4.7. SR 09-21-2020
Request for Action
To Item Number
Mayor and City Council 4.7
Agenda Section Meeting Date Prepared by
Consent September 21, 2020 Cal Portner, City Administrator
Item Description Reviewed by
iBackcheck Sport Therapy Lease Hold
Agreement
Reviewed by
Action Requested
Approve, by motion, a lease hold agreement with iBackcheck Sport Therapy.
Background/Discussion
In June of 2019, the City Council approved a Letter of Interest with Dr. Christi Jo Christian to lease 1,000 square
feet of space in the multipurpose facility. The agreement was contingent upon Dr. Christian negotiating a lease by
April 1, 2020.
The impact of COVID-19 created a number of social economic challenges. The Council consented to push back
the lease period after economic uncertainty decreased. To do so, the Council consented to a lease hold agreement
in which the lessor would agree and pay one projected one month’s rent to extend the actual lease date.
Financial Impact
N/A
Mission/Policy/Goal
Vision Statement: A welcoming community
Attachments
Lease Hold Agreement
The Elk River Vision
A welcoming community with revolutionary and spirited resourcefulness, exceptional
service, and community engagement that encourages and inspires prosperity.
Updated: August 2020
September 18, 2020
This letter of intent sets forth a proposal by which the City of Elk River (“Landlord”) agrees to lease to Dr. Christi Jo
Christian, iBackCheck Sport Therapy (“Tenant”), 1,000 square feet in the City of Elk River multipurpose facility located at
1000 School St NW, Elk River, Minnesota.
This letter of Intent is contingent upon:
1. Tenant making a $2,120.00 payment to Landlord, within 15 days of the date of this letter, as consideration for
Landlord holding the premises for Tenant’s future occupancy; and
2. Landlord and Tenant negotiating a Lease Agreement by ____________, 2021, incorporating the following terms:
2.1 Term: Ten (10) years, to commence on the earlier of June 1, 2021, or a date before then selected by
Tenant. Tenant shall give Landlord 30 days’ prior notice of such date.
2.2 Permitted Use: General office and physical therapy/medical treatment uses only.
2.3 Monthly Base Rent: $2,120.00.
2.4 Utilities and Taxes: Tenant share of utilities and taxes are included in the monthly base rent.
2.5 Tenant Buildout: This agreement is for shell space only. Tenant is responsible for final lease-space
buildout.
2.6 Premises: 1,000 rentable square feet in the Building as described on the attached plan.
2.7 Public Liability Insurance Limits: $1,000,000.
Dr. Christi Jo Christian John J. Dietz
iBackCheck Sport Therapy Mayor
Tina Allard
City Clerk
13065 Orono Parkway
Elk River, MN 55330 Phone:
763.635.1000
www.ElkRiverMN.gov