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<br /> <br /> <br /> <br />RESOLUTION 7778 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />AUTHORIZE EXECUTION OF AN AGREEMENT TO EXTEND TERM <br />OF EXISITNG LEASE FOR AN ADDITIONAL TWO YEARS <br /> <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 /> <br />WHEREAS, the expiration date of the Assigned Lease is July 31, 2011; and, <br /> <br />WHEREAS, both parties, Landlord and Tenant, desire to extend the existing lease <br />for an additional two-year period such that the new expiration date would be July 31, 2013 <br />by executing the document entitled Extension of Lease Agreement (“Agreement”) which is <br />attached hereto as Exhibit A. <br /> <br />WHEREAS, with the exception of the expiration date of the lease, all terms and <br />provisions of the Lease as assigned remain unchanged. <br /> <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 /> <br />Adopted this 9th day of May, 2011. <br /> <br /> <br /> ____________________________________ <br /> Joe Flaherty, Mayor <br /> <br />ATTEST <br /> ____________________________________ <br /> James Ericson, City Administrator <br /> <br /> <br />(seal)