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HomeMy WebLinkAbout2025 - RESO 28 - Localworks LeaseCITY OF WHEAT RIDGE, COLORADO RESOLUTION NO. 28 SERIES OF 2025 TITLE: A RESOLUTION AUTHORIZING A BUILDING LEASE AGREEMENT BETWEEN THE CITY OF WHEAT RIDGE AND WHEAT RIDGE 202O, INC. D/B/A LOCALWORKS FOR 9110 WEST 44TH AVENUE WHEREAS, the City of Wheat Ridge owns property at 9110 West 44th Avenue in the City of Wheat Ridge; and WHEREAS, the City leased this property to Wheat Ridge 2020, Inc. on May 2, 2023, for a five-year term; and WHEREAS, Wheat Ridge 2020, Inc. uses the property as a makerspace for the benefit of the community; and WHEREAS, the Wheat Ridge City Council wishes to extend this Lease Agreement for ten years until May 12, 2025; and WHEREAS, this Lease Agreement supersedes and replaces in its entirety the prior lease agreement between the parties with respect to the Leased Premises. NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Wheat Ridge, Colorado: Section 1. The attached Lease Agreement (Exhibit 1) is hereby approved. Section 2. This Resolution shall be effective upon adoption. DONE AND RESOLVED this 12th day of May, 2025 Bud Starker, Mayor ATTEST: ______________________________ Margy Greer, Sr. Deputy City Clerk EXHIBIT 1 LEASE AGREEMENT