HomeMy WebLinkAboutResolutions - No. 2007-248RESOLUTION NO. 2007-248
A RESOLUTION OF THE LODI CITY COUNCIL
AUTHORIZING THE CITY MANAGER TO ENTER INTO
AMENDMENT TO WORLD OF WONDERS SCIENCE
MUSEUM LEASE TO EXTEND COMMENCEMENT OF
RENT OBLIGATION
WHEREAS, the City Council approved a lease with the World of Wonders
Science Museum ("WOW) in February of 2007, requiring that tenant improvements be
completed by January 2008 and that the payment of rent commence on the same date:
and
WHEREAS, although WOW has achieved significant success in its fundraising
campaign, its efforts have been hampered by the current economy, and it has requested
a one-year extension for completion of the tenant improvements and commencement of
rent; and
WHEREAS, based upon this progress, staff feels comfortable that it will meet its
goals within the requested period and recommends that Council authorize the City
Managerto authorize the FirstAmendment to the lease on file in the City Clerk's office.
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby
authorize the City Manager to enter into a First Amendment to the WOW Museum
Lease to extend the commencement of the rent obligation and the completion of tenant
improvements.
Dated: December 19,2007
I hereby certify that Resolution No. 2007-248 was passed and adopted by the
City Council of the City of Lodi in a regular meeting held December 19, 2007, by the
following vote:
AYES: COUNCIL MEMBERS— Hansen, Johnson, Katzakian, and
Mayor Mounce
NOES: COUNCIL MEMBERS—None
ABSENT: COUNCIL MEMBERS— Hitchcock
ABSTAIN: COUNCIL MEMBERS— None
Nil �JOHL
City Clerk
2007-248