Fiscal Note
During the first lease year, estimated annual rent of $778.12 will be deposited into the General Fund (Acct. No. GN01-78220). Rent is subject to increase each year thereafter.
Title
Authorizing the Mayor and City Clerk to execute a lease with Lake Monona Sailing Club, Inc. allowing for the continued use of part of Olin-Turville Park to accommodate a pier and boat hoists for private sailboats and no more than three commercial boats.
Body
WHEREAS, the existing lease between the City of Madison and Lake Monona Sailing Club, Inc. (the “Club”) for a portion of Olin-Turville Park expired on April 14, 2014, and the Club continues to occupy and use the leased premises as a hold over tenant on a month-to-month basis; and
WHEREAS, the Club desires to continue to lease the same area within Olin-Turville Park to accommodate a pier and boat hoists for the storage of private sailboats and no more than three (3) commercial boats; and
WHEREAS, the grant of such a lease is in the public interest as it will facilitate public access to Lake Monona; and
NOW THEREFORE BE IT RESOLVED that the Mayor and City Clerk are authorized to execute a lease with Lake Monona Sailing Club, Inc. (the “Lessee”) allowing for the use of a portion of Olin-Turville Park for the installation of a pier and boat hoists, subject to the following terms and conditions:
1. The area to be leased (the “Leased Premises”) is described and depicted on attached Exhibit A.
2. The Lessee shall use the Leased Premises for the installation and use of a pier and boat hoists (collectively, the “Facilities”) for the storage of private sailboats and no more than three (3) commercial boats.
3. The lease shall be for a term of two (2) years, commencing as of April 15, 2014 and expiring on April 14, 2016.
4. The Lessee shall pay to the City annual rent at the rates set forth on attached Exhibit B.
5. Provided the Lessee is not in default, the Lessee shall have the right to renew the lease for four (4) su...
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