Fiscal Note
Private Contract, No City Funds required.
Title
Approving plans and specifications for public improvements necessary for the project known as 4610 University Avenue: Pyare Square - Phase II, to be undertaken by the Developer, and Rescinding Resolution RES-16-00345, File Number 42496, Private Contract No. 7732. (11th AD)
Body
WHEREAS, the developer, Pyare Lodge, LLC is proposing construction of a multi-family development at 4610 University Avenue, located in the Village of Shorewood Hills; and,
WHEREAS, the property for this development receives services from the City of Madison; and,
WHEREAS, the developer is requesting to provide new City of Madison public water main to the proposed buildings to accommodate the new construction; and,
WHEREAS, Section 16.23(9) of the Madison General Ordinances require the developer to install the public improvements necessary to serve the development; and,
WHEREAS, the developer received approval of the project on May 5, 2016 by Resolution RES-16-00345, File Number 42496; and,
WHEREAS, the developer has requested the entity name be changed to Pyare Lodge, LLC.
NOW, THEREFORE, BE IT RESOLVED:
1. That the Mayor and City Clerk are hereby authorized and directed to execute a Contract For the Construction of Public Improvements that will be accepted by the City of Madison For 4610 University Avenue: Pyare Square - Phase II, with Pyare Lodge, LLC.
2. That the plans and specifications for the public improvements necessary to serve the development 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, except as follows: NONE
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.
6. The Resolution RES-16-00345, File Number 42496 is hereby rescinded.