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File #: 970468    Version: 0
Type: Resolution Status: Passed
File created: 6/24/1997 In control: PUBLIC SAFETY COMMITTEE
On agenda: Final action: 7/11/1997
Effective date:    
Title: Resolution authorizing the execution of a five-year lease with the Mitchell Street State Bank, Milwaukee, Wisconsin for a portion of the off-street parking lot located at 1002 West Maple Street. (Department of Public Works)
Sponsors: THE CHAIR
Indexes: LEASES, OFF STREET PARKING, PARKING, PARKING LOTS
NUMB:
970468
VERS:
ORIGINAL
REF:
881982
XXBY:
The Chair
TITL:
Resolution authorizing the execution of a five-year lease with the Mitchell Street State Bank, Milwaukee, Wisconsin for a portion of the off-street parking lot located at 1002 West Maple Street. (Department of Public Works)
ANLS:
_________________________________________________________ -ANALYSIS-
 
This resolution authorizes the proper City officers to execute a five-year lease with the Mitchell Street State Bank for a portion of the off-street parking lot located at 1002 West Maple Street for the use of its drive-in banking facility customers as a means of egress from the drive-in facility. __________________________________________________________
BODY:
Whereas, The City of Milwaukee has entered into a lease and lease extensions through October 31, 1997 with the Mitchell Street State Bank for the off-street parking lot located at 1002 West Maple Street; and
 
Whereas, The Mitchell Street State Bank has requested that this lease be renewed for a five-year term beginning on the first day of November 1997, under the same terms and conditions as the original lease and extensions, at a rental rate of Four Hundred Fifty Dollars ($450.00) per year; and
 
Whereas, The leased premises shall be used by Mitchell Street State Bank for the use of its drive-in banking facility customers as a means of egress from the drive-in facility; and
 
Whereas, There is sufficient off-street public parking in this area, and no additional public parking needs have been identified for these premises; now, therefore, be it
 
Resolved, By the Common Council of the City of Milwaukee, that the proper City officers are hereby authorized to enter into a five-year lease with the Mitchell Street State Bank, Milwaukee, Wisconsin, beginning on the first day of November, 1997, and ending on the thirty-first day of October, 2002, with two five (5) year extensions permitted at the option of the City, for the off-street parking lot located at 1002 West Maple Street at the rental rate of Four Hundred Fifty Dollars ($450.00) per year.
DFTR:
DPW/Administration, Parking
EDS:SM:SJW
05/13/97
CATTng
EDS:SM:SJW
05/13/97
CATT