Fiscal Note
The proposed resolution executes a new lease with the University of Wisconsin allowing storage and site improvements for UW Rowing Teams within the following City Parks: Marshall Park, Wingra Park, Tenney Park and James Madison Park. The lease will be for two years, starting as of May 1, 2017 and expiring April 30, 2019 and may be renewed for two subsequent two-year terms upon agreement of the parties. The UW will pay an annual rent of $1,500 and no site improvements or alterations of the leased premises will be made without written approval from the City’s Office of Real Estate Services and the City’s Park Superintendent. No City appropriation is required.
Title
Authorizing the Mayor and the City Clerk to terminate a lease and encroachment agreement and execute a new lease with the University of Wisconsin, Board of Regents allowing for the placement of boat storage racks, pier improvements and other site improvements for use by UW Rowing Teams within the following City parks: Marshall Park, Wingra Park, Tenney Park and James Madison Park.
Body
WHEREAS, the City of Madison currently leases to the University of Wisconsin, Board of Regents (“UW”) a portion of Marshall Park pursuant to a lease dated July 7, 2003; and
WHEREAS, the UW is also a party to an encroachment agreement with the City, dated August 8, 2003, allowing for the placement of storage racks within Marshall Park; and
WHEREAS, the UW desires to continue to occupy and use the sites within Marshall Park for use by the UW’s Rowing Teams, as well as to occupy and use sites within Wingra Park, Tenney Park and James Madison Park; and
WHEREAS, the City and the UW have agreed to terminate the existing Marshall Park lease and encroachment agreement, and to enter into a new lease covering the Marshall Park site and the additional desired sites; and
WHEREAS, the terms of the lease have been negotiated between staff from the UW and the City’s Parks Division and Office of Real Estate Services, ...
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