Fiscal Note
Est. cost is $25,000. Funds are available in Acct. No. CS53-58250-810354-00-53B2085
Title
Approving plans and specifications for public improvements required to serve Phase 15 of the Subdivision known as Grandview Commons and authorizing construction to be undertaken by the Developer, Private Contract No. 2085. (3rd AD)
Body
WHEREAS, the developer, Premium Real Estate, LLC, has received the City of Madison's approval to create the subdivision known as Grandview Commons; 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 108-111, 130-133, 154, 157-165, 170-190, 202-226, part of OL 8, OL 11, OL 12, and OL 13, as Phase 15.
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 Grandview Common, Phase 15, with Premium Real Estate, LLC, and a Release of the Declaration of Conditions, Covenants, and Restrictions on the lots for which public improvements are to be provided.
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: The City shall construct or reimburse the dev...
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