Manhattan Free Press 8/5/2021 City Accepts Lower Mall Rent Payment

City Accepts Lower Mall Rent Payment

CITY COMMISSION AGENDA MEMO July 14, 2021
FROM: Jason Hilgers, Deputy City Manager
MEETING: July 20, 2021 SUBJECT: Manhattan Town Center – COVID Lease Payments
PRESENTER: Jason Hilgers, Deputy City Manager
BACKGROUND
The Ground Lease between the City and the Owner of Manhattan Town Center (MTC) contains the following provision: “Tenant shall have no responsibility or liability whatsoever for, and shall be excused from, the observance or performance of any covenant or obligation of Tenant hereunder to the extent that the same is
rendered impossible, impracticable or economically unfeasible, in whole or in part, by any act of God (including without limitation lightning, storm, flood, tornado or earthquake), fire, explosion,