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LEASE
<br /> THIS LEASE is entered into as of the day of S �m.ber ,
<br /> 19—IL, by and between the CITY OF ST. ANTHONY, a municipal corporation under the laws
<br /> of the State of Minnesota, (hereinafter called "Landlord") and ST. ANTHONY/NEW
<br /> BRIGHTON SCHOOL DISTRICT #282 (hereinafter called "Tenant"),
<br /> Landlord, in consideration of the rents and covenants herein, does hereby Demise, Lease and Let
<br /> unto the Tenant, and the Tenant does hereby hire and take from the Landlord the following
<br /> described premises located in the City Hall/Community Center in the City of St. Anthony, 3301
<br /> Silver Lake Road, County of Hennepin and the State of Minnesota (the "leased premises"):
<br /> As described in the attached floor plan developed by Williams/O'Brien Associates, Inc., Offices
<br /> 22, 23, 24, 25, and 26; Waiting Room 21, Copy Room 20, Conference Room 19, Closet 23B,
<br /> Preschool Room 17, ECFE Room 15, Kindergarten Room 13, Dayrooms 106 and 104, Break
<br /> Room 8, Community Services Storage 4, Storage 9, and Activity Room 6.
<br /> TO HAVE AND TO HOLD THE LEASED PREMISES, without any liability or obligation on
<br /> the part of Landlord for making any alterations, improvements or repairs of any kind in, on or
<br /> about the leased premises except as provided herein, for the term of six (6) months commencing
<br /> January 1, 1997, unless terminated at an earlier date as hereinafter provided.
<br /> • ARTICLE 1. RENT.
<br /> Tenant will pay to Landlord at 3301 Silver Lake Road, St. Anthony, Minnesota, 55418,
<br /> or at such other address as may be designated by Landlord, without prior demand and
<br /> without any deduction or set-off, monthly rent of$8,333.34, commencing January 1, 1997
<br /> through June 30, 1997. If this Lease is not terminated, the total annual rent shall be
<br /> $100,000 for each twelve (12) month period ($90,000 of the total cost is for space for
<br /> Community Services and $10,000 is for the gym space). Attached to this Lease is the
<br /> expectant payment schedule from the School District over the next 20 years (1997-2016).
<br /> If the Legislature or Department of Children, Families & Learning removes the right of
<br /> Tenant to levy for rental costs, Tenant will no longer be bound to the payments as
<br /> scheduled. If Tenant no longer makes payments to the City, Tenant shall immediately
<br /> vacate all of the leased premises.
<br /> ARTICLE 2. TERM.
<br /> The term of this Lease shall be from January 1, 1997 through June 30, 1997, but the term
<br /> will be automatically extended for successive periods of twelve (12) months each, unless
<br /> the Lease is terminated at an earlier date as provided in Article 19.
<br /> •
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