Approve Pro Power Sports Lease Re-Assignment Agreement
 

Approve Pro Power Sports Lease Re-Assignment Agreement

The purpose of this case is to approve the attached "Reassignment Agreement" for the City's current lease with Todd Amar of Pro- Power Sports to Thomas Dehn of Mille Lacs Motorsports II.

For background information on the request, and Thomas Dehn, please see attached request letter.  Tom Dehn is purchasing Pro-Power Sports; and will become the new owner/ operator.

For background in formation on this lease, please reference the attached leases, lease amendments, and lease maps.  In summary, the City began leasing space to Pro-Power Sports in 2014.  Their lease has been amended three times.  Generally, Pro-Power Sports has been a good tenant, and has paid on time. 

 

Staff doesn't have any concerns with this reassignment.  Staff would note, Tom Dehn has verbally proposed to "clean up" the property, make some "exterior improvements," and intends to get rid of the "crate walls."  Tom Dehn mentioned, he may consider brining back boat sales to this location.  Mille Lacs Motorsports II, Inc. appears to be in good standing with the State of Minnesota (registration with the Secretary of State).

 

Motion to:
Approve the attached lease reassignment agreement for Mille Lacs Motorsports II, Inc.; subject to final review and amendments by the City Attorney.