Number
180558
Version
SUBSTITUTE 1
Reference
021307
Sponsor
ALD. ZIELINSKI
Title
Substitute resolution approving a new lease agreement with Giri Corporation d/b/a Stone Creek Coffee for land located at 2270 South Kinnickinnic Avenue, in the 14th Aldermanic District.
Analysis
This substitute resolution authorizes the Commissioner of the Department of City Development to enter into a new lease agreement because the existing lease agreement has expired.
Body
Whereas, On January 22, 2003, the Common Council of the City of Milwaukee adopted File No. 021307, which approved a Lease Agreement between the City of Milwaukee (“City”) and Stone Creek Coffee for the property located at 2270 South Kinnickinnic Avenue, whereby Stone Creek Coffee leased the City’s lot for accessory outdoor seating and green space (“Lease Agreement”) adjacent to a commercial property Giri Corporation d/b/a Stone Creek Coffee leases for use as a coffee roaster and wholesale and retail outlet; and
Whereas, The Lease Agreement had a three-year term with an option to extend for three successive periods, the first of which was for two years and the next two were for five years each; and
Whereas, The term, including the three extensions, of the Lease Agreement expired May 31, 2018 and the parties wish to enter into a new lease agreement (“New Lease Agreement”); and
Whereas, The Department of City Development recommends approval of a New Lease Agreement that is coterminous with Giri Corporation d/b/a Stone Creek Coffee's lease for the adjoining property and in consideration of Giri Corporation d/b/a Stone Creek Coffee's commitment to improve and maintain the land at its sole expense; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Commissioner of the Department of City Development is directed to cause the preparation and execution of a New Lease Agreement with Giri Corporation d/b/a Stone Creek Coffee for the property located at 2270 South Kinnickinnic Avenue, said New Lease Agreement to contain use and payment provisions as outlined above and all other terms and conditions deemed necessary to protect the City's interest; and, be it
Further Resolved, That upon termination of the New Lease Agreement, maintenance responsibility will revert to the Department of Public Works.
Drafter
DCD:Amy.Turim:aet
07/12/18