City of Madison - File #: 03979

• File #: 03979
• Version: 3
• Name: Lease for Park and Ride Lot at East Transfer Point
• Type: Resolution
• Status: Passed
• File created: 6/14/2006
• In control: TRANSIT AND PARKING COMMISSION (ended 06/2018)
• On agenda: 6/20/2006
• Final action: 8/1/2006
• Enactment date: 8/7/2006
• Enactment #: RES-06-00706
• Title: SECOND SUBSTITUTE - Authorizing the Mayor and City Clerk to execute a ten year lease with the Swiss Colony Cheese Company for a Park and Ride Lot at Metro Transit's East Transfer Point; and to transfer surplus City of Madison right of way to the Leo Ritter and Company. 15th Ald. Dist.
• Sponsors: Jed Sanborn

Date	Ver.	Action By	Action	Result
8/1/2006	3	COMMON COUNCIL	Adopt	Pass
7/25/2006	3	TRANSIT AND PARKING COMMISSION (ended 06/2018)	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
7/11/2006	3	TRANSIT AND PARKING COMMISSION (ended 06/2018)	Fiscal Note Required / Approval
7/11/2006	3	Finance Dept/Approval Group	Approved Fiscal Note By The Comptroller's Office (SUBSTITUTES)
7/10/2006	2	PLAN COMMISSION	Return to Lead with the Recommendation for Approval	Pass
7/5/2006	1	BOARD OF PUBLIC WORKS	Return to Lead with the Recommendation for Approval	Pass
7/5/2006	2	Finance Dept/Approval Group	Approved Fiscal Note By The Comptroller's Office (SUBSTITUTES)
6/30/2006	2	Transit Utility	Fiscal Note Required / Approval
6/26/2006	1	BOARD OF ESTIMATES (ended 4/2017)	Return to Lead with the Recommendation for Approval	Pass
6/20/2006	1	COMMON COUNCIL	Refer
6/20/2006	1	TRANSIT AND PARKING COMMISSION (ended 06/2018)	Refer
6/20/2006	1	TRANSIT AND PARKING COMMISSION (ended 06/2018)	Refer
6/20/2006	1	TRANSIT AND PARKING COMMISSION (ended 06/2018)	Refer
6/14/2006	1	Transit Utility	Fiscal Note Required / Approval
6/14/2006	1	Finance Dept/Approval Group	Approved Fiscal Note By The Comptroller's Office
6/14/2006	1	Transit Utility	Referred for Introduction

Fiscal Note
This lease would allow Metro to provide Park & Ride facilities at the East Transfer Point on property zoned C3L and for which a park & ride lot is a permitted use. Metro agrees to pre-pay a ten-year capital lease payment of $112,500 $120,000, for which provision is made in Metro's 2006 Capital Budget (Ref. Project 3, Account 815006). Metro will provide for on-going maintenance of the Park & Ride lot during the periods used for transit Park & Ride purpose from its operating budget. During the term of the agreement, the capital lease covers the period January - September. Provision is made in the agreement for month-by-month lease during additional months of each year, as the parties may mutually approve. Those monthly leases will be paid through Metro operating budgets at rates agreed to in the lease agreement. Provision is made for renewal of this ten-year lease agreement for one subsequent five-year term and for renewal thereafter for one-year terms upon agreement of the City and Swiss Colony. They City is covered under its current insurance policies; therefore, the resolution will not result in increased premiums.
Title
SECOND SUBSTITUTE - Authorizing the Mayor and City Clerk to execute a ten year lease with the Swiss Colony Cheese Company for a Park and Ride Lot at Metro Transit's East Transfer Point; and to transfer surplus City of Madison right of way to the Leo Ritter and Company. 15th Ald. Dist.
Body
PREAMBLE

Metro Transit has long desired to locate Park & Ride facilities at its Transfer Point locations. Various reports including the 1998-2002 WisDOT Transportation Development Plan, 1999 WisDOT District 1 Park and Ride Study, the first Transport 2020 Study, and Metro's Strategic Annual Plans for the past four years have identified the special need for Park & Ride lots at Metro's Transfer Points, and specifically at the East Transfer Point (ETP). In 2003, the City approved the lease of property at the North Transfer Point for th...