Fiscal Note
The proposed resolution authorizes an amended lease between the City of Madison and MESC, LLC for the property located at 2713 East Washington Avenue. The amendment will expand into the adjacent suite to the Leased Premises, which is approximately 1,664 net square feet, for the period from October 1, 2020 through December 31, 2021. The additional lease expense totals $16,128, $3,225 of which will be incurred in 2020. The Clerk’s 2020 adopted operating budget will be absorb this cost. No additional City appropriation is required.
Title
Authorizing the Mayor and the City Clerk to execute a First Amendment to Lease with MESC, LLC for the property located at 2713 East Washington Avenue for storage space. (6th A.D.)
Body
WHEREAS, MESC, LLC (“Lessor”), is the owner of the commercial building located at 2713 East Washington Avenue (“Building”); and
WHEREAS, the Lessor and the City are parties to that certain Lease dated December 1, 2016
and recorded December 21, 2016 with the Dane County Register of Deeds as Document No.
5293840 (“Lease”); and
WHEREAS, the City of Madison (“City”) currently leases approximately 3,200 net square feet of the Building for use by the City Clerk for storage purposes; and
WHEREAS, the City desires to lease additional space that is adjacent to the current Leased Premises to store the plexiglass screens that will be used at the polls paid for by the grant approved by the Common Council on July 14, 2020 (RES-20-00472); and
WHEREAS, the terms of an amendment to the Lease have been negotiated between the Lessor
and the City’s Office of Real Estate Services.
NOW, THEREFORE, BE IT RESOLVED, in consideration of the foregoing recitals, that the
Mayor and City Clerk are hereby authorized to execute a First Amendment (“First Amendment to Lease”) under substantially, but not exclusively, the following terms:
1. Amend the Lease to add Paragraph 36 as follows:
36. Expansion. The City would like to expand into the adjacent suite to t...
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