HomeMy WebLinkAboutA017 - Lease Agreement with Iowa State University - will not be signed ITEM # 34d
Date: 08-13-19
COUNCIL ACTION FORM
SUBJECT: LEASE AGREEMENT BETWEEN IOWA STATE UNIVERSITY AND
CITY OF AMES FOR HEALTHY LIFE CENTER SITE AT ONTARIO AND
SCHOLL ROAD
BACKGROUND:
City staff has been working to finalize a lease agreement prior to the September 10tn
bond referendum for the Healthy Life Center site situated on University property west of
Scholl Road and north of Ontario Road. Attached for the City Council's review and
approval is a long-term lease for this approximately 9.5-acre site.
The major provisions of this proposed lease are highlighted below:
• The lease will commence of October 1, 2019 and continue for 53 years unless
terminated earlier by mutual consent or in accordance with other provision of the
agreement. (Paragraphs 2, 15, 16)
• While there will be no lease payments owed the University for use of the land for
the Healthy Life Center, the City will be obligated to pay the University up to
$75,000 should the City decide that the University's existing directional sign on
the leased property at the corner of Scholl Road and Ontario Road be relocated.
(Paragraph 3)
• The City will be required to construct the Healthy Life Center along with the
accessory components, install any entryway improvements to the site, maintain
the site, and develop storm water management systems to handle the new
improvements on the site. (Paragraph 3)
• The City will be allowed to use the site only for programs and activities that
support the mission of the Healthy Life Center. (Paragraph 4)
• The City will need approval of the University for the site, utility, and circulation
infrastructure plans of the Healthy Life Center before proceeding with the initial
construction. (Paragraph 5)
• After the initial construction, the City is allowed to proceed without approval from
ISU for 1) additional improvements previously approved in the site plan, 2)
modifications of an existing improvement, provided the footprint of the
I
improvement is not altered, and 3) landscaping improvements on the site.
(Paragraph 6)
• The University emphasizes that it is the responsibility of the City to determine
whether or not the site is suitable for the construction and operation of the
Healthy Life Center and that no environmental studies have been performed on
the site. (Paragraphs 8 &14)
• The City is required to hold the University harmless and indemnify it against any
loss or liability arising out of the City's use of the property. (Paragraph 10)
• The City will be responsible to pay any property taxes, assessments, and utility
fees charged during the period the City leases the site. (Paragraphs 13 & 7)
• At the end of the lease agreement, the City will be responsible to remove all
facilities, equipment, and personal property from the site. The parties will meet
and agree on a reasonable schedule to restore the site to open space. However,
if the University denies a request from the City to extend the lease anytime
between the period beginning three years prior and ending no later than one year
prior to the end of the 53-year lease (or any previously agreed to ending date),
the obligation to remove the City's property will be based on mutually satisfactory
terms of the parties. (Paragraph 14)
• The University may terminate the lease agreement if 1) the City does not begin
construction of the HLC within three years from the commencement of the
agreement, 2) the City uses the site for purposes not related to the mission of the
Healthy Life Center, or 3) the City breaches a material term of the lease
agreement. (Paragraph 15)
• The City may terminate the lease agreement if 1) the September 10, 2019 bond
referendum fails, or 2) existing environmental hazards are discovered on site.
(Paragraph 16)
• The City can sublease space within the Healthy Life Center for uses consistent
the mission of the Healthy Life Center (Paragraph 17)
ALTERNATIVES:
1. The City Council can approve the attached lease agreement with the City and
Iowa Board of Regents acting on behalf of Iowa State University.
2. The City Council can approve the attached lease agreement with the City and the
Iowa Board of Regents, acting on behalf of Iowa State University, with
modifications suggested by the City Council.
2
1
The attached agreement was approved by the Board of Regents at their August
111 meeting. Therefore, there is no guarantee that the Board would be amenable
to modifying the attached agreement at this time.
3. The City Council can reject approval of the attached lease agreement and direct
staff to identify another site to host the Healthy Life Center.
4. The City Council can delay making a final decision regarding the proposed lease
agreement until the results of the September 10, 2019 bond election are known.
CITY MANAGER'S RECOMMENDED ACTION:
Rather than wait until the results of the September 10th bond election are known to
begin negotiations with the University to lease their property for the Healthy Life Center
site, the staff has been working to finalize the attached agreement to avoid any delays
in starting construction should the referendum pass.
