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File #: 52986    Version: 1 Name: 3762 Air Space Lease - Meriter S. Brooks & Milton St.
Type: Resolution Status: Passed
File created: 8/27/2018 In control: BOARD OF PUBLIC WORKS
On agenda: 9/4/2018 Final action: 9/25/2018
Enactment date: 9/28/2018 Enactment #: RES-18-00694
Title: Authorizing the Mayor and City Clerk to execute an air space lease with Meriter Hospital Inc. to accommodate a skywalk connecting the two properties located at 202 South Park Street and 36 South Brooks Street. (13th A.D.)
Sponsors: Allen A. Arntsen
Attachments: 1. 3762 Exhibit A.pdf, 2. 3762 Exhibit B.pdf, 3. 3762 Exhibit C.pdf, 4. Link_Ord_File_53004
Fiscal Note
The proposed resolution authorizes an air space lease between the City of Madison and Meriter Hospital, Inc. to accomodate a skywalk. The terms of the air space lease have been negotiated between the City’s Office of Real Estate Services and Meriter and the lease of the necessary air space over public right of way is in accordance with Wisconsin Statutes Section 66.0915(4). Annual rent payable during the first five lease years shall be in the amount of $1,000 and shall be deposited as General Fund revenue. Rent shall be subject to a 10 percent increase every five years beginning on the fifth anniversary of the air space lease.
Title
Authorizing the Mayor and City Clerk to execute an air space lease with Meriter Hospital Inc. to accommodate a skywalk connecting the two properties located at 202 South Park Street and 36 South Brooks Street. (13th A.D.)
Body
WHEREAS, Meriter Hospital Inc. (“Meriter”) is the owner of property located at 202 South Park Street and 36 South Brooks Street (collectively, the “Abutting Properties”); and

WHEREAS, the Abutting Properties are improved with two buildings (the “Buildings”) that are part of the Meriter Hospital campus; and

WHEREAS, as a condition of approval for Meriter’s emergency generator facility project at 36 South Brooks Street, the City requires a new lease for the existing skywalk connecting the buildings located on the Abutting Properties; and

WHEREAS, the terms of an air space lease have been negotiated between the Office of Real Estate Services and Meriter; and

WHEREAS, the lease of the necessary air space over public right of way is in accordance with Wisconsin Statutes Section 66.0915(4).

NOW, THEREFORE, BE IT RESOLVED that the Mayor and City Clerk are authorized to execute an air space lease (“Lease”) with Meriter Hospital Inc. (the “Lessee”) on the following terms and conditions:

1. The City shall lease to the Lessee approximately 1,872 sq. ft. of air space over the South Brooks Street and Mi...

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