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<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION 6372 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION APPROVING MERMAID REQUEST FOR REIMBURSEMENT OF <br />LEASEHOLD IMPROVEMENTS <br /> <br />WHEREAS, in January 2004, the Mermaid Entertainment & Event Center entered into a (JO-month sublease <br />with the Twin Cities l\orth Chamber of Commerce for space they leased from the City under an interim <br />agreement in the Mounds View Community Center. and <br /> <br />WHEREAS. the interim lease was not renewed with the Mermaid and the Mermaid is kaving the facility on <br />:'\ovember 1,2004 amI. <br /> <br />WHEREAS, in conjunction \vith the kase to the Chamber. the Mermaid made leasehold improvements to the <br />spacc (e.g., carpet, electrical. otficc panels, etc) in the amount ofSlO,3S7.22and that cost was incllllkd in the <br />rent over tilL' lik of the lease in the amount of$173.12 per month and, <br /> <br />WHEREAS, the .\'lermaid has made a request for reimbursement of these costs in the amount of $8.656, as <br />outlined in the attached letkr (.\1ermaid - September 23, 20(4) and. <br /> <br />WHEREAS, the City will receive the total lease payments from the Chamber for the remaining 50 months of <br />the lease in the amount of S 1,163 per month and the leasehold improvements haw added value to the building <br />space and will remain with the building and, <br /> <br />WHEREAS, during the interim term of the Mermaid, the City has experience damage to the <br />building, missing or damaged equipment and call-out charges in the amount of $417.30, that the <br />City will withhold from the reimbursement and, <br /> <br />WHEREAS, sufficient documentation has not been received to demonstrate payment of $1560 for <br />painting contracting, so that said amount should also be withheld pending receipt of such <br />documentation. <br /> <br />NOW, THEREFORE BE IT RESOLVED that the Mounds View City Council does hereby approve <br />the Mermaid request for reimbursement of leasehold improvements in the Mounds View Community <br />Center in the amount of $8,656, less a charge of $417.30 for building damage and/or damaged or <br />missing furniture or equipment and call-out charges, for a total reimbursement of $6,678. <br /> <br />Adopted this 8th day of Novemb,er, 2004. <br />/ <br /> <br />ATTEST: <br /> <br /> <br />--- <br /> <br />t <br /> <br />Kurt'Ulrich, City Administrator <br /> <br />(seal) <br />