Therefore, it is the recommendation of the City Manager that the City Council support
Alternative #1 and approve the attached lease agreement between the City and Iowa
Board of Regents acting on behalf of Iowa State University.
3
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DO NOT WRITE IN THE SPACE ABOVE THIS LINE,RESERVED FOR
RECORDER
Prepared by:Mark O.Lambert,City of Ames Legal Department,515 Clark Ave.,Ames,IA 50010;(515)239-5146
Return document to:Ames City Clerk 515 Clark Ave Ames IA 50010
LEASE AGREEMENT
BOARD OF REGENTS, STATE OF IOWA
ACTING FOR IOWA STATE UNIVERSITY OF
SCIENCE AND
TECHNOLOGY TO THE
CITY OF AMES
(Healthy Life Center)
THIS LEASE AGREEMENT made this day of 32019,
between the City of Ames, Iowa,hereinafter called "City", and the Board of Regents, State
of Iowa acting for and on behalf of Iowa State University of Science and Technology,
hereinafter called "University",
WITNESSETH:
1. The University hereby agrees to lease to the City for use as a public facility known as
the Healthy Life Center the following described site situated in Story County, Iowa ("Leased
Site"):
LEGAL DESCRIPTION ATTACHED AS EXHIBIT A
2. The term of this Lease Agreement shall be fifty-three (53) years, commencing on the 1"
day of October, 2019, and ending at midnight on the 30th day of September, 2072, unless
earlier terminated by mutual agreement of the parties or as set forth in Paragraph 15 of
this Lease Agreement. In recognition that the City might want to make additional
improvements on the Leased Site in the future that will require additional time to
depreciate, it is agreed that the City may request, and the University may grant with the
approval of the Board of Regents,extensions to this Lease Agreement term at any time.
3. There shall be no money payments due or owing the University under this Lease
Agreement. The full, complete, and satisfactory consideration for this Lease Agreement
shall be the following obligations, which shall be performed by the City at no cost to the
University:
a. Construct on the Leased Site the Healthy Life Center building, along with the
accessory components such as,but not limited to,the outdoor playground,parking
lot,community gardens, sidewalks, bike/shared use path(s) etc., that make the life-
long goal of healthy living accessible and enjoyable to people of all ages and socio-
economic status;
b. As determined necessary by the City for access to the Leased Site, install the
entryway improvements which may include, but are not limited to, traffic
control devices and turning lanes along Ontario Street;
c. Maintain the Leased Site; and
d. Develop storm water management systems in accordance with applicable City codes.
If the City determines that the University directional signage currently located on the Leased Site
needs to be relocated, the City shall reimburse the University for the cost of relocation up to
$75,000. The University shall invoice the City for the relocation costs, and the City shall
reimburse the University within 60 days.
4. The City shall use the Leased Site for programs and activities that support the goal of the
Healthy Life Center as stated in Paragraph 3(a). The City will own and manage the Healthy
Life Center.
5. The City is authorized to make all of the improvements on the Leased Site that have
been included in the September 10, 2019, bond referendum, as generally shown on the
conceptual plan attached as Exhibit B. The City shall submit its site, utility and circulation
infrastructure (sidewalk and multi-use trail)plans for the improvements to the University for
approval, which shall not be unreasonably withheld. All construction shall be in conformance
with such approved plans.
6. Following the completion of the initial construction project as described in Paragraph 5,
the City may also construct on the Leased Site additional permanent buildings and other
improvements that are consistent with purposes set forth in Paragraph 3(a) of this Lease
Agreement after obtaining the University's approval; provided, however, that no prior
approval shall be required for: (i)the construction of any improvement depicted in Exhibit B;
(ii) any modification of an existing improvement provided the footprint of the improvement
remains as depicted in Exhibit B; or (iii) landscaping. If new site, utility or circulation
infrastructure (sidewalk and multi-use trail) plans are developed for the new improvements,
the City shall submit the plans to the University for approval, which shall not be unreasonably
withheld. All construction shall be in conformance with such approved plans.
7. The City may grade the Leased Site and install on the Leased Site utilities necessary
for the development of the Healthy Life Center building, outdoor gardens, parking lot,
playground, storm water facilities, or other related purposes. The City shall pay for all utility
services furnished to the Leased Site that serves the City's programs and buildings.
8. The University makes no representations or warranties regarding the Leased Site. The City
is responsible for determining whether the Leased Site is suitable for the construction and
operation of the Healthy Life Center and the programs and activities on the Leased Site.
