Agenda Packets - 2023/06/12 - Laserfiche WebLink

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RESOLUTION 9755 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA AUTHORIZE EXECUTION OF AGREEMENT WITH CREATIVE KIDS ACADEMY TO EXTEND TERM OF EXISTING LEASE FOR AN ADDITIONAL FIVE YEARS WHEREAS, the City of Mounds View, as landlord ("Landlord"), and Creative Kids Academy — Mounds View, Inc., a Minnesota corporation, as tenant ("Tenant") entered into a lease assignment agreement dated December 22, 2008 ("Assigned Lease") which modified the original lease agreement dated November 20, 2006; and WHEREAS, the expiration date of the Assigned Lease was July 31, 2011; and, WHEREAS, on May 9, 2011, the City Council approved Resolution 7778 authorizing a two-year extension of the Assigned Lease through July 31, 2013; and WHEREAS, on July 22, 2013 the City Council approved Resolution 8125 authorizing a five-year extension of the Assigned Lease through July 31, 2018; and WHEREAS, on January 22, 2018 the City Council approved Resolution 8896 authorizing a five-year extension of the Assigned Lease through July 31, 2023; and WHEREAS, both parties, Landlord and Tenant, desire to extend the existing lease for a five-year period such that the new expiration date would be July 31, 2028 by executing the document entitled Extension of Lease Agreement ("Agreement") which is attached hereto as Exhibit A; and WHEREAS, with the exception of the expiration date of the lease, rent, property taxes, and shared costs associated with the use of the dishwasher, all terms and provisions of the lease as assigned remain unchanged. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the Lease Agreement is deemed acceptable and the Mayor and City Administrator are authorized to execute the Lease Agreement and take all necessary and reasonable steps to effectuate the Agreement. Adopted this 12t" day of June, 2023. Gary Meehlhause, Acting Mayor ATTEST Brian Beeman, Acting City Administrator (SEAL)