Fiscal Note
Private project. No City funds required.
Title
Approving plans and specifications for public improvements required to serve Public Improvements Phase 2 of the Subdivision known as Madison Yards at Hill Harms and authorizing construction to be undertaken by the Developer, Private Contract No. 9048. (11th AD)
Body
WHEREAS, the developer, Madison Yard Bock 2, LLC, has received the City of Madison's approval to create the subdivision known as Madison Yards at Hill Farms and conditional approval of a Specific Implementation Plan for the Block 2 mixed-use project at 701 Gardener Road; 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 the public improvements to serve the plat and development within Block 2 as Public Improvements Phase 2.
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 Madison Yards at Hill Farms - Public Improvements Phase 2, with Madison Yard Block 2, 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 dev...
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