City of Madison, Wisconsin | Legislative Information Center
Share to Facebook Share to Twitter Bookmark and Share
File #: 34941    Version: 1 Name: 10469 513 Jacobson Ave Acquisition
Type: Resolution Status: Passed
File created: 7/23/2014 In control: PLAN COMMISSION
On agenda: 9/2/2014 Final action: 9/2/2014
Enactment date: 9/5/2014 Enactment #: RES-14-00626
Title: Authorizing the execution of a Purchase and Sale Agreement between the City of Madison and AnchorBank FSB for the purchase of two lots located at 513 Jacobson Avenue and 3533 Furey Avenue for the Irwin A. and Robert D. Goodman Path and a storm water pond.
Sponsors: Marsha A. Rummel, David Ahrens
Attachments: 1. 10469 513 Jacobson Resolution Exhibit B 7.22.14.pdf
Fiscal Note
Funds are available in the Bikeways capital project account number CS53-58110-810375-00-53W1319.
Title
Authorizing the execution of a Purchase and Sale Agreement between the City of Madison and AnchorBank FSB for the purchase of two lots located at 513 Jacobson Avenue and 3533 Furey Avenue for the Irwin A. and Robert D. Goodman Path and a storm water pond.
Body
The Common Council enacted Resolution RES-14-00244 on April 8, 2014 which determined a Public Purpose and Necessity and adopted a Relocation Order for the acquisition of land interests required for the construction and maintenance of the Irwin A. and Robert D. Goodman path, a multi-purpose (bicycle and pedestrian path) and on-street bike route from the Capital City path at Marquette Street to the Marsh View path at Highway 30 (the “Path”). A portion of the land interests that are required to be acquired for the path are on two lots owned by AnchorBank FSB at 513 Jacobson Avenue and 3533 Furey Avenue within the City of Madison (collectively, the “Property”).

Subsequent to the adoption of the resolution of Public Purpose and Necessity and the Relocation Order, City Engineering determined that the portion of the Property that is not within the land interests required to be acquired for the Path could be used to construct a storm water pond that would reduce the amount of suspended solids, phosphorous and other pollutants from entering lakes and streams. New developments within the City have storm water ponds. Older areas of the City do not have ponds and acquiring the entire Property will provide an opportunity to the City to install a storm water pond at this location and reduce pollution entering Starkweather Creek.

A Letter of Intent containing the terms and conditions of a Purchase and Sale Agreement (the “PSA”) has been negotiated and executed between the City and AnchorBank FSB for the purchase of the Property. Adoption of this resolution will authorize the execution of the PSA.

...

Click here for full text