Fiscal Note
The 2011 Operating Budget for the Stormwater Utility will be amended to include the easement fee of $201,200.00 in revenue account ESTM-78231-56100, Easements.
Title
Authorizing the grant of a permanent limited easement to American Transmission Company for an electric transmission line in a portion of the City’s Stormwater Utility Parcel 532-533, located along IH 39/90 and Kipp Street.
Body
American Transmission Company (“ATC”) is constructing a 345 kilovolt overhead electric transmission line from Rockdale Substation in the Town of Christiana to the new Cardinal Substation in the Town of Middleton (the “Project”).
The route of the Project passes through a portion of the City of Madison’s Stormwater Utility Parcel 532-533 located along IH 39/90 and Kipp Street, on the City’s Southeast side. ATC is requesting a grant of a permanent limited easement (the “Easement”) from the City in order to construct the Project through the City’s Stormwater Parcels located along IH 39/90.
The width required for the permanent limited easement is varies from about 55 feet to 110 feet, and runs along the IH 39/90 frontage for about 5,200 feet. A map depicting the location of the permanent limited easement is attached and marked as Exhibit A. Compensation to be paid to the City for the granting of the Easement is $201,200.00. The compensation is based on an appraisal which determined both the fair market value of the City’s parcel, and the loss and damages due to the permanent limited easement. Conditions specific to this Easement are listed below.
The City’s Engineering Division and Office of Real Estate Services staffs have reviewed the terms and conditions of the Easement, and the location and design of the Project and recommend that the Easement be granted.
NOW, THEREFORE, BE IT RESOLVED that the Common Council of the City of Madison hereby authorizes the grant to the American Transmission Company LLC (“ATC”) of variable width permanent limited easement (...
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