Fiscal Note
Payment by Metro of $18,200.50 for Easement improvements will be included among various appropriations proferred under a separate, year-end Resolution from the Comptroller.
Title
Authorizing the termination of an Easement for Public Bus Shelter and Bike Rack and accepting a grant of a Limited Non-Exclusive Access Easement for Municipal Transit Purposes (the “Access Easement”) from Sherman Plaza, Inc. and authorizing funding of improvements within the Access Easement.
Body
On February 26, 1980 (Resolution No. 35,482 in File Number 823E-80) the Common Council accepted an Easement for Public Bus Shelter and Bike Rack (the “Easement”) from Sherman Plaza, Inc. (the “Owner”) which allowed the City of Madison to install a public bus shelter and bike rack in the Sherman Plaza parking lot and to have access to the shelter and bike rack from Northport Drive and North Sherman Avenue. The Easement further provides for the Owner to be responsible for the maintenance for the route of travel and parking facilities for use of passengers using the express bus service. The Easement contains a 30-day cancellation clause with the City of Madison being responsible for the removal of the public bus shelter and bike rack.
The City and the Owner have agreed upon the termination of the Easement and the grant by the Owner and acceptance by the City of a Limited Non-Exclusive Access Easement for Municipal Transit Purposes (the “Access Easement”) across Sherman Plaza in return for the City of Madison sharing in the cost of making repairs and improvements within the Access Easement.
NOW, THEREFORE BE IT RESOLVED, that the Common Council of the City of Madison authorizes the termination of the Easement for Public Bus Shelter and Bike Rack with Sherman Plaza, Inc. (the “Owner”) and the acceptance of a grant of a Limited Non-Exclusive Access Easement for Municipal Transit Purposes (the “Access Easement”) from the Owner for ingress and egress purposes to enable the City of M...
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