Fiscal Note
The City is currently making master lease payments of $19,500 per month for South Madison Health and Family Center space within the Villager Mall. That cost, along with related utilities, taxes and maintenance cost, is allocated to the various participating organizations and City departments through a set of subleases and inter-departmental charges which total approximately $482,000 per year which are scheduled to expire on October 1st. This resolution authorizes the extension of these various existing Villager leases and subleases through the end of this calendar year. The extension will allow sufficient time for a more orderly renegotiation of future lease arrangements and will have no significant budgetary impact.
Title
Authorizing the Mayor and City Clerk to execute amendments to the master lease and to the various subleases pertaining to the South Madison Health & Family Center located within the Villager Shopping Center.
Body
WHEREAS, 0n December 23, 2004, the Community Development Authority ("CDA") acquired the Villager Shopping Center located at 2202-2328 South Park Street (the "Villager"), and assumed the lessor's interest in and to all of the Villager leases; and
WHEREAS, the City of Madison ("City") is the lessee of approximately 36,500 square feet of space within the Villager (the "Premises") for the South Madison Health & Family Center, pursuant to that certain lease dated February 1, 1995 (the "Master Lease"); and
WHEREAS, the City has subleased the Premises to the following non-City service providers (collectively, the "Sublessees"):
· Planned Parenthood of Wisconsin, Inc.
· Family Enhancement
· Dane County Parent Council, Inc.
· County of Dane
· Madison Community Health Center, Inc.
WHEREAS, the initial term of the Master Lease is for a ten (10)-year period that is currently scheduled to expire on October 31, 2005; and
WHEREAS, the City has the right to renew the Master Lease for two (2) successive per...
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