City of Madison - File #: 27973

• File #: 27973
• Version: 3
• Name: 9780 - Audubon Acquision - 7960 Raymond Rd.
• Type: Resolution
• Status: Passed
• File created: 10/9/2012
• In control: BOARD OF ESTIMATES (ended 4/2017)
• On agenda: 11/27/2012
• Final action: 11/27/2012
• Enactment date: 11/28/2012
• Enactment #: RES-12-00875
• Title: SUBSTITUTE - Authorizing the execution of an Purchase and Sale Agreement between the City of Madison and the Madison Audubon Society, Inc. for the purchase of a 9.48-acre improved residential parcel located at 7960 Raymond Road for the expansion of the Ice Age Junction Path, potential future extension of Jeffy Trail to Raymond Road, related infrastructure improvements, public open space, and potential residential development; and authorizing an application for an amendment to the Central Urban Service Area; and authorizing the Mayor and City Clerk to execute a petition to annex the subject lands; and authorizing the dedication of right of way for Raymond Road.
• Sponsors: Lisa Subeck

Date	Ver.	Action By	Action	Result
11/27/2012	3	COMMON COUNCIL	Adopt	Pass
11/19/2012	3	BOARD OF ESTIMATES (ended 4/2017)	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
11/7/2012	2	BOARD OF PARK COMMISSIONERS	Return to Lead with the Recommendation for Approval	Pass
11/5/2012	2	PLAN COMMISSION	Return to Lead with the Recommendation for Approval	Pass
10/17/2012	1	BOARD OF PUBLIC WORKS	Return to Lead with the Recommendation for Approval	Pass
10/16/2012	1	BOARD OF ESTIMATES (ended 4/2017)	Referred
10/16/2012	1	BOARD OF ESTIMATES (ended 4/2017)	Referred
10/16/2012	1	BOARD OF ESTIMATES (ended 4/2017)	Referred
10/16/2012	1	COMMON COUNCIL	Referred
10/11/2012	1	Economic Development Division	Referred for Introduction

Fiscal Note
Budget authority is available in the Bikeways project within the Engineering capital budget. Account CS53-58110-810375-00-53W1552-00000000-00000000. Funds for the demolition of the existing house are available in CS53-54950-810354-00-53W1552 ($15,000.00). The construction of other public improvements related to the development will be approved under subsequent resolutions.
Title
SUBSTITUTE - Authorizing the execution of an Purchase and Sale Agreement between the City of Madison and the Madison Audubon Society, Inc. for the purchase of a 9.48-acre improved residential parcel located at 7960 Raymond Road for the expansion of the Ice Age Junction Path, potential future extension of Jeffy Trail to Raymond Road, related infrastructure improvements, public open space, and potential residential development; and authorizing an application for an amendment to the Central Urban Service Area; and authorizing the Mayor and City Clerk to execute a petition to annex the subject lands; and authorizing the dedication of right of way for Raymond Road.
Body
The Madison Audubon Society, Inc. (the “Society”) is the owner of an improved residential parcel containing 9.48 acres located at 7960 Raymond, (the “Property”). The Property fronts on Raymond Road, with Jeffy Trail and Trevor Way rights-of-way extending to the northern boundary of the Property.

The Property was acquired by the Society in September of 2011 by donation. It was the intent of the donor that the Property be sold and the proceeds used at another property that the Society owns. The Property is currently offered for sale by the Madison Audubon Society, Inc. The City Engineering Division and the Office of Real Estate Services have negotiated terms with the Society for the purchase of the Property. The Society has accepted a Purchase and Sale Agreement from the City of Madison (the “City”) for the Property. The purchase price is supported by appraisals obtained by both the Society and the City.

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