City of Madison - File #: 12615

• File #: 12615
• Version: 2
• Name: SUBSTITUTE - 8764 Wheeler Open Space - Cherokee Park
• Type: Resolution
• Status: Passed
• File created: 11/11/2008
• In control: BOARD OF ESTIMATES (ended 4/2017)
• On agenda: 1/20/2009
• Final action: 1/20/2009
• Enactment date: 1/22/2009
• Enactment #: RES-09-00056
• Title: SUBSTITUTE - Authorizing the acceptance of a Dedication and Purchase Agreement for the acquisition of the remaining interests of Cherokee Park, Inc. in approximately 48 acres of land located adjacent to Wheeler Road referred to as the Wheeler Open Space Parcel and including agreement on the estimated dedication requirements for the remaining lands that Cherokee Park, Inc. intends to develop and amending the 2008 2009 Parks Capital Budget to authorize the expenditure of an amount not to exceed $90,000 for this acquisition.
• Sponsors: Michael Schumacher

Date	Ver.	Action By	Action	Result
1/20/2009	2	COMMON COUNCIL	Adopt	Pass
1/14/2009	1	BOARD OF PARK COMMISSIONERS	Return to Lead with the Recommendation for Approval	Pass
1/12/2009	2	BOARD OF ESTIMATES (ended 4/2017)	RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICER	Pass
12/15/2008	1	PLAN COMMISSION	Return to Lead with the Recommendation for Approval	Pass
12/2/2008	1	BOARD OF ESTIMATES (ended 4/2017)	Refer
12/2/2008	1	BOARD OF ESTIMATES (ended 4/2017)	Refer
12/2/2008	1	COMMON COUNCIL	Referred
11/20/2008	1	Community and Economic Development Unit	Referred for Introduction

Fiscal Note
This resolution authorizes the utilization of funds in an amount not to exceed $90,000 for acquisition and related closing costs for the Wheeler Open Space Parcel, owned by Cherokee Park, Inc. Funds are available in the SI32 "Citywide Parkland Fee" Fund. There is no impact upon the property tax levy.
Title
SUBSTITUTE - Authorizing the acceptance of a Dedication and Purchase Agreement for the acquisition of the remaining interests of Cherokee Park, Inc. in approximately 48 acres of land located adjacent to Wheeler Road referred to as the Wheeler Open Space Parcel and including agreement on the estimated dedication requirements for the remaining lands that Cherokee Park, Inc. intends to develop and amending the 2008 2009 Parks Capital Budget to authorize the expenditure of an amount not to exceed $90,000 for this acquisition.
Body
PREAMBLE

The City of Madison (“City”) and Cherokee Park, Inc. (“CPI”) have worked through several agreements and closings regarding the present and future development by CPI and the dedication to and purchase by the City of CPI lands in Sections 18 and 19 in the Town of Burke and Section 24 in the Town of Westport. The intent of this present agreement, the Dedication and Purchase Agreement (“Agreement”), is to provide an agreed-upon framework for a CPI land bank for CPI’s estimated future parkland dedication requirements and a means to establish the amount of compensation to be paid by the City for acquisition of CPI’s remaining interest in the lands north of Wheeler Road referred to as the Wheeler Open Space Parcel. The parcel is depicted in the attached map. The City currently holds an open space easement over the Wheeler Open Space Parcel. City staff recommends that CPI’s remaining fee interest in the Wheeler Open Space Parcel be acquired in order for the Parks Division and Engineering Division to be able to use the land for necessary parkland and storm water management purposes. The parcel contains 47.76 acres, base...