Title
CDA Resolution 4218, Authorizing a space use agreement with Madison Area Technical College for two storage lockers in the north building located at 2202 S. Park Street within The Village on Park
Body
WHEREAS, the CDA is the owner of certain real property located at 2300 South Park Street, Madison, Wisconsin (the “Property”), more particularly described in the attached Exhibit A; and
WHEREAS, the Property is improved with a commercial building known as The Village on Park (the “Building”); and
WHEREAS, the User would like to use two storage areas in the basement of the office space situated at the north end of the Building (“North Building”); and
WHEREAS, the parties agree to enter into this agreement to set forth the terms and conditions of the User’s use of such space.
NOW THEREFORE BE IT RESOLVED that the Community Development Authority of the City of Madison (the “CDA”) hereby authorizes a space use agreement (the “Agreement”) with Madison Area Technical College within The Village on Park on the following terms and conditions:
1. Premises. The CDA hereby grants the User the right to occupy and use that certain portion of basement in the North Building consisting of two fenced storage areas (the “Premises”), as depicted in the attached Exhibit B, pursuant to the provisions herein.
2. Term. This Agreement shall be for a term of approximately one (1) year, beginning as of April 8, 2017 (the “Effective Date”) and expiring at midnight on April 1, 2018 (the “Expiration Date”), unless terminated earlier in accordance with the provisions of Paragraph 12.
3. Hold Over. The User shall surrender the Premises upon the Expiration Date or termination of this Agreement. Any holdover not consented to by the CDA in writing shall not result in a new period of use or interest and, in such case, the CDA may treat the User as a trespasser.
4. Use. The User will occupy and use the Premises for storage purposes only, and for no other purposes whatsoever w...
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