Number
110611
Version
SUBSTITUTE 1
Reference
020574, 040148
Sponsor
ALD. COGGS
Title
Substitute resolution approving a Second Amendment to the Tot Lot, Parking Lot and Park Lease between the City of Milwaukee and COA Youth & Family Centers and authorizing expenditures, in the 6th Aldermanic District.
Analysis
This substitute resolution authorizes a Second Amendment to the Lease between the City of Milwaukee and COA Youth & Family Centers concerning what is commonly known as Kilbourn Park, in the 6th Aldermanic District, so that COA may add improvements to the amphitheater at the park, so COA may authorize limited amphitheater-naming rights that are terminable by the City when the Lease ends, and it authorizes the City to contribute up to $50,000 toward the following components of the COA amphitheater project - landscaping, additional seating and a new path.
Body
Whereas, Pursuant to Common Council File No. 020574, the City of Milwaukee (“City”) and COA Youth & Family Centers (“COA”) entered into a December 1, 2003 Lease whereby COA leases from the City certain lands south of North Avenue and north of Commerce Street for a term of 25 years, with rent at $1 per year, and with COA agreeing to maintain and operate Kilbourn Park on the “park” part of the leased premises; and
Whereas, Pursuant to Common Council File No. 040148, the City and COA amended the Lease by entering into a “First Amendment to Tot Lot, Parking Lot and Park Lease” dated as of June 18, 2004, pursuant to which COA was allowed limited naming rights for the “bluff” part of the leased premises that are terminable by the City when the Lease ends, so that COA could obtain a million-dollar-endowment grant from the Halbert and Alice Kadish Foundation for on-going maintenance and programming of the leased premises; and
Whereas, COA, under that First Amendment to Lease and the limits therein, allowed the “bluff” part of the premises to be named the Alice Bertschy Kadish Park; and
Whereas, Now ...
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