2023.08.22 CC Packet - Laserfiche WebLink

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2 NE136-36-895631.v2 Landlord shuts down the Community Center each year for a period of four to 10 consecutive days for cleaning, repair, and renovation. Tenant will be given no less than 30 days’ notice of this event. During this period, Tenant’s employees may still operate within the Leased Space and Tenant’s invitees may have access to the Leased Space if accompanied at all times by Tenant’s staff. In some years (but no more often than every other year, except in the event of an emergency or casualty), the Community Center will be closed by Landlord for safety reasons for up to five days during which time Tenant’s employees and invitees may not have access to the Leased Space. Tenant will be given no less than 120 days’ notice of this event unless the closure occurs due to an emergency or casualty. ARTICLE II - RENT 2.1 RENT. During the term hereof Tenant agrees to pay to Landlord at 400 Tenth Street Northwest, New Brighton, Minnesota 55112 or at such place as Landlord may from time to time designate in writing, “minimum rent” for the Leased Space in the amount set forth below payable in advance prior to the first of each month commencing September 1, 2023. YEAR MONTHLY ANNUAL 1 $3,785.31 $45,423.72 2 $3,898.87 $46,786.44 3 $4,015.84 $48,190.08 4 $4,136.31 $49,635.72 5 $4,260.40 $51,124.80 No rent shall be payable under this Lease until the Leased Space is ready and available for use and has been accepted by Tenant. If the Lease Term as stated above commences on a day other than the first day of a calendar month or ends on a day other than the last day of a calendar month, the rent for such first or last fractional month shall be such proportion of the monthly rent as the number of days in such fractional month bears to the total number of days in the calendar month. 2.2 ADDITIONAL RENT. All other charges to be paid by Tenant pursuant to the provisions of Article V of this Lease shall be designated as “Additional Rent.” Subject to the provisions of Section 9.1 of this Lease, failure of Tenant to pay “Additional Rent” shall give Landlord the right to declare an event of default. Landlord will provide invoices for Additional Rent to Tenant at the conclusion of each calendar year quarter during the Term of this Lease. 2.3 RENT DELINQUENCIES. The provisions of Minnesota Statutes Section 471.425 shall govern interest accrual and disputes regarding payment. 2.4 TAXES, ASSESSMENTS, AND OTHER CHARGES. In addition to other charges identified in this Lease, Tenant shall pay all taxes, assessments, licenses, fees, or other charges that