Fiscal Note
Private Contract, No City Funds Required
Title
Approving plans and specifications for public improvements required to serve Phase I of the Subdivision known as Village At Autumn Lake and authorizing construction to be undertaken by the Developer, Private Contract No. 1959.
Body
WHEREAS, the developer, VAL Development, LLC, has received the City of Madison's approval to create the subdivision known as Village At Autumn Lake; 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 public improvements to serve Lots 252-258, 287-290, 298-305, 317-360, and 362-366 as Phase I.
NOW, THEREFORE, BE IT RESOLVED:
1. That the Mayor and City Clerk are hereby authorized and directed to execute a Contract for Subdivision Improvements For Village At Autumn Lake, Phase I, with VAL Development, 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 Subdivision Improvements at the sole cost of the developer, except as follows: NONE
4. That the Mayor and City Clerk are hereby authorized to accept dedication of lands and/or easements from the Developer/Owner for public improvements located outside of existing public fee title or easement right-of-ways.