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area" for staging, outside storage, and access to their garages. This step will provide the City with an <br />indemnification agreement and liability insurance. With this step, Pro Power Sports, at their cost, will replace their <br />existing "crate wall fence" (which separates the rear of their property from 6745) with a permanent security fence. <br />Because of this relatively sudden change in past practice (since 2005), and the upfront capital investment required <br />by Pro Power Sports, staff is proposing this lease amendment require no charge for rent. The existing lease with <br />Pro Power Sports is set to expire in February of 2016. When the existing lease is ready for renewal, staff will <br />recommend Pro Power Sports begins paying market -rate rent for the new lease area. <br />Notification: <br />NA <br />Observations/Alternatives: <br />NA <br />Funding Source: <br />No funding required. Lease negotiation part of normal staff duties. <br />Recommendation: <br />Approve the attached lease amendment. <br />Action: <br />Motion to: <br />Approve the attached second amendment to the lease agreement between the City of Ramsey and Pro Power Sports <br />and Marine INC dated March 1, 2013; subject to review and amendments by the City Attorney. <br />Attachments <br />Reference Map <br />012815 Amendment Two to Lease City of Ramsey and Pro Power Sports Marine Inc (purpose of this case) <br />030114 Lease Agreement Pro Power Sports and Marine Inc <br />012815 Amendment One to Lease City of Ramsey and Pro Power Sports Marine Inc <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 05/21/2015 09:41 AM <br />Form Started By: Patrick Brama Started On: 05/17/2015 08:36 AM <br />Final Approval Date: 05/21/2015 <br />