9. The City, after taking possession of the Leased Site and until the termination of this
Lease Agreement, shall care for and maintain the Leased Site in a reasonably safe and
serviceable condition consistent with other City facilities. The City shall also remove snow,
mow grass, remove weeds, prune and care for trees, bushes and other vegetation, and provide
any needed similar landscaping services on any property between the east boundary of the
Leased Site and the western edge of Scholl Road and between the south boundary of the
Leased Site and northern edge of Ontario Street. The City will not knowingly permit or
allow the Leased Site to be damaged or depreciated in value by any dumping of refuse,
discharge of hazardous waste or any act of the City, its agents or employees. The City shall do
what is reasonably necessary to control soil erosion resulting from the City's use of the Leased
Site, including maintenance and preservation of existing watercourses and waterways. The
City shall comply with all applicable laws, regulations, and ordinances, including but not
limited to those pertaining to accessibility by persons with disabilities. The City shall pay
or cause to be paid all costs for work done by it or caused to be done by it on the Leased Site,
and the City will keep the Leased Site free and clear of all mechanics' liens or claims
relating to the City's public improvements and other liens on account of work done for the
City. The City shall be primarily responsible for providing emergency services on the
Leased Site. However, nothing herein shall contravene any existing or future 28E Agreements
between the parties.
10. The City does hereby covenant and agree to indemnify and hold harmless the University, its
officers and employees, against any loss or liability whatsoever, including reasonable
attorney's fees, pertaining to any and all claims by any and all persons, resulting from or
arising out of the City's construction, location, operation and maintenance of the Leased Site.
11. The University reserves the right to access the Leased Site to install and maintain on the Leased
Site utility conduit, pipelines and similar items to supply utilities to property owned or
controlled by the University. The University shall perform the installation and maintenance in a
manner reasonably calculated to minimize interference with the programs and activities on the
Leased Site and shall, at its expense, restore to its prior condition any portion of the Leased
Site, including any City improvement on the Leased Site, disrupted or damaged by the
University's work. The University reserves the right to enter the Leased Site and the
improvements during regular business hours for purposes of conducting periodic inspections of
the Leased Site, provided such inspections shall be subject to the terms of, and shall not
interfere with, the rights of the City under this Lease Agreement.
12. The University may continue to use the Leased Site for agricultural purposes at no-charge until
the City commences construction. During such time, the University shall own any crops grown
on the Leased Site and revenues from the sale of the crops. The City shall notify the University
when the City desires to begin construction on the Leased Site. The City shall provide such
notice by no later than December 1 St of the year preceding the calendar year during which
construction is to commence.
13. The Parties anticipate that there will be no real estate taxes or assessments assessed against the
Leased Site or the City's improvements. Should taxes or assessments be assessed for the period
during which the City has leased the Leased Site, the City shall be responsible for the payment
of such taxes or assessments.
14. At the end of the term of Lease Agreement, the City will remove all facilities, equipment,
improvements, and personal property ("City's Property") from the Leased Site and return the
Leased Site to a safe, open space, unless otherwise agreed to in writing by the Parties. The
Parties agree to meet and determine a reasonable schedule for the removal of City's Property and
return of the Leased Site to open space. However, if the City makes a request in writing to
extend the term of the Lease Agreement for purposes consistent with Paragraph 3(a), and such
request is made in the period beginning three years prior and ending no later than one year
prior to the end of the fifty-three year term of the Lease Agreement (or any mutually agreed
modification of the term), and the University denies the request, then the obligation to remove
City's Property will be based on mutually satisfactory terms agreed to by the Parties in
writing.
Both Parties acknowledge that no environmental study has been performed on the Leased Site
prior to entering into this agreement to determine if any hazardous materials exist on the
Leased Site prior to the City taking possession of it. However, upon termination of the lease
the City agrees to remove any hazardous materials that are deposited as a result of City
sponsored activities on the Leased Site during the term of the agreement.
