City of Madison - File #: 07513

• File #: 07513
• Version: 1
• Name: An offer to sell from the MG&E a 2.8-acre property located at 4014 Hanson Rd in the Town of Burke
• Type: Resolution
• Status: Passed
• File created: 9/11/2007
• In control: PLAN COMMISSION
• On agenda: 10/2/2007
• Final action: 10/2/2007
• Enactment date: 10/3/2007
• Enactment #: RES-07-01020
• Title: Authorizing the acceptance of an offer to sell from the Madison Gas and Electric Company a 2.8-acre property located at 4014 Hanson Road in the Town of Burke, to facilitate the completion of construction improvements from Hanson Road and Portage Road from Manufacturer Drive to Interstate 39/90/94.
• Sponsors: Joseph R. Clausius

Date	Ver.	Action By	Action	Result
10/2/2007	1	COMMON COUNCIL	Adopt	Pass
10/1/2007	1	PLAN COMMISSION	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
9/24/2007	1	BOARD OF ESTIMATES (ended 4/2017)	Return to Lead with the Recommendation for Approval	Pass
9/19/2007	1	Finance Dept/Approval Group	Approved Fiscal Note By The Comptroller's Office (AFTER CC INTRO)
9/18/2007	1	COMMON COUNCIL	Refer
9/18/2007	1	PLAN COMMISSION	Refer
9/18/2007	1	BOARD OF ESTIMATES (ended 4/2017)	Fiscal Note Required / Approval
9/12/2007	1	Finance Dept/Approval Group	Fiscal Note Pending
9/12/2007	1	Community and Economic Development Unit	Referred for Introduction
9/11/2007	1	Community and Economic Development Unit	Fiscal Note Required / Approval

Fiscal Note
Funds are available in Account No. CS53-58110-810571-00-53W0189 for acquisition costs and closing costs. Total costs are estimated at $250,000.
Title
Authorizing the acceptance of an offer to sell from the Madison Gas and Electric Company a 2.8-acre property located at 4014 Hanson Road in the Town of Burke, to facilitate the completion of construction improvements from Hanson Road and Portage Road from Manufacturer Drive to Interstate 39/90/94.
Body
PREAMBLE


WHEREAS on March 20, 2007 the Common Council of the City of Madison adopted Resolution No.RES-07-00350, File No.05654, approving relocation order for the acquisition of several properties needed for construction improvements for Hanson Road and Portage Road from Manufacturer Drive to Interstate Highway 39/90/94. The relocation order included the partial acquisition of 35,284 square feet of a 2.8 acre Madison Gas and Electric's (MG&E.) parcel located at 4014 Hanson Road.

WHEREAS the partial acquisition includes a MG&E storage facility.

WHEREAS as a result of the partial acquisition, the remaining 2-acre parcel of land is of no utility to MG&E.

WHEREAS, MG&E has requested that the City acquire the entire 2.8-acre property including the storage facility.

WHEREAS, the $245,000 negotiated acquisition price is supported by two independent appraisals.

NOW, THEREFORE, BE IT RESOLVED that the Common Council of the City of Madison authorizes the acceptance of an Offer to Sell from Madison Gas and Electric Company (the "Seller") for property located at 4014 Hanson Road (the "Property"), to complete the anticipated improvements to Hanson and Portage Roads.

BE IT FURTHER RESOLVED that the conditions of the sale include the following:
· The purchase price for the property shall be $245,000.00.
· The closing shall occur on or before November 1, 2007.
· The City shall pay applicable closing costs not to exceed $ 5,000.00

BE IT FURTHER RESOLVED that the Mayor and City Cler...