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2007-448 I'(esolutlon "UUf - 4'H~ Resolution 2007 - 448 A Resolution Approving the Lease of City-Owned Property Located at 708 S. Jackson St. to Cindy Pelton WHEREAS, the City of Janesville owns a vacant lot located at 708 South Jackson Street, Janesville, Wisconsin; and WHEREAS, the property at 708 South Jackson Street was purchased in 1970 for future City of Janesville uses and right of way purposes; and WHEREAS, the City desires to maintain ownership of the property; and WHEREAS, Cindy Pelton, owner of the adjacent 708 Club has requested a lease agreement with the City so property may continue to be used for off-street parking for the 708 Club; and WHEREAS, the specific terms, payments and conditions thereto have been negotiated by and between the City Administration and Ms. Cindy Pelton and set into a written document called the Lease, a true and correct photocopy of which is attached hereto and incorporated herein as if fully set forth verbatim; and WHEREAS, such Lease terms and conditions therein are permitted by law and the Common Council is empowered to enter into such Lease, pursuant to sections 62.11 (5), 62.22, 62.23 and other pertinent provisions of the Wisconsin Statutes and law; and WHEREAS, entering into said Lease is in the best interest of the City of Janesville and of benefit to the community and its residents, businesses, and taxpayers. NOW, THEREFORE, BE IT RESOLVED, BY THE Common Council of the City of Janesville that they hereby approve and authorize the City Manager to execute and enter into, on behalf of the City of Janesville, the attached Lease with Ms. Cindy Pelton; and BE IT FURTHER RESOLVED, that the City Manager is hereby authorized to negotiate and execute such documents, papers, agreements, amendments and forms, to take whatever other actions and to make whatever other changes to the Lease and such other documents, papers, agreements, amendments and forms as the City Manager may, from time to time, find necessary, desirable and/or beneficial to effectuate the Lease and/or the intent of this Resolution on the City's behalf. Resolution :lUUf - 44l:S Resolution 2007 - 448 Page 2 ADOPTED: November 12, 2007 APPROVED: ~ C'~_ Steven E. Sheiffer, City anager ATTEST: APPROVED AS TO FORM: Wfd- ~. ;J City AHorne ~ Proposed by: Prepared by: Motion by: Wellnitz Second by: Truman Councilmember Aye Nay Pass Absent Brunner X DeGarmo X Loasching X Steeber X Truman X Wellnitz X Williams X