15. This Lease Agreement is granted and all rights hereunder shall endure except that if one or
more of the following events occurs the University may terminate the Lease Agreement
following the procedures indicated in this Paragraph:
a. The City fails to begin construction of the improvements described in Paragraph
5 within three years from the commencement of this Lease Agreement.
b. The City uses the Leased Site for purposes other than stated in Paragraph 3(a).
c. The City breaches a material term of this Lease Agreement and such breach is
serious and goes to the essence of the transaction. A breach is serious and goes to
the essence of the transaction only in the following cases:
i. The City has breached a term of this Lease Agreement and such breach
has caused or is reasonably expected to cause damages in excess of
$500,000, such amount to be adjusted annually each September 1 for
inflation using the Department of Labor's Consumer Price Index-Urban
[CPI-U, All Items, All City Average, 1982-84=100] issued in the
preceding month;
ii. The City has repeatedly breached a material term of this Lease
Agreement within any two-year period, or the City has engaged in a
pattern of material breaches of the Lease Agreement; provided,
however, this clause shall apply only where the City's breaches
indicate deliberate indifference to the terms of this Lease Agreement.
For termination pursuant to Subparagraph 15(a), the University shall give at least 60 days
advance written notice, and termination shall be automatic at the end of the 60 day notice
period. For termination pursuant to Subparagraphs 15(b) and 15(c), the University shall
notify the City in writing of its intent to terminate and the nature of event or breach the
University believes has occurred and shall provide the City with a reasonable period
commensurate with the nature of the event or breach to cure such event or breach. If the City
fails to cure such event or breach by the end of the cure period, the University shall give at
least 30 days advance written notice, and termination shall be automatic at the end of the 30
day notice period. Prior to the expiration of the 30-day notice period, the City may appeal to the
Board of Regents in accordance with the Board Policy Manual to contest whether the event or
breach occurred, whether the University provided a reasonable cure period, or whether the City
cured the event or breach. If the City files an appeal, the Lease Agreement shall not be
terminated while the appeal is pending. The foregoing shall in no way affect or impair the
right of either party to pursue any other legal or equitable remedy to which either party maybe
entitled. In the event of termination of the lease under this Paragraph 15, the City shall retain
ownership of the Healthy Life Center building and accessory facilities and equipment but
shall be obligated to remove them from the Leased Site as set forth in Paragraph 14.
16. The City may terminate this Lease Agreement upon written notice to the University if the
September 10, 2019 bond referendum fails to secure enough votes to pass, or if existing
environmental hazards are discovered to be present at the Leased Site.
17. This Lease Agreement may not be assigned or the Leased Site subleased by the City without the
advance, written consent of the University and approval of the Board of Regents. The foregoing
shall not prohibit the City from subletting a portion of the Healthy Life Building or the
Leased Site so long as the City requires its subleasee to use it for purposes consistent
with this Lease Agreement. This Lease Agreement may not be assigned by the University
without the advance, written consent of the City.
18. All notices under this Lease Agreement shall be in writing and shall be deemed to have been
given: (i) upon hand delivery or (ii) the next business day after sending by a nationally recognized
overnight carrier with written confirmation of receipt. The Parties shall deliver notices to the
following:
If to University:
Senior Vice President for Operations and Finance
Iowa State University
1350 Beardshear Hall
515 Morrill Road
Ames, Iowa 50011
And
University Counsel
Iowa State University
3550 Beardshear Hall
515 Morrill Road
Ames, Iowa 50011
If to City:
City Manager
City of Ames
515 Clark Avenue
Ames, Iowa 50010
And
City Attorney
City of Ames
515 Clark Avenue
Ames, Iowa 50010
19. This Lease Agreement constitutes the entire agreement between the parties with respect to the
subject matter of this Lease Agreement and supersedes all prior agreements, whether written, oral,
or implied. This Lease Agreement shall not be modified without the written mutual consent of the
parties. The failure of either party to require performance of any term or condition of this Lease
Agreement by the other party shall not constitute a waiver to subsequently enforce such term or
condition. The invalidity or illegality of one or more provisions of this Lease Agreement shall not
affect the enforceability of the remaining provisions. The parties' rights and obligations in this
Lease Agreement that,by their nature, would continue beyond the termination of this Lease
Agreement shall survive such termination.
Signature Page follows on next page
CIT O AME , IqW
.
John Haila, Mayor /
Attest' VUJI Diane R. Voss, City Clerk
State of Iowa )
County of Story )
This record was acknowledged before me on SQ�p f Jam, 2019 by John Haila as Mayor of the
City of Ames, Iowa.
v ` Ews.
