City of Madison - File #: 73729

• File #: 73729
• Version: 1
• Name: 8877 - Madison Metro Admin Building Amendment
• Type: Resolution
• Status: Passed
• File created: 9/14/2022
• In control: FINANCE COMMITTEE
• On agenda: 10/11/2022
• Final action: 10/11/2022
• Enactment date: 10/17/2022
• Enactment #: RES-22-00710
• Title: Authorizing the execution of a first lease amendment between the City and Washington Gilman Limited Partnership and Mullins Family, LLC (collectively, the “Lessor”) to provide for the expansion of three administrative offices for Metro Transit at 1245 E. Washington Avenue. (6th AD)
• Sponsors: Keith Furman, Erik Paulson

Date	Ver.	Action By	Action	Result
10/11/2022	1	COMMON COUNCIL	Adopt	Pass
9/28/2022	1	TRANSPORTATION COMMISSION	Return to Lead with the Recommendation for Common Council to Adopt	Pass
9/28/2022	1	FINANCE COMMITTEE	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
9/20/2022	1	FINANCE COMMITTEE	Referred
9/20/2022	1	COMMON COUNCIL	Refer
9/14/2022	1	Economic Development Division	Referred for Introduction

Fiscal Note
The proposed resolution amends an agreement for Metro Transit's leased space at 1245 E. Washington Avenue to expand into three administrative offices. This will result in $29,075 in additional rent in 2023 and is included in Metro's 2023 Operating Budget request. Remodeling associated with this space will be handled by City Engineering via a separate resolution.
Title
Authorizing the execution of a first lease amendment between the City and Washington Gilman Limited Partnership and Mullins Family, LLC (collectively, the “Lessor”) to provide for the expansion of three administrative offices for Metro Transit at 1245 E. Washington Avenue. (6th AD)
Body
WHEREAS, Washington Gilman, L.P. and Mullins Family, LLC (collectively the “Lessor”) is the owner of the building located at 1245 East Washington Avenue (the “Building”); and

WHEREAS, Metro Transit (“Metro”) currently leases the entire second floor in the Building (the “Leased Premises”) per the lease dated December 1, 2016 (the “Lease”); and

WHEREAS, the Lease expires on December 31, 2031; and

WHEREAS, the City desires to enter into a first amendment to the Lease (the “First Amendment”) to expand into three offices on the first level of the Building (the “Expansion Space”). In connection with this First Amendment, the Expansion Space and one of the existing offices on the second level need some remodeling, which will be handled by City Engineering via a separate resolution; and

WHEREAS, the City and the Lessor have signed a Letter of Intent dated September 6, 2022, which substantially outlines the proposed terms of the First Amendment to the Lease at the Property.

NOW, THEREFORE, BE IT RESOLVED that the Common Council authorizes the execution a First Amendment to the Lease with Washington Gilman Limited Partnership and Mullins Family, LLC (collectively, the “Lessor”) materially, though not exclusively per the following terms and conditions.

Below are the changed terms to the respective paragrap...