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