HomeMy WebLinkAbout2013-046 Council Resolution•
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CITY OF LINO LAKES
RESOLUTION NO. 13 -46
RESOLUTION APPROVING LEASE TERMINATION AGREEMENT
WHEREAS, the City Council of the City of Lino Lakes determined to lease the portion of the
Lino Lakes Civic Complex formerly occupied by the Centennial Early Childhood Education
program (the "Facility "), and;
WHEREAS, The City Council approved a Lease Agreement with Veritas Academy on March
11,2013, and;
WHEREAS, Veritas Academy signed the approved Lease Agreement on March 12, 2013, and;
WHEREAS, Veritas requested a revised Lease Agreement with new terms and conditions; and
WHEREAS, The City Council approved a revised Lease Agreement with new terms and
conditions on April 8, 2013; and
WHEREAS, Veritas Academy did not meet the terms and conditions.
NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Lino Lakes
approves the Lease Termination Agreement.
NOW, THEREFORE, BE IT FURTHER RESOLVED by The City Council of The City of
Lino Lakes that City staff and consultants are authorized and directed to take all other actions
required to carry out the intent of this Resolution.
Adopted by the Council of the City of Lino Lakes this 22nd day of April, 2013.
The motion for the adoption of the foregoing resolution was introduced by Council Member
Rafferty and was duly seconded by Council Member stoesz and upon vote being
taken thereon, the following voted in favor thereof:
Rafferty, Stoesz, O'Donnell, Roeser, Reinert
The following voted against same:
none
ATTEST:
Jeff Reinert, ► a or
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CITY COUNCIL
AGENDA ITEM 1 -E
STAFF ORIGINATOR: Mary Alice Divine
MEETING DATE: April 22, 2013
TOPIC: Consideration of Resolution No. 13 -46 Approving a Lease
Termination Agreement with Veritas Academy
VOTE REQUIRED: 3/5
INTRODUCTION
The City of Lino Lakes is marketing for lease the former ECFE facility in the Lino Lakes Civic
Complex.
BACKGROUND
On March 11, 2013 the City Council approved a lease with Veritas Academy for lease of the
former ECFE in the Lino Lakes Civic Complex. The president of the Academy signed the lease
on March 12, 2013. The Academy's advisors then advised the president to cancel the lease due
to their concern that enough students would not be recruited by September of 2013 to cover the
rent. Staff worked with Veritas to revise the lease with conditions, and Council amended it on
April 8, 2013. Since that time Veritas did not meet conditions of the amended lease and staff
has concluded it should terminate the lease and continue marketing the facility.
RECOMMENDATION
Approve Resolution 13 -46 approving a Lease Termination Agreement
ATTACHMENTS
1. Resolution No. 13 -46