Adopt Resolution #22-180 Authorizing Early Termination of Lease with Todd Bialon (EZ Auto)

The purpose of this case is to consider adoption of Resolution #22-180 to authorize early termination of a land lease with Todd Bialon.  The City acquired Tax ID parcels 28-32-25-31-0020 and 28-32-25-31-0007 in 2011 utilizing the Right of Way Acquisition Loan Fund (RALF) Program to secure future Right of Way for the Highway 10 project. Section 2 of the attached lease, which was executed in 2018, gives either party the right to terminate the lease without cause.  Anoka County has commenced acquisition of  parcels in the Hwy 10 Corridor for the Ramsey Gateway Highway 10 Project.   Anoka County has asked the city to issue a notice of termination of lease for Tax ID parcels 28-32-25-31-0020 and 28-32-25-31-0007. Staff is asking the City Council to consider the early termination the attached lease.  

None required

The City has been working with the RALF program since 2004 to acquire properties and to hold them for future Highway 10 improvements.  The City has leased the above referenced property back to Todd Bialon for over 10 years.  The current lease with Todd Bialon gives the City the right to terminate the lease without cause as outlined in Section 2. Staff is asking the City Council to consider termination of the attached lease

Alternatives:
1) Adopt Resolution #22-180 Authorizing Early Termination of Lease with Todd Bialon (EZ Auto) (as presented); subject to City Attorney review
2) Adopt Resolution #22-180 Authorizing Early Termination of Lease with Todd Bialon (EZ Auto) (with changes); subject to City Attorney review
3) Something else

This item is being handled under normal staff duties.

Staff Recommends Adoption of Resolution #22-180 Authorizing Early Termination of Lease with Todd Bialon (EZ Auto) (as presented); subject to City Attorney review

Motion to Adopt Resolution #22-180 Authorizing Early Termination of Lease with Todd Bialon (EZ Auto) (as presented); subject to City Attorney review