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would also mean the thrift store may not be able to locate here given their need for 7,000 square <br />feet of space could exceed what is available. (NeatoScan's lease was for 3,826 square feet.) <br />> Modify our Loan Agreement to allow NeatoScan to move after resolution of current legal <br />matters with July 1, 2013 as the latest date by which this could occur. This would involve a <br />reduction of leased space from 3,826 square feet to 2,482 or 1,344 square feet. <br />> Modify the Loan Agreement to not require the relocation of NeatoScan to this property. <br />Other than the letter from Mr. Wagner, we do not have any evidence that documents NeatoScan's <br />inability to comply with the terms of the executed lease. Before modifying our agreement, we should <br />have better documentation in this regard. Staff does not believe the third option is in the City's hest <br />interests. The City Attorney should also comment on this matter at Wednesday's meeting. <br />cc: Robert Wagner <br />2 <br />