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<br />Request for Action <br /> <br /> <br /> <br /> <br /> <br />To Item Number <br />Mayor and City Council 8.1 <br />Agenda Section Meeting Date Prepared by <br />General Business March 4, 2024 Joe Stremcha, Assistant City Administrator <br />Item Description Reviewed by <br />iBackCheck, PLCC Outstanding Lease/Penalty Ryan Vadnais, Accountant <br />Appeal <br />Reviewed by <br />Cal Portner, City Administrator <br /> <br />Action Requested <br />Receive appeal and provide staff direction by motion of the City Council. <br /> <br />Background/Discussion <br />The city and iBackCheck, PLCC entered into a lease agreement for 3,038 sf of commercial space attached to the <br />Furniture and Things Community Event Center in May of 2022. <br /> <br />Since lease inception, iBackCheck has had numerous untimely payments, which per the executed agreement <br />incurred penalties. Staff have worked with the owner to bring iBackCheck into compliance. <br /> <br />Currently, iBackCheck is $4,460.71 in arrears related to penalties. <br /> <br />iBackCheck Chief Manager, Christi Jo Christian has requested an opportunity to appeal the due amount to the <br />City Council. <br /> <br />Financial Impact <br />N/A <br /> <br />Mission/Policy/Goal <br />Elk River Vision Statement <br /> <br />Attachments <br /> Lease Agreement, iBackCheck, PLLC <br /> Notice of Outstanding Lease Payments (Dec. 22, 2023) <br /> Email Notice <br /> Default Notice <br /> iBackCheck Request <br /> <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br /> <br />service, and community engagement that encourages and inspires prosperity. <br /> Updated: August 2020 <br />