Title
Authorizing the Mayor and City Clerk to execute an Addendum to Agreement between the City of Madison and Dane County for the Sale of Space in the City-County Building.
Body
WHEREAS, CITY and COUNTY have, by a separate document dated February 8, 1955, (hereinafter, the “Master Agreement”) and amendments thereto, entered into a contractual relationship pursuant to which the parties have provided for ownership and operation of the City of Madison City Hall and the Dane County Courthouse (“the City-County Building”); and
WHEREAS CITY and COUNTY wish to amend the Master Agreement to provide for the sale by the COUNTY to the CITY of parts of the City-County Building as set forth herein;
1. The Master Agreement as previously amended shall be further updated and amended by this Addendum except for those changes expressly set forth herein. The updated and amended Master Agreement [as of December, 2005] is attached hereto.
2. The previous Addendum [effective March 2, 2006] is attached hereto.
3. Effective October 1, 2008, COUNTY shall sell property in the City-County Building described in Schedule A, which is attached hereto and incorporated herein by reference, to the CITY for $60,000 (SIXTY THOUSAND AND 00/100 DOLLARS), payable in one installment.
4. The price indicated herein is for this transaction only and does not reflect or establish the cost per square foot for space in the City-County Building for, or in, any future transactions.
5. CITY shall pay any and all costs associated with remodeling the space referred to in Schedule A. The CITY shall coordinate remodeling activities with the COUNTY’s Facilities Management Division.
6. The entire agreement of the parties is contained herein and this Second Addendum, together with the updated and amended Master Agreement and previous Addendum supersede any and all prior written or oral agreements and negotiations between the parties relating to the subject matter hereof. The parties expressly agree that this Se...
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