Fiscal Note
The proposed resolution authorizes the First Amendment to the Yahara Hills Golf Course Ground and Maintenance Facility Leases, future easements for the landfill, and a future stormwater agreement. Under the Lease Amendments, the Yahara Golf Course is authorized to operate 36 holes of golf through October 31, 2025 or the start of construction of the Sustainability Campus, and 18 holes of golf through 2042, which lease amendment will allow for increased revenue at Yahara Golf Course in 2025. The City’s future granting of easement rights to the County as part of the agreement is part of the consideration provided to secure this Amendment, and no fees or costs will be required as a condition of the easements. No additional appropriation is required.
Title
Authorizing the City to Execute the First Amendment to Lease Agreements, Future Easements and a Stormwater Agreement with Dane County Pertaining to Yahara Hills Golf Course and the Future Landfill. (District 16)
Body
WHEREAS, on February 27, 2023, consistent with the terms of the Sustainability Campus and Landfill Development Agreement entered into between the City and the County (the “Parties”), the County purchased 231.28 acres of real estate from the City. The property in question, which has the addresses of 7103 Millpond Rd. and 4402 Brandt Rd. in the City of Madison (hereinafter “the Property”), was a portion of the City’s Yahara Hills Golf Course (the “Course”); and,
WHEREAS, as a condition of the sale of the Property, the Parties entered into two leases, the “Ground Lease-Yahara Hills Golf Course” (the “Ground Lease”) and the “Lease-Yahara Hills Golf Course Maintenance Facility” (the “Maintenance Facility Lease”), under which the City would be authorized to maintain certain golf course operations on the Property for a specified period of time, subject to the terms and conditions of the respective leases. Under the Ground Lease, the City is authorized to continue operating 36-holes through...
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