City of Racine - File #: 0411-18

• File #: 0411-18
• Version: A
• Name: Communication from the Assistant Commissioner of Public Works/Operations submitting a lease agreement for the Wisconsin Department of Corrections for office space in the City Hall Annex. (Res. 0139-18)
• Type: Communication
• Status: Passed
• File created: 4/18/2018
• In control: Public Works and Services Committee
• Final action: 5/1/2018
• Title: Subject: (Direct Referral) Communication from the Assistant Commissioner of Public Works/Operations submitting a lease agreement for the Wisconsin Department of Corrections for office space in the City Hall Annex. (Res. 0139-18) Recommendation of the Public Works and Services Committee on 04-24-18: That the Mayor and City Clerk be authorized and directed to enter into a 5-year lease agreement, with two additional 3-year extensions, with the Wisconsin Department of Corrections for the use of office space in the City Hall Annex. The term of the lease will be from June 1, 2018 through May 31, 2023. Fiscal Note: The rental agreement will result in $96,307.96 of additional revenue in the first year of the agreement and will increase by 1.75% annually for the balance of the agreement.
• Related files: Res.0139-18

Date	Ver.	Action By	Action	Result
5/1/2018	A	Common Council	Approved as Presented	Pass
4/24/2018	A	Public Works and Services Committee	Recommended For Approval

Title

Subject: (Direct Referral) Communication from the Assistant Commissioner of Public Works/Operations submitting a lease agreement for the Wisconsin Department of Corrections for office space in the City Hall Annex. (Res. 0139-18)

Recommendation of the Public Works and Services Committee on 04-24-18: That the Mayor and City Clerk be authorized and directed to enter into a 5-year lease agreement, with two additional 3-year extensions, with the Wisconsin Department of Corrections for the use of office space in the City Hall Annex.  The term of the lease will be from June 1, 2018 through May 31, 2023.

Fiscal Note: The rental agreement will result in $96,307.96 of additional revenue in the first year of the agreement and will increase by 1.75% annually for the balance of the agreement.