Fiscal Note
The City (by RES-09-00933) authorized the provision of up to $71,850 in CDBG funds to the Madison Metropolitan School District (MMSD) for the continued operation of the Meadowood Neighborhood Center during calendar year 2010. The City shall assume payment of the annual base rent of $30,188 ($9.62 per sq. ft.) and its prorata share of real estate taxes and common area charges estimated to be $10,073 per year ($3.21 per sq. ft.), for a total of $40,261. MMSD will reimburse the City for such rent charges. While the City as leaseholder is responsible for utility expenses, MMSD will pay utility charges directly.
Title
Authorizing the Mayor and City Clerk to execute a lease with MLG Capital/Meadowood LLC for space within the Meadowood Plaza located at 5734 Raymond Road for the continued operation of the Meadowood Neighborhood Center.
Body
WHEREAS, since March 2009 the Madison Metropolitan School District, through Madison School & Community Recreation (“MSCR”), has been providing social, recreational and educational opportunities to residents of the Meadowood Neighborhood in space within the Meadowood Plaza located at 5734 Raymond Road (the “Meadowood Neighborhood Center”); and
WHEREAS, operation of the Meadowood Neighborhood Center was a pilot project in 2009, funded in part with Emerging Neighborhood Funds from the City of Madison; and
WHEREAS, the services provided at the Meadowood Neighborhood Center have been well received and used by people of all ages in the neighborhood; and
WHEREAS, MSCR’s lease of space for the Meadowood Neighborhood Center is scheduled to expire on December 31, 2009; and
WHEREAS, MSCR desires to continue to operate the Meadowood Neighborhood Center; however, MSCR no longer desires to be the lease holder and has requested that the City hold the lease instead; and
WHEREAS, Resolution File ID 16313, adopted by the Common Council on November 17, 2009, authorizes the provision of up to $71,850 in CDBG funds to the Madison Met...
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