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HomeMy WebLinkAboutBoard of Regents-5/23/2011Governing Iowa's public universities and special schools University of Iowa Iowa State University University of Northern Iowa Iowa School for the Deaf Iowa Braille and Sight Saving School Lakeside Lab Regents Resource Center Quad -Cities Graduate Center Southwest Iowa Regents Resource Center Tri-State Graduate Center BOARD OF REGENTS STATE OF I0WA May 12, 2011 Noel Anderson Community Planning & Development Director City of Waterloo 715 Mulberry Street Waterloo, Iowa 50703 Re: Lease Renewal — 800 Sycamore Street (UNI -CUE) Dear Mr. Anderson: David W. Miles, President, Dallas Center Jack B. Evans, Pro Tem, Cedar Rapids Nicole C. Carroll, Carroll Robert N. Downer, Iowa City Ruth R. Harkin, Cumming Katie S. Mulholland, Marion Greta A. Johnson, Le Mars Craig A. Lang, Brooklyn Bruce L. Rastetter, Hubbard Robert Donley, Executive Director NIERLO The Board of Regents, State of Iowa (BOR) desires to renew the lease at 800 Sycamore Street, Waterloo, Iowa. The lease is for the use and benefit of the University of Northern Iowa. Currently, the University of Northern Iowa Center for Urban Education (UNI -CUE) is using and occupying the property. The lease was signed in 2001, and the initial term is August 21, 2001 through August 20, 2011. Pursuant to Paragraph 25, the BOR is hereby providing its written intent to renew the lease for the first of two possible five (5) year extensions. As a result, the term of the lease shall extend from August 21, 2011 through August 20, 2016. The remainder of the terms and conditions of the lease shall remain in effect, including the rental amount and the option to renew for an additional extension period of five years. Please acknowledge your understanding, acknowledgement, and acceptance of this action to renew/extend the lease by signing and returning a copy of this letter at your earliest convenience. We have appreciated our relationship with you and others with the City of Waterloo, and look forward to continued cooperation and mutual benefit from this lease arrangement. Should you have any questions regarding this matter, please do not hesitate to contact this office. Sincerely: Robert Donley Executive Director cc: Tim McKenna 11260 Aurora Avenue • Urbandale, Iowa 50322-7905 • Phone 515-281-3934 • Fax 515-281-6420 www.regents.iowa.gov ACKNOWLEDGEMENT and ACCEPTANCE Kgs4- 6- eflou-L Signature Print Name Position title l) 9IIj Date i B