Fiscal Note
The proposed resolution authorizes leasing building space with the Town of Blooming Grove to provide studio space for a commissioned artist to create a piece of permanent public art for the City of Madison. The “Initial Term” of the lease shall be three (3) years and the City will pay annual rent of $2,400 along with estimated monthly utility costs of $200. These expenses will be covered by the Municipal Art Fund, which has approximately $364,000 in available funds.
Title
Authorizing the execution of a lease with the Town of Blooming Grove of space within the building located at 3325 Thurber Avenue for use as an artist studio.
Body
WHEREAS, the Town of Blooming Grove is the owner of the vacant Quonset hut building located at 3325 Thurber Avenue in the Town of Blooming Grove (the “Building”); and
WHEREAS, the Madison Arts Commission has identified funding from the Municipal Art Fund to lease space within the Quonset hut in order to provide studio space for an artist who is being commissioned to create a piece of permanent public art for the City of Madison; and
WHEREAS the Madison Arts Commission will partner with the Madison Public Library Bubbler program to select the artist-in-residence and manage the residency; and
WHEREAS the artist-in-residence may receive additional compensation from the Municipal Art Fund for their work as their project is conceptualized, designed, and approved; and
WHEREAS, the terms of a lease have been negotiated between Planning Division staff, the Office of Real Estate Services and the Town of Blooming Grove.
NOW, THEREFORE, BE IT RESOLVED that the Mayor and City Clerk are authorized to execute a lease (“Lease”) with the Town of Blooming Grove (“Town”), on the following general terms and conditions:
1. Leased Premises. The “Leased Premises” shall consist of approximately 551 square feet of floor space within the building located at 3325 Thurber Avenue, Town of Blooming Grove (“Building”); together with the use...
Click here for full text