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• <br />• <br />CITY COUNCIL <br />AGENDA ITEM 1 -E <br />STAFF ORIGINATOR: Mary Alice Divine <br />MEETING DATE: April 22, 2013 <br />TOPIC: Consideration of Resolution No. 13 -46 Approving a Lease <br />Termination Agreement with Veritas Academy <br />VOTE REQUIRED: 3/5 <br />INTRODUCTION <br />The City of Lino Lakes is marketing for lease the former ECFE facility in the Lino Lakes Civic <br />Complex. <br />BACKGROUND <br />On March 11, 2013 the City Council approved a lease with Veritas Academy for lease of the <br />former ECFE in the 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 cover 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 marketing the facility. <br />RECOMMENDATION <br />Approve Resolution 13 -46 approving a Lease Termination Agreement <br />ATTACHMENTS <br />1. Resolution No. 13 -46 <br />