City Council Regular


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  Item Number 10.1.       
Meeting Date: 09/07/2021  
ITEM TITLE:    Eagle Center Leases and Agreements (Review for approval of leases)
Department: Administration  

PURPOSE:
ITEM SUMMARY:
The City of Wabasha and the Eagle Center first signed a development agreement together in October 2017 to commit to working on expansion of the Eagle Center (Wabasha Riverfront Revitalization Project). The $27 million project, which is planned over two phases, includes a major expansion of the Eagle Center and its facilities, a new ampitheater, improvements to Big Joe Alley, new dockage. Phase 1 of the project will cost just under $6 million. 

In May 2021, the City of Wabasha City Council approved a new, revised Development Agreement which further refined and formalized the relationship between the two organizations. The development agreement also committed the organizations to enter into leases to realize the project. The leases are between the City of Wabasha and the Eagle Center which formalize the relationship for the City of Wabasha, to accept State Bond Funds on behalf of the Eagle Center for the Wabasha Riverfront Revitalization Project. 
ACTION REQUIRED:
Review of the leases, answer questions, and potential action to approve the leases. 
Attachments
Resolution
Grant Agreement
Ground Lease for NEC and Wabasha Riverfront Revitalization Project
Lease and Use Agreement for the Main Facility
Lease and Use Agreement for Main Street Properties
Disbursing Agreement
Recognition, Non-Disturbance and Attornment Agreement
Development Agreement Approved May 2021


    

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