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City of <br /> AGENDA ITEM #10.2 <br /> Pequot <br /> Lakes--.:_--_- <br /> REPORT TO <br /> CITY COUNCIL <br /> Report Prepared by: Sandy Peine, City Clerk <br /> Date: June 3, 2014 <br /> Subject: Chamber Building Lease Agreement <br /> Report: The Building Committee (Mike Loven, Council Member Gardner, <br /> and Council Member Sjoblad) presented the Council with a recommendation for <br /> the lease renewal on the Trailside Building in February. The Council made the <br /> following motion on at that February Council meeting. <br /> MAYOR ADAMS MOVED TO TAKE THE BUILDING COMMITTEE'S <br /> RECOMMENDATION REGARDING THE PROPOSED LEASE TERMS. COUNCIL <br /> MEMBER GARDNER SECONDED THE MOTION. MOTION CARRIED 5-0. <br /> Based on the recommendations of the Building Committee, the City's attorney <br /> has redrafted the lease. The Chamber Board has met to review the lease and <br /> concurs with the terms of the revised lease. <br /> In summary, the City has taken over many of the building responsibilities <br /> including payment of the utilities. The responsibilities are listed on the attachment <br /> labeled "Trailside Building Responsibilities." The Chamber will pay the City a <br /> monthly rent of$775.00. <br /> Council Action Requested: Council authorization to enter into the Trailside <br /> Building Lease Agreement with the Chamber of Commerce effective June 3, <br /> 2014. <br />