Fiscal Note
Private Contract, No City Funds Required.
Title
Approving future phase contract for public improvements necessary for the Subdivision known as Midtown Center and authorizing construction to be undertaken by the Developer, Private Contract No. 2170. (1st AD)
Body
WHEREAS, the developer, WC Development Corporation, has received the City of Madison's approval to create the subdivision known as Midtown Center; and,
WHEREAS, Section 16.23(9) of the Madison General Ordinances requires the developer to install the public improvements necessary to serve the subdivision.
WHEREAS, the developer wishes to execute a future phase subdivision contract which will allow the recording of the plat, and,
WHEREAS, as a condition of approval of future phase development the developer is required to execute a deed restriction restricting the sale or transfer of all lots in the plat.
NOW, THEREFORE, BE IT RESOLVED:
1. That the Mayor and City Clerk are hereby authorized and directed to execute a future phase Contract for Subdivision Improvements For Midtown Center, with WC Development Corporation.