Item Description:
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Neg two lease amendments for rental space utilized by the Cedar Riverside Opportunity Center at 515 15th Ave S, Mpls, 01/15/27-01/14/32
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Resolution:
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BE IT RESOLVED, that the County Administrator be authorized to negotiate Amendment 1 to Lease Agreement A165402 with Five15 Limited Partnership for approximately 4,996 square feet of rental space located at 515 15th Avenue South, Minneapolis for the Cedar Riverside Opportunity Center, extending the contract period through January 14, 2032, in the estimated amount of $150,529 first year rent and operating costs; that following review and approval by the County Attorney's Office, the Chair of the Board be authorized to sign the amendment on behalf of the County; and that the Controller be authorized to receive and disburse funds as directed; and
BE IT FURTHER RESOLVED that the County Administrator be authorized to negotiate Amendment 1 to Sublease Agreement A165404 with Emerge Community Development for space within the Cedar Riverside Opportunity Center located at 515 15th Avenue South in Minneapolis, extending the contract period through January 14, 2032, in the estimated receivable amount of $105,370 first year rent and operating costs; that following review and approval by the County Attorney's Office, the Chair of the Board be authorized to sign the amendment on behalf of the County; and that the Controller be authorized to receive and disburse funds as directed.
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Background:
Hennepin County leases approximately 4,996 square feet of office space at 515 15th Avenue South, Minneapolis for the Cedar Riverside Opportunity Center ("CROC") since 2016. CROC is a one-stop shop for education, workforce, and career pathway services operated by Hennepin County and Emerge Community Development. CROC serves approximately 1,500 residents from the Cedar-Riverside community annually. Residents receive a variety of services including employment services, job training/career pathways, supp...
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