FACILITIESPENDING

City of Madison Finance Committee Agenda 2026-06-01

City Plans 36-Month Lease for Election Storage

Total estimated costs $438,807 over the 36‑month lease term; monthly base rent $7,197 plus $2,699 CAM and $2,075 utilities (base rent subject to 3% annual escalator)Madison Community Development Authority3517 WEST BELTLINE LLCJune 1, 2026

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Description

The City of Madison plans to enter a 36‑month triple‑net lease with 3517 West Beltline LLC for warehouse space at 3517 W Beltline Hwy to store Clerk’s Office election equipment, with an estimated total cost of $438,807. The agreement includes Lessor-funded build‑out, City-funded IT work, CAM and tax pass‑throughs, and three one‑year renewal options.

Contract Details

Contract Amount

Total estimated costs $438,807 over the 36‑month lease term; monthly base rent $7,197 plus $2,699 CAM and $2,075 utilities (base rent subject to 3% annual escalator)

Vendor

3517 WEST BELTLINE LLC

Agency

Madison Community Development Authority, WI

Contract Type

FACILITIES

Document Date

June 1, 2026

Contract Term

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

Renewal Info

City may exercise three successive renewal options of one fiscal year each, at adjusted base rent per the renewal rent schedule, by giving at least 180 days’ written notice before the end of the Initial Term or any renewal term.