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4.8. SR 07-07-2014
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4.8. SR 07-07-2014
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4. RENT. <br /> a) Storage Space. Lessee agrees to pay Lessor a minimum rent for Storage Space of <br /> $6.00 per square foot per vehicle per month, for a maximum of three (3) vehicles with a vehicle <br /> length no greater than thirty-six (36) feet, for the Term of this Lease <br /> b) Office Space. Lessee agrees to pay Lessor a minimum rental rate of$184.50 per month for <br /> the Office Space. <br /> c) Administrative Fee. In addition,Lessee will pay a monthly administrative fee of <br /> $125.00 for cleaning services,invoicing, reports (fuel, mileage, maintenance, and repair records) and <br /> access cards. In the event Lessee requires IT services from the City,Lessee will be charged a rate of <br /> $65.00 per hour and included in Lessee's monthly invoices. <br /> d) Base Rent. Total rental for Storage Space, Office Space and Administrative Fees <br /> ("Base Rent") shall be $309.50 per month for the initial Term of this Lease, subject to Lessor's right <br /> to review periodically and adjust with 90 day written notice to Lessee. Lessee shall pay Base Rent by <br /> the 15"' of each month throughout the term of this Lease. Lessee and Lessor will meet on a <br /> monthly basis and as needed to review itemized monthly charges to be billed to and paid by Lessee <br /> the following month. Base Rent includes all utilities and public liability and property damage <br /> insurance covering the Facility, but it does pg .nclude any liab; *ty property damage insurance on <br /> Lessee property. <br /> 5. USE. The premises leased are to be use d"for vehic e storage and""ffice Space and shall be used <br /> by the Lessee to serve the best interests and welfare of public. Lessee is responsible to maintain the <br /> Storage Space and Office Space to acceptable standards and to properly dispose of trash in <br /> receptacles. Lessee will not interfere with City equipment,materials or operations. The Leased <br /> premises shall not be used for any unlawful purposes but in general may be used to carry on <br /> business in connection with the aforementioned purpose and incident thereto not forbidden by the <br /> laws of the State of Minnesota, or the ordinances of the city of Elk River. <br /> 6. BUILDING MAINTENANCE. Lessor agrees to maintain the structural soundness of the <br /> Facility and to maintain the roof, outer walls,parking areas and interior common areas. <br /> 7. CASUALTY DAMAGE. If the Facility, or any portion thereof,including the areas leased to <br /> Lessee, are,in Lessors sole discretion,rendered substantially unfit for occupancy and use,Lessor <br /> may,in Lessor's sole discretion,restore the Facility or terminate this Lease effective as of the date <br /> Lessor determines the Facility unfit for occupancy. In the event Lessor restores the Facility,Lessee <br /> Base Rent shall abate during the time that Lessee is unable to use the Facility. <br /> 8. INSURANCES. In addition to liability insurance, the Lessee needs to maintain workers' comp <br /> coverage on its employees, automobile liability insurance and property coverage on the busses and <br /> any of its property in the building. <br /> 1. Commercial General Liability Insurance. Lessee is required to maintain insurance <br /> protecting it from claims for damages for bodily injury and property damage,which may <br /> arise from operations under the Agreement. Insurance minimum limits are as follows: <br /> • $2,000,000—per occurrence <br /> 2 <br />
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