Fiscal Note
The Ordinance codifies existing practice and should help assure that City property yields the highest and best use. No expenditure is required.
Title
Creating Section 8.075 of the Madison General Ordinances to codify and amend the existing Procedures for the Disposal of Surplus City Real Property.
Body
DRAFTER'S ANALYSIS: This ordinance codifies and amends the Procedures for the Disposal of Surplus Real Property adopted by Amended Resolution No. 51,484 on September 20, 1994. The amendments include exemption of property owned by the CDA and City Utilities from these procedures, because property owned by the CDA pursuant to its powers as a redevelopment authority must be disposed of in accordance with Sec. 66.1333(9), Wis. Stats. and any real property owned by a City Utility must be disposed of in accordance with any applicable revenue bond covenants.
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The Common Council of the City of Madison do hereby ordain as follows:
Section 8.075 entitled "Disposal of Surplus City Real Property" of the Madison General Ordinances is created to read as follows:
"8.075 DISPOSAL OF SURPLUS CITY REAL PROPERTY.
(1) Definitions.
"City department" includes City agencies, departments and divisions, but does not include the City's Community Development Authority ("CDA"), Parking Utility, Water Utility, Sewer Utility, or Stormwater Utility (the "Utilities").
"Real property" includes land, air rights, subterranean rights, and appurtenances conveyed with and/or affixed to the land (e.g., buildings).
(2) Surplus Property Notification. When a City department determines real property surplus to its needs, the department shall provide written notice to the Director of the Economic and Community Development Division (ECDD). The written notification shall include maps, plats, or other drawings showing the surplus property, a legal description of the property and any restrictions...
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