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• POLICY Hl <br />11/12/03 <br />ITEM: Stipulation Settlement for Insty-Prints and JEMJAHS <br />SUBMITTED BY: Tom Scott, Campbell Knutson <br />REVIEWED BY: Heather Worthington, City Administrator <br />EXPLANATION: <br />Summary: Last month, the developer of the SE Corner project negotiated a relocation settlement <br />with Insty Prints regarding the termination of their lease in the Northome Shopping Center. <br />Sherman and Associates has settled Insty Prints claim, and the Council may now consider the <br />settlement for final approval. JEMJAHS will execute this agreement after the city finalizes it. <br />ATTACHMENTS: <br />• Stipulation of Settlement <br />ACTION REQUESTED: <br />• • Discussion <br />• Approval of stipulation settlement for Insty-Prints and JEMJAHS for payment of $25,000 <br />to Insty-Prints <br />• <br /> <br />