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Item No. <br /> Type of Business: WK <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: Children's Home Society Lease Agreement <br /> Date of Report: December 3, 1998 <br /> A new lease agreement is being 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; and <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 /> A draft of this agreement will be ready for your discussion and review at the meeting on <br /> Monday. <br /> reAA,eal."?•Mh. <br /> Cari S idt <br /> Assistant to the City Administrator <br />