Title
A RESOLUTION AMENDING RESOLUTION NO. 17-178 TO AUTHORIZE THE CITY MANAGER TO ENTER INTO A PARTIAL RENT REIMBURSEMENT AGREEMENT WITH PASCO, INC. RELATED TO THE PURCHASE OF REAL PROPERTY LOCATED AT 1140 TEREX ROAD (PERMANENT TAX PARCEL NO. 30-06939) IN THE CITY OF HUDSON; AND DECLARING AN EMERGENCY.
Executive Summary: This Resolution authorizes a partial rent reimbursement agreement with PASCO for the company’s new location on Hudson Industrial Parkway.
Body
Legislative History
Resolution No. 17-178 - Authorized the City Manager to enter into a Purchase Agreement and related partial rent reimbursement agreement with PASCO, Inc. and authorized the City Manager to advertise for competitive bids for the purpose of retrofitting the PASCO building for City use; passed November 14, 2017.
Purpose & Explanation
This Resolution authorizes a partial rent reimbursement agreement with PASCO for the company’s new location on Hudson Industrial Parkway.
Timing Considerations
This Resolution will be effective immediately upon passage.
Fiscal Impact
Currently Budgeted
X Supplemental Appropriation Required (A Bond/Note will be issued.)
Appropriation Not Required.
Recommendation
Suggested Action
Staff recommends passage of this Resolution.
Submitted by,
Jane Howington, City Manager
Frank Comeriato. Asst. City Manager - Operations
Jeff Knoblauch, Asst. City Manager - Finance Director
Thomas Sheridan, Asst. City Manager - Professional Services