Fiscal Note
Adoption of this resolution has no direct budgetary impact.
Title
SUBSTITUTE - Authorizing the Mayor and City Clerk to execute a Public Access Management Agreement with Edgewater Hotel Company LLC to govern the use, access, maintenance, operation and management of certain components of the proposed expansion of the Edgewater Hotel
Body
Preamble
In 1965, the Common Council vacated a portion of Wisconsin Avenue north of Langdon Street, and reserved an easement over that vacated portion for the permanent benefit of the general public. The vacation and the reserved easement rights were provided for in an uncodified ordinance (as amended, the “1965 Ordinance”). In the 1965 Ordinance the City reserved an easement over the vacated portion “to the extent reasonably necessary and appropriate to assure for the benefit of the public” certain objectives, including public pedestrian access to and along the lakeshore, public pedestrian access to the top of any structure placed in the vacated street, and the preservation of the view over Lake Mendota.
Upon vacation in 1965, ownership of the vacated portion of the former street reverted to the owners of the Edgewater Hotel, and in the early 1970’s the owners constructed an addition to the hotel in the vacated lands. To comply with the 1965 Ordinance, the Edgewater owners provided access to the lakeshore, access along the lakeshore, and access to the roof of the 1970’s addition. These access points and the rooftop viewing location, although approved by the Common Council in 1974, lack amenities and accessibility and are in need of reconstruction.
At its May 18, 2010 meeting, the Common Council conditionally approved a request to rezone the existing Edgewater Hotel property and adjacent property to allow redevelopment and expansion of the Hotel and the construction of a parking garage. The Common Council also approved a TIF Loan to Landmark X, LLC (“Developer”) to fund the construction of certain public access co...
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