Madison, WI Header
File #: 46141    Version: 1 Name: Approving Addendum No. 1 to Anchorbank Redevelopment - 25 W. Main Street, Contract No. 2343 (4th AD)
Type: Resolution Status: Passed
File created: 2/15/2017 In control: BOARD OF PUBLIC WORKS
On agenda: 3/7/2017 Final action: 3/7/2017
Enactment date: 3/10/2017 Enactment #: RES-17-00185
Title: Approving Addendum No. 1 to Anchorbank Redevelopment - 25 W. Main Street, Contract No. 2343 (4th AD)
Sponsors: BOARD OF PUBLIC WORKS
Attachments: 1. 2343 Addendum 1.pdf, 2. 2343 Addendum 1 Exhibit.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsWatch
3/7/20171 COMMON COUNCIL Adopt Under Suspension of Rules 2.04, 2.05, 2.24, and 2.25Pass Action details Meeting details Not available
2/22/20171 BOARD OF PUBLIC WORKS RECOMMEND TO COUNCIL TO ADOPT UNDER SUSPENSION OF RULES 2.04, 2.05, 2.24, & 2.25 - REPORT OF OFFICERPass Action details Meeting details Not available
2/15/20171 Engineering Division Refer  Action details Meeting details Not available

Fiscal Note

Private Contract, No City Funds Are Required.

Title

Approving Addendum No. 1 to Anchorbank Redevelopment - 25 W. Main Street, Contract No. 2343 (4th AD)

Body

WHEREAS, on October 16, 2015, the developer, 25 West Main Parking LLC, hereinafter the “Developer” had entered into a Contract For the Construction of Public Improvements that will be Accepted by the City of Madison hereinafter the “Contract” with the City of Madison, and;

 

WHEREAS, the Developer and the Madison Water Utility have since mutually agreed to complete some of the required water main improvements as part of Public Works contract 7803 (Capital Square Pavement Replacement Phase 2) and the Developer agrees to pay Madison Water Utility fifty (50) percent of the related costs from that contract.

 

WHEREAS, the Developer also agrees to accommodate the schedule and scope of the water main replacement work as required in Public Works contract 7803.

 

 

NOW, THEREFORE, BE IT RESOLVE:

 

1.                     That the Mayor and City Clerk are hereby authorized and directed to to Anchorbank Redevelopment - 25 W. Main Street, Contract No. 2343, with 25 West Main Parking LLC.

 

2.                     That the revised plans and specifications for the public improvements necessary to serve this project are hereby approved.

 

3.                     That the developer is authorized to construct the public improvements in accordance with the terms of the Contract For the Construction of Public Improvements That Will be Accepted by the City of Madison at the sole cost of the developer.

 

4.                     That the Mayor and City Clerk are hereby authorized to sign and grant easements or right-of-way release or procurement documents, maintenance agreements or encroachment agreements, as necessary and grant or accept dedication of lands and/or easements from/to the Developer/Owner for public improvements located outside of existing public fee title or easement right-of-ways.

 

5.                     The Common Council is approved to accept ownership of the improvements in the Maintenance Area if a maintenance agreement is executed and recorded as a condition of this contract.