Fiscal Note
No City Funds required. Private contract.
Title
Approving Addendum No. 1 to 2150 Commercial Avenue, Contract No. 9700 (District 12)
Body
WHEREAS, on May 29, 2026, the developer, Central At The Forge, LP, 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 City has agreed to sign off on the pending Certified Survey Map (CSM) for this project before condition 31 of the CSM approval was satisfied, and;
WHEREAS, to ensure that this condition is still met after recording of the CSM, the Developer and the City have since mutually agreed for the Developer to comply with all the requirements to release or convey the rights to the City of Madison for the areas of the easement affecting the newly dedicated Right-of-Way as contained in Document No. 2094325 for AT&T fiber optic lines, and;
WHEREAS, the Developer shall be responsible for all fees of the Office of Real Estate Services (ORES) Project and any costs required by AT&T to release or convey the rights, and;
WHEREAS, improvements will not be accepted or considered substantially complete, the Contract Surety will not be released or reduced until all requirements of the ORES Project have been met.
NOW, THEREFORE, BE IT RESOLVE:
1. That the Mayor and City Clerk are hereby authorized and directed to execute Addendum No. 1 to 2150 Commercial Avenue, Contract No. 9700 with Central At The Forge, LP.
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.