City of Madison - File #: 04838

• File #: 04838
• Version: 1
• Name: Accepting an Offer to Purchase from Marquell Real Estate LLC for a portion of surplus City-owned right-of-way located at intersection of East Washington Avenue and Sparkle Court.
• Type: Resolution
• Status: Passed
• File created: 10/26/2006
• In control: BOARD OF PUBLIC WORKS
• On agenda: 1/2/2007
• Final action: 1/2/2007
• Enactment date: 1/3/2007
• Enactment #: RES-07-00005
• Title: Accepting an Offer to Purchase from Marquell Real Estate LLC for a portion of surplus City-owned right-of-way located at intersection of East Washington Avenue and Sparkle Court. 2nd Ald. Dist.
• Sponsors: Brenda K. Konkel

Date	Ver.	Action By	Action	Result
1/2/2007	1	COMMON COUNCIL	Adopt	Pass
12/6/2006	1	BOARD OF PUBLIC WORKS	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
11/20/2006	1	PLAN COMMISSION	Return to Lead with the Recommendation for Approval	Pass
11/7/2006	1	COMMON COUNCIL	Refer
11/7/2006	1	BOARD OF PUBLIC WORKS	Refer
11/1/2006	1	Community and Economic Development Unit	Referred for Introduction
10/31/2006	1	Finance Dept/Approval Group	Approved Fiscal Note By The Comptroller's Office
10/26/2006	1	Community and Economic Development Unit	Fiscal Note Required / Approval

Fiscal Note
Net sales proceeds to be deposited into Account No. CS53-78230-810370-00-53B0202
Title
Accepting an Offer to Purchase from Marquell Real Estate LLC for a portion of surplus City-owned right-of-way located at intersection of East Washington Avenue and Sparkle Court. 2nd Ald. Dist.
Body
WHEREAS, Marquell Real Estate LLC ("Buyer") is the owner of a commercial property located at 20 North Thornton Avenue, dba Sparkle Auto Body, said property being adjacent to City-owned right-of-way near the intersection of East Washington Avenue and Sparkle Court ("Property"), as shown on Exhibit A; and

WHEREAS, during the reconstruction of East Washington Avenue (Segment 3), the City acquired the Property located at 1462 East Washington Avenue, for public right-of-way and bike path purposes; and

WHEREAS, during the reconstruction of East Washington Avenue (Segment 3), the City also acquired a strip of land from the Buyer for the new right-of-way for Sparkle Court; and

WHEREAS, the Buyer inquired with the City Engineer about purchasing a portion of excess right-of-way to help remedy the loss of parking on the Buyer's site due to the construction of Sparkle Court along the Buyer's western lot line; and

WHEREAS, the City Engineering Division has reviewed and approves of the sale of land, which is concluded to have no detrimental effects on the East Washington Avenue project or proposed bike path connector; and

WHEREAS, the City Real Estate Section drafted an Offer to Purchase which the Buyer's has signed and submitted to the Real Estate Section; and

WHEREAS, the City Real Estate Section and City Engineering Division staff have reviewed the Offer to Purchase and concur with its terms and conditions.




NOW, THEREFORE, BE IT RESOLVED, that the Common Council of the City of Madison (the "City") hereby accepts an Offer to Purchase from Marquell Real Estate LLC ("Buyer") for a portion of excess right-of-way located adjacent to 20 North Thornto...