04-0088R

RESOLUTION APPROVING DEDA RESOLUTION 04D-10 AUTHORIZING AN AMENDMENT TO LEASE AGREEMENT WITH TECH VILLAGE, L.L.C.

BY COUNCILOR GILBERT:

RESOLVED, that pursuant to the requirements of Resolution No. 02-0606, the Duluth economic development authority's (DEDA) amendment to lease agreement with Tech Village, L.L.C., to clarify the DEDA-leased space in the Tech Village and to provide a rebate of prepaid rent in the amount of $56,868.77, said funds to be deposited into DEDA Fund 0865, pursuant to DEDA Resolution No. 04D-10, a copy of which is on file in the office of the city clerk as Public Document No. _________, is hereby approved.


STATEMENT OF PURPOSE:  The purpose of this resolution is to approve the action of the DEDA board of commissioners pursuant to its Resolution 04D-10 as is required by Resolution 02-0606. The nature and purpose of the amendment together with the amount to be paid to DEDA are set forth in DEDA Resolution No. 04D-10 and its statement of purpose.