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File #: 020312    Version: 0
Type: Resolution Status: Passed
File created: 6/4/2002 In control: PUBLIC SAFETY COMMITTEE
On agenda: Final action: 6/25/2002
Effective date:    
Title: Resolution authorizing the execution of a one-year lease with US Bank National Association, successor in interest to Firstar Bank for twenty-two (22) parking spaces located at 930 West Maple Street. (DPW)
Sponsors: THE CHAIR
Indexes: LEASES, OFF STREET PARKING, PARKING, PARKING LOTS
Attachments: 1. DPW Cover Letter.pdf, 2. Lease.pdf, 3. Fiscal Note.pdf
NUMBER
020312
VERSION
ORIGINAL
Reference
 
SPONSOR
The Chair
TITLE
Resolution authorizing the execution of a one-year lease with US Bank National Association, successor in interest to Firstar Bank for twenty-two (22) parking spaces located at 930 West Maple Street. (DPW)
ANALYSIS
This resolution authorizes the proper City officers to execute a one-year lease with US Bank National Association, successor in interest to Firstar Bank, for twenty-two (22)
off-street parking spaces in a lot located at 930 West Maple Street.
BODY
Whereas, The City of Milwaukee has entered into a lease and lease extensions with US Bank National Association, successor in interest to Firstar Bank, for twenty-two (22) off-street parking spaces located at 930 West Maple Street; and
 
Whereas, There has not been a rental increase on this property since 1993; and
 
Whereas, US Bank National Association, successor in interest to Firstar Bank, has requested that this lease be established for a one-year term commencing July 1, 2002, under the same terms and conditions as the former leases and extensions with the exception of the rent which will be increased from $125 per month to $150 per month and for which there will be two one-year extensions; and
 
Whereas, No additional public parking needs have been identified for this lot; 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 one-year lease with US Bank National Association, successor in interest to Firstar Bank, beginning July 1, 2002, with two one-year extensions permitted at the option of the City, for twenty-two spaces in the lot located at 930 West Maple Street for $150, payable in advance to the City of Milwaukee.
REQUESTOR
DPW-ADM
DRAFTER
CA/cp
5/15/02
 
DOC:  930 W Maple lease.res