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Item No. <br /> Type of Business: CB <br /> WK: Work Session;PH: Public Hearing; <br /> CA: Consent Agenda; CB: Council Business <br /> City of Mounds View Staff Report <br /> To: Mayor and City Council <br /> From: Cari Schmidt <br /> Item Title/Subject: Resolution 5324 Authorizing the City to enter into a new lease <br /> agreement with Children's Home Society <br /> Date of Report: March 18, 1999 <br /> Attached is the final copy of the Children's Home Society agreement for your <br /> approval. The draft copy was approved by the Council in Resolution 5295. There have, <br /> however, been a few modifications to the original agreement. They are as follows: <br /> —► CHS pays their 1999 base rent of $30,000 in quarterly installments; In the years <br /> to follow, Children's Home will pay their base salary with an additional % based <br /> on the number of children attending Children's Home. <br /> —► CHS will account for the rent they would have paid each month (based on the <br /> number of children in the facility for each month of 1999) and either pay that <br /> amount after 1999 under terms to be agreed upon, or break the lease; and <br /> —► CHS will install their playground equipment and leave it with the facility if they <br /> break the lease in 1999; and <br /> —► CHS will pay the rent that was forgiven in 1999 if they default on the lease at any <br /> time within the five year period; and <br /> - CHS will provide accounting information that demonstrates the fiscal problems <br /> they are currently experiencing. <br /> Attached is the agreement which reflects the aforementioned provisions, and Resolution <br /> 5324 for your approval. <br /> Cari Schmidt <br /> Assistant to the City Administrator <br />