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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 />Joe Flaherty, Mayor <br />ATTEST <br />James Ericson, City Administrator <br />(seal) <br />