1075 Lone Oak Rd - Legal DescriptionLEASE LEGAL DESCRIPTION
That part of Lot 3, Block 1, Bell Lexington Addition, Eagan, Dakota County,
Minnesota, described as follows:
Commencing as a point of reference at the Southeast corner of
said Lot 3;
thence North 216.33 feet along the East line of said lot 3;
thence Westerly 81.33 feet along a line parallel with the
Southerly line of said Lot 3, to the point of beginning;
thence continuing Westerly 30.0 feet along a line parallel with
the Southerly line of said Lot 3;
thence North 15.0 feet along a line parallel with the East line
of said Lot 3;
thence Easterly 30.0 feet along a line parallel with the
Southerly line of said Lot 3;
thence South 15.0 feet along a line parallel with the East line
of said Lot 3 to the point of beginning.
EXHIBIT A
PAGE 2
ACCESS EASEMENT I_EGAL DESCRIPTION
That part of Lot 3, Block 1, Bell Lexington Addition, Eagan, Dakota County,
Minnesota, described as follows:
Commencing as a point of reference at the Southeast corner of
said Lot 3;
thence North 216.33 feet along the East line of said Lot 3;
thence Westerly 81.33 feet along a line parallel with the
Southerly line of said Lot 3, to the point of beginning;
thence South 20.0 feet along a line parallel with the East line
of said Lot 3;
thence Westerly 10.0 feet along a line parallel with the
Southerly line of said Lot 3;
thence North 20.0 feet along a line parallel with the East line
of said Lot 3;
thence Easterly 10.0 feet along a line parallel with the
Southerly line of said Lot 3, to the point of beginning.
EXHIBIT A
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CABLE EASEMENT LEGAL DESCRIPTION
That part of Lot 3, Block 1, Bell lexington Addition, Eagan, Dakota County,
Hinnesota, described as follows:
Commencing as a ooint of reference at the Southeast corner of
said Lot 3;
thence North 221.33 feet along the East line of said Lot 3;
thence Westerly 111.33 feet along s line parallel with the
Southerly line of said Lot 3, to the point of beginning;
thence continuing Westerly 15.0 feet along a line parallel with
the Southerly line of said Lot 3 to a point 5.0 feet 'dest of the
West line of said Lot 3;
thence Yorth 5.0 feet along a line parallel with the 4Jest line of
said Lot 3;
thence Easterly 15.0 feet along a line parallel with the
Southerly line of said Lot 3;
thence South 5.0 feet along a line parallel with the East line of
said Lot 3 to the point of beginning.
EXHIBIT A
PAGE 4
INSERT
A11 terms conditions of the lease shall remain the same
except that the rental rate for the renewal term sha11 be equal
to the Fair Market Value for property of comparable size and
quality in Eagan, Minnesota prevailing at the commencement of
the renewal term.
The Eair market rental value shall be determined by mutual
agreement between Lessor and Lessee, and upon failure of the
parties to agree at least ninety (90) days prior to the com-
mencement of the renewal term, the fair market rental value
shall be determined by three (3) disinterested appraisers, each
oE whom must have knowledge of the rental market for comparable
properties in Eagan, Minnesota. Lessor and Lessee shall each
select, at leasl sixty (60) days prior to the commencement of
the renewal term, an appraiser and the two so selected sha11
select a third. If the two appraisers selected by Lessor and
Lessee shall be unable within £ive (5) days of their selection
to agree upon a third appraiser, the third appraiser, at least
fifty-five (55) days prior to the commencement of the renewal
term shall be selected by the then President of the Dakotd
County Sar Association (or, if he or she shall
reEuse or be unable to do so, by a comparable, public or semi-
public official in Eagan, Minnesota).
The appraisal to be made prior to commencement of the
renewal term shall establish the fair market rental value for
the Premises for the renewal term. In determining the fair
market rental value, each such appraiser shall take in consid-
eration the current availability of similar space in Eagan,
Minnesota qiving due consideration to location and all economic
considerations and other inducements then being offered to
prospective disinterested tenants not then leasing from Lessor.
Said appraisers shall be instructed to determine the fair mar-
ket rental value independently without consulting with each
other, and thereafter to submit the appraisals to both Lessor
and Lessee contemporanously in writing. The value shall be
determined by eliminating the highest and lowest appraisals and
the remaining appraisal shall apply.
Each party shall pay the cost oF their own appraisal prior
to the time such shall become delinquent. The cost of the
third appraiser and other costs incurred in connection with the
appraisal shall be borne equally by Lessor and Lessee. Upon
the determination o[ the fair market rental value, the parties
shall execute an appropriate document evidencing the fair mar-
ket rental value and the rental determination based thereon,
and thereafter Lessee shall have ten (10) days in which to make
a Einal election as to whether the term of this Lease shall or
shall not be so extended. Notwithstanding the foregoinq,
rental for the renewal term will not be less than the rental
for the last year of the original term.
EXHIBIT "B"
3 6 2"/ L/ 9 K C