HomeMy WebLinkAboutResolution No. 128-150
128-15
RESOLUTION
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BE IT RESOLVED by the Common Council of the City of Rochester that the City approve
of and execute a lease agreement amendment between the City and the Mayo Foundation for
Medical Education and Research that removes floor five from the current lease if the City and
Cardio3, Inc., enter into a lease agreement for floor five.
BE IT FURTHER RESOLVED that the City approve of $2.9 million in funding from the
parking enterprise fund, and approve the establishment of an escrow account to defease the
bonds for the fifth floor when they become callable in 2018.
The Mayor and City Clerk are authorized to execute the lease agreement amendment
and any other documents needed to implement this resolution on behalf of the City.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
. ROCHESTER, MINNESOTA, THIS 16th DAY OF MARCH 2O15.
77
PRESIDENT SAID COMMON COUNCIL
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CITY CLERK
APPROVED THIS 17th DAY OF MARCH , 2015,
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MAYOR OF SAID CITY