09.01 - Farm Lease Agreement - Laserfiche WebLink

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1996 FARM LEASE AGREEMENT THIS AGREEMENT, made and entered into this 6th day of November , 1996 by the and between the City of Pequot Lakes , hereinafter referred to as the "City" and Bill Tulenchik hereinafter referred to as "Tulenchik" . Witnesseth, that said City, in consideration of the rents and covenants hereinafter mentioned to be paid and performed by Tulenchik, does hereby demise , lease, and let unto Tulenchik, and Tulenchik does hereby hire and take from the City the following described premise situated in the County of Crow Wing, State of Minnesota, to wit : 1 . Description of Irrigated Property. The Property is legally described as follows : All that part of the Northwest quarter of the North 200 feet of the Southwest quarter of Section 23 , Township 136 North, Range 29 West , Crow Wing County, MN lying East of the East right of way line of the Minnesota Department of Natural Resources Paul Bunyan Trail . AND ALSO All that part of the West 100 feet of the Northwest quarter of the Northeast quarter of Section 23 , Township 136 North, Range 29 West , Crow Wing County, MN. That said 105 acres may change from time to time over the course of this agreement as the City and Tulenchik may agree . 2. Description of Non-Irrigated Property. The above described includes 42 acres not being irrigated. 3 . Term of Lease. This lease is for a term of seven years beginning January 1 , 1997 and ending December 31 , 2003 . Tulenchik shall be given the first right of refusal on the renewal of this contract at the end of the lease period on December 31 , 2003 . 4. Rent . Tulenchik shall pay to the City the sum of Three Thousand Dollars ($3 , 000 ) beginning March 1 , 1997 and annual payments of Three Thousand Dollars ($3 , 000) due on March 1st each year thereafter continuing until March 1 , 2003 , for rent . 5. Crops and Condition of Lease. Tulenchik agrees to plant crops on the above described property. However, Tulenchik shall not plant or grow crops which need Nitrogen fertilizer . The soil shall be sampled annually and tested for nitrogen, phosphorus , and pot ash. Tulenchik is aware of , and will comply with Minnesota Pollution Control Agency (MPCA) Guidelines for spray irrigation sites , and the City retains the right to spray in the fall when needed from their sewage effluent plant . 6. Insurance. The City shall obtain and hold in effect an insurance policy covering damages and theft to the Center Pivot Irrigation System. Tulenchik shall obtain and hold in