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Resolution No. 2021-82 North Surburban Center for the Arts Lease Resolution No. 2021-82 Approving a Commercial Lease Between the City of Fridley and the North Suburban Center for the Arts Whereas, the City of Fridley (City) is the fee owner of the property legally described as: Lot 2, Block 1, Aus Addition, according to the map or plat thereof on file and of record in the Office of Registrar of Titles, in and for Anoka County, Minnesota; and Whereas, the City received a letter of intent from the North Suburban Center for the Arts to lease the former Fire Station Number 3 building from the City; and Whereas, the City Council asked staff to work through the terms of an agreement with the Executive Director and Board of the North Suburban Center for the Arts; and Whereas, a lease and its terms have now been agreed upon by staff and the North Suburban Center for the Arts; and Whereas, the North Suburban Center for the Arts Board of Directors have reviewed and approved the terms and Lease document as submitted. Now, therefore be it resolved, that the City Council of the City of Fridley agrees to enter into a lease agreement with the North Suburban Center for the Arts for a five-year lease, with an option to purchase the property at the five-year term. Passed and adopted by the City Council of the City of Fridley this 13th day of September 2021. _______________________________________ Scott J. Lund – Mayor Attest: Melissa Moore – City Clerk