HomeMy WebLinkAbout2015-008 EDAR Commissioner Dan Ryan introduced the following resolution
f and moved its adoption:
EDA RESOLUTION NO. 2015-08
RESOLUTION APPROVING THE LEASE TERMINATION AGREEMENT
(BROOKDALE SQUARE)
WHEREAS, the Brooklyn Center Economic Development Authority acquired
Lot 1, Block 1, Brookdale Square 2nd Addition, a 23.2 acre commercially zoned lot, known as
Brookdale Square, for the specific purpose of facilitating the redevelopment of-the City's
Opportunity Site, as identified in the adopted comprehensive plan for the City of Brooklyn
Center; and
WHEREAS, the Pep Boys Manny, Moe & Jack of California, a California
corporation, are a tenant within the subject property, the Brookdale Square, located at 5900
Shingle Creek Parkway; and
WHEREAS, the Pep Boys Manny, Moe, &Jack of California have requested to
amend the lease agreement so that the term of the lease shall finally terminate and end,with no
remaining optional terms,at midnight on June 30,2015.
NOW, THEREFORE, BE IT RESOLVED by the Economic Development
Authority in and for the City of Brooklyn Center,Minnesota,as follows:
1. The Lease Termination Agreement with The Pep Boys Manny, Moe, & Jack of
California for the Subject Property is hereby approved.
2. The President and Executive Director of the EDA are authorized and directed to
execute the Lease Termination Agreement and the Executive Director is
authorized and directed to take all such further steps as are necessary to effect the
terms thereof. /
May 26,2015
Date President
The motion for the adoption of the foregoing resolution was duly seconded by Commissioner
Lin Myszkowski
and upon vote being taken thereon,the following voted in favor thereof.
Tim Willson, April Graves, Kris Lawrence-Anderson, Lin Myszkowski, and Dan Ryan;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.