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8.1 SR 03-04-2024 Request for Action To Item Number Mayor and City Council 8.1 Agenda Section Meeting Date Prepared by General Business March 4, 2024 Joe Stremcha, Assistant City Administrator Item Description Reviewed by iBackCheck, PLCC Outstanding Lease/Penalty Ryan Vadnais, Accountant Appeal Reviewed by Cal Portner, City Administrator Action Requested Receive appeal and provide staff direction by motion of the City Council. Background/Discussion The city and iBackCheck, PLCC entered into a lease agreement for 3,038 sf of commercial space attached to the Furniture and Things Community Event Center in May of 2022. Since lease inception, iBackCheck has had numerous untimely payments, which per the executed agreement incurred penalties. Staff have worked with the owner to bring iBackCheck into compliance. Currently, iBackCheck is $4,460.71 in arrears related to penalties. iBackCheck Chief Manager, Christi Jo Christian has requested an opportunity to appeal the due amount to the City Council. Financial Impact N/A Mission/Policy/Goal Elk River Vision Statement Attachments  Lease Agreement, iBackCheck, PLLC  Notice of Outstanding Lease Payments (Dec. 22, 2023)  Email Notice  Default Notice  iBackCheck Request 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