Fiscal Note
The revenues from this lease extension (starting at $2,460 per year) will be deposited into the Parks Divison Community Service revenue account.
Munis 51110-43522, charge code 51131.
Title
Authorizing the Mayor and City Clerk to execute a lease with Mendota Yacht Club Inc. for a sailboat launch, retrieval and storage area within Burrows Park.
Body
WHEREAS, the existing lease between the City and the Mendota Yacht Club Inc. for a portion of Burrows Park expired on April 30, 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, Mendota Yacht Club Inc. desires to continue to lease the same area within Burrows Park for sailboat launching, retrieval and storage purposes; and
WHEREAS, such a lease is in the public interest as it will facilitate public access to Lake Mendota; and
WHEREAS, the terms of a new Lease have been negotiated between Mendota Yacht Club Inc. and the City of Madison Parks Division and Office of Real Estate Services staff.
NOW THEREFORE BE IT RESOLVED that the Mayor and City Clerk are authorized to execute a Lease with Mendota Yacht Club Inc. (the “Lessee”) for the Lessee’s continued use of a portion of Burrows Park located at 25 Burrows Road, as more particularly described and depicted on attached Exhibit A, subject to the following terms and conditions:
1. The Lease shall be for a term of two (2) years, commencing as of May 1, 2014 and expiring on April 30, 2016.
2. The Lessee shall use the Leased Premises for the continued maintenance and operation of its existing rail-track cart and storage system providing for the launching, retrieval and exterior storage of scow sailboats. In addition, the Lessee shall, at its own expense, provide a maximum of two (2) piers. The cart and storage system and piers are hereinafter collectively referred to as the “Facilities.”
3. The Lessee shall pay to the City annual rent as follows:
Lease Year Annu...
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