Madison, WI Header
File #: 09558    Version: 1 Name: Robert Weichmann Lease
Type: Resolution Status: Passed
File created: 3/11/2008 In control: PLAN COMMISSION
On agenda: 4/8/2008 Final action: 4/8/2008
Enactment date: 4/11/2008 Enactment #: RES-08-00396
Title: Authorizing the Mayor and City Clerk to execute a lease with Robert Weichmann for approximately 37 acres of City-owned land within Interstate Commerce Park, located north of Hoepker Road and west of Interstate 90-94.
Sponsors: Joseph R. Clausius
Attachments: 1. 8146 Exhibit.pdf
Fiscal Note
The lease will provide revenues of $3,885 in 2008, credited to the City's General Fund, with the possibility of annual lease revenues for a period thereafter, depending on subesquent lease approvals.
Title
Authorizing the Mayor and City Clerk to execute a lease with Robert Weichmann for approximately 37 acres of City-owned land within Interstate Commerce Park, located north of Hoepker Road and west of Interstate 90-94.
Body
WHEREAS, the City of Madison owns approximately 40 acres of land in Interstate Commerce Park, located north of Hoepker Road and west of Interstate 90-94, which was acquired for future industrial park purposes; and
 
WHEREAS, Robert Weichmann is interested in farming approximately 37 acres under a lease agreement with the City of Madison; and
 
WHEREAS, the terms of a lease have been negotiated between Robert Weichmann and the Real Estate Section.
 
NOW THEREFORE BE IT RESOLVED, that the Mayor and City Clerk are authorized to execute a lease with Robert Weichmann ("Lessee") allowing for the use of an approximately 37-acre tract of land (the "Leased Premises"), as described below, for farming purposes, subject to the following terms and conditions:
  1. The initial term of the lease shall commence as of January 1, 2008 and expire of December 31, 2008.
  3. The lease may be renewed for subsequent one-year terms upon the agreement of the parties.
  5. The Lessee shall pay the City of Madison ("City") $105 per tillable acre, for an estimated annual payment of $3,885, for the farming season ending December 31, 2008. The Lessee shall, at the time of planting, field verify for the City the actual tillable acreage and rent shall be calculated based on such verified amount.
  7. Atrazine or any herbicide that lists atrazine as an active ingredient shall not be applied upon the Leased Pemises.
  9. The Lessee will provide the City with proof of insurance in an amount determined by the City's Risk Manager.
 
6.      If during the initial term or any renewal term of the lease, the City sells off a portion of the Leased Premises for development by a new owner, the City and the Lessee agree to amend the lease to reflect the corresponding reduction in acreage of the Leased Premises. If such reduction in acreage occurs prior to the harvesting of crops, the Lessee shall be entitled to a Rent credit ("Credit") equal to the costs incurred for seed and fertilizer during the current year for such acreage removed from the description of the Leased Premises. Such Credit shall be determined based on paid receipts and other appropriate documentation to be provided by the Lessee to the City. Notwithstanding the foregoing, the Credit shall not exceed the amount of rent payable during such year.
 
 
BE IT FURTHER RESOLVED, that the Mayor and City Clerk are hereby authorized to execute any and all additional documents that may be required to complete this transaction.
 
 
 
 
Legal Description of the Leased Premises:
 
Lots 1, 2, 3, 4, 7, 8, 9, 10, 11, 12, 13, 14, 15, 26, 27, 28, 29, 30 and 32, Interstate Commerce Park a recorded plat located in the SW ΒΌ of Section 9, T8N, R10E, City of Madison, Dane County, Wisconsin.
 
 
The Leased Premises are outlined on the attached Exhibit.