Fiscal Note
Private Contract, No City Funds Required.
Title
Approving plans and specifications for public improvements required to serve Phase IV of the Subdivision known as Liberty Place, and authorizing construction to be undertaken by the Developer, Private Contract No. 2068. (16th AD)
Body
WHEREAS, the developer, Great Neighborhoods, Inc., has received the City of Madison's approval to create the subdivision known as Liberty Place; and,
WHEREAS, Section 16.23(9) of the Madison General Ordinances requires the developer to install the public improvements necessary to serve the subdivision; and
WHEREAS, Section 16.23(9) of the Madison General Ordinances allows the developer to install the improvements in construction phases provided that a Declaration of Conditions, Covenants, and Restrictions is executed for those lots included in future construction phases until such time as surety is provided to the City to guarantee the installation of the public improvements to serve said lots; and,
WHEREAS, the developer proposes to provide public improvements to serve Lots 128-147, 167-186, and Outlot 10 as Phase IV.
NOW, THEREFORE, BE IT RESOLVED:
1. That the Mayor and City Clerk are hereby authorized and directed to execute a Contract for Subdivision Improvements For Liberty Place, Phase IV, with Great Neighborhoods, Inc., and a Release of the Declaration of Conditions, Covenants, and Restrictions on the lots for which public improvements are to be provided.
2. That the plans and specifications for the public improvements necessary to serve this phase of the subdivision are hereby approved.
3. That the developer is authorized to construct the public improvements in accordance with the terms of the Contract for Subdivision Improvements at the sole cost of the developer, except as follows: None
4. That the Mayor and City Clerk are hereby authorized to accept dedication of lands and/or easements from the Developer/Owner for public improvements located outside of existing public fee title or easement right-of-ways.