Agenda Packets - 2018/01/22 - Laserfiche WebLink

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AM Item No: 6.E. 018 M0U__I**M17SVirW Meeting Date: January 22, sent Type of Business: Council Consent City Administrator Review: City of Mounds View Staff Report To: Honorable Mayor and City Council From: Mark Beer, Finance Director Item Title/Subject: Resolution 8896 Approving a Lease Extension with Creative Kids Academy Operating at the Mounds View Community Center Introduction: Creative Kids Academy leases space at the Mounds View Community Center. In 2013, their lease was extended five years through July 31, 2018. The owner of the facility has agreed to a five-year extension under terms that include rent of $132,000 per year or $11,000 per month and payment of any property taxes associated with the child care space. If approved, the new lease would go into effect on August 1, 2018 and run through July 31, 2023. Discussion: The City Council requested proposals from Creative Kids Academy and the YMCA of the Greater Twin Cities for the lease and operation of the child care space. Both proposals were presented to the City Council at a work session and it was it was the City Council's consensus that Creative Kids Academy provided the proposal that was the greatest benefit for the City. The attached extension agreement was originally drafted by Kennedy & Graven. The only changes are to the dates, rent and property tax consideration as well as the inclusion of the tenant's requirement to cover 50% of the costs of the dishwasher. Recommendation: Staff recommends approval of the attached Resolution 8896, a resolution authorizing an extension of the lease between the City and Creative Kids Academy, a business providing childcare services at the Mounds View Community Center. Respectfully submitted, n Mark Beer Finance Director