09.01 - Farm Lease Agreement - Laserfiche WebLink

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2012 I'ARM L�AS� AGR�EMENT THIS AGR��M�NT made and entered into this 6ti' day of September, 2011 by and between the City of Pequot Lakes (the "Landlord/City") and Bill Tulenchik (tlte "Tenant") and shall replace and supersede the agreement entitled 2008 Farm Lease Agreement between the pai�ties. Witnessed, that said Landlord, in consideration of the rents and covenants hereinafter mentioned to be paid and performed by Tenant, does hereby demise, lease, and let unto Tenant, and Tenant does hereby hire and take from the Landlord the following described pi•emise situated in the County af Crow Wing, State of Minnesota, to wit: 1. Pronertv Description: The property is legally described as follows (the "Premises"): Legal Description attached hereto as Exhibit A. 2. Term of Lease: This lease is for a tertzi of four yeats con�nencing January 1, 2012 and terminating December 31, 2015. Rent: Tenant sliall pay to Landlord tlie sum of Five Thousand Dollars ($5,000.00) due on the lst of each year commencing January 1, 2012 and on each annivei•sary date thereafter, as rent for the above described Premises, foz• and d�n�ing the fi�ll term of this lease. 4. No Partnership Intended: It is particularly understood and agreed that this lease shall not be deemed to be, nor intended to give rise to, a partnership agreement bettiveen the pa►�ties. 5. Crops, Irrigation and Conditions of Lease: (a) Tenant agrees to plow and put in a pei7nanent cover crop on the Premises and the Tenant is responsible to maintain said crops, at Tenant's own cost, for the length of the lease. Howevez•, Tenant shall not plant or grow crops that require nitrogen fertilizer. The crop must be a legume ancl the soil will be sampled annually by the plant operator on behalf of the City. (b) Tenant is speciiically aware of, and �vill comply with Minnesota Pollution Control Agency (MPCA) Guidelines for the City's Spray Irrigation Site located on the Premises. The Landlord retains the right to spray/irrigate treated wastewater effluent fi•om the City's wastewater treatment plant, as needed, on the Premises. (c) Tenant agrees to cultivate the Premises in a careful and husband-like manner, and to protect all crops fi•om injury and waste, and ta cut no green h�ees and to commit no waste or damage on the Premises and to suffer none to be done; and to keep up