Fiscal Note
The proposed lease amendment has no fiscal impact on the City. No City appropriation is required.
Title
Authorizing the City’s execution of a First Amendment to Lease between the City of Madison and 123 East Doty Street Corporation and/or their successors and assigns for the continued use of a portion of the City-owned property located at 223 S. Pinckney Street with temporary staircase improvements. (4th A.D.)
Body
WHEREAS, the City of Madison (“Lessor”) and 123 East Doty Street Corporation (“Lessee”) are parties to a Lease dated February 21, 1990, and recorded on June 25, 1990 in the office of the Dane County Register of Deeds as Document No. 2207055, subsequently assigned by an Assignment of Lease dated June 30, 1994 (together, the “Lease”); and
WHEREAS, the Lease pertains to the Lessee’s use of a portion of the Lessor’s property located at 223 S. Pinckney Street, formerly improved with the Doty Street Parking Ramp, now known as the former Government East Parking Ramp, which is legally described as follows (“Property”):
Lot 3, Certified Survey Map No. 14577, recorded in the office of the Dane County Register of Deeds in Volume 101, Pages 1-6 of Certified Survey Maps, City of Madison, Dane County, Wisconsin.
WHEREAS, the Lessee owns the property located at 123 E. Doty Street, legally described on attached Exhibit A (“Abutting Property”); and
WHEREAS, the Lease allows the Lessee to use and occupy a portion of Property, Parcel A as described under the Lease, for the purposes of maintaining an existing fire exit from the second floor of the building situated on the Abutting Property; and
WHEREAS, the Government East Parking Ramp was demolished in 2020-2021 and the access over Parcel A no longer exists; and
WHEREAS, as part of the demolition of the parking ramp, Lessor agrees to construct a temporary staircase connecting the fire exit stair on the Abutting Property to the E. Doty Street sidewalk, subject to certain conditions; and
WHEREAS, th...
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