Fiscal Note
There is no fiscal impact with the approval of the Development and Land Swap Agreement. The City will complete several public works projects, under separate resolutions and approvals in order to complete the work that is proposed for the development of the residential subdivision. Initial cost estimates for that work are as follows:
Impact fee district for sanitary sewer $250,000
Construction of the public infrastructure to serve the plat $850,000.00
Subdivision platting and related design services $25,000.00
The funds will be allocated with the respective projects. There is no schedule for the future extension of Jeffy Trail and that is considered outside the scope of this overall development project.
Title
Approving a Development and Land Swap Agreement for the Development of the Audubon Addition to Hawks Creek. (1st AD)
Body
PREAMBLE
The Madison Audubon Society, Inc. (the “Society”) is the owner of an improved residential parcel containing 9.48 acres located at 7960 Raymond, (the “Property”). The Property fronts on Raymond Road, with Jeffy Trail and Trevor Way rights-of-way extending to the northern boundary of the Property.
The Property was acquired by the Society in September of 2011 as a gift after the owner passed away and is currently offered for sale by the Madison Audubon Society, Inc. The Society has accepted Purchase and Sale Agreement from the City of Madison (the “City”) for the Property. The City Engineering Division and the Office of Real Estate Services has negotiated terms with the Society for the acquisition of the Property.
The acquisition of the Property would facilitate the expansion of the Ice Age Junction Trail, extension of Jeffy Trail, related infrastructure improvements, and the creation of public open space. The Property has been identified in the High Point - Raymond Neighborhood Development Plan. The proposed uses shown on the Plan range from low density residential development, park, drainage, and open ...
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