10.G.
City Council Meeting - FINAL
- Meeting Date:
- 07/07/2020
- Co-Submitter:
- Greg Clifton
- From:
- Kevin Fincel, Deputy City Attorney
Information
TITLE:
Consideration and Adoption of Resolution No. 2020-47: A resolution approving Amendment Three to lease agreement between the City of Flagstaff and Theatrikos, Inc.
STAFF RECOMMENDED ACTION:
1) Read Resolution No. 2020-47 by title only
2) City Clerk reads Resolution No. 2020-47 by title only (if approved above)
3) Adopt Resolution No. 2020-47
2) City Clerk reads Resolution No. 2020-47 by title only (if approved above)
3) Adopt Resolution No. 2020-47
Executive Summary:
The City of Flagstaff entered into a lease agreement with Theatrikos, Inc. on October 17, 2006, for the lease of the building and real property located at 11 West Cherry Avenue in Flagstaff, Arizona (“Premises”). Theatrikos operates the Premises as a community theatre, which has been the Premise’s use since 1988. The City and Theatrikos agree that it is beneficial for both parties to amend the lease to add a force majeure clause that will allow the City to relieve Theatrikos of certain obligations under the lease in the case of an uncontrollable event that prevents Theatrikos from operating the Premises as expected under the lease.
Financial Impact:
This item does not involve any expenditures. If the added force majeure clause is invoked, all or a portion of Theatrikos's payment obligations due under the lease could be abated.
Policy Impact:
None.
Connection to Council Goal, Regional Plan, CAAP, and/or Strategic Plan:
Strategic priority #4: Work in partnership to enhance a safe and livable community
2. Cultivate community partnerships through civic engagement and participation.
2. Cultivate community partnerships through civic engagement and participation.
Has There Been Previous Council Decision on This:
The Theatrikos lease has been amended on two prior occasions for various reasons.