Approve Lease Agreement: Power Lodge

PURPOSE:
Approve the attached lease agreement with Power Lodge for use of city owned storage space located at 6745 Highway 10 and 6811 Highway 10.

BACKGROUND:
Power Lodge's primary location in Ramsey is 6781 Hwy 10. Power Lodge, formerly known as Pro Power Sports, has been leasing storage space from the city for several years.  Their existing lease has expired, and is now month-to-month. Power Lodge would like to extend their lease with the city by three years; and expand the size/ footprint of their lease premises.

Power Lodge: https://www.powerlodge.com/

The attached lease agreement is generally consistent with the city's other lease agreements and policy for leasing city owned property. The attached lease agreement was drafted by the City Attorney and reviewed by the City's property management company--Permier Commercial Realty. Specific notes below:

• Terms/ conditions and language has been updated to be consistent with recent lease agreements.
• Includes rent payments that are market rate.
• Maintenance responsibilities are clearly outlined.
• No political signage allowed.
• Early termination clause included.
• Per the City's agreement with Premier Commercial Realty, a commission payment will be made to Premier for this lease agreement.
• This lease agreement is being brought forward in conjunction with another lease agreement, for RM Golf Carts. Power Lodge and RM Golf Carts worked together, as a group, with Premier Commercial Realty, to come up with this solution. This Council agenda also contains a lease agreement for RM Golf Carts.

Approve the attached Lease Agreement.

Motion to:
Approve the attached lease agreement with Power Lodge for use of city owned property for the purpose of outdoor storage and indoor cold storage; subject to final review and amendments by the City Attorney.