Fiscal Note
One-time $200 Administrative Fee to be deposited into Account No. GN01-78220. Annual Rent of $1.00 to be deposited into Account No. GN01-78220.
Title
Authorizing the Mayor and City Clerk to execute a lease with Community Action Coalition of South Central Wisconsin, Inc. for a portion of Leopold Park located at 2906 Traceway Drive for use as community gardens.
Body
WHEREAS, Community Action Coalition for South Central Wisconsin, Inc. ("CAC") desires to lease from the City of Madison a portion of Leopold Park, located at 2906 Traceway Drive for community gardening purposes; and
WHEREAS, the use of a portion of Leopold Park for community gardening purposes is consistent with the adopted Arbor Hills - Leopold Neighborhood Plan and recommendations contained therein; and
WHEREAS, Parks Division staff have reviewed such request and recommend leasing a 23,250 sq. ft. parcel of land within Leopold Park to CAC; and
WHEREAS, Parks Division and Office of Real Estate staff have negotiated the terms of a lease with CAC.
NOW, THEREFORE, BE IT RESOLVED that the Mayor and City Clerk are authorized to execute a lease with Community Action Coalition for South Central Wisconsin, Inc. ("CAC") for a 23,250 sq. ft. parcel of land within Leopold Park, located at 2906 Traceway Drive and described below and depicted on attached Exhibit A (the “Leased Premises”), subject to the following terms and conditions:
1. The term of the lease shall be 5 years commencing as of June 1, 2012 and expiring on May 31, 2017. Thereafter, the lease term will automatically continue for successive terms of one year each until terminated by either party. The City shall have the right to terminate in the event of a default by CAC upon 30 days notice or, at its sole option upon 180 days notice. CAC shall have the right to terminate at its sole option upon 60 days notice.
2. CAC shall pay to the City a one-time administrative fee of $200 and annual rent of $1.00.
3. The Leased Premises are ...
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