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File #: 49719    Version: 1 Name: 11349 Goodman Community Center Lease Amendment
Type: Resolution Status: Passed
File created: 11/30/2017 In control: FINANCE COMMITTEE
On agenda: 1/16/2018 Final action: 1/16/2018
Enactment date: 1/22/2018 Enactment #: RES-18-00071
Title: Authorizing the execution of a First Amendment to Lease pertaining to 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 RES-17-00585 binder.pdf
Fiscal Note
The proposed resolution converts the existing lease agreement with Goodman Community Center Inc. for a portion of City property to a no-cost arrangement. This resolution reduces the annual rental revenue amount to the General Fund from $2,665 to $0.

Title
Authorizing the execution of a First Amendment to Lease pertaining to 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 of Madison (“City”) and Irwin A. Goodman and Robert D. Goodman Community Center, Inc. (“Goodman”) are parties to a lease, dated September 28, 2017 and recorded with the Dane County Register of Deeds on October 3, 2017 as Document No. 5361800 (the “Lease”); and

WHEREAS, the Lease was authorized pursuant to Resolution Enactment No. RES-17-00585, File No. 47677, adopted by the Common Council on July 11, 2017 (the “Resolution”); and

WHEREAS, the Lease allows for Goodman’s use of a portion of the City’s East Rail Corridor located adjacent to 214 Waubesa Street, the site of Goodman’s future Brassworks facility, for purposes of accommodating existing building encroachments; the placement, installation and use of bike racks, landscaping and hardscaping improvements; private storm sewer facilities; and open space use; and

WHEREAS, the Lease provides that annual rent payable to the City shall be $2,665.00 and shall increase by five percent (5%) every five (5) years; and

WHEREAS, Irwin A. Goodman and Robert D. Goodman Community Center, Inc is a private non-profit organization focused on serving Madison’s east side with a variety of services; and

WHEREAS, the new Brassworks facility will allow Goodman to better meet the growing needs of the Madison community with the construction of over 30,000 square feet for education, employment and enrichment programming for youth, as well as community rooms; and

WHEREAS, Given Goodman’s role as a non-profit community cen...

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