FACILITIESPENDING

City of Madison Finance Committee Agenda 2026-06-01

City to lease Beltline warehouse for election storage

$7,197 base rent per month plus estimated $2,699 CAM and $2,075 utilities/maintenance/cleaning; total estimated $438,807 over 36 monthsCity of Madison3517 WEST BELTLINE LLCJune 1, 2026

Trusted by teams at

Description

The City of Madison plans to execute a 36‑month triple‑net lease with 3517 West Beltline LLC for warehouse space to store election equipment displaced by renovations at 2002 Pankratz Street. The agreement, estimated at $438,807 over the initial term, includes landlord‑funded build‑out, ADA upgrades, and options for three additional one‑year renewals.

Contract Details

Contract Amount

$7,197 base rent per month plus estimated $2,699 CAM and $2,075 utilities/maintenance/cleaning; total estimated $438,807 over 36 months

Vendor

3517 WEST BELTLINE LLC

Agency

City of Madison, WI

Contract Type

FACILITIES

Document Date

June 1, 2026

Contract Term

36‑month triple‑net lease beginning on the Completed Lessor’s Work Date, with three successive 1‑fiscal‑year renewal options

Renewal Info

City may exercise three successive 1‑fiscal‑year renewal options on the same terms except for updated rent per renewal schedule, by giving at least 180 days’ written notice prior to expiration of the initial term or any exercised renewal term.