Fiscal Note
The proposed resolution authorizes the execution of a lease with Blackhawk Neighborhood Home Owners Association, Inc. allowing for the installation of a private fountain system within the Storm Water Utility parcel. The term of the lease is five (5) years and the lessee will pay the City annual rent of one dollar ($1.00). The lease will renew automatically for successive one (1) year terms under the same terms and conditions unless terminated earlier in accordance with the terms of the lease. The lease will be automatically renewed for no more than twenty (20) successive one (1) year terms.
In addition, the lessee will pay the City $500 for an administrative fee and $1,500, which will be held as security for the full performance by the lessee of all the terms, covenants and conditions of the lease. No appropriation is required.
Title
Authorizing the execution of a lease with Blackhawk Neighborhood Home Owners Association, Inc. allowing for the installation of a private fountain system within the Storm Water Utility parcel located at 9306 Old Sauk Road. (9th A.D.)
Body
WHEREAS, Blackhawk Neighborhood Home Owners Association, Inc. (the "Lessee") is a homeowner’s association headquartered at 1080 N. Pleasant View Road, Middleton, Wisconsin 53562; and
WHEREAS, the Lessee desires to lease property owned by the City, located at 9306 Old Sauk Road, City of Madison, Wisconsin, more particularly described on attached Exhibit A and depicted on Exhibit B (the “City’s Property”) for the purpose of installing, maintaining and operating a fountain within the wet detention basin located thereon; and
WHEREAS, the City’s Property was designated in part for use as a storm water detention facility pursuant to the plat of Fourth Addition to Blackhawk Subdivision; and
WHEREAS, City of Madison Engineering Division staff have reviewed and approve of the lease arrangement.
NOW, THEREFORE, BE IT RESOLVED that the Mayor and City Clerk are authorized to execute a leas...
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