Fiscal Note
No City Funds required. Private Contract.
Title
Approving plans and specifications for public improvements required to serve Phase 24 of the Subdivision known as Grandview Commons Replat No. 1 and authorizing construction to be undertaken by the Developer, Private Contract No. 7860. (3rd AD)
Body
WHEREAS, the developer, MREC VH Madison LLC, has received the City of Madison's conditional approval to create the subdivision known as Grandview Commons Replat No. 1; 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 719-729 and 733-742 as Phase 24.
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 Grandview Commons Replat No. 1 - Phase 24, with MREC VH Madison 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 authorized to construct the public improvements in accordance with the terms of the Contract For the Construction of Public Improvements That Will be Accepted by the City of Madison at the sole cost of the developer, except as follows: Reimbursement not to exceed the statutory limit for the cost of street improvements that benefit the City and abut lands owned by the City, in accorda...
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