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CC Regular Session 4. 3. <br /> Meeting Date: 03/28/2017 <br /> Submitted For: Patrick Brama,Administrative Services <br /> By: Patrick Brama,Administrative Services <br /> Information <br /> Title <br /> Approve Pro Power Sports Lease Re-Assignment Agreement <br /> Purpose/Background: <br /> Approve Pro Power Sports Lease Re-Assignment Agreement <br /> Observations/Alternatives: <br /> The purpose of this case is to approve the attached "Reassignment Agreement" for the City's current lease with <br /> Todd Amar of Pro-Power Sports to Thomas Dehn of Mille Lacs Motorsports II. <br /> For background information on the request, and Thomas Dehn,please see attached request letter. Tom Dehn is <br /> purchasing Pro-Power Sports; and will become the new owner/operator. <br /> For background in formation on this lease,please reference the attached leases, lease amendments, and lease maps. <br /> In summary,the City began leasing space to Pro-Power Sports in 2014. Their lease has been amended three times. <br /> Generally, Pro-Power Sports has been a good tenant, and has paid on time. <br /> Recommendation: <br /> Staff doesn't have any concerns with this reassignment. Staff would note, Tom Dehn has verbally proposed to <br /> "clean up"the property,make some "exterior improvements," and intends to get rid of the "crate walls." Tom Dehn <br /> mentioned,he may consider brining back boat sales to this location. Mille Lacs Motorsports II, Inc. appears to be <br /> in good standing with the State of Minnesota(registration with the Secretary of State). <br /> Action: <br /> Motion to: <br /> Approve the attached lease reassignment agreement for Mille Lacs Motorsports II, Inc.; subject to final review and <br /> amendments by the City Attorney. <br /> Attachments <br /> Request Letter <br /> Lease Reassignment Agreement <br /> 2014 Lease Agreement <br /> 2015 Lease Amendment 1 <br /> 2015 Lease Amendment 2 <br /> 2016 Lease Amendment 3 <br /> REF MAP <br /> Form Review <br />