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File #: 39501    Version: 1 Name: 10757 Metro Satellite Facility 7613 Airport Rd
Type: Resolution Status: Passed
File created: 7/28/2015 In control: BOARD OF ESTIMATES (ended 4/2017)
On agenda: 9/1/2015 Final action: 9/1/2015
Enactment date: 9/4/2015 Enactment #: RES-15-00679
Title: Authorizing the execution of a Lease between the City of Madison and Madison Golf & Development Group, LLC for space within two buildings located at 7613 Century Avenue, Middleton for the storage of Madison Metro Transit’s buses serving the west side of the City. In connection with this Lease, the authorization to amend Madison Metro Transit’s 2015 adopted operating budget by $73,130.
Sponsors: Paul E. Skidmore, Chris Schmidt
Fiscal Note
The resolution will authorize a five-year lease to house 15 busses serving the west side of Madison. The annual lease cost will be $80,000, with a 2% increase each year during the span of the agreement. Additionally, the resolution authorizes $53,100 to perform necessary upgrades to the exterior of the facility. The source of funds for this amendment are reserves within the Metro enterprise fund. The total fiscal impact of the proposed resolution is $237,962.

Title
Authorizing the execution of a Lease between the City of Madison and Madison Golf & Development Group, LLC for space within two buildings located at 7613 Century Avenue, Middleton for the storage of Madison Metro Transit’s buses serving the west side of the City. In connection with this Lease, the authorization to amend Madison Metro Transit’s 2015 adopted operating budget by $73,130.
Body
Madison Metro Transit is looking for a satellite facility to serve the west side of Madison. The project located at 7613 Century Avenue in Middleton is a good fit since it can house roughly 15 buses in the 15,125 square foot cold storage building, and has a small office to support this use. The term is for five years; however, the Landlord can terminate the lease effective the third year of the term with a nine month notice to the City. In the event the Landlord exercises it termination rights it will credit the City for the unamortized tenant improvement balance against the monthly rent.

The two driveway entrances need improvements such that the buses can ingress/egress properly without damage thereto. In addition there are two pot holes that need to be repaired. Collectively, these improvements equal (the “Exterior Work”) $53,130 per the lowest bid. Madison Metro is requesting that its adopted 2015 operating budget be amended by $71,130 for the Exterior Work and the three months of Rent. The Landlord will make the improvements and the City will reimburse the Landlord upon completion.

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