Number
130586
Version
ORIGINAL
Reference
110720
Sponsor
The Chair
Title
Resolution extending the current Lease Agreement between the City of Milwaukee, Milwaukee Public Library and the Milwaukee County Federated Library System for office space at the Central Library.
Analysis
This resolution authorizes the lease of approximately 6,256 square feet of space at the Central Library by the Milwaukee County Federated Library System in 2014 and 2015 for a total of $252,000.
Body
Whereas, The Milwaukee Public Library and the Milwaukee County Federated Library System have previously entered into an agreement pertaining to providing library service as the Resource Library, pursuant to Chapter 43, Wisconsin Statutes; and
Whereas, The Milwaukee County Federated Library System agreed to pay $475,000 in lease payments over a 7-year period beginning January 1, 1994, through December 31, 2000; and
Whereas, In 1997, the Milwaukee County Federated Library System agreed to a 2-year extension through December 31, 2002, at the annual sum of $100,000; and
Whereas, In 2000, the Milwaukee County Federated Library System agreed to an extension through December 31, 2005, at the annual sum of $102,500 in 2001 and 2002 and $105,000 in 2003, 2004 and 2005; and
Whereas, In 2006, the Milwaukee County Federated Library System agreed to a 2-year extension through December 31, 2007, at an annual sum of $115,000; and
Whereas, The Milwaukee County Federated Library System agreed to a 2-year extension through December 31, 2009, at an annual payment of $119,250 in 2008 and $122,000 in 2009; and
Whereas, The Milwaukee County Federated Library System agreed to extend the lease through December 31, 2011, at an annual payment of $122,000 in 2010 and $126,000 in 2011; and
Whereas, The Milwaukee County Federated Library System agreed to extend the lease through December 31, 2013, at an annual payment of $126,000 in 2012 and $126,000 in 2013; and
Whereas, The Milwaukee County Federated Library System has agreed to extend the lease through December 31, 2015, at an annual payment of $126,000 in 2014 and $126,000 in 2015; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the City of Milwaukee enter into a 2-year extension with the Milwaukee County Federated Library System for lease of space within the Central Library; and, be it
Further Resolved, That the City Comptroller is hereby authorized to receive and deposit these funds into Milwaukee Public Library's estimated revenue account 0001-8610-941348.
Requestor
Library Board
Drafter
WPL:jj
08/27/2013