City of Madison - File #: 38879

• File #: 38879
• Version: 2
• Name: Holmes Tire Resolution_73 W Beltline
• Type: Resolution
• Status: Granted
• File created: 6/9/2015
• In control: BOARD OF ESTIMATES (ended 4/2017)
• On agenda: 7/7/2015
• Final action: 7/7/2015
• Enactment date: 7/9/2015
• Enactment #: RES-15-00571
• Title: SUBSTITUTE Authorizing the execution of a Lease between between the City of Madison and Brad Binkowski Nob Hill Investments LLC for space within a building located at 73 West Beltline Highway for the temporary location of the Water Utility’s vehicle maintenance operations and facilities.
• Sponsors: Sheri Carter

Date	Ver.	Action By	Action	Result
7/7/2015	1	COMMON COUNCIL	Adopt Substitute	Pass
6/29/2015	1	BOARD OF ESTIMATES (ended 4/2017)	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
6/23/2015	1	WATER UTILITY BOARD	Return to Lead with the Recommendation for Approval	Pass
6/16/2015	1	BOARD OF ESTIMATES (ended 4/2017)	Referred
6/16/2015	1	COMMON COUNCIL	Refer	Pass
6/9/2015	1	Economic Development Division	Referred for Introduction

Fiscal Note
Funding for the lease payments is included in the Water Utility's 2015 Capital Budget, Project #10, Paterson St. Building Remodel/Upgrade. Any additional operating expenses are expected to be normal and minimal and will be funded through the Water Utility's operating budget. No appropriation is required.

Title
SUBSTITUTE Authorizing the execution of a Lease between between the City of Madison and Brad Binkowski Nob Hill Investments LLC for space within a building located at 73 West Beltline Highway for the temporary location of the Water Utility’s vehicle maintenance operations and facilities.
Body
The Water Utility’s Operations Center located at 110 South Paterson Street is scheduled to be rebuilt beginning in September 2015 with completion in late 2016. During the construction period the Utility’s vehicle maintenance operations and facilities will need to be temporarily relocated. Terms and conditions for a lease for space within a building located at 73 West Beltline Highway, Town of Madison, WI (the former Holmes Tire building) have been negotiated between the City and the owner Brad Binkowski Nob Hill Investments LLC.

NOW, THEREFORE, BE IT RESOLVED that the Common Council of the City of Madison hereby authorizes the execution of a Lease between the City of Madison (the “City”) and Brad Binkowski Nob Hill Investments LLC (the “Lessor”), or assigns, for the lease of space within a building (the “Building”) located at 73 West Beltline Highway, Town of Madison, Wisconsin (the “Property”), as legally described below, for the temporary relocation the Water Utility’s vehicle maintenance operations and facilities, on the following terms and conditions:

1. Leased Premises: The “Leased Premises” consists of two (2) sections within the Building: the Front Section (6,7290 square feet), and the Middle Section (6,240 square feet) for a total of approximately 12,960 square feet, as shown on the attached Exhibit A.

2. Lease Term: The “Lease Term” shal...