Fiscal Note
Total acquisition, relocation, closing and demolition costs are estimated at $316,000. Funds are available in Account No. SO36-58110-000000-00-53LF100 (Landfill Remediation Fee).
Title
SUBSTITUTE - Authorizing the acceptance of an offer to sell from Andrea and Phillip Gandolf for a residential property located at 10 Yellowstone Court and to authorize the demolition of the structure property to be utilized for City of Madison park purposes.
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PREAMBLE
The City of Madison in 1992 and 1993, acquired four single-family residences (122 South Yellowstone Drive and 6,10 and 14 Yellowstone Court) to facilitate the remediation of the Mineral Point Landfill. The City had identified the limits of the landfill as being within the property boundaries of these residences. Upon the Wisconsin Department of Natural Resources' approval of the remediation activities administered by the City of Madison, three of the residences (122 South Yellowstone Drive and 6 &10 Yellowstone Court) were marketed and sold. The fourth residence (14 Yellowstone Court) was razed due to the extent of refuse found within its property boundaries.
In 2006 the owners of one of the residences sold (10 Yellowstone Court) reported numerous foundation cracks and structural separations to wall and roof systems of their residence. Upon inspection of the residence by City of Madison staff it was determined that the structural deficiencies were directly related to the settlement of the remediated landfill. Based on the extent of structural damage to 10 Yellowstone Court, the City Engineering Division, City Attorney's Office and Real Estate Section believe it is prudent to purchase the property, provide the owners relocation assistance, and raze the structure and designate the property for City of Madison park purposes.
The owners of 10 Yellowstone Court have negotiated the sale of their property with the City of Madison's Real Estate Section and have submitted an offer to sell their property to the City for the purchase price of $242,000. The purchase price is established by appraisals prepared for the owner and the City of Madison. The property owners are also eligible for relocation benefits established under Wisconsin Statutes.
NOW, THEREFORE, BE IT RESOLVED that the Common Council of the City of Madison (the "Council") authorizes the acceptance of an Offer to Sell from Andrea and Phillip Gandolph (the "Sellers") for their property located at 10 Yellowstone Court (the "Property"), to be demolished and designated for City of Madison park purposes the parcel to be attached to the adjacent Mineral Point Landfill (aka Yellowstone Park).
· The purchase price for the Property is $242,000.00.
· The Sellers are permitted a post-closing occupancy limited only to the members of the immediate family.
· The City shall pay applicable closing and relocation costs estimated at $ 34,000.
BE IT FURTHER RESOLVED that the property located at 10 Yellowstone Court be demolished at a cost estimated at $ 40,000 and utilized for City of Madison park purposes.
BE IT FURTHER RESOLVED that the Mayor and City Clerk are authorized to sign any and all documents related to this acquisition that are necessary to complete the purchase including the acquisition, post-closing occupancy, relocation, demolition of the residence and transfer of 10 Yellowstone Court to be utilized for City of Madison park purposes the attachment of the property to the Mineral Point Landfill (aka Yellowstone Park).