Fiscal Note
This lease requires the lessee to pay a monthly rent of $950 less a caretaker credit of $500 per month. The lessee will pay all utilities. The funds will be deposited in the Parks Facility Maintenance Operating Lease Payments account.
Title
Authorizing the execution of a lease between the City of Madison and Kevin Boehm providing for occupancy and maintenance of a City owned house and park maintenance in Cherokee Conservation Park, 6098 N. Sherman Dr.
Body
Since the acquisition of the property and the accompanying house, the City of Madison has arranged for a Parks Division employee caretaker at Cherokee Conservation Park. Effective July 12, 2013, the former caretaker has given notice that he would be moving out and not providing caretaker services for the house and property. Previously, the rent was set at $350 with a $300 deduction of rent for caretaker responsibilities, therefore a net rent of $50. Madison Parks is updating the rent, terms and lease to be more comparable to market conditions and caretaker responsibilities.
NOW, THEREFORE, BE IT RESOLVED that the Mayor and City Clerk are authorized to execute a lease between the City of Madison ( the “Lessor) and Kevin Boehm (“Lessee”) subject to the following terms and conditions:
1. The term of the lease (the “Lease Term”) shall be five (5) years commencing on August 1, 2013 and ending on August 1, 2018.
2. At the expiration of the lease, if mutually acceptable to Lessor and Lessee the lease can be extended for up to three (3) successive terms of one (1) year
3. The space located at Cherokee Park Conservation Area, 6098 N. Sherman Dr. (the “Leased Premises”) shall consist of a one -story house containing approximately 1500 square feet.
4. The rent shall be $ 950.00 per month less a $ 500 per month credit for caretaker services as described in paragraph 6, leaving a net rental payment of $ 450.00. The lessee shall pay all utilities to the leased premises.
5. The Lessee...
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