Fiscal Note
Funds are available in the Citywide Parkland Fee Fund SI32. Total costs are estimated at $215,000. No General Obligation Debt borrowing is required.
Title
Authorizing the acceptance of an Offer to Sell from Leonard J. Filut for a single-family property located at 4302 Loeprich Lane in the Town of Westport for the expansion of Cherokee Marsh Conservation Park.
Body
PREAMBLE
The Filut property (the "Property") located at 4302 Loeprich Lane in the Town of Westport consists of a single-family house on a one-acre parcel surrounded by Cherokee Marsh Conservation Park. The Property is located north of the Mendota Mental Health Institute and is served by a well and septic system.
The City of Madison acquired the surrounding property in the 1980s and wanted to acquire the Property but the owners did not want to sell their property at that time. The current owner now wants to sell the property to the City of Madison for the appraised price of $178,000.
This acquisition preserves upland to be restored to oak savannah and woodland adjacent to wetland, removes a source of invasive species, and improves the Parks Division's ability to manage people and vegetation in the Cherokee Marsh Conservation Park.
NOW, THEREFORE, BE IT RESOLVED that the Common Council of the City of Madison (the "Council") authorizes the acceptance of an Offer to Sell from Leonard J. Filut (the "Seller") for his property located at 4302 Loeprich Lane in the Town of Westport (the "Property"), as shown on the attached map, for the expansion of Cherokee Marsh Conservation Park.
BE IT FURTHER RESOLVED that the conditions of the sale include the following:
- Purchase price for the Property is $178,000
- Closing shall occur on or before August 31, 2007 or at a later date as approved by both parties to allow the Seller time to secure new living arrangements.
BE IT STILL FURTHER RESOLVED, that funds are authorized to be released from Account No. SI32 in the amoun...
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