City of Madison - File #: 06123

• File #: 06123
• Version: 1
• Name: Authorizing the execution of an Agreement for Purchase/Sale of Building Structures pertaining to the house and two-car garage located at 4930 Lien Road.
• Type: Resolution
• Status: Passed
• File created: 4/10/2007
• In control: BOARD OF PUBLIC WORKS
• On agenda: 5/1/2007
• Final action: 5/1/2007
• Enactment date: 5/3/2007
• Enactment #: RES-07-00495
• Title: Authorizing the execution of an Agreement for Purchase/Sale of Building Structures pertaining to the house and two-car garage located at 4930 Lien Road.
• Sponsors: Santiago Rosas, Joseph R. Clausius

Date	Ver.	Action By	Action	Result
5/1/2007	1	COMMON COUNCIL	Adopt	Pass
4/18/2007	1	BOARD OF PUBLIC WORKS	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
4/17/2007	1	COMMON COUNCIL	Refer
4/11/2007	1	Community and Economic Development Unit	Referred for Introduction
4/10/2007	1	Community and Economic Development Unit	Fiscal Note Required / Approval
4/10/2007	1	Finance Dept/Approval Group	Approved Fiscal Note By The Comptroller's Office

Fiscal Note
Net sale proceeds shall be deposited into Account No. CS53-58110-810366-00-53B0999.
Title
Authorizing the execution of an Agreement for Purchase/Sale of Building Structures pertaining to the house and two-car garage located at 4930 Lien Road.
Body
WHEREAS, on November 21, 2005, the City acquired the residential property located at 4930 Lien Road to accommodate the Lien Road Reconstruction Project. Such acquisition was authorized by Resolution Enactment No. RES-05-00872, File Number 02211, adopted on November 8, 2005;and

WHEREAS, on April 13, 2007, the City Engineering Division will advertise a Request for Bids to Purchase and Relocate the two-bedroom house and garage located on the property; and

WHEREAS, on April 27, 2007, the City Engineering Division will select the successful bidder (the "Buyer"); and

WHEREAS, the bid document requires that the Buyer comply with the terms and conditions of an Agreement for Purchase/Sale of Building Structures to be entered into between the City and the Buyer.

NOW, THEREFORE BE IT RESOLVED that the Common Council of the City of Madison (the "City") hereby authorizes the execution of an Agreement for Purchase/Sale of Building Structures with the successful bidder (the "Buyer") of the house and two-car garage (the "Building Structures") located at 4930 Lien Road (the "Premises"), as depicted on attached Exhibit A, subject to the following terms and conditions:

1. Purchase Price and Closing.

a. The purchase price of the Building Structures shall be established upon awarding of the bid and shall be payable in cash at closing.

b. The City agrees to execute and deliver to the Buyer at closing a Bill of Sale conveying the Building Structures to the Buyer. The Building Structures shall be conveyed on an as-is, where-is basis.

c. Closing shall take place within five (5) business days following approval by the City of Madison Common Council, or at a later date agreed to by the parties, and at ...