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CC Regular Session <br />Meeting Date: 05/22/2018 <br />Submitted For: Patrick Brama, Administrative Services <br />By: Patrick Brama, Administrative Services <br />Information <br />Title <br />Approve Lease Agreement: RM Golf Carts <br />4. 8. <br />Purpose/Background: <br />PURPOSE: <br />Approve the attached lease agreement with RM Golf Carts for use of city owned cold storage space located at 6745 <br />Highway 10. <br />BACKGROUND: <br />RM Golf Cart's primary location is 7039 Hwy 10 (also a city owned property being leased). RM Golf Carts has <br />been leasing cold storage space at 6745 Highway 10 for two years. Their lease at 6745 is set to expire this fall <br />(2018). RM Golf Carts would like to extend their lease at 6745 by three years. <br />RM Golf Carts: http://www.rmgolfcarts.com/ <br />Observations/Alternatives: <br />The attached lease agreement is generally consistent with the city's other lease agreements and policy for leasing <br />city owned property. The attached lease agreement was drafted by the City Attorney and reviewed by the City's <br />property management company--Permier Commercial Realty. Specific notes below: <br />• Terms/ conditions and language has been updated to be consistent with recent lease agreements. <br />• Includes rent payments that are market rate. <br />• Maintenance responsibilities are clearly outlined. <br />• No political signage allowed. <br />• Early termination clause included. <br />• Per the City's agreement with Premier Commercial Realty, a commission payment will be made to Premier <br />for this lease agreement. <br />• This lease agreement is being brought forward in conjunction with another lease agreement, for Power <br />Lodge. RM Golf Carts and Power Lodge worked together, as a group, with Premier Commercial Realty, to <br />come up with this solution. This Council agenda also contains a lease agreement for Power Lodge. <br />Funding Source: <br />NA <br />Recommendation: <br />Approve the attached lease agreement. <br />Action: <br />Motion to: <br />Approve the attached lease agreement with RM Golf Carts for use of city owned property for the purpose of indoor <br />cold storage; subject to final review and amendments by the City Attorney. <br />