City of Madison - File #: 45286

• File #: 45286
• Version: 1
• Name: Discontinuing & vacating portions of Merchant St & Graaskamp Way within the plat of The Center For Industry & Commerce to permit the partial re-division of the subdivision, being located in the NW 1/4 of Sec 16, T 8 N, R 10 E, City of Madison, Dane County
• Type: Resolution
• Status: Passed
• File created: 11/29/2016
• In control: BOARD OF PARK COMMISSIONERS
• On agenda: 1/17/2017
• Final action: 1/17/2017
• Enactment date: 1/20/2017
• Enactment #: RES-17-00047
• Title: Discontinuing and vacating portions of Merchant Street and Graaskamp Way within the plat of The Center For Industry & Commerce to permit the partial re-division of the subdivision, being located in the Northwest 1/4 of Section 16, Township 8 North, Range 10 East, City of Madison, Dane County, Wisconsin. (17th AD)
• Sponsors: Samba Baldeh

Date	Ver.	Action By	Action	Result
1/17/2017	1	COMMON COUNCIL	Adopt and Close the Public Hearing	Pass
12/14/2016	1	BOARD OF PUBLIC WORKS	RECOMMEND TO COUNCIL TO ADOPT - PUBLIC HEARING	Pass
12/12/2016	1	PLAN COMMISSION	Return to Lead with the Recommendation for Approval	Pass
12/6/2016	1	BOARD OF PUBLIC WORKS	Referred
12/6/2016	1	COMMON COUNCIL	Referred	Pass
11/29/2016	1	Engineering Division	Referred for Introduction

Fiscal Note
No City funding required. This resolution authorizes the vacation and discontinuance of approximately 222,170 sq. ft. or 5.10 acres of portions of Merchant Street and Graaskamp Way within the plat of The Center For Industry & Commerce and does not require expenditure of City funds.
Title
Discontinuing and vacating portions of Merchant Street and Graaskamp Way within the plat of The Center For Industry & Commerce to permit the partial re-division of the subdivision, being located in the Northwest 1/4 of Section 16, Township 8 North, Range 10 East, City of Madison, Dane County, Wisconsin. (17th AD)
Body
WHEREAS, the plat of The Center For Industry & Commerce was conditionally approved by the City of Madison Common by Resolution No. 60240, File I.D. Number 33441, as adopted on the 18th of February, 2003 and the said Resolution provided for the acceptance of the lands dedicated for public street right-of-ways; and

WHEREAS, the plat of The Center For Industry & Commerce was subsequently recorded upon the satisfaction of the conditions of approval on the 8th of May, 2003 in Volume 58-024B of Plats on pages 129 - 134, as Document Number 3708481, Dane County Register of Deeds; and

WHEREAS, the Common Council adopted Resolution RES-13-00460, File I.D. Number 30382 on June 18, 2013 which authorized the execution of an “Agreement to Terminate the ’Agreement to Purchase and Undertake Development of the Northeast Industrial Property’ ” (“Purchase and Development Agreement”) which was executed between the City of Madison (“City”) and The Center for Industry & Commerce, LLC (“LLC”) for the development of a mixed-use industrial park. Under the terms of the termination, the LLC deeded back to the City, at no cost, 14 lots containing approximately 24.21 acres of land, in exchange for a mutual termination of the Purchase and Development Agreement and being relieved of any remaining obligations, thus providing the City of Madison ownership and control of the remaini...