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RESOLUTION NO. 7144 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />APPROVING A REVISED LEASE AGREEMENT <br /> WITH THE TWIN CITIES NORTH CHAMBER OF COMMERCE <br /> <br /> <br /> WHEREAS, a lease agreement with the Twin Cities North Chamber originally <br />was negotiated in 2004, with a term running from January 1, 2004 to January 1, 2009 as <br />a tri-party lease between the City, the Chamber, and the Mermaid, and was <br />subsequently assigned to the City, and <br /> <br /> WHEREAS, the Chamber ceased its charitable gambling operations and cut <br />related staff as of July 31, 2007, and has asked that the City consider revising the current <br />lease rent to eliminate cost of the Gambling Manager’ office, and <br /> <br /> WHEREAS, the City currently has annual per cent increase with the other major <br />building tenant, Creative Kids Day Care, and <br /> <br /> WHEREAS, the Chamber has agreed to a 12-month extension of the existing <br />lease covering the period Jan. 1, 2009-Dec. 31, 2009. The Chamber has also agreed to <br />share the $75/month cost of the Community Center broadband connection. <br /> <br />NOW, THEREFORE, BE IT RESOLVED the Lease Agreement between the City <br />and the Twin Cities North Chamber of Commerce shall be amended to provide that the <br />Chamber pay $860 base rent plus $37.50 for broadband from 9/1/07 to 12/31/07, then a <br />3% increase of the base rent on 1/1/08, and an extension of one additional year with a <br />3% increase on 1/1/09, plus 50% cost sharing of the broadband service expense for <br />those years. <br /> <br /> <br /> Adopted this 27th day of 2007. <br /> <br /> <br /> ______________________________ <br /> Rob Marty, Mayor <br /> <br />ATTEST: <br /> _______________________________ <br /> Kurt Ulrich <br />City Clerk/Administrator <br /> <br /> <br /> (SEAL)