Fiscal Note
This lease requires the City to pay an annual rent of $58,000 plus all utility costs and maintenance expenses, real estate taxes, and fire and extended coverage insurance. Additional rent payments of up to $2500 annually are authorized to fund tenant improvements required by the Madison Police Department. Funding is included in the 2009 Executive Operating Budget.
Title
Authorizing the execution of a lease at 29 Marsh Court for the storage of evidentiary vehicles and other miscellaneous materials associated with Madison Police Department operations.
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Whereas, the Madison Police Department (MPD) continues to work to reduce costs for the storage of evidentiary vehicles; and
Whereas, it has been determined that leasing warehouse space by MPD is less expensive than paying fees for storing such vehicles in privately operated facilities; and
Whereas, the leasing of warehouse space by MPD will also provide for the storage of other miscellaneous items; and
Whereas, a warehouse facility at 29 Marsh Court meets MPD’s requirements for storing vehicles and is available for lease; and
Whereas, the terms of the lease have been negotiated with the owner.
NOW, THEREFORE, BE IT RESOLVED that the Mayor and City Clerk are authorized to execute a lease (the “Lease”) with Wahnfried Holdings LLC or its assigns (Owners) subject to the following terms and conditions:
1. The term of the lease (the “Lease Term”) shall be four (4) years beginning on January 1, 2009 (the “Commencement Date”) and ending on December 31, 2012. The Leased Premises shall consist of the building, containing approximately 3,248 square feet of office space, 5,922 square feet of warehouse space and 1.70 acres of land located at 29 Marsh Court, Madison Wisconsin. The Leased Premises are depicted on attached Exhibit A.
2. The City of Madison (the “City”) may renew the lease for an additional one (1) year term by providing written notice to the Owner on or before August 1, 2012.
3. The ba...
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