Title
Pertaining to a Lease Amendment and Termination for the Hillcrest Reservoir Property Lease with the City of Saint Paul.
Body
WHEREAS, the Board of Water Commissioners of the City of Saint Paul (“Board”) is the owner of certain real property located at 2115 Hoyt Avenue East, commonly referred to as the Hillcrest Reservoir site; and
WHEREAS, on September 15, 2021, the Board entered into a Lease Agreement with the City of Saint Paul (“City”) to allow the City’s Department of Parks and Recreation to construct, maintain, and operate recreational facilities on a portion of the property; and
WHEREAS, the Lease Agreement was for a term ending December 31, 2041, and included provisions allowing termination for cause; and
WHEREAS, the Board and the City now wish to amend the Lease Agreement to allow for mutual termination without cause and to proceed with termination of the Lease under the new provision; and
WHEREAS, the Saint Paul City Council, by Resolution No. 25-770, adopted on May 21, 2025, authorized the City to enter into the Lease Amendment and to terminate the Lease Agreement accordingly;
NOW, THEREFORE, BE IT RESOLVED, by the Board of Water Commissioners of the City of Saint Paul:
1. The Board hereby approves the Lease Amendment between the Board and the City of Saint Paul, allowing for mutual termination of the Lease Agreement dated September 15, 2021.
2. The Board authorizes its officers and the General Manager of Saint Paul Regional Water Services to execute the Lease Amendment and all documents necessary to effectuate the termination of the Lease.