Fiscal Note
The 2015 adopted budget includes $67,845 for the rental of this facility.
Title
Authorizing the execution of a Second Amendment to the Lease with Wahnfried Holdings, LLC allowing for the City’s continued use of space at 29 Marsh Court for the operation of the Madison Police Department evidentiary facility.
Body
WHEREAS, the Lessor and the City are parties to a certain Lease (the “Lease) pertaining to the Building and the Land, dated December 30, 2008, which Lease was recorded with the Dane County Register of Deeds on January 12, 2009 as Document No. 4492668, and
WHEREAS, the initial term of the Lease was for the four-year period commencing on January 1, 2009; and
WHEREAS, in accordance with Paragraph 7 of the Lease, the City exercised its one year renewal option, and the term of the Lease was extended to December 31, 2013; and
WHEREAS, the Common Council authorized the execution of a First Amendment to Lease (Resolution ID 31331) which was executed on November 25, 2013 and recorded with the Dane County Register of Deeds on November 27, 2013 as Document No. 5040527, which extended the term of the Lease for an additional period of three (3) years to December 31, 2016 and gives the City the option to renew the Lease for two (2) successive terms of one (1) year each.
This Second Amendment to Lease would extend the term of the Lease until December 31, 2017 and give the City the option to renew the Lease for four (4) successive terms of one (1) year each.
NOW, THEREFORE, BE IT RESOLVED that the Common Council of the City of Madison hereby authorizes the execution of a Second Lease Amendment to Lease with Wahnfried Holdings, a Wisconsin limited liability company (the “Lessor”), amending the existing lease executed between parties on December 30, 2008, as amended (the “Lease”), on the following terms and conditions:
1) Paragraph 2 of the Lease is amended to provide that the term of the Lease shall be extended to December 31, 2017 (the “Extended Ter...
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