Fiscal Note
The proposed resolution extends a lease for storage space at 2713 East Washington Avenue utilized by the Clerk's office. The current term of the agreement ends December 31, 2022. This resolution extends the term until December 31, 2023 and provides additional renewal options through 2026. Costs associated with this space in 2023 are $13,621 and are included in Clerk's 2023 operating budget request.
Title
Authorizing the City to enter into a Second Amendment to a Lease with MESC, LLC for the property located at 2713 East Washington Avenue for storage space. (15th AD)
Body
WHEREAS, MESC, LLC (“Lessor”), is the owner of the commercial building located at 2713 East Washington Avenue (“Building”); and
WHEREAS, the Lessor and the City are parties to that certain Lease dated December 1, 2016 and recorded December 21, 2016 with the Dane County Register of Deeds as Document No. 5293840; as well as the First Amendment to the Lease dated September 30, 2020 and recorded October 5, 2020 with the Dane County Register of Deeds as Document No. 5644553 (collectively the “Lease”); and
WHEREAS, per the First Amendment to the Lease the City of Madison (“City”) leased an additional 1,664 net square feet of the Building as the “Expanded Leased Premises”, which is adjacent to space used as storage by the City Clerk. The Expanded Leased Premises is used to store plexiglass screens used at the polls and other items; and
WHEREAS, the term for the Expanded Leased Premises expires on December 31, 2022, and there are no remaining options to renew; and
WHEREAS, the City Clerk would like to continue its use of the Expanded Leased Premises and requested to extend the Expansion Term until December 31, 2023, and to provide for additional renewal options for said space; and
WHEREAS, the terms of a second amendment to the Lease regarding the continued use of the Expanded Leased Premises have been negotiated between the Lessor and the City’s Office of Real Estate Services.
NOW...
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