City Council
259 N. Wilma Avenue
Ripon, CA 95366
MEMO
To: Honorable City Council
From: Kevin Werner, City Administrator
Date: 12/13/2022
Subject: Assignment and Assumption Agreement - Natural Path RECOMMENDED ACTION:
Consent to the Assignment and Assumption Agreement allowing Holistic Synergy, LLC to assume the lease of 303 and 307 W. Main Street (Natural Path Wellness Center) and authorize the Mayor to sign the acknowledgement and acceptance by the City.
BACKGROUND:
The City of Ripon owns the buildings located at 303 and 307 W. Main Street and currently leases the properties to Natural Path Wellness. The original lease for 303 W. Main Street was signed in 2012 and amended in March 2017 to assume the building located at 307 W. Main Street and amended again in December 2018 to provide for façade improvements that were needed. The current lease expires on August 31, 2023.
DISCUSSION:
Jennifer Komatsu, the Owner of Natural Path Wellness Center, LLC, has requested the City of Ripon consent to assign the lease to Holistic Synergy, LLC, which is owned by Belinda Williamson. The terms of the original lease and amendments would be conveyed to the new lessee the lease is being assigned and would be effective as of December 15, 2022.
The new lessee is planning to continue operating the Natural Path Wellness Center and is in the process of completing all necessary permits required by the Ripon Municipal Code.
FISCAL IMPACT:
There is no fiscal impact.
Attachments:
1. Assignment and Assumption of 303 and 307 Main St Lease