City of Madison - File #: 02743

• File #: 02743
• Version: 1
• Name: Authorizing the execution of an Offer to Purchase Real Property with the Madison Met. School Dist. for the purchase of land located at the southwest corner of Lot 248, First Add. to Reston Heights, City of Madison for the future siting of a fire station.
• Type: Resolution
• Status: Passed
• File created: 1/11/2006
• In control: BOARD OF ESTIMATES (ended 4/2017)
• On agenda: 3/21/2006
• Final action: 3/21/2006
• Enactment date: 3/23/2006
• Enactment #: RES-06-00250
• Title: Authorizing the execution of an Offer to Purchase Real Property with the Madison Metropolitan School District for the purchase of land located at the southwest corner of Lot 248, First Addition to Reston Heights, City of Madison for the future siting of a fire station.
• Sponsors: Lauren Cnare, Judy Compton

Date	Ver.	Action By	Action	Result
3/21/2006	1	COMMON COUNCIL	Adopt	Pass
3/13/2006	1	BOARD OF ESTIMATES (ended 4/2017)	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
3/6/2006	1	PLAN COMMISSION	Return to Lead with the Recommendation for Approval	Pass
1/23/2006	1	PLAN COMMISSION	Re-refer	Pass
1/17/2006	1	COMMON COUNCIL	Refer
1/17/2006	1	BOARD OF ESTIMATES (ended 4/2017)	Refer
1/11/2006	1	Community and Economic Development Unit	Fiscal Note Required / Approval
1/11/2006	1	Finance Dept/Approval Group	Approved Fiscal Note By The Comptroller's Office
1/11/2006	1	Community and Economic Development Unit	Referred for Introduction

Fiscal Note
Project No. 4 in the Fire Department's 2006 Capital Budget includes $300,000 to purchase land for a Far East Station. Funds are available in CL72-58110-810490-00-72E0013.
Title
Authorizing the execution of an Offer to Purchase Real Property with the Madison Metropolitan School District for the purchase of land located at the southwest corner of Lot 248, First Addition to Reston Heights, City of Madison for the future siting of a fire station.
Body
PREAMBLE

The Madison Fire Department ("MFD") has been looking for land for the future siting of a fire station to provide service to the east-central area of the City of Madison ("City"). The MFD has identified a site of approximately 1.4 acres generally located at the southwest corner of Lot 248 First Addition to Reston Heights, City of Madison (the "Property") shown in Exhibit "A" that meets its selection criteria for the location of the fire station. The Property is currently owned by the Madison Metropolitan School District (MMSD). MMSD has presented the City with an Offer to Purchase real property (the "Offer"). An appraisal of the Property has been performed that supports the purchase price of this offer.

NOW, THEREFORE BE IT RESOLVED that the Mayor and City Clerk are hereby authorized to execute an Offer to Purchase Real Property from MMSD for land located at the southwest corner of Lot 248 First Addition to Reston Heights, City of Madison for the future siting of a fire station, on the following terms and conditions:

1. Purchase Price. The total purchase price of the MMSD's interest in the Property shall be an amount equal to the product of $4.75 per square foot times the exact number of square feet of surface area within the Property exclusive of road rights of way, as determined at the time of platting of Lot 248 and the establishment of the Property as a lot within such plat, payable in cash at closing. The Property is approximately 1.4 acres (60,984 square feet) (60,984 s...