4.7 SR 05-02-2022 - Laserfiche WebLink

Home Browse Search

LEASE TffiS LEASE ("Lease"), entered into this 2nd day of May 2022, by and between the CITY OF ELK RIVER, whose address is 13065 Orono Parkway, Elk River, Minnesota 55330 (hereinafter referred to as the "City") and Keith Weber, whose address is 24300 129�' Avenue North Rogers, MN 55374 (hereinafter referred to as the "Lessee"). WITNESSETH: 1. Lease Term. City hereby leases to the Lessee 120 tillable acres located within the property legally described in the attached Exhibit "A" and depicted on the map attached hereto as "Exhibit B" and made a part hereof ("Leased Premises"), from the 2nd day of May 2022 to the 30�' day of December 2023 ("Term"). To avoid hardship, the City will allow Lessee additional time up to 5 months, to harvest any existing crop outside of said Term. 2. Rent• Lessee, in consideration of the leasing of the Leased Premises, hereby covenants and agrees to pay to the City annual rental of $15.00/acre ("Rent") for each year during the term of this Lease. The Rent shall be payable by Lessee upon execution of this Lease in one (1) annual payment of $1,800.00 due and payable on or before December 1 of each year during the term of this Lease. 3. Care• Maintenance. Use Covenants. Lessee covenants that Lessee will: (i) farm and care for the Leased Premises in a good husband-like manner, and in accordance with good farming and soil conservation practices; (ii) not commit or permit waste on the Leased Premises; (iii) carefully protect all improvements of every kind that are now on the Leased Premises; (iv) promptly at the expiration of the term of the Lease yield up possession of the Leased Premises, without notice, unto the City in as good condition and repair as the Leased Premises now is or may be at any time during the continuance of this Lease, ordinary wear and tear excepted; and (v) keep the Leased Premises free from all weeds and destroy all weeds along the fences and around all improvements thereon. 4. Hunting/Recreational Rights• This Lease is for agricultural purposes only. No part of this Lease shall be construed to grant Lessee rights to hunt on the Leased Premises or allow others to hunt on the Leased Premises without the written permission of the City. 5. Use of Leased Premises. The City and Lessee shall, as applicable, abide by and conform to all statutes, ordinances, rules, and regulations of duly constituted public authorities relating to the use or occupancy of the Leased Premises. Lessee acknowledges that the City has the right to limit crops in specific areas to avoid affecting abutting parcels or right of way. 6. Possession/Termination. (a) By City. City reserves the right to demand possession of all or any portion of the Leased Premises at any time for any purpose and to terminate this Lease. Whenever the City takes possession of all or any portion of the Leased Premises or the Lease is terminated by the City for any reason (except in the event