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while others will be torn down for redevelopment. He believed that building at 6701 Hwy 10 <br /> could remain. <br /> Chairperson Olson commented that it appears the proposed tenant has been good at paying its rent <br /> and asked if there is any information on the impact to neighboring properties. <br /> Economic Development Manager Sullivan replied that the last tenant in this space had issues with <br /> paying rent and therefore due diligence was completed on this potential tenant. <br /> Member Riley asked how the common maintenance and plowing would be handled. <br /> Economic Development Manager Sullivan replied that the maintenance and snow removal is <br /> outlined in the lease and the tenant responsibilities have been made clear. <br /> Member Riley commented that this would be temporary in nature and asked if the tenant <br /> understands that this use is temporary. <br /> Economic Development Manager Sullivan confirmed that there is a clause in the lease that <br /> provides the City the option to terminate the lease with 120 days of notice and the temporary nature <br /> has been communicated to the tenant. <br /> Member Wiyninger asked the purpose of the space, whether it is office or meeting space. <br /> Economic Development Manager Sullivan replied that this would be a meeting space and noted <br /> that churches have occupied the space in the past and there has not been an issue with parking as <br /> Youth First is not open on weekends. <br /> Member Johnson asked if this property would be taken out or would be listed for sale in the future. <br /> Economic Development Manager Sullivan replied that this property would be listed for sale in the <br /> future. He anticipated that in the future the City Council would develop a policy related to the sale <br /> of these properties and the process that would be followed. <br /> Member Stewart asked if the lease is renewed annually or whether there would be an option to <br /> extend past 2025. <br /> Economic Development Manager Sullivan replied that this is a two-year lease with the end date in <br /> 2025. He noted that if there was a desire to extend the lease, that could be explored at that time. <br /> He stated that he set the expectations that the lease would end at that time so they could plan to <br /> move if needed at that time. <br /> Motion by Member Stewart, seconded by Member Johnson, to recommend to City Council to <br /> approve the Lease as presented, subject to City Attorney review. <br /> Motion carried. Voting Yes: Chairperson Olson, Members Stewart, Johnson, Howell, Riley, and <br /> Wiyninger. Voting No: None. Absent: Member MacLennan. <br /> Economic Development Authority/December 8, 2022 <br /> Page 4 of 5 <br />