Fiscal Note
The proposed resolution authorizes the execution of a lease with Madison Area Technical College District to allow the District to place a sign on Fire Station #6 property. The initial term of the lease is July 2, 2019 through December 31, 2021. There are no annual rent payments due during the lease period, however, a $500 administrative fee will be paid to the City. The lease may be renewed for four (4) subsequent five (5) year terms, upon written agreement of the City and the District. A $250 administrative fee will be due with each approved renewal. No appropriation is required.
Title
Authorizing the execution of a Lease with Madison Area Technical College District for the use of City-owned property located at 825 W. Badger Road for the placement of an off-premise directional sign on property commonly known as Fire Station #6. (14th AD)
Body
WHEREAS, the City of Madison (“City”) owns and operates Fire Station No. 6 located at 825 W. Badger Road, City of Madison, Dane County, Wisconsin (?City’s Property”), legally described on attached Exhibit A; and
WHEREAS, Madison Area Technical College District (“Lessee”) desires to install an off-premise directional sign structure (?Sign”) on the City’s Property for the benefit of the Lessee’s property located at 2429 Perry Street, Madison, Wisconsin (“Benefitting Property”), also legally described on attached Exhibit A; and
WHEREAS, the City’s Property is zoned CC - Commercial Center, which permits off-premise directional signs, provided the Sign comply with conditions set forth in Madison General Ordinance 31.115; and
WHEREAS, City staff assisted the Lessee with the exact placement and dimensions of the Sign on the City’s Property, to ensure compliance with all applicable Madison General Ordinances; and
WHEREAS, the City and the Lessee have agreed, among other things, to enter into a lease for the Sign.
NOW, THEREFORE, BE IT RESOLVED that the Mayor and City Clerk are authorized to execute a lease (“Le...
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