Fiscal Note
The proposed resolution authorizes an amendment to the Purchase and Sale Agreement for land at 4710 Lien Rd. Land acquisition costs are estimated to be $2,070,000 which is $30,000 less than the original agreement price authorized in RES-23-00323, Legistar file 76698. Funding for the proposed acquisition and associated expenses is authorized within the Parks Division’s Adopted Capital Budget Land Acquisition Program 17128 (Munis project 14621).
Title
Authorizing the City’s execution of an amendment to a Purchase and Sale Agreement between the City of Madison and Opitz Investment Corporation and Halleen Properties, LLC or their successors and assigns, for the purchase of the property located at 4710 Lien Road in the City of Madison to provide the City with park land. (District 17)
Body
WHEREAS, Opitz Investment Corporation and Halleen Properties, LLC (together, the “Seller”) are the owners of the property located at 4710 Lien Road, which contains 21.92 acres of vacant land (“Property”), legally described as follows:
PART OF THE SOUTH ½ OF SECTION 27, TOWN 8 NORTH, RANGE 10 EAST, IN CITY OF MADISON, DANE COUNTY, WISCONSIN, DESCRIBED AS FOLLOWS:
COMMENCING AT THE SOUTH ¼ CORNER OF SECTION 27; THENCE NORTH 00’02’52” EAST, 354.48 FEET TO THE NORTH LINE OF WISCONSIN SOUTHERN RAILROAD RIGHT OF WAY AND THE POINT OF BEGINNING; THENCE SOUTH 52’21’49” WEST, 599.43 FEET; THENCE SOUTH 88;36;12” WEST, 661.08 FEET MORE OR LESS; THENCE NORTH 01’23’48” WEST, 7 FEET TO A POINT OF CURVE; THENCE ON A CURVE TO THE RIGHT, RADIUS 25 FEET, LONG CHORD BEARS NORTH 45’55’46” WEST, 35.64 FEET; THENCE NORTH 00’27’44” WEST, 588.77 FEET TO THE SOUTH LINE OF REGIONAL EAST PLAT, PHASE II; THENCE ALONG SAID LINE BEARING NORTH 59’29’32” EAST, 1077.50 FEET TO A POINT OF CURVE; THENCE ON A CURVE TO THE RIGHT, RADIUS 300 FEET, SAID CURVE BEING THE SOUTH LINES OF SAID PLAT, TO THE WEST LINE OF SAID QUARTER; THENCE SOUTH ALONG SAID WEST LINE TO THE PLACE OF BEGINNING.
ALSO,
PART OF...
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