Fiscal Note
This lease requires the City to pay initial estimated annual rent of $108,565.54. Rent is subject to a 2% increase every year. Under the terms of the Sublease, CARPC shall pay to the City a pro-rata share of such rent based on the square footage allocation of space between MPO and CARPC staff. Such pro-rata share is estimated to be 50% (which would equate to $54,282.77 for the first year’s rent). Funding for 2019 is included in the Planning Division’s 2019 Adopted Operating Budget for the MPO. Funding beyond 2019 will be included in future operating budgets.
Title
SECOND SUBSTITUTE - Authorizing the execution of a lease with Frank Liquors of La Crosse, Inc. for office space located at 100 State Street for the Madison Area Transportation Planning Board - A Metropolitan Planning Organization (“MPO”), and authorizing the execution of a Sublease with the Capital Area Regional Planning Commission (“CARPC”) to allow CARPC shared use of such office space. (4th A.D.)
Body
WHEREAS, since January 2000 the City of Madison has been responsible for providing professional staff services to the Madison Area Transportation Planning Board (“MATPB”), the designated metropolitan planning organization (“MPO”) for the Madison area, as provided in the MPO designation agreement; and,
WHEREAS, the City of Madison is the administrative and fiscal agent for the MPO and receives federal and state funding, which covers 85% of the MPO budget; and,
WHEREAS, since January 2000, staff of the MPO, part of the City’s Planning Division, have been operating from leased office space located at 121 South Pinckney Street; and,
WHEREAS, staff of the Capital Area Regional Planning Commission (“CARPC”), the regional land use and environmental planning agency, currently operate from space in the City-County Building; and,
WHEREAS, the policy boards of the MPO and CARPC recently approved a report of a joint workgroup for the two agencies that was charged with developing ideas for bette...
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