Fiscal Note
There is no exchange of cash involved in the dedication from Homburg or the grant of easement to the state. Homburg will be given credit against park dedication or payments required in other developments that it is or will be doing. The $16,625 payment for the sewer easement will be credited to the Impact Fee Fund (si32), which is where fees in lieu of dedication are deposited for use in land acquisitions.
Title
Authorizing the execution of a Dedication Agreement between the City of Madison and Homburg Farms, LLC for the dedication of land for the Glacial Drumlins State Bike Trail, and the execution of a sanitary sewer easement with the Village of Cottage Grove and a bike path easement with the Wisconsin Department of Natural Resources within the dedicated lands.
Body
WHEREAS, Homburg Farms, LLC (“Homburg”) owns approximately 75 acres (the “Property”) within the planned urban expansion area of the City; and
WHEREAS, Homburg intends to annex the Property to the City of Madison when it is timely for urban expansion; and
WHEREAS, the Wisconsin Department of Natural Resources (the “DNR”) requires the use of 3.2 acres of the Property for the purpose of extending the Glacial Drumlins State Bike Trail (the “Bike Path”) from the Village of Cottage Grove to Interstate 90 in the City of Madison; and
WHEREAS, the City supports the completion of the Bike Path into Madison and has executed a cooperative agreement with the DNR to jointly complete the project; and
WHEREAS, Homburg will be developing other parcels within the City prior to the development of the Property that will require parkland dedications; and
WHEREAS, Homburg is willing to dedicate to the City approximately 3.2 acres of land (the “Dedicated Lands”), as depicted on the attached Exhibit A, for the Bike Path prior to the development of the Property that will be credited and be used to meet parkland dedication requirements for other developments within the City.
WHEREAS, the City and Hom...
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