Fiscal Note
The City will receive payment of $66,495. This represents the Shapiro purchase amount of $72,345 less the City purchase amount of $5,850. Funds will be deposited in the Parks Division Park Land Acquisition account (810398). (Revised September 10, 2013.)
Title
Authorizing the Execution of all Documents Necessary to Effectuate the Peace Park Land Exchange with James Shapiro
Body
WHEREAS, the City acquired the property that makes up Elizabeth Link Peace Park (Peace Park) in 1979, developing an urban park on the property; and,
WHEREAS, in 2010 the City completed a $1.1 million renovation of Peace Park that included the addition of a visitor’s center, a tiered amphitheater, and new fencing and landscaping along the perimeter of the park; and,
WHEREAS, in 2011 James Shapiro, the owner of the properties located at 422, 428, and 440 State Street and the owner of the property located at 434 State Street through his entity 432 State LLC, contacted the City regarding a conflict in title over a portion of the Peace Park property that he discovered when purchasing these properties, as well as making an adverse possession claim over portions of Peace Park due to long established encroachments and a City constructed fence; and,
WHEREAS, since the 2010 renovation, the northeastern portion of Peace Park that contained a shared driveway and a small City parking area has been effectively cut off from the remainder of the park and no longer has any value to the City; and,
WHEREAS, it is in the City’s interest to resolve the boundary disputes in Peace Park to preserve the existing sight lines from the newly constructed visitor’s center and to formally define and protect the Park’s boundaries.
NOW THEREFORE BE IT RESOLVED, that the City of Madison is hereby authorized to effectuate a land exchange with James Shapiro, and his entity 432 State LLC, to settle all pending title related claims against the City arising along the Peace Park boundary with his propertie...
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