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Minnesota Department of Transportation <br />Office of Land Management <br />Transportation Building Mailstop 631 <br />395 John Ireland Boulevard <br /> St. Paul, Minnesota 55155-1899 <br /> 612 296-9744 <br /> <br />S.P.: 7102 902 LEASE NO. H-05868 <br />PARCEL: 33 (71D003) <br /> <br /> COMMERCIAL LEASE <br /> <br />THIS LEASE is made between the State of Minnesota, Department of Transportation ("Landlord"), and <br />Anderson Industries, Inc. ("Tenant"). <br /> <br />Mail Lease to: <br /> <br />Anderson Industries, Inc. <br />708 Main Street <br />Elk River, MN 55330 <br /> <br />IT IS AGREED: <br /> <br />1. In consideration of payment of the rent hereinafter specified to be paid by Tenant, and the covenants and <br />agreements herein contained, Landlord hereby leases to Tenant that certain property ("PREMISES") in the <br />County of Sherburne, State of Minnesota, described as follows: <br /> <br />Address of Premises: <br /> <br />Type of Property: <br /> <br />Legal Description: <br /> <br />Martin Plaza, T.H. 10, Elk River, MN <br /> <br />Vacant, Commercial <br /> <br />That part of S.P. 7102 Parcel33 as shown on attached EXHIBIT. <br /> <br />This Lease includes improvements, if any, and is in effect for the term of 24 months commencing on January <br />1, 1998 and ending on December 31, 1999, with the right of termination in both Landlord and Tenant as <br />hereinafter set forth. <br /> <br />2. RENT. ~' ~* to <br /> , ena,,, shall pay Landlord as rent for the Premises the sum of $600.00, in annual payments of <br />$300.00 in advance on the first day of each month during the term of this Lease. Rent payments are to be <br />mailed or delivered to Landlord's finance office as follows: <br /> <br />Department of Transportation <br />Office of Financial Management <br />Accounting Department <br />461 Rice Street <br />St. Paul, Minnesota 55103 <br /> <br />Make checks payable to: <br /> <br />Commissioner of Transportation <br /> <br /> <br />