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File #: 47677    Version: 1 Name: 11349 Lease Goodman Brass Works Transportation Corridor
Type: Resolution Status: Passed
File created: 6/13/2017 In control: FINANCE COMMITTEE
On agenda: 7/11/2017 Final action: 7/11/2017
Enactment date: 7/18/2017 Enactment #: RES-17-00585
Title: Authorizing the Mayor and City Clerk to execute a lease with Irwin A. and Robert D. Goodman Community Center, Inc. for a portion of the City’s East Rail Corridor located adjacent to 214 Waubesa Street.
Sponsors: Marsha A. Rummel
Attachments: 1. 11349 Exhibit A.pdf, 2. 11349 Exhibit B.pdf, 3. 11349 Exhibit C.pdf
Fiscal Note
The proposed resolution authorizes execution of a lease with Irwin A. and Robert D. Goodman Community Center, Inc. for a portion of City property adjacent to 214 Waubesa Street. The lease will accommodate building encroachments and for use ancillary to community center operations. Annual rent payable for the first lease year shall be in the amount of $2,665.00 and shall be deposited into the General Fund (MUNIS charge code 63026). Rent shall be subject to a five percent increase every five years.
Title
Authorizing the Mayor and City Clerk to execute a lease with Irwin A. and Robert D. Goodman Community Center, Inc. for a portion of the City’s East Rail Corridor located adjacent to 214 Waubesa Street.
Body
WHEREAS, the City is the owner of the parcel of land located at 152 Waubesa Street (the “City’s Property”), which property is former railroad right-of-way and was acquired by the City for future transportation purposes; and

WHEREAS, Irwin A. and Robert D. Goodman Community Center, Inc. (the “Owner”) is the new owner of property abutting the City’s Property located at 214 Waubesa Street (the “Abutting Property”); and

WHEREAS, the Owner is redeveloping the Abutting Property as a community center, and the existing building that will remain intact encroaches into the City’s Property; and

WHEREAS, the Owner desires to lease the Abutting Property from the City to accommodate the building encroachments and to also allow for the placement, installation and use of bike racks, landscaping and hardscaping improvements and open space use, which uses shall be ancillary to the community center operations at the Abutting Property; and

WHEREAS, the terms of a lease have been negotiated between the Office of Real Estate Services and the Owner.

WHEREAS, City of Madison Engineering Division, Traffic Engineering and Planning Division staff have reviewed and approve of the lease arrangement, and the lease has been reviewed and approved by the Risk Manager and Cit...

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