CC PACKET 11121996 - Laserfiche WebLink

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"FROM BRIGGS & MORGAN (TUE) 10. 22' 96 15:50T. 15:53/NO. 3561732477 P 3 Termination of Lease Agreement This Termination of Lease Agreement ("Agreement") made this day of October, 1996, by and between Ste. Maxie Company, a Minnesota corporation, successor in interest to Apache Plaza, Ltd. , as landlord ("Landlord") and the city of St. Anthony, Minnesota, a Minnesota municipal corporation, as tenant ("Tenant") , relating to that certain Agreement of Lease dated Tune 2, 1989 by and between Apache Plaza, Ltd. and Tenant for the leasing of certain space located in Apache Plaza Shopping Center (as the same may have been amended, the "Lease") located, in part, upon Lot 7, Block 1, Silver Lake Center, Ramsey County, Minnesota. For good and valuable consideration, Landlord and Tenant agree as follows : 1 . The Lease is terminated effective as of the date hereof. 2 . Notwithstanding said termination, this Agreement shall not release or discharge any liabilities or obligations that Tenant may have to Landlord under and pursuant to the terms and provisions of the Lease, which obligations and liabilities have arisen or accrued prior to the date hereof; provided, however, that Tenant shall have no obligation or responsibility to Landlord for the ,payment of minimum guaranteed annual rent or rent based upon gross ' sales for the period. commencing on August 'l, 1996 through the date • 'hereof. 3 . Tenant shall immediately upon removal of its personal property and trade fixtures, if any, deliver to Landlord possession of the leased premises and all keys thereto. 4 . Tenant shall, within thirty (30) days of the date hereof, remove all personal property and trade fixtures, if any, from the leased premises and repair any damage caused by the removal of such personal property and trade fixtures, at Tenant' s sole cost and expense . Notwithstanding any provision of this Agreement to the contrary, Tenant shall continue to be liable for damages or injuries caused by it or its agents or employees in the removal of such personal property and trade fixtures, or arising from its activities conducted in or about the leased premises, in accordance with the provisions of Article 3 of the Lease. in witness whereof, the parties have caused this Termination of Lease to be signed and delivered as of the day and year first above written. Ste. Marie Company, a Minnesota corporation By: • Its: 334947.1