Madison, WI Header
File #: 35343    Version: 1 Name: Approving Addendum No. 1 to the Development Agreement Menards West Expansion Contract No. 1979.
Type: Resolution Status: Passed
File created: 8/26/2014 In control: BOARD OF PUBLIC WORKS
On agenda: 9/16/2014 Final action: 9/16/2014
Enactment date: 9/17/2014 Enactment #: RES-14-00706
Title: Approving Addendum No. 1 to the Development Agreement Menards West Expansion Contract No. 1979. (9th AD)
Sponsors: BOARD OF PUBLIC WORKS
Date Ver.Action ByActionResultAction DetailsMeeting DetailsWatch
9/16/20141 COMMON COUNCIL Adopt Under Suspension of Rules 2.04, 2.05, 2.24, and 2.25Pass Action details Meeting details Not available
9/3/20141 BOARD OF PUBLIC WORKS RECOMMEND TO COUNCIL TO ADOPT UNDER SUSPENSION OF RULES 2.04, 2.05, 2.24, & 2.25 - REPORT OF OFFICERPass Action details Meeting details Not available
8/26/20141 Engineering Division Refer  Action details Meeting details Not available
Fiscal Note
Private Contract, No Funds Required.
Title
Approving Addendum No. 1 to the Development Agreement Menards West Expansion Contract No. 1979. (9th AD)
Body
WHEREAS, the developer, Kraus-Anderson Construction Company, had entered into a Development Agreement with the City of Madison, and;
 
WHEREAS, the contract obligation for this project required work on Junction Road - CTH M for the installation of  sidewalk abutting the development, and;
 
WHEREAS, The City, State and County have since completed roadway construction under an assessable contract and have installed the sidewalk improvements that were required under the Developers Agreement, allowing for the close out of the Development Agreement and release of the surety bond, and;
 
WHERAS, the Development Agreement required a $50,000 deposit to be put towards intersection improvements for CTH M and CTH S, which would be refunded if the City, State and County did not have said improvements under contract by September 1, 2007, and;
 
WHEREAS, said intersection improvements were under contract by September 1, 2007 and the improvements since assessed allowing for the refund of the remaining deposit back to Menard, Inc., as detailed in Private Contract 1979.
 
NOW, THEREFORE, BE IT RESOLVED:
 
1.      That the Mayor and City Clerk are hereby authorized and directed to execute Addendum No. 1 for Menards West Expansion, Contract No. 1979,  with Kraus-Anderson Construction Company  to allow for the close out of the contract and release of the surety bond.
 
2.      That the City Engineer is authorized to release the remaining deposits from Menard, Inc. for the intersection improvements on CTH M and CTH S that were required as a condition of the Development Agreement.