Title
Approving and authorizing an extension of the Lease/Use Agreement between the City and Twin Cities Public Media Commons (Ward 2, District 17).
Body
WHEREAS, in 2014 the Minnesota Legislature approved a $9,000,000 grant for the Renovation of the Twin Cities Public Television Building in downtown Saint Paul ("Project"), by Chapter 294, Article 1, Section 21, Subd. 20 ("Grant");
WHEREAS, the City Council adopted RES PH 14-30 on October 15, 2014 and the City of Saint Paul (“City”) executed a Lease/Use Agreement (“Lease”) with Twin Cities Public Media Commons (“TC Media”); and
WHEREAS, the governmental program authorized by the Grant is a broadcasting studio, media center, office headquarters and related facilities for public television and for other media production, distribution and broadcasting activities, and related uses of the TCPT Building (“State Program”); and
WHEREAS, TC Media completed the Project and re-opened in the first quarter of 2016; and
WHEREAS, TC Media assigned the Lease to Twin Cities Public Television, Inc, (“TCPT”) under an Assignment dated April 3, 2024; and
WHEREAS, the Lease expires October 30, 2026 and City staff has reviewed the terms and conditions of a proposed First Amendment to the Lease (“Lease Amendment”) that extends the term of the Lease for an additional period of twelve (12) years;
WHEREAS, TCPT has provided satisfactory evidence to the City that the lessee has sufficient capacity to operate the “State Program” and perform its lease obligations for the renewal term;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Saint Paul:
1. that the City Council hereby approves the Lease Amendment based on evidence that the lessee has sufficient capacity to operate the “State Program” and perform its lease obligations for the renewal term; and
2. that the proper officials of the City are hereby authorized and directed to execute the Lease Amendment and any other related docume...
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