Fiscal Note
Fiscal note pending.
Title
Authorizing the City’s execution of a 10-year lease, with one 5-year renewal option, between the City of Madison and Olin Avenue LLC, for the use of Suite 105 in the building located at 122 E Olin Ave, to be used as the office of the City’s Employee Assistance Program (District 14).
Body
WHEREAS, the City’s Employee Assistance Program (“EAP”) is seeking to relocate its office from its current location to a new long-term location that will allow it to best fulfill its mission serving City of Madison employees and their families; and
WHEREAS, EAP staff have worked with City Economic Development Division staff to identify a new office location and negotiate the lease attached to this resolution as Attachment - Lease (“Lease”).
NOW, THEREFORE, BE IT RESOLVED that the Mayor and City Clerk are authorized to execute the Lease with Olin Avenue LLC, substantially, though not exclusively, on the terms and conditions detailed in the attached Lease.
BE IT FURTHER RESOLVED that the City’s Common Council hereby authorizes the Mayor and City Clerk to execute, deliver and record the Lease and take any further action required to accomplish the purpose of this resolution in a form approved by the City Attorney.