City of Madison, Wisconsin | Legislative Information Center
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File #: 60352    Version: 1 Name: 12097 - Metro Bus Parking Lease former Menards
Type: Resolution Status: Passed
File created: 4/28/2020 In control: FINANCE COMMITTEE
On agenda: 5/19/2020 Final action: 5/19/2020
Enactment date: 5/27/2020 Enactment #: RES-20-00390
Title: Authorizing the execution of a four-month Lease Agreement between the City of Madison and Journeymen Plumbers’ and Gasfitters’ Association, Local No. 75 for the City’s lease of a portion of the property located at 2102 East Springs Drive for temporary Metro bus parking purposes. (17th AD)
Sponsors: Samba Baldeh
Attachments: 1. 12097 Exhibit A Legal Description.pdf, 2. 12097 Exhibit B Parking Area.pdf
Fiscal Note
The estimated lease cost for this parcel is $40,000 over the lease term of four months. Funding for this lease is to come from Metro’s Facility Repairs and Improvements Capital Program (11229-85-140-144403). The temporary Metro bus parking is needed for renovations currently being done at 1101 E Washinghton Avenue. No additional City appropriation is required.
Title
Authorizing the execution of a four-month Lease Agreement between the City of Madison and Journeymen Plumbers’ and Gasfitters’ Association, Local No. 75 for the City’s lease of a portion of the property located at 2102 East Springs Drive for temporary Metro bus parking purposes. (17th AD)
Body
WHEREAS, Journeymen Plumbers’ and Gasfitters’ Protective and Benevolent Association, Local No. 75 of the United Association of Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry of the United States and Canada (“Lessor”) is the owner of the former Menards warehouse, surrounding lumberyard, and parking lot located at 2102 East Springs Drive, Madison, Dane County, Wisconsin (“Property”), which is legally described on attached Exhibit A and depicted on attached Exhibit B; and

WHEREAS, the City of Madison (“City”) desires to exclusively occupy and use a portion of the Property for Madison Metro Transit System (“Metro”) bus parking, and Lessor desires to allow such occupancy and use, subject to the terms and conditions contained herein.


NOW, THEREFORE, the City and the Lessor (“Parties”) mutually agree as follows:

1. Property. Lessor hereby grants the City a lease of the Property consisting of approximately sixty-five thousand square feet of outdoor storage within the Property, subject to the terms and conditions set forth in this Lease.

2. Term. This Lease shall be for an initial term of approximately four (4) months, beginning as of the date on which this Lease is executed (“Commencement Date”), and expiring at 11:59 p.m. on the date (“Expiration Date”) that is the last d...

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