HomeMy WebLinkAbout1998-019 CCRMember Kay Lasman introduced the following resolution and moved its
adoption:
RESOLUTION NO. 95-19
RESOLUTION APPROVING AN ADDENDUM TO THE LEASE FOR THE
L10RTT-MR00j_j0T 10R STORE
WHEREAS, the existing lease for the Northbrook Liquor Store between the City
and Northbrook Shopping Center will expire on March 31, 1999; and
WHEREAS, the existing lease provided for a rent increase from $7.75 per square
foot to $8.00 per square foot on February 1, 1998 ; and
WHEREAS, a lease addendum has been negotiated with the Landlord which will
freeze the rent at $7.75 per square foot while extending the occupancy. of the store through March
31, 2000, without changing any other terms of the existing lease; and
WHEREAS, the Northbrook Liquor Store has been profitable in this site and it is
in the best interest of the City to continue its operation.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center, Minnesota, that the Mayor and City Manager are authorized and directed to sign
a lease addendum with Northbrook Partners for the Northbrook Liquor Store extending the period
of the through March 31, 2000.
January 26, 1998
Date
ATTEST:
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City Clerk
0 Mayor 0
The motion for the adoption of the foregoing resolution was duly seconded by member
Kathleen Carmody , and upon vote being taken thereon, the following voted in favor
thereof:
Myrna Kragness, Kathleen Carmody, Debra Hilstrom, Kay Lasman, and Robert Peppe;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.