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IV.11. Execution of a Termination of Lease Agreement with the Hopkins Historical Society for property located at 907 Mainstreet; Imihy CITY OF HOPKINS City Council Report 2025-113 To: Honorable Mayor and Council Members Mike Mornson, City Manager From: Laila Imihy, AICP – Special Projects and Initiatives Manager Date: July 15, 2025 Subject: Termination of Lease Agreement for 907 Mainstreet _____________________________________________________________________ RECOMMENDED ACTION MOTION TO execute a termination of lease agreement with the Hopkins Historical Society for the property located at 907 Mainstreet, Hopkins MN 55343 OVERVIEW On April 1, 2025, the City of Hopkins and the Hopkins Historical Society (HHS) entered into a Memorandum of Understanding which outlined agreed upon terms for the HHS’ exit of the property at 907 Mainstreet, which has been leased to them by the City since 2015. Within that MOU, both parties agreed to terminate the HHS ’ lease of the property, effective December 31, 2025, through a formal termination of lease agreement. Tonight, staff requests the council sign the attached termination of lease. SUPPORTING INFORMATION • Termination of Lease Agreement Administration 1 TERMINATION OF LEASE AGREEMENT THIS TERMINATION OF LEASE AGREEMENT (this “Agreement”) is made and entered into effective as of this 15 day of July 2025, by and between the City of Hopkins, a Minnesota municipal corporation (the “Landlord”) and the Hopkins Historical Society, a Minnesota nonprofit corporation and 501(c)(3) organization dedicated to preserving the objects, documents, and narratives related to the history of Hopkins, Minnesota (the “Tenant”). RECITALS: WHEREAS, the Landlord and Tenant entered into a Lease Agreement dated December 15, 2015 (the “Lease”) regarding 907 Mainstreet, Hopkins, MN 55343, as legally described on the attached Exhibit A (the “Property”), which expires on December 15, 2040; and WHEREAS, the Landlord and Tenant entered into a Memorandum of Understanding dated April 1, 2025 (the “MOU”) under which the parties documented the understanding of the parties as to the roles and responsibilities of each party following the termination of the Lease; and WHEREAS, pursuant to the MOU, the Landlord has agreed to lease space to Tenant at the Hopkins Activity Center at 33 14th Ave N, Hopkins, MN 55343, and WHEREAS the parties now desire to terminate the Lease; and NOW, THEREFORE, the parties agree as follows: 1. TERMINATION OF LEASE. The Lease shall terminate effective December 31, 2025. 2. NO RELEASE OF THE TENANT. Nothing contained herein shall release the Tenant from any obligations under the Lease accruing on or prior to 11:59 p.m. on December 31, 2025. 3. SURRENDER OF PROPERTY. The Tenant shall vacate, remove any items, and surrender the Property no later than December 31, 2025. The Tenant shall provide any keys in its possession to Landlord no later than December 31, 2025. A final walk through and conditions assessment shall be performed with representatives from both Tenant and Landlord to determine if all conditions of this Agreement and the Lease have been satisfied. 3 EXHIBIT A Legal Description of the Property Lots 11 and 12, Block 68, West Minneapolis, Second Division. EXCEPT that part of Lot 11, Block 68, West Minneapolis, Second Division lying East of a line through said Lot 11 described as follows: Commencing at a point in the North line of said Lot 11 distant 30.97 feet West of the Northeast corner, thence Southerly a distance of 105.09 feet to a point 25,88 feet West of the East line of said Lot 11, thence Southerly to a point in the South line of said Lot 11 distant 25.88 feet West of the Southeast corner of said Lot 11 and there ending. ALSO EXCEPT that part of Lot 12, Block 68, West Minneapolis, Second Division lying West of a line through said Lot 12, described as follows: Commencing at a point in the North line of Lot 12 20.91 feet East of the Northwest corner of Lot 12; thence Southerly a distance of 105.09 feet to a point 26.0 feet East of the West line of Lot 12; thence Southerly to a point in the South line of Lot 12, 26.0 feet East of the Southwest corner of said Lot 12 and there ending, Hennepin County, Minnesota. Abstract Property