Fiscal Note
This Use Agreement establishes annual game rental fees payable by the Mallards. Rental fees would be $50,000 for 2011, with a 3% increase per year through the life of the agreement. The revenue from these fees was anticipated in the 2011 Parks Division Requested Operating Budget. Additionally, this agreement acknowledges the Improvements Agreement between the City and the Mallards, which includes the Mallards' commitment to providing $500,000 in funding for improvements to the stadium bleachers, as well as a minimum of $500,000 in additional capital improvements over the term of that agreement. No additional appropriation is required by this Use Agreement.
Title
Authorizing the Mayor and City Clerk to execute a ten (10) year Use Agreement with the Northwoods League, Inc. and the Madison Mallards LLC for nonexclusive use of Warner Park Stadium. (AD#12)
Body
WHEREAS, the Madison Mallards LLC (“Mallards”) have participated in the Northwoods League Inc. (League) summer collegiate baseball league since 2001, playing its home games at the City of Madison’s (“City”) Warner Park Stadium (the “Ballpark”), pursuant to the terms and conditions of the March 23, 2006 Use Agreement between the City, the Mallards, and the League (the “Parties”). The current Use Agreement between the Parties expires on December 31, 2010; and
WHEREAS, Mallards desires to continue operating a baseball team in Madison, Wisconsin, and for that purpose desires to enter into a new Use Agreement for nonexclusive use of the Ballpark; and
WHEREAS, City believes it is in the public’s interest to afford the citizens of the City an opportunity to attend and view baseball games; and
WHEREAS, the Parties wish to formalize the terms and conditions under which the Mallards and the League is authorized to use the Ballpark; and
WHEREAS, concurrently with the execution of this Use Agreement, the City and Mallards are executing and delivering the Agreement to Undertake Improvements to Warne...
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