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RESOLUTION 8896 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA AUTHORIZE EXECUTION OF AN AGREEMENT TO EXTEND TERM OF EXISITNG LEASE FOR AN ADDITIONAL FIVE YEARS WHEREAS, the City of Mounds View, as landlord ("Landlord"), and Creative Kids Academy — Mounds View, Inc., a Minnesota corporation, as tenant ("Tenant') entered into a lease assignment agreement dated December 22, 2008 ("Assigned Lease") which modified the original lease agreement dated November 20, 2006; and WHEREAS, the expiration date of the Assigned Lease was July 31, 2011; and, WHEREAS, on May 9, 2011, the City Council approved Resolution 7778 authorizing a two-year extension of the Assigned Lease through July 31, 2013; and WHEREAS, on July 22, 2013 the City Council approved Resolution 8125 authorizing a five-year extension of the Assigned Lease through July 31, 2018; and WHEREAS, both parties, Landlord and Tenant, desire to extend the existing lease for a five-year period such that the new expiration date would be July 31, 2023 by executing the document entitled Extension of Lease Agreement ("Agreement') which is attached hereto as Exhibit A; and, WHEREAS, with the exception of the expiration date of the lease, rent, property taxes, and shared costs associated with the use of the dishwasher, all terms and provisions of the Lease as assigned remain unchanged. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View, Ramsey County, Minnesota that the Agreement is deemed acceptable and the Mayor and City Administrator are authorized to execute the Agreement and to take all necessary and reasonable steps to effectuate the Agreement. Adopted this 22nd day of January, 2018 L li/L�-l� ,lZM AI Carol A. Mueller, Mayor ATTEST J, Nyle ikmu id, City Administrator (seal)