Fiscal Note
This resolution authorizes the purchase of land for the expansion of Esther Beach Park, funded by the Citywide Parkland Acquisition Fund (SI32). A total cash disbursement of $996,000 is anticipated, including $991,000 for land acquisition, $3,000 for a Phase I Environmental Assessment, and $2,000 for miscellaneous closing costs including the City’s portion of pro-rated real estate taxes, recording and settlement fees. Sufficient funding is available within Fund SI32 to allow for this purchase and related costs.
$996,000 SI32-57442-000000-00-0000000-00810398-00000000 Transfer out to Land and Land Improvements
($996,000) CL60-79449-810398-00-0000000-60237N00-00000000 Transfer in from Impact Fees
$996,000 CL60-58110-810398-00-0000000-60237N00-00000000 Parkland Acquisition
Title
Authorizing the execution of an Offer to Sell and Gift Real Estate with Scott M. Faust (“Seller”) for the purchase of two lots located at 2724 and 2728 Waunona Way for the expansion of Esther Beach Park and authorizing the amendment of the 2010 Parks Capital Budget for the acquisition of the lots.
Body
Esther Beach Park is located along the southern edge of Lake Monona on Waunona Way, providing spectacular skyline views of downtown Madison. The Park includes one parcel and the unimproved Esther Beach Road right-of-way. In 1961 the Town of Blooming Grove conveyed Esther Beach Park to the City of Madison (the “City”).
The City’s legacy of acquiring lakefront property for the enjoyment and general welfare of the public took root in the 1890’s initiated by the philosophy of John Olin who during his tenure established 8 miles of public water frontage. For the past 120 years, the City has continued his efforts through implementing his suggestions from Madison a Model City to secure for public use the most important lake frontages with a view to the formation of a Four Lakes District”. In the spirit of this legacy, the City’s Common Council adopted a resolution on March ...
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