Fiscal Note
Private Contract, No City Funds Required.
Title
Approving plans and specifications for public improvements required to serve Phase 17 of the Subdivision known as Grandview Commons and authorizing construction to be undertaken by the Developer, Private Contract No. 2308 and rescinding Resolution RES-12-00520, file ID 26747. (3rd AD)
Body
WHEREAS, the developer, Veridian Homes MREC, LLC, has received the City of Madison's approval to create the subdivision known as Grandview Commons; and,
WHEREAS, the developer has received approval for this project under Resolution RES-12-00520, file ID 26747, and;
WHEREAS, Section 16.23(9) of the Madison General Ordinances requires the developer to install the public improvements necessary to serve the subdivision; and,
WHEREAS, Section 16.23(9) of the Madison General Ordinances allows the developer to install the improvements in construction phases provided that a Declaration of Conditions, Covenants, and Restrictions is executed for those lots included in future construction phases until such time as surety is provided to the City to guarantee the installation of the public improvements to serve said lots; and,
WHEREAS, the developer proposes to provide public improvements to serve Lots 185-189, 217-226 and Lot 3 of CSM 11218 as Phase 17; and,
WHEREAS, the developer has requested that the contracting entity name be changed to MREC VH Madison, LLC necessitating reapproval of the plans and specifications for public improvements required to serve Phase 17 of the Subdivision known as Grandview Commons.
NOW, THEREFORE, BE IT RESOLVED:
1. That the Mayor and City Clerk are hereby authorized and directed to execute a Contract For the Construction of Public Improvements That Will be Accepted by the City of Madison For Grandview Commons, Phase 17, with MREC VH Madison, LLC, and a Release of the Declaration of Conditions, Covenants, and Restrictions on the lots for which public improvements are to be provided.
2. That the plans and specifications for the public improvements necessary to serve this phase of the subdivision are hereby approved.
3. That the developer is authorized to construct the public improvements in accordance with the terms of the Contract For the Construction of Public Improvements That Will be Accepted by the City of Madison at the sole cost of the developer, except as follows: NONE
4. That the Mayor and City Clerk are hereby authorized to sign and grant easements or right-of-way release or procurement documents, maintenance agreements or encroachment agreements, as necessary and grant or accept dedication of lands and/or easements from/to the Developer/Owner for public improvements located outside of existing public fee title or easement right-of-ways.
5. The Common Council is approved to accept ownership of the improvements in the Maintenance Area if a maintenance agreement is executed and recorded as a condition of this contract.
6. That Resolution RES-12-00520, file ID 26747 is hereby rescinded.