Fiscal Note
The easement fee of $21,091.00 shall be deposited in ESTM-78231-561000.
Title
Authorizing the grant of a permanent limited easement to American Transmission Company for an electric transmission line along a portion of the City’s Stormwater Utility Parcel 533, located along the 4200 Block of Sycamore Avenue.
Body
WHEREAS, American Transmission Company (“ATC”) has an existing 345 kilovolt overhead electric transmission line located parallel with the Wisconsin Southern Railroad corridor, near the City Engineering Stormwater Utility parcel, in the 4200 Block of Sycamore Avenue; and
WHEREAS, ATC is replacing the existing pole structures along the aforementioned corridor as part of an upgrade of the overhead electric line system that runs along the Wisconsin Southern rail corridor, easterly to IH 90/94; and
WHEREAS, ATC is requesting a grant of a permanent limited easement (the “Easement”) from the City in order to install an new pole structure adjacent to the existing facilities along Sycamore Avenue within City’s Stormwater Utility parcel; and
WHEREAS, the Easement measures approximately 43 feet by 64 feet and crosses a narrow City-owned parcel, described on attached Exhibit A; and
WHEREAS, ATC has offered compensation to be paid to the City for the granting of the Easement of $21,091.00. The compensation is based on an appraisal which determined both the fair market value of the City’s parcel, and the loss and damages due to the permanent limited easement; and
WHEREAS, the City’s Engineering Division and Office of Real Estate Services staffs have reviewed the terms and conditions of the Easement, the location and design of the Project, and the amount of compensation to be paid by ATC to the City; and recommend that the Easement be granted.
NOW, THEREFORE, BE IT RESOLVED that the Common Council of the City of Madison hereby authorizes the grant to the American Transmission Company LLC (“ATC”) a permanent limited easement (“PLE”) for the insta...
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