City of Madison - File #: 04416

• File #: 04416
• Version: 1
• Name: Authorizing the Mayor and City Clerk to execute a lease with Group Health Cooperative of South Central Wisconsin for City-owned property held for future transportation purposes.
• Type: Resolution
• Status: Passed
• File created: 8/28/2006
• In control: BOARD OF ESTIMATES (ended 4/2017)
• On agenda: 10/17/2006
• Final action: 10/17/2006
• Enactment date: 10/18/2006
• Enactment #: RES-06-00857
• Title: Authorizing the Mayor and City Clerk to execute a lease with Group Health Cooperative of South Central Wisconsin for City-owned property held for future transportation purposes.
• Sponsors: Michael E. Verveer

Date	Ver.	Action By	Action	Result
10/17/2006	1	COMMON COUNCIL	Adopt	Pass
10/9/2006	1	BOARD OF ESTIMATES (ended 4/2017)	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
9/26/2006	1	PEDESTRIAN/BICYCLE/MOTOR VEHICLE COMMISSION (ended 6/2018)	Return to Lead with the Recommendation for Approval	Pass
9/18/2006	1	PLAN COMMISSION	Return to Lead with the Recommendation for Approval	Pass
9/5/2006	1	COMMON COUNCIL	Refer
9/5/2006	1	BOARD OF ESTIMATES (ended 4/2017)	Refer
9/5/2006	1	BOARD OF ESTIMATES (ended 4/2017)	Refer
8/30/2006	1	Finance Dept/Approval Group	Approved Fiscal Note By The Comptroller's Office
8/30/2006	1	Community and Economic Development Unit	Referred for Introduction
8/28/2006	1	Community and Economic Development Unit	Fiscal Note Required / Approval

Fiscal Note
Rent for the year 2005 of $11,476.08 and for the year 2006 of $11,820.36 will be deposited into the General Fund revenue Account No. GNO1-78220. Rents will increase annually by 3% until the lease expiration in 2015.
Title
Authorizing the Mayor and City Clerk to execute a lease with Group Health Cooperative of South Central Wisconsin for City-owned property held for future transportation purposes.
Body
WHEREAS, the City is the owner of the parcel of land located between West Main Street and West Washington Avenue that was formerly railroad right-of-way and was acquired by the City for transportation purposes (the "City Parcel"); and

WHEREAS, Group Health Cooperative of South Central Wisconsin ("GHC") is the owner of certain property at 675 West Washington Avenue, located adjacent to the City Parcel; and

WHEREAS, the City and GHC were parties to a certain Lease dated January 30, 1996 (the "Prior Lease"), whereby GHC leased from the City all of the City Parcel; and

WHEREAS, due to the City's need to utilize a portion of the City Parcel for the construction and operation of a public pedestrian and bicycle path (the "Path"), the Prior Lease was terminated by the City effective as of July 31, 2005; and

WHEREAS, the City has completed construction of the Path over a portion of the City Parcel; and

WHEREAS, GHC desires to lease that portion of the City Parcel not needed for the operation of the Path; and

WHEREAS, the terms of a lease have been negotiated between GHC and the Real Estate Section.

NOW, THEREFORE, BE IT RESOLVED that the Mayor and City Clerk are authorized to execute a lease ("Lease") with Group Health Cooperative of South Central Wisconsin ("GHC") allowing for the use of a portion of the "City Parcel", which is described on attached Exhibit A, subject to the following terms and conditions:

1. The City shall lease to GHC that portion of the City Parcel identified on Exhibit B (the "Leased Premises"). The Lease...