Fiscal Note
The proposed resolution authorizes the execution of an Amendment to the Amended and Restated Operating Easement at the Village on Park for the Goodman South Madison Library. The resolution does not change costs or the methodology to allocate costs to the Goodman South Madison Library branch, estimated at $17,500 - $26,700 for 2023-2025 in Legislative File #71256 which authorized the amendment to the Operating Easement that included common area maintenance fees to be paid by the Library. No additional City appropriation required.
Title
Authorizing the Execution of an Amendment to the Amended and Restated Operating Easement at the Village on Park for the Goodman South Madison Library. (District 14)
Body
WHEREAS, the Goodman South Madison Library condo unit (the “Library”) is subject to the South Madison Community Condominium Declaration, which was recorded on March 5, 2010 as Document No. 4639192 with the Dane County Register of Deeds (the “Declaration”);
WHEREAS, the Declaration is subject to the Operation and Easement Agreement dated March 26, 2009 and amended on March 8, 2013, recorded as Document Numbers 4525865 and 4968445, respectively with the Dane County Register of Deeds (collectively the “Original OEA”), which created certain rights, privileges and easements and imposed certain restrictions, obligations and covenants affecting all of the real estate then described as Lots 1 and 2 of Certified Survey Map No. 12600, City of Madison, Dane County, Wisconsin (the “Property”); and
WHEREAS, following the recording of the Original OEA, the Property was subdivided to accommodate additional development, portions of the subdivided Property were conveyed to third parties and the Original OEA was amended to reflect those changes, as set forth in that certain First Amendment to Operation and Easement Agreement, dated March 8, 2013, recorded with the Dane County Register of Deeds on March 11, 2013, as Document No. 4968445 (the “First Amendment to OEA”...
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