and undertakings set forth in this agreement, the City leases the property described • in Exhibit A to the Association. Section 2. Term of the Lease. The term of this lease commences as of the date set forth above and shall end on . Section 3. Rent. The rent for the entire period of this lease shall be $1.00, payable upon execution of the lease. Section 4. Use of the Property. The Association will use the property solely to construct, operate, use, maintain and repair a building to house baseball equipment, baseball supplies, and related materials. No other use of the property is permitted. The building to be constructed on the property shall not be used for any commercial, business, or other revenue-generating purpose. Section 5. Condition of the Property. It is understood that the property being leased to the Association from the City is "as is". The City makes no representation or warranties that the property is suitable for the uses which the Association intends to put it. The Association waives all statutory, common law or any other implied warranty of habitability or use and agrees that the City shall not be liable to repair, replace, or pay for any damage to the property or any improvements located on the property, whether such damage has occurred prior to or during the term of this lease. Section 6. Maintenance of the Building. The Association will be responsible . for all ongoing maintenance, repair, and reconstruction of the building to be constructed on the property. Section 7. Building Design. Prior to obtaining a building permit for the construction of the building, the Association will submit the building plan to the City JJT85574 MU125-13 1