6.0. EDSR 02-10-1997 - Laserfiche WebLink

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OFFICE INDUSTRIAL SPACE LEASE • (Multi-Tenant Building) THIS LEASE, made as of the day of , 1997,by and between Larry Hickman, hereinafter called "Landlord" and City of Elk River Economic Development Authority, a Public Body Corporate and Politic, hereinafter called "Tenant." ARTICLE I. - BASIC TERMS 1.01 (A) Address of Landlord: 12888 - 187th Circle NW Elk River, MN 55330 or such other address as may from time to time be designated by Landlord in writing. (B) Address of Tenant: Elk River City Hall 13065 Orono Parkway Elk River, MN 55330 or such other address as may from time to time be designated by Tenant in writing. (C) Premises: Approximately 13,186 square feet of space in the Building as shown on Exhibit "A" attached hereto. (D) Building: The building in which the Premises is located, the common address of which is 16820 Highway 10, consisting of approximately 28,000 square feet, together with the land, and any parking areas, walkways, landscaped areas and other improvements appurtenant thereto. The legal description of the parcel of real estate on which the Building is situated is attached hereto as Exhibit "B". (E) Term: The period of time commencing April 1, 1997 and expiring March 31, 1999 unless sooner terminated as set forth herein or extended as proivded in Article III hereof. (F) Rent: All sums, moneys or payments required to be paid by Tenant to Landlord pursuant to this Lease. (G) Base Rent: $39,558 for the Term, payable as follows: (1) $19,779 per annum ($4,944.75 per quarter) for the period from April 1, 1997 through March 31, 1998; • (2) $19,779 per annum ($4,944.75 per quarter) for the period from April 1, 1998 through March 31, 1999;