Fiscal Note
Rents derived from leasing agreements will increase the City's General Fund revenues, although the amount of such revenues is unknown.
Title
Authorizing the execution of farm leases on lands dedicated to the City of Madison located in undeveloped plats.
Body
WHEREAS, throughout the City of Madison (the “City”) undeveloped platted tracts are being leased by the owner/developer for farming purposes; and
WHEREAS, such tracts include areas of land dedicated to the City for right-of-way, future park, and other purposes; and
WHEREAS, such use of City-owned lands has not been authorized by the Common Council of the City of Madison, and the City has not been receiving its prorata share of rents; and
WHEREAS, staff from the City Assessor’s Office have identified numerous undeveloped plats where unauthorized farming of City-owned lands has been occurring; including, but not limited to, the following: Silicon Prairie Business Park, Woodstone, Prairie Point, Eastlawn, Blackhawk Church Town Center Plat and Grandview Commons; and
WHEREAS, the City Attorney’s Office recommends that the Manager of the Office of Real Estate Services be granted authority to enter into farm leases in those instances where an owner/developer is leasing out undeveloped platted tracts that include lands dedicated to the City of Madison.
NOW THEREFORE BE IT RESOLVED, that the Common Council of the City of Madison hereby authorizes the Manager of the Office of Real Estate Services to enter into leases for farming purposes in those instances where an owner/developer is leasing to a tenant farmer platted, undeveloped tracts that include lands dedicated to the City of Madison (the “City”). Such leases shall be subject to the following general terms and conditions:
1. The term of the lease shall be for one year and may be renewed for subsequent one-year terms upon agreement of the parties.
2. The tenant farmer shall pay the City annual rent to be negotiated with the Manager of the O...
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