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File #: 68962    Version: 1 Name: 4314 - East Rail Corridor Lease
Type: Resolution Status: Passed
File created: 12/27/2021 In control: BOARD OF PUBLIC WORKS
On agenda: 2/1/2022 Final action: 2/1/2022
Enactment date: 2/3/2022 Enactment #: RES-22-00090
Title: Authorizing the City’s execution of a lease with Meyerly Enterprises, LLC, allowing for the use of a portion of the City-owned transportation corridor parcel located at 251 Jackson Street. (6th AD)
Sponsors: Brian Benford
Attachments: 1. 4314 Exhibit - Lease.pdf

Fiscal Note

No additional appropriation required. Annual rent paid to the City in 2022 shall be $3,374.06 and subject to a 3.0% annual increase thereafter while the lease remains in effect.

Title

Authorizing the City’s execution of a lease with Meyerly Enterprises, LLC, allowing for the use of a portion of the City-owned transportation corridor parcel located at 251 Jackson Street. (6th AD)

Body

WHEREAS, the City of Madison (“City”) is the owner of the parcel of land addressed as 251 Jackson Street (“City’s Property”), which property is part of the City’s East Rail Corridor; and

 

WHEREAS, Meyerly Enterprises, LLC (“Lessee”), is the owner of abutting property located at 2322-2326 Atwood Avenue (“Abutting Property”); and

 

WHEREAS, the City’s Property and the Abutting Property are legally described and depicted in Exhibits A-E in the attached Exhibit - Lease; and

 

WHEREAS, the Lessee and their tenant businesses use a portion of the City’s Property for primarily outdoor patio seating space, which includes various existing patio, walkway, and landscaping improvements; and

 

WHEREAS, to formalize the Lessee’s use of the City’s Property, the terms of a lease (“Lease”) have been negotiated between the City’s Office of Real Estate Services and the Lessee; and

 

WHEREAS, City 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 the Lease, substantially, though not exclusively, on the terms and conditions detailed in the Lease, attached to this resolution as Exhibit - Lease, and take any further action required to accomplish the purpose of this resolution in a form approved by the City Attorney.