Fiscal Note
This lease requires the lessee to pay a monthly rent of $950 less caretaker credit of $500 per month. The lessee will pay all utilities. The funds will be deposited in the Parks Facility Maintenance Operating Lease Payments account.
Title
Authorizing the execution of a lease between the City of Madison and Charles Romines providing for occupancy and maintenance of a City owned house and park maintenance in Owen Conservation Park. 6021 Old Sauk Rd.
Body
Since the acquisition of the property and the accompanying house, the City of Madison has arranged for a Park’s Division employee caretaker at Owen Conservation Park. Effective June 15, 2013, the former caretaker has given notice that he would be moving out and not providing caretaker services for the house and property. Here to for, the rent was set at $350 with a $300 deduction of rent for caretaker responsibilities, therefore a net rent of $50. Madison Parks is updating the rent, terms and lease to be more comparable to market conditions.
NOW, THEREFORE, BE IT RESOLVED that the Mayor and City Clerk are authorized to execute a lease between the City of Madison( the “Lessor) and Charles Romines (“Lessee”) subject to the following terms and conditions:
1. The term of the lease (the “Lease Term”) shall be five (5) years commencing on August 1, 2013 and ending on August 1, 2018.
2. At the expiration of the lease, if mutually acceptable to Lessor and Lessee the lease can be extended for up to three (3) successive terms of one (1) year.
3. The space located at Owen Conservation Park, 6021 Old Sauk Rd. (the “Leased Premises”) shall consist of a two-story house containing approximately 1500 square feet.
4. The rent shall be $ 950.00 per month less a $ 500 per month credit for caretaker services as described in paragraph 6, leaving a net rental payment of $ 450.00. The lessee shall pay all utilities to the leased premises.
5. The Lessee shall be responsible for normal wear repairs an...
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