Fiscal Note
Private contract. No Appropriation Required.
Title
Approving plans and specifications for public improvements necessary for the project known as Stone House Lyric Phase 3 - 1050 E Washington Ave and authorizing construction to be undertaken by the Developer, Private Contract No. 8385. (2nd AD)
Body
WHEREAS, the developer, 1050 East Wash, LLC, has received the City of Madison's conditional approval for an 11-story building with commercial space, 124 apartments, on-site parking structure, and youth arts center at 1050 E Washington Avenue, and,
WHEREAS, Section 16.23(9) of the Madison General Ordinances and the conditions of approval require the developer to install the public improvements necessary to serve the rezoning.
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 Stone House Lyric Phase 3 - 1050 E Washington Ave, with 1050 East Wash, 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.
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