08.01 - Chamber Building (Trailside) Lease

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DRAFT TRAILSIDE LEASE AGREEMENT This LEASE is made on ,2004,between City of Pequot lakes,4638 County Road 1'1, Pequot Lakes, Minnesota 56472,the Landlord,and Pequot Lakes Area Chamber of Commerce,P.O. Box 208,Pequot Lakes,Minnesota 56472,the Tenant. 1. The Landlord agrees to rent to the Tenant and the Tenant agrees to rent from the Landlord the following described property including the Pequot Lakes/Sibley Trail and Tourism Information Center located thereon: That part of the westerly 150.00 feet of the former Burlington Northern Railroad Company's 250 foot wide Station Ground property at Pequot Lakes,Minnesota located on the Brainerd to Bemidji Branch Line right-of-way(now Paul Bunyan State Trail) located within the Northeast Quarter of the Northeast Quarter of Section 15,Township 136 North,Range 29 West, Crow Wing County,Minnesota,which lies southerly of the westerly extension of the southerly right-of-way line of Main Street as laid out and dedicated in COLE'S PLAT OF PEQUOT, and which lies northerly of the westerly extension of the centerline of Butler Street as laid out and dedicated in COLE'S PLAT OF PEQUOT;containing 1.2 acres,more or less. Subject to the right-of-way for Minnesota Trunk Highway No. 371. 2. The term of this lease will be from September 1,2004,until August 31, 2014. If Tenant continues to occupy the premises with the consent of the Landlord,after the last day of the term a tenancy terminable by either party on not less than 120 days written notice shall be created, which shall be on the same terms and conditions as those herein specified. 3. The rent shall be payable monthly in the sum of$788.39. Rent shall be payable by the Tenant to the Landlord on the twentieth(20th)day of each month,beginning on September 20,2004. If any rental payment is not paid within five(5)days of its due date,Tenant agrees to pay an additional late charge of five percent(5 1/o)of the rental installment due. 4. Landlord represents and warrants that Tenant shall have the quiet enjoyment of the premises during the full term of this agreement and any extension or renewal thereof. 5. The Tenant agrees to use the property only for the purpose of operating a trailside inf rmation center with restrooms and parking facilities.o,f-,d LeGc u,Q P'La� -A7 6. Tenant shall be responsible for all heat,electricity, air conditioning,trash disposal and sewer and water necessary for the operation of its information center and related activities. Tenant shall also be responsible for all monthly charges for its telephone,cable and internet services. 7. Landlord shall provide snowplowing of the parking areas,and lawn mowing and shall be responsible for maintaining outside lighting including bulbs,except lighting for Tenant's signage, if any.