City of Madison - File #: 52532

• File #: 52532
• Version: 1
• Name: 11602 - Parks Budget Amendment & PSA Dykman Acquisition for Ice Age Trail
• Type: Resolution
• Status: Passed
• File created: 7/18/2018
• In control: FINANCE COMMITTEE
• On agenda: 9/25/2018
• Final action: 9/25/2018
• Enactment date: 9/28/2018
• Enactment #: RES-18-00688
• Title: Amending the 2018 Adopted Parks Division Capital Budget and Authorizing the execution of a Purchase and Sale Agreement between Charles P. Dykman and Bonnie Dykman, and the City of Madison for the acquisition of 40 acres of vacant land located in the Town of Verona, Dane County, to extend the Ice Age Trail and create a park.
• Sponsors: Paul R. Soglin, Samba Baldeh, Barbara Harrington-McKinney

Date	Ver.	Action By	Action	Result
9/25/2018	1	COMMON COUNCIL	Adopt Unanimously	Pass
9/5/2018	1	BOARD OF PARK COMMISSIONERS	Return to Lead with the Recommendation for Approval	Pass
7/30/2018	1	PLAN COMMISSION	Return to Lead with the Recommendation for Approval	Pass
7/30/2018	1	FINANCE COMMITTEE	RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICER	Pass
7/24/2018	1	FINANCE COMMITTEE	Refer
7/24/2018	1	FINANCE COMMITTEE	Refer
7/24/2018	1	COMMON COUNCIL	Refer
7/18/2018	1	Economic Development Division	Referred for Introduction

Fiscal Note
The proposed resolution authorizes the execution of a Purchase and Sale Agreement (PSA) between the City of Madison and the owner of the property located in the Town of Verona. The total acquisition costs are estimated to be $2,030,000 broken out as follows: $2,000,000 for the purchase price of the Real Estate, $25,000 for demolition costs, and $5,000 for miscellaneous closing costs (prorated taxes, filling fees, etc.) and Real Estate staff costs. This resolution also amends the Parks Division 2018 Capital Budget by appropriating up to $1,530,000 in Citywide Parkland Impact Fees to the Dykman Project (Parks Division Account No. 17355-51-110). An additional $500,000 of the acquisition costs shall be received from Dane County (authorized in a resolution to the Dane County Board of Supervisors).
Title
Amending the 2018 Adopted Parks Division Capital Budget and Authorizing the execution of a Purchase and Sale Agreement between Charles P. Dykman and Bonnie Dykman, and the City of Madison for the acquisition of 40 acres of vacant land located in the Town of Verona, Dane County, to extend the Ice Age Trail and create a park.
Body
WHEREAS, Chales P. Dykman and Bonnie Dykman (collectively, the “Seller”) own 40 acres of vacant land located in the Town of Verona, Dane County, Wisconsin, as legally described on attached Exhibit A and depicted on attached Exhibit B (the “Property”); and

WHEREAS, the Property is currently located within the Town of Verona and is identified in Peripheral Planning Area A, which is a “Group 1” planning area in the City’s 2006 Comprehensive Plan; and

WHEREAS, Planning Area A (“PPA-A” ) includes the University Ridge Golf Course and lands extending to the west between Mid Town Road and McKee Road. Most of PPA-A was identified in the 1990 Peripheral Area Development Plan within a recommended Permanent Open Space district primarily to recognize the glacial features within the area and the potential for a greenspace separation ar...