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4.11 SR 04-19-2021Request for Action To Item Number Mayor and Ci r Council 4.11 Agenda Section Meeting Date Prepared by Consent April 19, 2021 Cal Portner, City Administrator Item Description Reviewed by Extend Lease Option Agreement with Reviewed by iBackcheck Sport Therapy Action Requested Approve, by motion, an extension of the Letter of Intent to enter into a lease agreement with iBackcheck Sport Therapy for lease space in the Furniture and Things Community Event Center. Background/Discussion Dr. Christi Jo Christian of iBack Sport Therapy has requested an extension to her agreement with the city to build out and operate space within the Furniture and Things Community Event Center. Financial Impact N/A Mission/Policy/Goal The Elk River Mission Statement — govern in an ever -changing environment. Attachments • Extension Request • Staff Report • Agreement The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires pi ospei ly. M TUREJ Updated.• August 2020 Portner, Cal From: Christi Jo Christian <drejchristian@gmail.com> Sent: Thursday, April 15, 2021 11:04 AM To: Portner, Cal Subject: iBackCheck Sport Therapy/lease space Cal, Thank you for meeting this past Monday with myself and Tim Dalton regarding the new lease space. After this past year of decreased revenue due to COVID, along with building costs that have skyrocketed,I would appreciate you asking the city council if we can extend the date of the deadline for opening the new lease space for 6 months. My goal is to start construction by August and have a Grand Opening by December. I am working with Ben Jaremko and ERYHA to have small training groups on one end of the building that will coordinate with a physical therapy area and transition into medical office space. With all of this in mind, I would. also like to request a decrease in the cost of the price/square foot from $15 to $10. Thank you so much for your consideration. Best regards, Christi Jo Christian iBackCheck Sport Therapy Request for Action To Item Number Mayor and Ci T 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 Reviewed by Agreement 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 pi ospei ly. M TUREJ Updated.• August 2020 Fiver 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 iBackCheck Sport Therapy 13065 Orono Parkway Elk River, MN 55330 Phone: 763.635.1000 John J. Dietz Mayor Tina Allard City Clerk www.ElkRiverMN.gov of iver April 19, 2021 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. Landlord and Tenant negotiating a Lease Agreement by August 1, 2021, incorporating the following terms: 1.1 Term: Ten (10) years, to commence on the earlier of August 1, 2021, or a date before then selected b y Tenant. Tenant shall give Landlord 30 days' prior notice of such date. 1.2 Permitted Use: General office and physical therapy/medical treatment uses only. 1.3 Monthly Base Rent: $2,120.00. 1.4 Utilities and Taxes: Tenant share of utilities and taxes are included in the monthly base rent. 1.5 Tenant Buildout: This agreement is for shell space only. Tenant is responsible for final lease- space buildout. 1.6 Premises: 1,000 rentable square feet in the Building as described on the attached plan. 1.7 Public Liability Insurance Limits: $1,000,000. Dr. Christi Jo Christian iBackCheck Sport Therapy John J. Dietz Mayor Tina Allard City Clerk