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CITY COUNCIL <br />AGENDA ITEM 1 -E <br /> <br /> <br />STAFF ORIG INATOR: Mary Alice Divine <br /> <br />MEETING DATE: April 22 , 2013 <br /> <br />TOPIC: Consideration of Resolution No. 13 -46 Approving a Lease <br />Termination Agreement with Veritas Academy <br /> <br />VOTE REQUIR ED: 3/5 <br /> <br /> <br />INTRODUCTION <br />The City of Lino Lakes is marketing for lease the former ECFE facility in the Lino Lakes Civic <br />Complex. <br /> <br />BACKGROUND <br /> <br />On March 11, 2013 the City Council approved a lease with Veritas Academy for lease of the <br />former ECFE in th e Lino Lakes Civic Complex. The president of the Academy signed the lease <br />on March 12, 2013. The Academy’s advisors then advised the president to cancel the lease due <br />to their concern that enough students would not be recruited by September of 2013 to cove r the <br />rent. Staff worked with Veritas to revise the lease with conditions, and Council amended it on <br />April 8, 2013. Since that time Veritas did not meet conditions of the amended lease and staff <br />has concluded it should terminate the lease and continue mark eting the facility. <br /> <br />RECOMMENDATION <br /> <br />Approve Resolution 13 -46 approving the Lease Termination Agreement <br /> <br />ATTACHMENTS <br /> <br />1. Resolution No. 13 -46 <br />2. Lease Termination Agreement