Fiscal Note
Anticipated income of $975.00 in 2022 will be deposited into MUNIS Account 84110-47150-00000. Rent during future renewal terms, if any, will be subject to agreement between the Lessee and Office of Real Estate Services staff.
Title
Authorizing the Mayor and City Clerk to execute a lease for farming purposes with Guy J. and Laura S. Dreger for approximately 13 acres of land located at 10202 Mid Town Road. (1st AD)
Body
WHEREAS, the City of Madison (“City”) Storm Water Utility owns the property located at 10202 Mid Town Road (“Property”); and
WHEREAS, Storm Water Utility staff support farming of the Property for the land management benefit of controlling invasive species and other undesirable vegetation; and
WHEREAS, the terms of a lease have been negotiated between Guy J. Dreger & Laura S. Dreger and the Office of Real Estate Services; and
WHEREAS, Storm Water Utility staff have reviewed the lease terms and recommend entering into a lease with Guy J. Dreger & Laura S. Dreger, and the lease has been approved by the City Attorney’s Office and Risk Manager.
NOW THEREFORE BE IT RESOLVED that the Mayor and City Clerk are authorized to execute a lease with Guy J. Dreger & Laura S. Dreger (“Lessee”) allowing for the use of approximately 13 acres of land for farming purposes, subject to the following terms and conditions:
1. The City hereby leases to the Lessee the tract of land (“Leased Premises”) described on Exhibit A and depicted on Exhibit B, which exhibits are attached and made a part of this Lease.
2. This Lease shall be for a term of one (1) year, subject to early termination pursuant to the terms of this Lease. This Lease shall commence as of January 1, 2022 (the “Effective Date”) and expire on December 31, 2023.
3. This Lease may be renewed for subsequent one (1) year terms upon agreement of the parties as to the terms of the renewal, including but not limited to the rental rate. If the Lessee desires to renew the Lease, the Lessee must gi...
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