Fiscal Note
Rent payable during the first two years shall be $69,216 per year ($16.00 per square foot) and will increase by 3% annually starting on December 1, 2013. The City shall be responsible for all data, computer and telephone services. Funds are available in a segregated fund which is used to account for revenues and expenditures associated with the Police Department activities conducted at this location.
Title
Authorizing the execution of a lease with 2801 Crossroads Drive LLC for office space located at 2801 Crossroads Drive for Police Department administration use.
Body
WHEREAS, the City of Madison currently leases approximately 3,070 square feet of office space at 2701 International Lane for Police Department administration use, and such lease is scheduled to expire on November 30, 2011; and
WHEREAS, the Police Department requires approximately 1,200 square feet of additional space to conduct its activities, but is unable to expand at its current location; and
WHEREAS, the Police Department desires to lease replacement office space at 2801 Crossroads Drive, consisting of approximately 4,326 square feet; and
WHEREAS, the terms of a lease have been negotiated between the landlord, 2801 Crossroads Drive LLC, and the City’s Office of Real Estate Services.
NOW, THEREFORE, BE IT RESOLVED, that the Mayor and City Clerk are authorized to execute a lease (“Lease”) for office space with 2801 Crossroads Drive LLC (“Landlord”), on the following terms and conditions:
1. Leased Premises. The “Leased Premises” shall consist of approximately 4,326 square feet, located at 2801 Crossroads Drive, Madison.
2. Use. The City’s use of the Leased Premises shall be limited to police administrative offices and activities related thereto, and for no other purposes without the prior written consent of the Landlord, which consent shall not be unreasonably withheld, delayed or conditioned.
3. Term. The initial Lease term shall be five (5) years, commencing on December ...
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