File #: 24-0211    Version: 1
Type: Resolution Status: Approved
File created: 5/9/2024 In control: Board of Hennepin County Commissioners
On agenda: 5/14/2024 Final action: 6/4/2024
Title: Consent to Assignment and Assumption and Neg Amend and Restatement of Ground Lease A140980; Consent to Assignment and Assumption and Neg Amend and Restatement of Lease/Use Agreement A140981
Attachments: 1. RESOLUTION
Item Description:
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Consent to Assignment and Assumption and Neg Amend and Restatement of Ground Lease A140980; Consent to Assignment and Assumption and Neg Amend and Restatement of Lease/Use Agreement A140981
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Resolution:
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BE IT RESOLVED, contingent upon necessary approvals by the State of Minnesota, and following review and approval by the County Attorney's Office, the Chair be authorized to sign consent to Assignment and Assumption of Ground Lease A140980 from the YWCA of Minneapolis to St. David's Center Minneapolis, LLC, on behalf of the County; and

BE IT FURTHER RESOLVED, upon execution of the Assignment and Assumption of Ground Lease A140980, the County Administrator be authorized to negotiate an amendment and restatement of Ground Lease A140980, extending the term to June 1, 2052, and making various changes consistent with the assignment to St. David's Center Minneapolis, LLC, and that following review and approval by the County Attorney's Office, the Chair be authorized to sign the amended and restated agreement on behalf of the County; and

BE IT FURTHER RESOLVED, contingent upon necessary approvals by the State of Minnesota, and following review and approval by the County Attorney's Office, the Chair be authorized to sign consent to Assignment and Assumption of Lease/Use Agreement A140981 from the YWCA of Minneapolis to St. David's, on behalf of the County; and

BE IT FURTHER RESOLVED, upon execution of the Assignment and Assumption of Lease/Use Agreement A140981, the County Administrator be authorized to negotiate an amendment and restatement of Lease/Use Agreement A140981, making various changes consistent with the assignment to St. David's Center, and that following review and approval by the County Attorney's Office, the Chair be authorized to sign the amended and restated agreement on behalf of the County; and

BE IT FURTHER RESOLVED, that the Controller be authorized to transfer and disburse funds as necessary to carry out the int...

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