Fiscal Note
Land acquisition costs are estimated to be $650,000. Funding for the proposed acquisition and associated expenses is available within the Economic Development Division’s Adopted Capital Budget for Landbanking.
Title
Authorizing the City’s execution of a Purchase and Sale Agreement between the City of Madison and McDonald’s USA, LLC, a Delaware limited liability company or their successors and assigns, for the purchase of the property located at 3709 Kinsman Blvd in the City of Madison to provide the City with both short and long-term options for uses that are compatible with the planned construction at the adjacent property of a facility to provide shelter services for men experiencing homelessness. (12th AD)
Body
WHEREAS, on October 12, 2021, the Madison Common Council enacted RES-21-00679 (Legistar File #67405) authorizing the purchase of the property located at 1902 Bartillon Drive for potential future uses to address homelessness; and,
WHEREAS, on April 25, 2022, the Madison Common Council enacted RES-22-00295 ( Legistar File #70582) selecting that property as the site for a shelter facility serving men experiencing homelessness, and directing City staff to proceed with the planning and design of said facility; and,
WHEREAS, McDonald’s USA, LLC (the “Seller”) is the owner of the property located at 3709 Kinsman Blvd, which is immediately adjacent to the 1902 Bartillon Drive site, and which contains 37,082 square feet or 0.87 acres (“Property”), legally described as follows:
Part of Lot Eight (8), Kinsman Business Park, recorded in Volume 56-74B of Plats, page 218, Dane County Registry, located in the Southwest 1/4 of Section 28, Township 8 North, Range 10 East, in the City of Madison, Dane County, Wisconsin, to wit: Commencing at the Southwest corner of Lot 6 of said Kinsman Business Park; thence North 02° 27’ 28” West, 481.62 feet to the point of beginning; thence continuing North 02° 27’ 28” West, 144.69 feet to a point of curve; thence ...
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