Fiscal Note
No City Funds required. Private Contract.
Title
Approving plans and specifications for public stormwater management improvements required to serve the Subdivision known as Village at Autumn Lake and authorizing construction to be undertaken by the Developer, Private Contract No. 9534 (District 17)
Body
WHEREAS, the developer, VAL, LLC, has received the City of Madison's conditional approval to create the subdivision known as Village at Autumn Lake; and,
WHEREAS, Section 16.23(9) of the Madison General Ordinances requires the developer to install the public stormwater management improvements necessary to serve the subdivision; and,
WHEREAS, Section 16.23(9) of the Madison General Ordinances allows the developer to install the improvements in construction phases provided that a Declaration of Conditions, Covenants, and Restrictions is executed for those lots included in future construction phases until such time as surety is provided to the City to guarantee the installation of the public improvements to serve said lots; and,
WHEREAS, the developer proposes to provide public stormwater management improvements to serve all Lots in Village at Autumn Lake.
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 Village at Autumn Lake - Outlot 64 SWM, with VAL, LLC.
2. That the plans and specifications for the public stormwater management improvements of Outlot 64 necessary to serve Village at Autumn Lake are hereby approved.
3. That the developer is authorized to construct the public stormwater management 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: Reimbursement not to exceed the statutory limit for the cost of street improvements tha...
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