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RESOLUTION 8125 <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> AUTHORIZE EXECUTION OF AN AGREEMENT TO EXTEND TERM <br /> OF EXISITNG LEASE FOR AN ADDITIONAL FIVE YEARS <br /> WHEREAS, the City of Mounds View, as landlord ("Landlord"), and Creative Kids <br /> Academy-Mounds View, Inc., a Minnesota corporation, as tenant("Tenant")entered into <br /> a lease assignment agreement dated December 22, 2008 ("Assigned Lease") which <br /> modified the original lease agreement dated November 20, 2006; and <br /> WHEREAS, the expiration date of the Assigned Lease was July 31, 2011; and, <br /> WHEREAS, on May 9, 2011,the City Council approved Resolution 7778 authorizing <br /> a two-year extension of the Assigned Lease through July 31, 2013; and, <br /> WHEREAS, both parties, Landlord and Tenant, desire to extend the existing lease <br /> for a five-year period such that the new expiration date would be July 31, 2018 by <br /> executing the document entitled Extension of Lease Agreement ("Agreement") which is <br /> attached hereto as Exhibit A; and, <br /> WHEREAS, with the exception of the expiration date of the lease and shared costs <br /> associated with the use of the dishwasher, all terms and provisions of the Lease as <br /> assigned remain unchanged. <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of <br /> Mounds View, Ramsey County, Minnesota that the Agreement is deemed acceptable <br /> and the Mayor and City Administrator are authorized to execute the Agreement and to <br /> take all necessary and reasonable steps to effectuate the Agreement. <br /> Adopted this 22nd day of July, 2013. <br /> 6.r. ��/ <br /> e Flahe 71171716 <br /> ATTEST \-)GtAtt,,h <br /> A <br /> James Ericson, City Administrator <br /> (seal) <br />