City of Madison - File #: 39914

• File #: 39914
• Version: 1
• Name: 2654 MMHA Parking Lot Lease
• Type: Resolution
• Status: Passed
• File created: 8/26/2015
• In control: BOARD OF ESTIMATES (ended 4/2017)
• On agenda: 10/20/2015
• Final action: 10/20/2015
• Enactment date: 10/23/2015
• Enactment #: RES-15-00816
• Title: Authorizing the Mayor and City Clerk to execute a lease with Madison Mutual Housing Association, Inc. of City-owned property held for future transportation purposes.
• Sponsors: Michael E. Verveer

Date	Ver.	Action By	Action	Result
10/20/2015	1	COMMON COUNCIL	Adopt	Pass
10/12/2015	1	BOARD OF ESTIMATES (ended 4/2017)	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
10/7/2015	1	BOARD OF PUBLIC WORKS	Return to Lead with the Recommendation for Approval
9/21/2015	1	PLAN COMMISSION	Return to Lead with the Recommendation for Approval	Pass
9/1/2015	1	BOARD OF ESTIMATES (ended 4/2017)	Referred
9/1/2015	1	BOARD OF ESTIMATES (ended 4/2017)	Referred
9/1/2015	1	COMMON COUNCIL	Referred	Pass
8/26/2015	1	Economic Development Division	Referred for Introduction

Fiscal Note
Rent for the first lease year (i.e., June 1, 2015 through May 31, 2016) of $1,000 shall be deposited into Munis charge code 63026. Effective June 1, 2016, rent will increase annually by 3%.
Title
Authorizing the Mayor and City Clerk to execute a lease with Madison Mutual Housing Association, Inc. of 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 Doty Street that was formerly railroad right-of-way and was acquired by the City for transportation purposes (the “City Parcel”); and

WHEREAS, Madison Mutual Housing Association, Inc. (the “Lessee”) is the owner of certain property located at 641 West Main Street (the “Abutting Property”) which is adjacent to the City Parcel; and

WHEREAS, the City and the Lessee were parties to a certain prior lease (the “Prior Lease”) whereby the Lessee leased a portion of the City Parcel from the City; 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 December 31, 2004; and

WHEREAS, the City completed construction of the Path in 2005 over a portion of the City Parcel; and

WHEREAS, the Lessee has remained in occupancy of the leased area as a month-to-month holdover tenant; and

WHEREAS, the Lessee desires to continue to occupy and use the leased area and the terms of a new lease have been negotiated between the Lessee and City of Madison Office of Real Estate Services staff.

NOW, THEREFORE, BE IT RESOLVED that the Mayor and City Clerk are authorized to execute a lease (“Lease”) with Madison Mutual Housing Association, Inc. (the “Lessee”) allowing for the use of a portion of the “City Parcel,” which is described in attached Exhibit A subject to the following terms and conditions:

1. Leased Premises. The City shall lease to the Lesse...