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CC Work Session <br />Date: 11/30/2010 <br />By: Aaron Backman <br />Administrative Services <br />Item #: 2. a. <br />Information <br />Title: <br />Prospect to Lease a Portion of the Old Municipal Center <br />Background: <br />In Mid - November the City's Economic Dev. /Marketing Manager was contacted by a real estate broker regarding a <br />prospect interested in leasing a portion of the Old Municipal Center. The prospect, Connections Church, is looking <br />to locate and finalize an interim meeting location in the next 60 days or so. On November 19th, Gary Dehn, the <br />broker, and Rat Fritz, the lead pastor, toured the center. The church is proposing to lease the main level of the Old <br />Municipal Center, which encompasses 6,100 sq. ft. of space at a proposed lease rate of $6.40/ sq. ft. They would <br />not use areas used by the fire department and the lower level of the building. That lease rate would generate <br />about $39,000 per of revenue for the City or about $3,250 per month. The Church has provided a letter of interest <br />in the City's property, referencing the proposed lease rate and move -in date (early February of 2011). The Church <br />would be responsible for its portion of the utility costs and for any leasehold improvements it needs. I have <br />provided copies of the floor plans to the broker and the prospect. <br />Recommendation: <br />Instruct City Staff to move forward with drafting a proposed lease agreement with Connections Church. <br />Council Action: <br />Provide input to City Staff regarding the potential lease of the Old Municipal Center. <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Jo Thieling 11/24/2010 12:46 PM <br />Form Started By: Aaron Backman Started On: 11/24/2010 12:14 PM <br />Final Approval Date: 11/24/2010 <br />