Fiscal Note
The proposed resolution authorizes the first amendment to the lease of CIty-owned property at 4502 Milwaukee St to The Salvation Army for the purposes of operating a family shelter. This first amendment does not propose any changes to the base annual rent of $1 per year. No additional City appropriation required.
Title
Authorizing the City’s execution of a First Amendment to Lease, pertaining to the City’s lease with the Salvation Army for the family shelter located at 4502 Milwaukee Street, for the purpose of extending the lease term and altering the maintenance provisions of the Lease. (District 3)
Body
WHEREAS, the City of Madison (“City”) is the owner of the property at 4502 Milwaukee Street consisting of 144,200 square feet of land and a 36,192 square foot building currently operating a family shelter (“Property”), as legally described in Exhibit A of the attached First Amendment to Lease (“First Amendment”); and
WHEREAS, in 2021 the City executed a lease with the Salvation Army (“Lessee”) for operation of a shelter for families experiencing homelessness and other related services thereto at the Property (the “Lease”); and
WHEREAS, the Lease was for an original term of one (1) year and in accordance with the terms of the Lease, the Lessee has exercised each of the two consecutive two (2) year Option Periods provided in Paragraph 8 of the Lease to renew the lease through April 5, 2026, and there are no remaining options to renew under the current terms of the Lease; and
WHEREAS, the City and the Lessee desire to amend the terms of the Lease to add an additional renewal Option Period of two years, and also alter the maintenance provisions of the Lease.
NOW, THEREFORE, BE IT RESOLVED that the City’s Common Council hereby authorizes the Mayor and City Clerk to execute a First Amendment to Lease with the Salvation Army, substantially on the following terms and conditions:
1. Paragraph 8 of the Lease shall be amended to allow for one addition...
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