Fiscal Note
The proposed resolution authorizes extending the lease for continued use of space at 29 Marsh Court by the Madison Police Department from January 1, 2022 to December 31, 2025. Annual rent payments for the space are already included in MPD’s 2020 Adopted Operating Budget ($72,100) and 2021 Operating Request ($73,500). No additional City appropriation will be required with the authorization of this third lease amendment.
Title
Authorizing the execution of a Third Amendment to the Lease with Joella Enterprises, LLC allowing for the City’s continued use of space at 29 Marsh Court for the operation of the Madison Police Department evidentiary facility. (16th A.D.)
Body
WHEREAS, the Lessor and the City are parties to a certain Lease (the “Lease) pertaining to the Building and the Land, dated December 30, 2008, which Lease was recorded with the Dane County Register of Deeds on January 12, 2009 as Document No. 4492668; and
WHEREAS, the initial term of the Lease was for the four-year period commencing on January 1, 2009; and
WHEREAS, in accordance with Paragraph 7 of the Lease, the City exercised its one year renewal option, and the term of the Lease was extended to December 31, 2013; and
WHEREAS, the Common Council authorized the execution of a First Amendment to Lease (Resolution ID 31331) which was executed on November 25, 2013 and recorded with the Dane County Register of Deeds on November 27, 2013 as Document No. 5040527, which extended the term of the Lease for an additional period of three (3) years to December 31, 2016 and gave the City the option to renew the Lease for two (2) successive terms of one (1) year each; and
WHEREAS, the Common Council authorized the execution of a Second Amendment to Lease (Resolution ID 39189) which was executed on July 1, 2015 and recorded with the Dane County Register of Deeds on August 5, 2015 as Document No. 5174404 that allowed the extension the term of the Lease until December 31, 2017 and gave the City the ...
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