Fiscal Note
The easement fee totaling $144,380.00 shall be deposited in ESTM-78231-561000.
Title
Authorizing the grant of a permanent limited easement to American Transmission Company for an overhead electric transmission line within a portion of the City’s Stormwater Utility Parcel 533, located at 409 Commerce Drive.
Body
American Transmission Company (“ATC”) is has an existing 69 kilovolt overhead electric transmission line located within the right-of-way of Mineral Point Road, near the intersection of Junction Road. The current route of the ATC transmission line passes adjacent to a City of Madison Stormwater Utility Parcel 533, located at 409 Commerce Drive.
The ATC transmission line will have to be relocated due to the reconstruction of Mineral Point and Junction Road in 2013-14 by the City of Madison pursuant to Engineering Project No. 53W0391. The relocation of the ATC transmission line will require them to acquire a permanent limited easement (the “Easement”) from the City in order to construct the new overhead electric transmission line. The Easement is approximately 30 feet wide and 250 feet long, running parallel with the Mineral Point Road frontage. A general location map depicting the Easement is attached and marked as Exhibit A.
Compensation to be paid to the City for the granting of the Easement is $144,380.00. The compensation is based on recent appraisals for the Mineral Point / Junction Road reconstruction project, the fair market value of the City’s parcel, and the loss and damages due to the Easement. Conditions specific to the Easement are listed below.
The City’s Engineering Division and Office of Real Estate Services staffs have reviewed the terms and conditions of the Easement, and the location and design of the ATC overhead transmission line and recommend that the Easement be granted.
NOW, THEREFORE, BE IT RESOLVED that the Common Council of the City of Madison hereby authorizes the grant to the American Transmission Company L...
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