Title
RESOLUTION AUTHORIZING LEASE AGREEMENT WITH LITTLE RED WAGON POPCORN LLC FOR THE LEASE OF SPACE IN THE LIGHTHOUSE LOT FOR OPERATION OF A VENDING BUSINESS
Body
RESOLVED, by the Duluth Economic Development Authority ("DEDA") that the proper DEDA officials are hereby authorized to enter into a Vending Service Lease Agreement, substantially in the form of that attached hereto as Exhibit A, with Little Red Popcorn Wagon, LLC for the lease of space in the Lighthouse Lot in Canal Park for the operation of Lessee’s vending business for rental of 10% of gross sales, payable to Fund 866.
Statement of Purpose
STATEMENT OF PURPOSE: The purpose of this resolution is to authorize the execution of a lease for the continued operation of the Red Wagon Popcorn business in the Lighthouse Lot in Canal Park. This business has been operating in this location under a lease from DEDA for many years from at least May to September; they pay DEDA a percentage of gross sales. This resolution would authorize their continued operation through 2025.