Fiscal Note
This vacated/discontinued right-of-way land transfer of 5,239 sq. ft. reverts to adjoining landowner at 6502 Milwaukee Street and will be added to the existing parcel square footage of 122,344 sq. ft. and increase the land value of this property. No expenditure of City funds is required.
Title
Vacating/Discontinuing a portion of Milwaukee Street and North Sprecher Road unimproved public street right-of-way in the northwest quadrant of this intersection, located adjacent and reversion rights to, Lot 7, Metrotech, being located in part of the Southeast Quarter of the Northeast Quarter of Section 2, Township 7 North, Range 10 East, City of Madison, Dane County, Wisconsin. (3rd AD)
Body
WHEREAS, the Plat of "METROTECH" was recorded January 29, 2003 in Volume 58-012A of Plats on Pages 64-65 as Document No. 3642489, Dane County Registry; and
WHEREAS, the Plat of "METROTECH" identified and dimensioned the existing Northwest quadrant of the intersection of North Sprecher Road and Milwaukee Street right-of-way line to include a 268.60 feet radius as acquired by Dane County by Conveyance of Land for Highway Purposes Document recorded December 15, 1947 in Volume 208, Miscellaneous, Page 2 as Document No. 756951; and
WHEREAS, METRO-TECH, LLC is the owner of the abutting property at 6502 Milwaukee Street, with legal reversionary interest, of the proposed Milwaukee Street vacation area; and
WHEREAS, METRO-TECH, LLC, the owner of said abutting property, requested the City of Madison Engineering Division draft and introduce a resolution to vacate/discontinue a portion of Milwaukee Street to adjacent to said property; and
WHEREAS, City of Madison Engineering Division has completed final street improvements for this intersection related to Private Project No. 53B1862- Sprecher Road Extension and determined that this area proposed to be vacated is in fact surplus right-of-way and supports the vacation/discontinuance thereof; and
WHEREAS, the ...
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