AMY L. COLWELL
T Commission Number 812138
Notary lic in and for Said CountyMy mm ssi n ExPi
res
My Commission expires: �--l 3-�--�
IOWA STATE UNIVERSITY OF SCIENCE AND TECHNOLOGY
By:
Pamela Elliott Cain, Interim Senior Vice President for
Operations and Finance
State of Iowa )
County of Story )
This record was acknowledged before me on , 2019 by Pamela Elliott
Cain as Interim Senior Vice President for Operations and Finance of Iowa State University of
Science and Technology.
Notary Public in and for Said County
My Commission expires:
BOARD OF REGENTS, STATE OF IOWA
By:
Mark Braun, Executive
Director
This record was acknowledged before me on , 2019 by Mark Braun as
Executive Director of the Board of Regents, State of Iowa.
Notary Public in and for Said County
My Commission expires:
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Fw: Healthy Life Center Lease Agreement - Updated Version for Review and
i° Comment
Mark Lambert to: Diane R Voss 09/04/2019 04:31 PM
Diane,
Here's the final version (clean version on the right). Just tried to print it and my printer jammed!
Mark
A&- CITY OF
H I Iles
Mark O. Lambert
City Attorney
515.239.5146 grain I 515.239.5142 fax
mlambert@city.ames.ia.us I City Hall, 515 Clark Avenue I Ames, IA 50010
www.CityofAmes.org I —Caring People—Quality Programs—Exceptional Service
-----Forwarded by Mark Lambert/COA on 09/04/2019 04:30 PM-----
From: "DeAngelo, Paula [U CSL]"<deangelo@iastate.edu>
To: "Steve Schainker"<SSchainker@city.ames.ia.us>
Cc: "Cain, Pam E"<pelliott@iastate.edu>, "Brown, Catherine S [FPM]"<csbrown@iastate.edu>,
"sschainker@cityofames.org"<sschainker@cityofames.org>, "Mark Lambert"
<mlambert@city.ames.ia.us>,"Keith A Abraham"<KAbraham@city.ames.ia.us>
Date: 07/29/2019 03:33 PM
Subject: RE: Healthy Life Center Lease Agreement-Updated Version for Review and Comment
All,
The Assistant Attorney General decided that it would be best to simply remove the language he had
previously suggested that contained the prohibition on using the site for agricultural purposes. I have
updated the agreement to remove that sentence; redlined and clean versions are attached.
I believe we have now reached agreement on all open issues. I would ask that everyone give this one
last review and let me know if there are any further revisions.
Regards,
Paula
Paula K. DeAngelo
Deputy Counsel
Iowa State University
3550 Beardshear Hall
Ames, Iowa 50011-2103
515-294-5352
deangelo@iastate.edu
From: DeAngelo, Paula [U CSL]
Sent: Monday,July 29, 2019 12:58 PM
To: Steve Schainker<SSchainker@city.ames.ia.us>
Cc: Cain, Pam E <pelliott@iastate.edu>; Brown, Catherine S [FPM] <csbrown@iastate.edu>;
sschainker@cityofames.org; Mark Lambert<mlambert@city.ames.ia.us>; Keith A Abraham
<KAbraham@city.ames.ia.us>
Subject: RE: Healthy Life Center Lease Agreement - Updated Version for Review and Comment
Steve,
Thank you for your email. I have passed along your requested language to the Assistant Attorney
General for approval.
Paula
From: Steve Schainker<SSchainker@city.ames.ia.us>
Sent: Monday,July 29, 2019 10:59 AM
To: DeAngelo, Paula [U CSL] <deangelo@iastate.edu>
Cc: Cain, Pam E <pelliott@iastate.edu>; Brown, Catherine S [FPM] <csbrown@iastate.edu>;
sschainker@citvofames.org; Mark Lambert<mlambert@city.ames.ia.us>; Keith A Abraham <
KAbraham@city.ames.ia.us>
Subject: RE: Healthy Life Center Lease Agreement - Updated Version for Review and Comment
Paula:
Once again, I believe you have captured our Friday discussion in the changes made to this
latest version of the proposed lease agreement. The one matter I do have some problem
with is Paragraph 4 which does not allow the City to use the leased site for "agricultural
purposes." In the spirit of transparency, it is important to understand that a major
component of the Healthy Life Center is the community gardens. In this small plot of land
we will teach our community members how to grow certain vegetables that will be used in
our HLC kitchen to create healthy dishes to eat.
