City of Madison - File #: 02895

• File #: 02895
• Version: 1
• Name: Accepting an Offer to Sell Real Property from Midvale Plaza Joint Venture or its assignee for the purchase of space within the Midvale Plaza located at 525 S. Midvale Blvd and authorizing funds to complete the space for use as a City Public Library
• Type: Resolution
• Status: Passed
• File created: 2/1/2006
• In control: MADISON PUBLIC LIBRARY BOARD
• On agenda: 3/21/2006
• Final action: 3/21/2006
• Enactment date: 3/23/2006
• Enactment #: RES-06-00287
• Title: Accepting an Offer to Sell Real Property from Midvale Plaza Joint Venture or its assignee for the purchase of space within the Midvale Plaza located at 525 South Midvale Boulevard and authorizing funds to complete the space for use as a City of Madison Public Library. BY TITLE ONLY. 11th Ald. Dist.
• Sponsors: Tim Gruber

Date	Ver.	Action By	Action	Result
3/21/2006	1	COMMON COUNCIL	Adopt	Pass
3/2/2006	1	MADISON PUBLIC LIBRARY BOARD	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
2/27/2006	1	BOARD OF ESTIMATES (ended 4/2017)	Return to Lead with the Recommendation for Approval	Pass
2/20/2006	1	PLAN COMMISSION	Return to Lead with the Recommendation for Approval	Pass
2/17/2006	1	Finance Dept/Approval Group	Approved Fiscal Note By The Comptroller's Office (AFTER CC INTRO)
2/8/2006	1	MADISON PUBLIC LIBRARY BOARD	Refer
2/8/2006	1	MADISON PUBLIC LIBRARY BOARD	Refer
2/8/2006	1	BOARD OF ESTIMATES (ended 4/2017)	Fiscal Note Required / Approval
2/8/2006		MADISON PUBLIC LIBRARY BOARD	Refer
2/7/2006	1	COMMON COUNCIL	Refer
2/1/2006	1	Community and Economic Development Unit	Fiscal Note Required / Approval
2/1/2006	1	Finance Dept/Approval Group	Fiscal Note Pending
2/1/2006	1	Community and Economic Development Unit	Referred for Introduction

Fiscal Note
Funding for this project is included in the 2006 Capital Budget (Library Project No. 1, 810428). The architect design services will be paid in 2006, as authorized on Jan. 17, 2006 by RES-06-00043. The remainder of the funds will not be needed until 2007, which will reduce the anticipated borrowing for 2006. These funds will need to be reauthorized in the 2007 Capital Budget.
Title
Accepting an Offer to Sell Real Property from Midvale Plaza Joint Venture or its assignee for the purchase of space within the Midvale Plaza located at 525 South Midvale Boulevard and authorizing funds to complete the space for use as a City of Madison Public Library. BY TITLE ONLY. 11th Ald. Dist.
Body
PREAMBLE


The City of Madison has negotiated with the owners of Midvale Plaza the sale of approximately 19,000 to 20,000 square feet of space for a City of Madison public library within a mixed use development which will include ground level commercial space and up to 4-levels of residential units with underground residential parking. The City will acquire unfinished ground-level condominium space from the owners of Midvale Plaza for the library. Common Council has authorized staff to hire an architect to design the interior of the new library. Upon completion of the design, the City will solicit bids for a public works contract to complete the interior construction of the library space. Completion of the library is scheduled to occur in the fall of 2008 2007. Redevelopment will occur in two phases which will allow the Sequoya Branch Library to stay in its current location until the new library is finished. Upon completion of the library facility the City will enter into a condominium association agreement for the management and maintenance of the development.

WHEREAS, on January 17, 2006, the Common Council authorized staff to prepare a "Request for Qualifications" and advertise for Architect consultant services for interior improvements at Sequoya Branch Lib...