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TRAILSIDE BUILDING <br /> LEASE AGREEMENT <br /> THIS LEASE AGREEMENT (the "Lease" or"Agreement") is made this day of <br /> , 2014 by and between the City of Pequot Lakes, a Minnesota municipal <br /> corporation, (the "Landlord"), and the Brainerd Lakes Area Chambers of Commerce, a <br /> Minnesota non-profit corporation, (the "Tenant"); (collectively the "Parties"). <br /> WHEREAS, the Landlord owns and operates the Trailside Building located at 30951 <br /> Government Drive, Pequot Lakes, Minnesota 56472 (the "Building"); and <br /> WHEREAS, the Tenant desires to lease the Building for the purpose of office space for <br /> Chamber operations and related visitor services; and <br /> WHEREAS, the Landlord is willing to lease the Building to Tenant upon the terms and <br /> conditions contained herein. <br /> NOW,THEREFORE, In consideration of the terms and conditions of this Lease, Landlord <br /> and Tenant agree as follows: <br /> 1. Definitions. As used in this Lease,the following terms shall have the specific meanings set <br /> forth below: <br /> `' 1.1. "Landlord"means the City of Pequot Lakes, having as its address for notice purposes, <br /> 4638 County Road 11, Pequot Lakes, Minnesota 56472; Attention: City Clerk/Treasurer. <br /> 1.2. "Tenant" means the Brainerd Lakes Area Chambers of Commerce, having as its address <br /> for notice purposes, P.O. Box 208, Pequot Lakes, Minnesota 56472. <br /> 1.3. "Commencement Date"means June 3, 2014. <br /> 1.4. "Expiration Date"means May 31, 2019 or such mutually agreed up renewal date as <br /> provided in this Agreement. <br /> 1.5. "Premises"means the Trailside Building located at 30951 Government Drive, Pequot <br /> Lakes, Minnesota 56472. <br /> 2. Demising Clause. <br /> 2.1. Landlord leases to Tenant and Tenant leases from Landlord the Premises on the terms <br /> and conditions contained in this Lease. <br /> 2.2. Tenant shall have the exclusive right to use the Premises for the purposes provided <br /> herein. <br /> 1 <br />