Fiscal Note
The proposed resolution authorizes the execution of three separate license agreements with Madison Gas & Electric (MG&E) for the company's use of City-owned property for placement of equipment. Each agreement shall have an initial term of 3 years. The initial annual License Fee for license year one will be $4,000 for each license agreement ($12,000 in total). The License Fee shall increase 4% annually in the initial term of the agreement (License Fee schedule is included on page 14 of Exhibit B). The revenues from the license agreements will be deposited into Madison Water Utility revenue account (86547200-43522). No additional appropriation required.
Title
Authorizing the execution of three (3) separate license agreements with Madison Gas and Electric Company for premises at the Larkin Communications Tower located at 126 Glenway Street, the Spaanem Water Tower located at 4724 Spaanem Avenue, and the Lake View Water Tower located at 1202 Northport Drive. (District 5, District 15, District 18)
Body
WHEREAS, the City is the owner of certain real property located at 126 Glenway Street, Madison, Wisconsin, and depicted on attached Exhibit A (“Larkin Tower Property”); and
WHEREAS, the City is the owner of certain real property located at 4724 Spaanem Avenue, Madison, Wisconsin, and depicted on attached Exhibit A (“Spaanem Water Tower Property”); and
WHEREAS, the City is the owner of certain real property located at 1202 Northport Drive, Madison, Wisconsin, and depicted on attached Exhibit A (“Lake View Water Tower Property”); and
WHEREAS, Madison Gas and Electric Company (“MG&E”) is initiating a new project to update their metering system to replace aging equipment across their service area, and said project will implement an automated meter infrastructure (“AMI”), which uses radio-based technology to remotely collect customer electric and gas usage data in real time from smart meters and eliminates the need for manual meter reads; and
WHEREAS, MG&...
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