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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 5295 Authorizing the City to enter into a new lease <br /> agreement with Children's Home Society <br /> Date of Report: January 7, 1999 <br /> A new lease agreement has been drafted with Children's Home Society to reflect the <br /> following: <br /> —► CHS pays their 1999 base rent of $30,000 on January 1, 1999, with no monthly <br /> payment to follow for the rest of 1999; In the years to follow, Children's Home <br /> will pay their base salary with an additional % based on the number of children <br /> 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 early; and <br /> —+ CHS will provide accounting information that demonstrates the fiscal problems <br /> they are currently experiencing. <br /> Attached is a draft of this agreement which reflects the aforementioned provisions. <br /> Staff Recommendation: Approve Resolution 5295 authorizing the City to enter into a new <br /> lease agreement with Children's Home Society. <br /> Cari Schmidt <br /> Assistant to the City Administrator <br />