Fiscal Note
The proposed resolution authorizes the Economic Development Division to execute a Plat Restriction Amendment to partially release and modify the minimum elevation restriction for low window or door openings pertaining to certain buildings constructed on certain lots within the Final Plat of Genesis. The fiscal impact of this resolution is a one-time payment of a $500 administrative fee paid by Genesis Commons, LLC to the Office of Real Estate Services, deposited to account 40470-43522, charge code 63029.
Title
Authorizing the execution of a Plat Restriction Amendment to partially release and modify the minimum elevation restriction for low window or door openings pertaining to certain buildings constructed on certain lots within the Final Plat of Genesis.
Body
WHEREAS, Genesis Commons, LLC (“Owner”) is the owner of certain properties legally described as Lot 1, Lot 2, Lot 8, Lot 10, Lot 11 and Lot 12, Final Plat of Genesis (“Plat”), recorded with the Dane County Register of Deeds on June 14, 2011 in Volume 59-091A of Plats, Pages 419-421, as Document No. 4770373, in the City of Madison, Dane County; and
WHEREAS, the City of Madison (“City”) is the owner of Lot 9 of said Plat; and
WHEREAS, the Plat was conditionally approved by the City‘s Common Council by Resolution Enactment Number RES-10-00318, File I.D. Number 17823, adopted on the 13th of April, 2010; and
WHEREAS, the Plat was subsequently recorded upon the satisfaction of a condition of approval that the existing flood plain boundaries detailed in Federal Emergency Management Agency (“FEMA”) Flood Insurance Rate Map Panel 5525C 0441G, with an effective date of January 2, 2009, be denoted on the Plat; and
WHEREAS, in consideration of the flood plain boundaries, the following restriction was included under the SURVEYOR’S NOTES on the Plat: NO BUILDING SHALL BE CONSTRUCTED WITH A LOW WINDOW OR DOOR OPENING BELOW ELEVATION 861.00 FEET (“Elevation Restriction”); and
WHEREAS, the Owner provide...
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