Fiscal Note
This resolution provides an annual contribution to the City of Madison by Greyhound Lines, Inc. to help defray maintenance costs at the Dutch Mill Park & Ride lot. It will have a positive impact on the City of Madison's budget during the term of the agreement. During the first year of the agreement, the contribution will be $8,400. The amount will be adjusted each subsequent year based on the Consumer Price Index for Milwaukee-Racine, Wisconsin.
Title
Authorizing the Mayor and the City Clerk to execute an agreement with Greyhound Lines, Inc. to help defray maintenance costs for the Dutch Mill Park & Ride lot for a term of three years (October 1, 2013 - September 30, 2016), with an option for one three-year renewal (October 1, 2016 - September 30, 2019) to be exercised administratively by the Metro Transit General Manager.
Body
PREAMBLE
In May 1984, the State of Wisconsin and City of Madison entered into a Lease Agreement wherein the State would build, at its expense, the Dutch Mill Park & Ride lot, providing major capital maintenance from time to time, and the City would maintain the lot by providing snow clearance, litter clearance, general upkeep, electricity for lighting the lot, signage, and connecting transit service into Madison.
WHEREAS the City of Madison has an agreement with the Wisconsin Department of Transportation wherein the City will maintain the Dutch Mill Park & Ride lot; and,
WHEREAS similar successful agreements with Sam Van Galder, Inc. and Badger Bus Lines, Inc. have been executed in the past; and,
WHEREAS the City wishes to enter into an agreement with Greyhound Lines, Inc. as a user of the lot to help contribute toward maintenance of the lot; and,
WHEREAS the terms of this agreement were negotiated between the City and Greyhound Lines, Inc. and agreed upon,
NOW, THEREFORE, BE IT RESOLVED that the Mayor and the City Clerk are authorized to enter into an agreement with Greyhound Lines, Inc. to accept an annual cont...
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