Fiscal Note
The proposed resolution authorizes an acquisition and easement for the property located within four unaddressed tax parcels, one tax parcel addressed as 3328 Nelson Rd and a portion of two tax parcels both listed as 5185 Reiner in the Town of Burke and the City of Sun Prairie, to be funded entirely funded through Park Land Acquisition funds. Land acquisition costs are estimated to be $6,000,000. In addition, the costs for the owner to complete a site survey ($8,275) and install fencing and gate ($50,000) will be paid at time of closing. Funding for all costs is available in the Park Land Acquisition Major Program (Munis #17128). No additional appropriations are required at this time for the acquisition. The Parks Division anticipates applying for a cost sharing grant through the Dane County Conservation Fund Grant at a future date. Future improvements to the park would be addressed through the Parks Division’s Capital Budget request. Operational resources to maintain the Subject Property would be addressed through future requests within the Parks Division’s Operating Budget and will be dependent upon park amenities that are developed on site.
Title
Authorizing the City’s execution of a Purchase and Sale Agreement between the City of Madison and Madison Crushing & Excavating, Inc. for the purchase of four unaddressed tax parcels, one tax parcel addressed as 3328 Nelson Rd and a portion of two tax parcels both listed as 5185 Reiner in the Town of Burke and the City of Sun Prairie for future park land, together with a Public Access Easement Agreement over adjacent lands to access said park land.
Body
WHEREAS, Madison Crushing & Excavating, Inc. (“Seller”) is the owner of the property located within four unaddressed tax parcels, one tax parcel addressed as 3328 Nelson Rd and a portion of two tax parcels both listed as 5185 Reiner Rd, which contains 199 acres of land and all improvements thereon (“Property”), which is legally described in Exhibit A of...
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