While I understand the AG's recommendation regarding this issue, I was wondering if the
language could read, ,The City shall use the Leased Site for programs and activities that
support the goal of the Healthy Life Center as stated in Paragraph 3(a). Except for the
community gardens which will comprise less than 1 acre, the City may not use the Leased
Site for agricultural purposes.[PKDil_The City will own and manage the Healthy Life Center."
I believe the community gardens will be an integral part of the Healthy Life Center's mission
and, therefore, would not want to eliminate it from our site. If this doesn't satisfy the AG,
perhaps there is other wording that might. The use of this land is not contemplated for the
typical large scale agricultural production purposes.
1
Steve
CITY OF
Pmes ,
Steven L. Schainker
City Manager
515.239.5101 main 1515.239.5142.fax
sschainker@city.ames.ia.us I City Hall, 515 Clark Avenue Ames, IA 50010
Caring People— Quality Programs— Exceptional Service
-----"DeAngelo, Paula [U CSL]" <deangelo(@iastate.edu> wrote: -----
To: "Steve Schainker" <SSchainker(d)city.ames.ia.us>
From: "DeAngelo, Paula [U CSL]" <deangelo(@iastate.edu>
Date: 07/26/2019 03:50PM
Cc: "Cain, Pam E" <pelliott(@iastate.edu>, "Brown, Catherine S [FPM]" <
csbrown@iastate.edu>, "sschainkerCabcityofames.org" <sschainkerCabcityofames.org>, "Mark
Lambert" <mlambert(d)city.ames.ia.us>, "Keith A Abraham" <KAbraham(d)city.ames.ia.us>
Subject: RE: Healthy Life Center Lease Agreement - Updated Version for Review and
Comment
Hi Steve,
Thank you for the telephone call earlier today. Attached is a revised version of the lease
with the edits we discussed. They include the revisions you requested and the ones
requested by the attorney from the Attorney General's office. The revisions are tracked with
the exception of the changes to the signature page.
I would appreciate it if you could review and let me know whether the City has any further
changes.
Thanks again,
Paula
Paula K. DeAngelo
Deputy Counsel
Iowa State University
3550 Beardshear Hall
Ames, Iowa 50011-2103
515-294-5352
deangelo(a)-iastate.edu
From: Steve Schainker <SSchainker(abcity.ames.ia.us>
Sent: Thursday, July 25, 2019 6:26 PM
To: DeAngelo, Paula [U CSL] <deangelo(a)iastate.edu>
Cc: Cain, Pam E <pelliott(a)iastate.edu>; Brown, Catherine S [FPM] <csbrown(d)iastate.edu
>; sschainker(cbcityofames.org; Mark Lambert <mlambert(a)city.ames.ia.us>; Keith A
Abraham <KAbraham(abcity.ames.ia.us>
Subject: Re: Healthy Life Center Lease Agreement - Updated Version for Review and
Comment
Paula:
Thank you! You did an excellent job capturing our recent discussion regarding the HLC
lease agreement with ISU. I would like to talk to you about Paragraphs 6, 12, and 13 which
I believe need further clarification. Are you available to talk if I call you at 1:30 tomorrow?
Steve
_117 O
lel% S
Steven L. Schainker
City Manager
515.239.5101 main 1515.239.5142,fax
sschainker@city.ames.ia.usl City Hall, 515 Clark Avenue I Ames, IA 50010
N Caring People N Quality Programs N Exceptional Service N
-----"DeAngelo, Paula [U CSL]" <deangelo(a iastate.edu> wrote: -----
To: "Cain, Pam E" <pelliott(a)iastate.edu>, "Brown, Catherine S [FPM]" <
csbrown@iastate.edu>, "sschainker(abcityofames.org" <sschainker(a)cityofames.org>, "Mark
Lambert" <m►ambert(a)city.ames.ia.us>
From: "DeAngelo, Paula [U CSL]" <deangelo(a)iastate.edu>
Date: 07/24/2019 03:50PM
Subject: Healthy Life Center Lease Agreement - Updated Version for Review and Comment
Al I,
Thanks for the helpful conversation earlier today. I have updated the agreement to reflect
the terms we discussed.
I welcome any feedback that you may have. It would be helpful if you could provide it by
close of business Friday in order for us to finalize the agreement and submit it to the Board
of Regents office for its review prior to the August 1s' meeting.
Paula K. DeAngelo
Deputy Counsel
Iowa State University
3550 Beardshear Hall
Ames, Iowa 50011-2103
515-294-5352
deangelo(a)iastate.edu
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