Title
Approving Addendum No. 1 to the Subdivision Contract for Grandview Commons Phase V, Contract No. 1919. (3rd AD)
Body
WHEREAS, on September 18, 2003, the developer, Premium Real Estate, LLC, had entered into a Subdivision Contract No. 2085, with the City of Madison and,
WHEREAS, Section 16.23(9)(d)(6)(d) of the Madison General Ordinances allows the City of Madison to reimburse the developer for the installation of the street adjacent to the City owned land, and,
WHEREAS, the Developer has requested the City to install surface pavement in lieu of reimbursement for the installation of street adjacent to City owned land.
NOW, THEREFORE, BE IT RESOLVED:
1. That the Mayor and City Clerk are hereby authorized and directed to execute Addendum No. 1 for Grandview Commons - Phase V with Premium Real Estate, LLC, for the City to install surface pavement in an equivalent amount in lieu of reimbursing for the installation of street adjacent to City owned lands as allowed under Section 16.23(9)(d)(6)(d) of the Madison General Ordinances.
Fiscal Note
Private Contract, no funds required.