Fiscal Note
Private Contract, No City Funds Required.
Title
Approving plans and specifications for public improvements necessary for the project known as Kennedy Point Condominiums PUD and authorizing construction to be undertaken by the Developer, Private Contract No. 2046. (6th AD)
Body
WHEREAS, the developer, Kennedy Point LLC, has received the City of Madison's approval for a Planned Unit Development (PUD) to construct a four story residential condominium at 1835 Winnebago Street, 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 PUD.
NOW, THEREFORE, BE IT RESOLVED:
1. That the Mayor and City Clerk are hereby authorized and directed to execute a Development Agreement For Kennedy Point Condominiums PUD, with Kennedy Point, LLC.
2. That the plans and specifications for the public improvements necessary to serve the PUD are hereby approved.
3. That the developer is authorized to construct the public improvements in accordance with the terms of the Development Agreement at the sole cost of the developer, except as follows: None
4. That the Mayor and City Clerk are hereby authorized to accept dedication of lands and/or easements from the Developer/Owner for public improvements located outside of existing public fee title or easement right-of-ways.