HomeMy WebLinkAboutResolution 7354RESOLUTION NO. 7354
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
APPROVING AMENDMENT NO. 1 TO THE LEASE AGREEMENT
WITH THE TWIN CITIES NORTH CHAMBER OF COMMERCE
WHEREAS, a lease agreement with the Twin Cities North Chamber of Commerce
(the "Chamber") was originally negotiated in 2004, with a term running from January 1, 2004
to January 1, 2009 as a tri-party lease between the City, the Chamber, and the Mermaid,
and was subsequently assigned to the City, and
WHEREAS, the lease was renegotiated in August of 2007 eliminating references
to the Mermaid, decreasing leased space, incorporating an annual inflator and extending
the duration of the lease through December 31, 2009, and
WHEREAS, the Chamber requests to lease 100-square feet of additional office
space (identified as Office "A") next to their present space and has agreed to increase their
lease payments by $100 per month in 2008 and $103 in 2009, and
WHEREAS, no other provisions of the lease agreement are affected except as noted
in the attached First Amendment to Lease Agreement.
NOW, THEREFORE, BE IT RESOLVED the Lease Agreement between the City
and the Chamber shall be amended in accordance with the attached First Amendment to
Lease Agreement document.
Adopted this 10th day of November, 2008.
v ,rte ~ r
Rob arty, Mayor
ATTEST: ` ~~ ~j x
Jim Ericson, Clerk -Administrator
(SEAL)
FIItST AMENDMENT TO LEASE AGREEMENT
THIS FIRST AMENDMENT TO LEASE AGREEMENT (the "Amendment") made and
entered into this day of November, 2008, by and between the City of Mounds View
("Landlord") and Twin Cities North Chamber of Commerce ("Tenant").
RECITALS:
A. Landlord and Tenant entered into that certain Lease Agreement dated as of
August 27, 2007 ("Lease Agreement"), relating to Tenants lease of certain property from Landlord
("Premises");
B. Tenant intends to lease additional space from Landlord that is currently not included
as part of the Premises in the Lease Agreement;
C. All capitalized terms herein shall have the meanings ascribed in the Purchase
Agreement, as applicable, unless otherwise specifically defined herein.
WITNESSETH:
NOW, THEREFORE, in consideration of the Recitals and other good and valuable
consideration, Landlord and Tenant hereby amend the Lease Agreement as follows:
1. Rent. The monetary figure "$885.80" in Section 3 of the Lease
Agreement shall be replaced with the monetary figure "995.80" and the monetary figure
"$912.37" in Section 3 of the Lease Agreement shall be replaced with the monetary
figure "$1,012.37."
2. Exhibits. Exhibit A to the Lease Agreement shall be replaced with the
Exhibit A attached hereto to this Amendment.
3. Except as specifically provided herein, the Lease Agreement remains unchanged
and in full force and effect.
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IN WITNESS WHEREOF, the parties have hereunto set their hands the day and year first
above written.
TWIN CITIES NORTH CHAMBER
OF COMMERCE
By_
Its
The City of Mounds View, as owner of the Building and premises herein, hereby agrees to the
terms of this Lease.
CITY OF MOUNDS VIEW
By
Its Mayor
By
Its Clerk/Administrator
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EXHIBIT A
Floorplan Layout of the Twin Cities North Chamber of Commerce Area
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YMCA SPACE