Fiscal Note
Private Contract, No City funds required.
Title
Authorizing the Mayor and City Clerk to Execute A Release of Declaration of Conditions, Covenants, and Restrictions for Lots 4, 5, and 6, Madison Corporate Center. (15th AD)
Body
WHEREAS, as part of the recording of the Madison Corporate Center, a Declaration of Conditions, Covenants, and Restrictions was recorded restricting the sale or transfer of Lots 4, 5, and 6 until such time as the owner provides surety to the City of Madison to guarantee the installation of public improvements to serve said lots, and
WHEREAS, Lots 4, 5, and 6, Madison Corporate Center, now replatted and known as Lots 1, 2, 3 & 4, Certified Survey Map No. 8471, have been served with the full range of pubic improvements as part of Construction Phase 3 in the Madison Corporate Center, and;
WHEREAS, the Declaration of Conditions, Covenants, and Restrictions on said lots is no longer required.
NOW, THEREFORE, BE IT RESOLVED, that the Mayor and City Clerk are hereby authorized to execute a Release of the Declaration of conditions, Covenants, and Restrictions on Lots 4, 5, & 6, Madison Corporate Center, now platted and known as Lots 1, 2, 3, & 4, Certified Survey Map No. 8471.