Fiscal Note
Est. cost not to exceed $25,000
Funds available in Acct. No. CS53-58250-810354-00-53B2394
Title
Amending Approving plans and specifications for public improvements required to serve Phase 1 of the Subdivision known as North Addition to Grandview Commons and authorizing construction to be undertaken by the Developer, Private Contract No. 2394. (3rd AD)
Body
WHEREAS, the developer, MREC VH Grandview Commons, LLC, has received the City of Madison's approval to create the subdivision known as North Addition to Grandview Commons; and,
WHEREAS, on June 17, 2014, the developer received approval for a Contract For the Construction of Public Improvements That Will be Accepted by the City of Madison For North Addition to Grandview Commons - Phase 1, per Resolution RES-14-00487, File No. 34307; 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 760-764, 769-788, 791-792, 798-802, 897-901 and Outlot 46 as Phase 1; and,
WHEREAS, the amendment to the approved resolution is correcting a typographical error in the Private Contract Number and Fiscal Note.
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 North Addition to Grandview Commons, Phase 1, with MREC VH Grandview Commons, LLC and a Release of the Declara...
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