Fiscal Note
The proposed resolution executes a lease agreement between the City of Madison and Dennis Acker for farming purposes on City of Madison property located in the Town of Middleton. In 2016, the anticipated income from the lease agreement is $5,993.
Title
Authorizing the Mayor and City Clerk to execute a lease for farming purposes with Dennis Acker for 45.34 acres of land located on Meadow Road in the Town of Middleton.
Body
WHEREAS, in 2015 the City of Madison acquired two contiguous parcels of land on Meadow Road in the Town of Middleton (the “Meadow Road Property”) for purposes of transferring Wisconsin DNR Stewardship Grant land use restrictions related to the redevelopment of the Garver Feed Mill property; and
WHEREAS, prior to the City’s purchase, the Meadow Road Property was leased by Dennis Acker for farming purposes; and
WHEREAS, the City of Madison Office of Real Estate Services was recently contacted by Dennis Acker, who is interested in continuing to farm the Meadow Road Property; and
WHEREAS, the City’s future plans for the Meadow Road Property include the expansion of Hill Creek Park and the construction of a public stormwater retention basin and public streets. Also, a portion of the Meadow Road Property will be sold for private development; and
WHEREAS, based on the City’s timeline for development, City Engineering and Parks Division staff support leasing the Meadow Road Property for farming purposes during 2016, and allowing for one-year renewals thereafter upon agreement of the parties; and
WHEREAS, the terms of a Lease have been negotiated between Dennis Acker and the Office of Real Estate Services; and
WHEREAS, City Engineering and Parks Division staff have reviewed the lease terms and recommend entering into the lease with Dennis Acker.
NOW THEREFORE BE IT RESOLVED that the Mayor and City Clerk are authorized to execute a lease with Dennis Acker (the “Lessee”) allowing for the use of 45.34 tillable acres of land for farm...
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