Fiscal Note
No City appropriation required.
Title
Amending Resolution 22-00745 Authorizing the First Amendment to Ground Lease for the residential structure located at 704 East Gorham Street, within James Madison Park, and authorizing an access easement over a portion of the City’s property at 728 East Gorham Street. (District 6)
Body
WHEREAS, on April 4, 2012, the City of Madison Common Council approved Resolution RES-12-00247 (Legistar #25054), accepting a proposal from Bob Klebba and David Waugh (collectively, the “Lessees”) for the purchase of the residential structure located 704 East Gorham Street, commonly known as the Collins House (the “Property”) and authorized staff to negotiate the final terms for the sale of residential structure and a lease of the land beneath it (the “Ground Lease”); and,
WHEREAS, on September 14, 2012, by Bill of Sale (Doc. #4913197) and Ground Lease (Doc. #4913196) the City sold the improvements and leased the land to the Lessees, the Ground Lease being attached hereto and incorporated herein; and,
WHEREAS, the Lessees wish to make certain improvements (“Improvements”) to the Property, including a reconfiguration of the access to the Property from N. Blount Street across an existing right-of-way (the “Lincoln School Access Drive”) over the City’s property located at 728 E. Gorham Street. The City granted the existing right-of-way over its property to the lessee of the property located at 720 E. Gorham St. (“Lincoln School Lessees”) in 1985 (Doc. #1872438), which Right-of-Way Agreement includes a condition reserving the right of the City to grant to the Lessees a right to use the portion of the Lincoln School Access Drive abutting the Property, subject to the Lessees entering into a Joint Driveway Agreement with Lincoln School Lessees; and,
WHEREAS, the Council has previously approved amendments to the Ground Lease in RES-22-00139 (Legistar #69489) and RES-22-00745 (Legistar #74045), and Lessees have received approvals t...
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