City of Madison - File #: 04942

• File #: 04942
• Version: 1
• Name: Annexation Attachment Agreement with Cherokee Park, Inc.
• Type: Resolution
• Status: Passed
• File created: 11/13/2006
• In control: PLAN COMMISSION
• On agenda: 1/16/2007
• Final action: 1/16/2007
• Enactment date: 1/18/2007
• Enactment #: RES-07-00147
• Title: Authorizing the Annexation/Attachment Agreement between the City of Madison and Cherokee Park, Inc.
• Sponsors: Paul J. Van Rooy, Brian Benford, Judy K. Olson, Paul E. Skidmore, Kenneth Golden, David J. Cieslewicz

Date	Ver.	Action By	Action	Result
1/16/2007	1	COMMON COUNCIL	Adopt	Pass
1/8/2007	1	PLAN COMMISSION	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
1/2/2007	1	COMMON COUNCIL	Re-refer	Pass
12/18/2006	1	PLAN COMMISSION	RECOMMEND TO COUNCIL WITH THE FOLLOWING RECOMMENDATIONS - REPORT OF OFFICER	Pass
12/13/2006	1	BOARD OF PARK COMMISSIONERS
12/4/2006	1	PLAN COMMISSION	RECOMMEND TO COUNCIL WITH THE FOLLOWING RECOMMENDATIONS - REPORT OF OFFICER	Pass
11/27/2006	1	BOARD OF ESTIMATES (ended 4/2017)	Return to Lead with the Recommendation for Approval	Pass
11/22/2006	1	PLAN COMMISSION	Refer
11/22/2006	1	PLAN COMMISSION	Refer
11/21/2006	1	COMMON COUNCIL	Refer
11/15/2006	1	Finance Dept/Approval Group	Approved Fiscal Note By The Comptroller's Office
11/15/2006	1	Attorney's Office	Referred for Introduction
11/14/2006	1	Attorney's Office	Fiscal Note Required / Approval

Fiscal Note
The proposed annexation agreement is one of three authorizing proposals that comprise the City's planned development of the Cherokee area. In addition to the annexation agreement, the City has developed a Cherokee Special Area Plan and a Memorandum of Understanding between Cherokee Park Development, Inc. ("Cherokee") and the City, each of which is offered under separate authorizing Resolutions requiring Council approval.

The annexation agreement is essentially a statement of intent between Cherokee and the City and makes no financial commitment by the City at this time. The agreement provides that Cherokee will initiate a series of annexations for property currently in the Towns of Burke and/or Westport. The annexations will occur in phases over several years; each annexation will require separate Council approval. As annexations occur, the City will make sanitary sewer, water, road and other infrastructure improvements appropriate for development and levy special assessments for proportionate cost recovery in accordance with standard City policies and procedures.

The annexation agreement includes two unique provisions:
First, the agreement stipulates that in conjunction with the City's cooperative plan with the Town of Burke, Cherokee will pay to the City "a portion of the debt currently existing in the Town of Burke's municipal water system," estimated to be $423,400. The City will recover its cost over several years via building permit assessments as dwelling units are constructed.

Second, the agreement provides that in the event additional land is required for park purposes beyond those currently designated as park lands, Cherokee will dedicate property known as the "Stewart Property" to serve as a "bank" of parklands upon which may be drawn any required additional park lands commensurate with development. The agreement provides for a valuation of the land and requires that, in the event the total parkland dedication exceeds that...