Fiscal Note
No fiscal or budgetary impact.
Title
Authorizing the execution of an Assignment and Agreement between the City of Madison and Madison Metropolitan Sewerage District, and acceptance of a Quit Deed from Madison Metropolitan Sewerage District to the City of Madison for all rights and title to a continuous portion of the Southwest Interceptor, at no cost to the City of Madison.
Body
WHEREAS, Madison Metropolitan Sewerage District (“MMSD”), is the owner of a sewer interceptor line located along and near Lake Wingra, the Southwest Bike Path corridor, Odana Golf Course and Orchard Ridge Valley Park, a.k.a., the Southwest Interceptor (the “SWI”); and
WHEREAS, this portion of the SWI is entirely located within the municipal boundaries of the City of Madison (the “City”) and serves only the City and is no longer needed by MMSD as a regional interceptor, as shown on Exhibit A; and
WHEREAS, MMSD approached the City about acquiring this portion of the SWI, and the City has agreed to acquire said portion, at no cost to the City; and
WHEREAS, the City and MMSD have negotiated the terms and conditions of an Assignment and Agreement whereby the City will accept the ownership of a portion of the SWI by way of a Quit Claim Deed; and
WHEREAS, the City Engineering Division and City Attorney have reviewed the MMSD Assignment and Agreement, and approve of the terms and conditions,
NOW, THEREFORE, BE IT RESOLVED that Common Council of the City of Madison (the “City”) authorizes the execution of the Southwest Interceptor Assignment and Agreement (the “Agreement”) between the City and Madison Metropolitan Sewerage District (“MMSD”), and acceptance of a Quit Claim Deed from MMSD for the all rights and interests of a portion of the Southwest Interceptor (the “SWI), more particularly described on attached Exhibit A and depicted on attached Exhibit B; subject to the following terms and conditions:
1. Description of SWI Facilities. MMSD agrees to assign to the City, at no c...
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