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10.03 Trailside Building Lease Agreement
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05-07-2019 City Council Meeting
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10.03 Trailside Building Lease Agreement
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5/2/2019 12:38:59 PM
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judgment and discretion.Tenant's final written proposal including a clear indication of <br /> Landlord's assent and signed by Landlord shall consntute written consent of Landlord. <br /> Unless otherwise agreed by both parties,approved improvements sha11 be at the sole <br /> expense of Tenant. <br /> 10.3. Tenant shall allow no mechanic's liens to be incuned or filed against the Premises or <br /> real property upon which it is located. Tenant shall promptly pay for all alterations and <br /> improvements,which it may make under this Lease that are approved by Landlord, and <br /> shall save and hold harmless Landlord from any and a111osses, including attorneys' <br /> fees, incurred by reason of inechanic's liens or other claims for skill, labor or material <br /> furnished or performed, or claimed to have been furnished or performed, on account of <br /> any such alteration or improvement made by Tenant hereunder. Tenant may contest <br /> any such mechanic's liens and prosecute all proceedings for the purpose of such contest <br /> pursuant to Minn. Stat. § 514.01, et seq. Tenant sha11 indemnify Landlord against any <br /> loss or liability by reason of such contest. <br /> 11. Reusirs and Maintenance. <br /> 11.1. Tenant,at its expense,sha11 keep the Premises in a sa.fe and tenanta.ble condition based on <br /> the purpose of this Lease. If Tenant does not do so,Landlord may(but need not)restore <br /> the Premises to a safe and tenantable condition, and Tenant shall pay the cost upon being <br /> billed by Landlord. This section sha11 not apply to damage or destruction othervvise <br /> provided for in this Lease. <br /> 11.2. Tenant sha11 be responsible for all major and minor maintenance,repa.irs,or replacement <br /> of any and all alterations or improvements to the Premises made under the Lease. <br /> Ixnprovements made under this Lease that are ca.pable of severance may be removed by <br /> Tenant at any time or within 30 days after termixiation of the Lease even though they may <br /> be fixtures,provided that Tenant lea.ves in good condition that part of the Premises from <br /> which such improvements aze removed. <br /> 11.3. Improvements not ca.pable of severance sha11 become the property of Landlord at <br /> termination of the Lease without compensation to the Tenant. <br /> 12. Landlord's Propert_v Insurance. Landlord shall obtain and at all times maintain in force, <br /> fire and extended coverage insurance(including coverage against loss or damage by fire, <br /> wind,lightning, extended perils,vandalism and malicious mischie fl on the leased premises <br /> and all structures,improvements, fixtures and equipment constituting the leased premises, <br /> other than building foundations and excavations, on a replacement cost basis to the extent of <br /> the full insurable value of the property to be so insured(without deduction for depreciation, <br /> architectural, engineering, legal or administrative fees),together with broad form boiler and <br /> machinery insurance on all equipment and objects customarily covered by such insurance <br /> and providing for full repair and replacement cost coverage. <br /> 13. Tenant's Insurance. Tenant sha11 maintain, at TenanYs expense,insurance on Tenant's <br /> property located in and upon the Prexnises, and shall assume the risk of loss to such property <br /> 5 <br />
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