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Request for Action <br />To <br />Item Number <br />Mayor and Ci T Council <br />4.7 <br />Agenda Section <br />Meeting Date <br />Prepared by <br />Consent <br />September 21, 2020 <br />Cal Portner, City Administrator <br />Item Description <br />Reviewed by <br />iBackcheck Sport Therapy Lease Hold <br />Reviewed by <br />Agreement <br />Action Requested <br />Approve, by motion, a lease hold agreement with iBackcheck Sport Therapy. <br />Background/Discussion <br />In June of 2019, the City Council approved a Letter of Interest with Dr. Christi Jo Christian to lease 1,000 square <br />feet of space in the multipurpose facility. The agreement was contingent upon Dr. Christian negotiating a lease by <br />April 1, 2020. <br />The impact of COVID-19 created a number of social economic challenges. The Council consented to push back <br />the lease period after economic uncertainty decreased. To do so, the Council consented to a lease hold agreement <br />in which the lessor would agree and pay one projected one month's rent to extend the actual lease date. <br />Financial Impact <br />N/A <br />Mission/Policy/Goal <br />Vision Statement: A welcoming community <br />Attachments <br />• Lease Hold Agreement <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br />service, and community engagement that encourages and inspires pi ospei ly. <br />M <br />TUREJ <br />Updated.• August 2020 <br />