Fiscal Note
The proposed resolution approves plan documents for Phase 3 of the Northeast Addition to Grandview Commons. Costs to the City will not exceed $10,000 for public improvements associated with the development. Funding is provided by GO Borrowing via the Reconstruction Streets capital program in Engineering Major Streets adopted 2019 capital budget (Acct. No. 12144-402-170).
Title
Approving plans and specifications for public improvements required to serve Phase 3 of the Subdivision known as Northeast Addition to Grandview Commons and authorizing construction to be undertaken by the Developer, Private Contract No. 8487. (3rd AD)
Body
WHEREAS, the developer, VH GVC NE, LLC, has received the City of Madison's conditional approval to create the subdivision known as Northeast Addition to Grandview Commons; and,
WHEREAS, Section 16.23(9) of the Madison General Ordinances requires the developer to install the public improvements necessary to serve the subdivision; and,
WHEREAS, Section 16.23(9) of the Madison General Ordinances allows the developer to install the improvements in construction phases provided that a Declaration of Conditions, Covenants, and Restrictions is executed for those lots included in future construction phases until such time as surety is provided to the City to guarantee the installation of the public improvements to serve said lots; and,
WHEREAS, the developer proposes to provide public improvements to serve Lots 1050-1062, 1076-1096, 1150-1157, and Outlots 50, 51 and 53 as Phase 3.
NOW, THEREFORE, BE IT RESOLVED:
1. That the Mayor and City Clerk are hereby authorized and directed to execute a Contract For the Construction of Public Improvements That Will be Accepted by the City of Madison For Northeast Addition to Grandview Commons - Phase 3, with VH GVC NE, LLC.
2. That the plans and specifications for the public improvements necessary to serve this phase of the subdivision are hereby approved.
3. That the developer is auth...
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