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HomeMy WebLinkAbout2022-01-03-I02 Lease_Finn & Laughlin Family DentistryAGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: January 3, 2022 AGENDA ITEM:Consideration of approval of a resolution approving a Lease Agreement (Business Property) between Finn & Laughlin Family Dentistry, PC, and the City of Waukee, Iowa FORMAT:Resolution SYNOPSIS INCLUDING PRO & CON: FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: COMMISSION/BOARD/COMMITTEE COMMENT: STAFF REVIEW AND COMMENT: RECOMMENDATION: Approve the resolution. ATTACHMENTS: I. Proposed Resolution PREPARED BY:Becky Schuett REVIEWED BY: PUBLIC NOTICE INFORMATION – NAME OF PUBLICATION: DATE OF PUBLICATION: I2 THE CITY OF WAUKEE, IOWA RESOLUTION 2022- APPROVING LEASE AGREEMENT (BUSINESS PROPERTY) BETWEEN FINN & LAUGHLIN FAMILY DENTISTRY, PC, AND THE CITY OF WAUKEE, IOWA IN THE NAME AND BY THE AUTHORITY OF THE CITY OF WAUKEE, IOWA WHEREAS, the City of Waukee, Dallas County, State of Iowa, is a duly organized Municipal Organization; AND, WHEREAS, on September 12, 2011, the Waukee City Council approved a Lease Agreement (Business Property) between Finn & Laughlin Family Dentistry, P.C. (the “Tenant”) and the City of Waukee (the “Landlord”) for property addressed as 238 W. Hickman Road, Waukee; AND, WHEREAS, the Tenant proposes an extensive interior remodel and has requested a lease extension to protect their investment in the project; AND, WHEREAS, the proposed lease extends the term of the agreement to August 31, 2036, modifies the base rent for the extended term, and includes provisions for assignment of the lease to a successor entity owned and controlled by one of the dentists practicing at the property at this time; NOW THEREFORE BE IT RESOLVED by the City Council of the City of Waukee that the Lease Agreement (Business Property) between Finn & Laughlin Family Dentistry, PC, and the City of Waukee, Iowa, is hereby approved. Passed by the City Council of the City of Waukee, Iowa, and approved the 3rd day of January, 2022 ____________________________ Courtney Clarke, Mayor Attest: ___________________________________ Rebecca D. Schuett, City Clerk RESULTS OF VOTE: AYE NAY ABSENT ABSTAIN Anna Bergman Pierce R. Charles Bottenberg Chris Crone Larry R. Lyon Ben Sinclair