City of Madison - File #: 02211

• File #: 02211
• Version: 1
• Name: Accepting an Offer to Sell from Timothy and Denise Jackson for the property located at 4930 Lien Road, which is required for the Lien Road reconstruction project.
• Type: Resolution
• Status: Passed
• File created: 10/12/2005
• In control: BOARD OF PUBLIC WORKS
• On agenda: 11/8/2005
• Final action: 11/8/2005
• Enactment date: 11/10/2005
• Enactment #: RES-05-00872
• Title: Accepting an Offer to Sell from Timothy and Denise Jackson for the property located at 4930 Lien Road, which is required for the Lien Road reconstruction project.
• Sponsors: Santiago Rosas

Date	Ver.	Action By	Action	Result
11/8/2005	1	COMMON COUNCIL	Adopt	Pass
11/7/2005	1	PLAN COMMISSION	Return to Lead with the Recommendation for Approval	Pass
11/2/2005	1	BOARD OF PUBLIC WORKS	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
10/18/2005	1	COMMON COUNCIL	Refer
10/18/2005	1	BOARD OF PUBLIC WORKS	Refer
10/12/2005	1	Community and Economic Development Unit	Fiscal Note Required / Approval
10/12/2005	1	Finance Dept/Approval Group	Approved Fiscal Note By The Comptroller's Office
10/12/2005	1	Community and Economic Development Unit	Referred for Introduction

Fiscal Note
Funds for the acquisition cost of $165,000.00 and closing costs, not to exceed
$3,500, are available in Account No. CS53-58110-810366-00-53B0999
Title
Accepting an Offer to Sell from Timothy and Denise Jackson for the property located at 4930 Lien Road, which is required for the Lien Road reconstruction project.
Body
PREAMBLE


The City of Madison Engineering Division has created the Lien Road reconstruction project. A property that needs to be acquired for this reconstruction project is the single-family residence located at 4930 Lien Road that is owned by Timothy E. Jackson and Denise A. Jackson. The Jacksons have agreed to sell their property to the City and have delivered an Offer to Sell in the amount of $165,000 to the City's Real Estate Section. City Engineering and Real Estate staff have reviewed the real estate appraisal of the property and have completed an environmental site assessment of the property. The appraised value is $165,000 and the report is satisfactorily prepared and supported. The environmental site assessment found no conditions that require further action. To facilitate the owners in acquiring their replacement residence, the City will pay for the costs of the appraisal and the owners' moving costs, and will allow the owners to retain occupancy of the property until not later than May 1, 2006. During that period of post closing occupancy, the owners will not pay rent, but will pay their utility and maintenance costs and will not be permitted to sublease the property.

NOW, THEREFORE, BE IT RESOLVED that the Common Council of the City of Madison authorizes the acceptance of the Offer to Sell, in the amount of One Hundred Sixty Five Thousand and no/100 Dollars ($165,000.00) submitted to the City of Madison by Timothy E. Jackson and Denise A. Jackson for the property located at 4930 Lien Road, City of Madison, and legally described below and depicted in the attached Exhibit A; it being that the Engineering Divisio...