Fiscal Note
No fiscal impact.
Title
Amending a Deed Restriction for property located at 2202-2110 West Broadway.
Body
WHEREAS the Madison Common Council on October 19, 1976, approved a Zoning Map Amendment of property located at 2202-2110 West Broadway from R4 and C1 to C2 with a provision that a Deed Restriction be recorded limiting the C2 uses of this property only to the existing tavern on the site (the Antler's Tavern); and
WHEREAS a Deed Restriction was prepared by the owners of the Antler's Tavern and recorded in the Dane County Register of Deeds Office on October 29, 1976; and
WHEREAS Madison Development Corporation has purchased land included in the original Deed Restriction from the Antler's Tavern; and
WHEREAS on September 21, 2004, the Common Council approved a Zoning Map Amendment that rezoned nearby property located at 2218-2230 West Broadway from R4 and C1 to C2 for future commercial redevelopment; and
WHEREAS Madison Development Corporation has acquired land formerly owned by the Antler's Tavern and has combined it with the adjacent property to create a unified commercial redevelopment site; and
WHEREAS there is no longer the need for the restrictive covenant to be imposed on that portion of the original Antler's Tavern ownership that is no longer owned or controlled by the Antler's Tavern.
NOW, THEREFORE, BE IT RESOLVED that the Common Council agrees to an amendment to the Deed Restriction for the property located at 2202-2110 West Broadway to remove that portion of the property acquired by Madison Development Corporation and retaining the covenant as imposed on the remaining Antler's Tavern property consistent with the October 19, 1976 Common Council approval of a Zoning Map Amendment for this site.