Fiscal Note
The proposed resolution authorizes execution of a lease for the use of City-owned property for private parking purposes. Annual rent payable for the first lease year shall be approximately $5,980.20 and deposited into the General Fund. Rent shall be subject to a three percent annual increase.
Title
Authorizing the Mayor and City Clerk to execute a lease with Mullins Family, LLC and Washington Gilman Limited Partnership, allowing for the use of portions of City-owned transportation corridor properties located at 94 S Dickinson St. and 189 S Baldwin St. and a part of inactive E. Main St. right-of-way for private parking purposes. (6th A.D.)
Body
WHEREAS, the City owns properties addressed as 94 S. Dickinson St. and 189 S. Baldwin St., as well as an inactive portion of E. Main St. right-of-way, all as depicted on attached Exhibit A (collectively, the “City’s Property”); and
WHEREAS, Mullins Family, LLC, and Washington Gilman Limited Partnership (collectively, the “Lessee”), own property near the City’s Property, as depicted on Exhibit A and legally described in Exhibit B (“Benefitting Property”); and,
WHEREAS, the Lessee currently leases, for private parking purposes, the portions of the City’s Property depicted and described in Exhibit C (“Leased Premises”), as Assignee to that certain lease dated September 26, 1994, and recorded September 28, 1994, with the Dane County Register of Deeds as Document No. 2634741; as amended by First Amendment to Lease dated April 6, 2011, and recorded April 7, 2011, as Document No. 4756520; and as further amended by Assignment of Lease dated June 7, 2016 and recorded July 7, 2016, as Document No. 5248573; and as further amended by First Notice of Lease Renewal dated July 5, 2016, and recorded July 12, 2016 as Document No. 5249942; and as further amended by Second Notice of Lease Renewal dated March 26, 2018 and recorded March 27, 2018 as Document No. 5397929 (collectively, “Original Lease”); and
WHEREAS, in acco...
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