HomeMy WebLinkAboutResolutions - No. 2010-13RESOLUTION NO. 2010-13
A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING
THE CITY MANAGER TO ENTER INTO THIRD AMENDMENT
TO WORLD OF WONDERS SCIENCE MUSEUM LEASE
WHEREAS, the World of Wonders (WOW) Museum entered into an agreement with the
City Council on August 2, 2006, to develop the "shell' space located attached to the downtown
parking garage as an interactive science museum focused on children; and
WHEREAS, the WOW has engaged in a very successful campaign to raise funds and
has invested $550,000 in improvements, plus in-kind contributions. It has a collection of exhibits
via the Exploratorium and is open; and
WHEREAS, the museum is requesting more time to raise operating capital due to the
existing economy, which has effected fund raising efforts; and
WHEREAS, the Board of Directors of the WOW Science Museum has requested that
the City Council consider amending the current lease agreement as outlined below:
A) Extend the commencement of rent obligations by one year — $1,030.00 per
month to begin in February 2010; and
B) Freeze the indexing of rent increases for one year — The rent is to increase
annually by the Consumer Price Index or 2.5% whatever is larger.
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby
authorize the City Manager to enter into a Third Amendment to the WOW Museum Lease as
outlined above; and
BE IT FURTHER RESOLVED that this lease amendment is subject to approval by the
Federal Transit Administration.
Dated: February 3, 2010
hereby certify that Resolution No. 2010-13 was passed and adopted by the City
Council of the City of Lodi in a regular meeting held February 3, 2010, by the following vote:
AYES: COUNCIL MEMBERS— Hansen, Hitchcock, Johnson, Mounce, and
Mayor Katzakian
NOES: COUNCIL MEMBERS— None
ABSENT: COUNCIL MEMBERS— None
ABSTAIN: COUNCIL MEMBERS— Nom
I JOHL
City Clerk
2010-13