Approve Lease Agreement: RM Golf Carts

PURPOSE:
Approve the attached lease agreement with RM Golf Carts for use of city owned cold storage space located at 6745 Highway 10.

BACKGROUND:
RM Golf Cart's primary location is 7039 Hwy 10 (also a city owned property being leased).  RM Golf Carts has been leasing cold storage space at 6745 Highway 10 for two years.  Their lease at 6745 is set to expire this fall (2018).  RM Golf Carts would like to extend their lease at 6745 by three years. 

RM Golf Carts: http://www.rmgolfcarts.com/

The attached lease agreement is generally consistent with the city's other lease agreements and policy for leasing city owned property.  The attached lease agreement was drafted by the City Attorney and reviewed by the City's property management company--Permier Commercial Realty.  Specific notes below:

• Terms/ conditions and language has been updated to be consistent with recent lease agreements.
• Includes rent payments that are market rate.
• Maintenance responsibilities are clearly outlined.
• No political signage allowed.
• Early termination clause included.
• Per the City's agreement with Premier Commercial Realty, a commission payment will be made to Premier for this lease agreement.
• This lease agreement is being brought forward in conjunction with another lease agreement, for Power Lodge.  RM Golf Carts and Power Lodge worked together, as a group, with Premier Commercial Realty, to come up with this solution.  This Council agenda also contains a lease agreement for Power Lodge.

NA

Approve the attached lease agreement.

Motion to:
Approve the attached lease agreement with RM Golf Carts for use of city owned property for the purpose of indoor cold storage; subject to final review and amendments by the City Attorney.