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2040 Wayzata Boulevard West - 34-118-23-21-0036 - (Orono HRA)
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2040 Wayzata Blvd Land Use - Dunbar
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Senior Housing Issues Easement - File Cabinet 1
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Frontage Road Issues
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Last modified
8/22/2023 4:55:42 PM
Creation date
10/12/2021 1:14:39 PM
Metadata
Fields
Template:
x Address Old
House Number
2040
Street Name
Wayzata
Street Type
Boulevard
Street Direction
West
Address
2040 Wayzata Boulevard West
Document Type
Land Use
PIN
3411823210036
Supplemental fields
ProcessedPID
Updated
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• <br /> "Improvements" means the 62-unit senior housing apartment building to be <br /> constructed by Tenant upon and within the Development Property pursuant to <br /> the Development Agreement, as it may at any time exist. <br /> "Landlord" means the Authority, its successors and assigns. <br /> "Lease" means this lease agreement for the Development Property entered into <br /> pursuant to the Development Agreement. <br /> "Mortgage" means any mortgage or deed of trust on Tenant's interest in this <br /> Lease, the Development Property and the Improvements permitted under <br /> Article 5 of this Lease. <br /> "Permitted Encumbrances" means the matters described in Exhibit C. <br /> "Rent" means any amounts due from Tenant to Landlord under the terms of <br /> this Lease. <br /> "Tenant" means Orono Senior Housing, LLC and its permitted successors and <br /> assigns. <br /> "Tenant's Equipment" means all movable equipment, furniture and other trade <br /> fixtures installed or placed in the Development by or for the account of Tenant <br /> or any occupant of the Development. <br /> "Term" means the period of time set out in Section 2.4 of this Lease. <br /> "Termination Date" means November 1, 2100. <br /> "Unrelated Third Party" means an individual or entity that is not (i) an <br /> individual ("Related Individual") who is an owner or officer of Tenant or a <br /> Related Company, (ii) any subsidiary or parent of Tenant (each of which is a <br /> "Related Company"), or (iii) a general partnership, limited partnership or <br /> limited liability partnership("Related Partnership") in which a Related <br /> Individual or Related Company is a partner, or(iv) a corporation or limited <br /> liability corporation in which a Related Individual, Related Company or <br /> Related Partnership is an owner, shareholder, officer, member or manager. <br /> Capitalized terms not otherwise defined herein shall have the meanings given to them <br /> in the Development Agreement. <br /> 1.2 Exhibits. The following exhibits are attached to and by this reference <br /> made a part of this Lease: <br /> -4- <br />
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