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City of <br />Elk - <br />River <br />To <br />City Council <br />Meeting Date <br />May 20, 2024 <br />Item Description <br />iBackCheck Lease Termination Appeal <br />Request for Action <br />Item Number <br />8.1 <br />Prepared By <br />Joe Stremcha, Business Services Director/Assistant <br />City Administrator <br />Reviewed by: <br />Lori Stich <br />Joe Stremcha <br />Cal Portner <br />Tina Allard <br />Action Requested <br />Consider an appeal from iBackcheck, PLLC to maintain the current lease agreement. <br />Background/Discussion <br />As directed by the City Council on May 6, iBackCheck's late fee repayment schedule was called due effective <br />immediately due to untimely and insufficient payments (months of April and May). Further, iBackCheck was <br />provided notice that the lease agreement was to be terminated. <br />The Bank of Elk River provided a statement elaborating on their error as a contributing factor to the <br />insufficient May payment on behalf of iBackCheck. iBackCheck seeks further forgiveness and will be in <br />attendance to make an appeal to maintain the lease agreement. <br />Communication is included between staff and the CEO of iBackCheck Christi Jo Christian including an <br />apology and payment history. As of May 16, iBackCheck is current on their payments. <br />Financial Impact <br />None <br />Mission/Policy/Goal <br />Responsible for every dollar - good stewards <br />Attachments <br />1. Communication with The Bank of Elk River <br />2. Bank Letter-iBackCheck PLLC 5-13-24 <br />3. ibackcheck AFT Redacted <br />4. Communication with iBackCheck <br />5. iBackCheck, PLLC Payment History <br />6. 8.1 Handout <br />The Elk River Vision <br />A avelcoming community zvitb revolutionary and spirited resourcefulness, exceptional service, and community p p W E H E U A Y <br />engagement that encourages and inspires prosperityIn <br />430 <br />