Fiscal Note
The proposed resolution authorizes an amendment to the existing three (3) year agreement with the possibility of two (2) one-year renewals with Robert Krebs, d/b/a The Madison Sailing Center at Warner Park. The existing agreement was passed via RES 22-00193 (Legistar #70226) on March 29, 2022 and was enacted in May 2022. The proposed amendment expands the sailboat storage area by approximately 1429 square feet at Warner Park for the years of 2024-2026. With the amendment, projected revenues are expected to increase by $583 in 2024, $600 in 2025, and $680 in 2026. The new payment schedule with the increases will be: $6,408 in 2024; $6,600 in 2025; and, $6,855 in 2026. No additional appropriation is required.
Title
Authorizing the Mayor and the City Clerk to execute an amendment to the agreement with Robert Krebs, d/b/a/ The Madison Sailing Center to expand the area of the sailboat storage area at Warner Park for the years of 2024-2026 (District 18).
Body
WHEREAS, on May 24, 2022, the City and Robert Krebs, d/b/a The Madison Sailing Center, entered into an Operating Agreement for Warner Park Sailboat Storage and Instruction for the 2022-2026 Permit Years (the “Agreement”) which Agreement set forth the terms and conditions for Krebs’ use of the sailboat storage area at Warner Park (hereinafter, the “Premises”) to conduct rental, instructional and concession activities through 2026; and,
WHEREAS, Krebs desires to expand the Premises by approximately 1429 square feet, which the Parks Division is agreeable to, subject to the terms of the amendment.
NOW, THEREFORE, BE IT RESOLVED that the Mayor and City Clerk are authorized to execute the First Amendment to the Operating Agreement for Warner Park Sailboat Storage and Instruction with Robert Krebs, d/b/a/ The Madison Sailing Center, for the expanded use of the sailboat storage area at Warner Park consistent with the First Amendment attached and incorporated hereto, in a format that is approved by th...
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