Fiscal Note
The acquisition cost for the Ped/Bike Path Easement is $150,000, payable as follows: (a) $100,000 payable within 30 days of resolution adoption; and (b) $50,000 payable within 30 days following start of construction of the John Nolen Drive ped/bike path bridge. As further consideration for the Ped/Bike Path Easement, there shall be no consideration payable to the City by 149 East Wilson, LLC for the Access Easement. Funding for the project is avialable within the Bikeways Program within the Engineering-Bicycle/Pedestrian projects 2017 appropriation.
Title
Accepting a Permanent Easement for Public Transportation Purposes from 149 East Wilson, LLC across property located at 151 East Wilson Street and, in exchange, authorizing the Mayor and City Clerk to execute an Access Easement Agreement with 149 East Wilson, LLC across the City-owned rail corridor located behind 151 East Wilson Street.
Body
WHEREAS, Resolution File ID 45696, Enactment No. RES-17-00049, adopted by the Common Council of the City of Madison on January 17, 2017, authorized an intergovernmental agreement (“IGA”) with the Wisconsin Department of Transportation (“WISDOT”) providing for the City’s acquisition of property rights within the State-owned railroad right-of-way (the “Rail Corridor Parcel”) behind 151 East Wilson Street in exchange for the City’s grant to WISDOT of certain property rights within a portion of 202 S. Baldwin Street and the Cannonball Bike Path Corridor; and
WHEREAS, the IGA has been executed by WISDOT and the City, and the City has received a Quit Claim Deed from WISDOT for the Rail Corridor Parcel; and
WHEREAS, the intent of the City’s acquisition of the Rail Corridor Parcel is to facilitate private access to the rear of 151 East Wilson Street (the “151 Property”), which is currently being redeveloped, and to allow for a future planned bridge (“Bridge”) over the John Nolen Drive rail corridor and roadway, which will allow the general public access to Law Par...
Click here for full text