Fiscal Note
No rent is payable by the City for this lease; therefore, there is no fiscal or budgetary impact.
Title
Authorizing the execution of a lease with the State of Wisconsin, Department of Transportation for approximately 743 square feet of land located at 5601 Eastpark Boulevard for the installation of an early warning siren.
Body
WHEREAS, the State of Wisconsin, Department of Transportation (the “State”) owns the parcel of land located at 5601 Eastpark Boulevard more particularly described on attached Exhibit “A” (the “State Property”); and
WHEREAS, the State Property is partially improved with a park and ride lot, which is operated by the City of Madison; and
WHEREAS, the City desires to lease from the State an unimproved portion of the State Property for the siting of an early warning siren; and
WHEREAS, the terms of a lease have been negotiated between staff from the State and the City’s Engineering Division and Office of Real Estate Services, and a lease has been prepared by the Office of Real Estate Services.
NOW THEREFORE BE IT RESOLVED that the Mayor and City Clerk are authorized to execute a lease with the State of Wisconsin, Department of Transportation (the “State”) allowing for the City’s use of approximately 743 square feet of land for the siting of an early warning siren and related equipment (collectively, the “Siren”), subject to the following terms and conditions:
1. The “Leased Area” is described and depicted on attached Exhibit “A.”
2. The term of the Lease shall be for a period of ten (10) years, commencing on March 1, 2009. The Lease shall automatically be renewed under the same terms and conditions for additional one (1)-year terms, unless either party gives written notice to the contrary to the other party at least ninety (90) days before the automatic renewal date.
3. No rent or security deposit is payable by the City under the Lease.
4. The City shall install the Siren, at its own expense, in accordance with plans appr...
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