City of Milwaukee - File #: 141662

• File #: 141662
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 2/10/2015
• In control: COMMON COUNCIL
• Final action: 3/3/2015
• Title: Resolution approving a second amendment of a lease agreement between the Marcus Center for the Performing Arts, Inc. and the City of Milwaukee.
• Sponsors: ALD. BAUMAN
• Indexes: AGREEMENTS, LEASES, PERFORMING ARTS CENTER

Date	Ver.	Action By	Action	Result	Tally
3/10/2015	0	MAYOR	SIGNED
3/3/2015	0	COMMON COUNCIL	ADOPTED	Pass	14:0
2/18/2015	0	PUBLIC WORKS COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individuals present: Mary Schanning - City Attorney's Office Tom Woznick - Parking Operations Manager	Pass	4:0
2/10/2015	0	COMMON COUNCIL	ASSIGNED TO

Number
141662
Version
ORIGINAL
Sponsor
ALD. BAUMAN

Title
Resolution approving a second amendment of a lease agreement between the Marcus Center for the Performing Arts, Inc. and the City of Milwaukee.
Analysis
This Resolution approves the Second Amendment of Lease Agreement Between City of Milwaukee and Marcus Center for the Performing Arts, Inc., which extends the lease term of the existing ground lease for the parking structure for the Marcus Center for the Performing Arts.

Body
Whereas, On February 5, 1969, the City of Milwaukee and Milwaukee County War Memorial Center, Inc. entered into a ground lease agreement concerning the property on which the parking structure for the Marcus Center for the Performing Arts currently sits, which lease was amended by City and Milwaukee County War Memorial Center, Inc., on July 26, 1985; and

Whereas, Milwaukee County War Memorial Center, Inc. assigned its interest in the ground lease to Marcus Center for the Performing Arts, Inc. (“Marcus”), its successor; and

Whereas, Marcus requested from the City an amendment to the ground lease in order to extend the term of the ground lease to accommodate financing for certain repairs and maintenance Marcus intends to undertake on the parking structure; and

Whereas, The attached Second Amendment of Lease Agreement Between City of Milwaukee and Marcus Center for the Performing Arts, Inc. extends the term of the lease for 3 years so that it will expire on December 31, 2022, with an automatic renewal for an additional two years unless either party objects to such renewal; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee that the Second Amendment of Lease Agreement Between City of Milwaukee and Marcus Center for the Performing Arts, Inc. is approved; and, be it

Further Resolved, By the Common Council of the City of Milwaukee that the appropriate City officials are authorized to execute the Second Amendment of Lease Agreement Between City of Milw...