City of Madison - File #: 35982

• File #: 35982
• Version: 1
• Name: 10182 Acquisition 5200 Camden Rd - Schmidt
• Type: Resolution
• Status: Passed
• File created: 10/28/2014
• In control: BOARD OF PUBLIC WORKS
• On agenda: 12/2/2014
• Final action: 12/2/2014
• Enactment date: 12/3/2014
• Enactment #: RES-14-00878
• Title: Authorizing the execution of a Purchase and Sale Agreement between the City of Madison and Tina M. Schmidt for the purchase of a parcel located at 5200 Camden Road for the location of a City Engineering bio-retention basin.
• Sponsors: David Ahrens

Date	Ver.	Action By	Action	Result
12/2/2014	1	COMMON COUNCIL	Adopt	Pass
11/24/2014	1	PLAN COMMISSION	Return to Lead with the Recommendation for Approval	Pass
11/19/2014	1	BOARD OF PUBLIC WORKS	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
11/18/2014	1	BOARD OF PUBLIC WORKS	Refer
11/18/2014	1	COMMON COUNCIL	Referred	Pass
10/28/2014	1	Economic Development Division	Referred for Introduction

Fiscal Note
The total acquisition costs are estimated to be $37,500 broken out as follows: $35,000 for the purchase price of the Real Estate, $2,500 miscellaneous closing costs (prorated taxes, filing fees etc). Funds are available in Engineering Account No. ESTM-58110-810389-00-53W1690.
Title
Authorizing the execution of a Purchase and Sale Agreement between the City of Madison and Tina M. Schmidt for the purchase of a parcel located at 5200 Camden Road for the location of a City Engineering bio-retention basin.
Body
Tina M. Schmidt (the “Owner”) is the owner of a 0.34-acre improved residential parcel located at 5200 Camden Road, (the “Property”). The Property is located at the southeast quadrant of the intersection of Camden Road and Linda Vista Road.

The Property is improved with a 3-unit triplex dwelling and 3-car detached garage. The triplex fronts both Camden Road and Linda Vista Road. The detached garage is located at the end of the Linda Vista Road frontage. The building improvements date to the early 1960’s.

The detached garage has had a history of flooding during significant rain events due to its location at the end of the Linda Vista Road right-of-way and below grade topography. A recent City of Madison sidewalk construction project that included storm sewer improvements was unable to completely alleviate the flooding problem with the detached garage.

After discussions between the Owner and the City Engineering Division, it was concluded that the purchase of a 0.07-acre parcel including the detached garage (the “Retention Parcel”), razing of said detached garage, and construction of a bio-retention basin at the end of Linda Vista Road was the best long term solution.

The 0.07-acre Retention Parcel, including the detached garage has been appraised by an independent fee appraiser contracted by the City. Based on the appraisal, the City Engineering Division and the Office of Real Estate Services have negotiated terms with the Owner fo...