City of Madison, Wisconsin | Legislative Information Center
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File #: 43364    Version: 1 Name: Authorizing Mayor and City Clerk to enter into a Grant Agreement with The T.W. Sather Company, Inc., to provide a grant of $150,000 through a WEDC Site Assessment Grant (SAG) to fund environmental remediation and demolition work on the property at 1902 T
Type: Resolution Status: Passed
File created: 6/14/2016 In control: BOARD OF ESTIMATES (ended 4/2017)
On agenda: 7/5/2016 Final action: 7/5/2016
Enactment date: 7/6/2016 Enactment #: RES-16-00507
Title: Authorizing Mayor and City Clerk to enter into a Grant Agreement with The T.W. Sather Company, Inc., a Wisconsin corporation to provide a grant of $150,000 utilizing funding received through a WEDC Site Assessment Grant (SAG) for the project to fund environmental remediation and demolition work on the property at 1902 Tennyson Lane/1802 Parkers Avenue.
Sponsors: Larry Palm
Fiscal Note
Resolution 43187 amended the 2016 Adopted Capital budget to receive grant funds from WEDC through the Site Assessment Grant program. The proposed resolution authorizes an agreement with T.W. Saither Company Inc to carry out remediation and demolition work at Tennyson Lane. Work is being done in anticipation of a future affordable housing development at the site.
Title
Authorizing Mayor and City Clerk to enter into a Grant Agreement with The T.W. Sather Company, Inc., a Wisconsin corporation to provide a grant of $150,000 utilizing funding received through a WEDC Site Assessment Grant (SAG) for the project to fund environmental remediation and demolition work on the property at 1902 Tennyson Lane/1802 Parkers Avenue.
Body
WHEREAS the property at 1902 Tennyson Lane and 3802 Packers Avenue on Madison’s Northside (“Property”) is vacant and blighted and is a priority redevelopment site for the City and surrounding neighborhood; and,

WHEREAS the T.W. Sather Company (“Recipient”) and its assigns, in partnership with Lutheran Social Services, has proposed to develop Tennyson Ridge, a 72-unit affordable housing complex, on the site; and,

WHEREAS Phase I and II environmental assessments of the site, a former poultry research factory, have found the building and grounds to be contaminated. The grounds contain several underground storage tanks and are contaminated with diesel range organics (DRO) and Xylene, while the buildings contain asbestos; and,

WHEREAS the City of Madison has agreed to work cooperatively with the Recipient and Tennyson Ridge, LLC. (the “Owner”) on environmental assessment, remediation, and demolition work needed to prepare the site for redevelopment; and,

WHEREAS the Wisconsin Economic Development Corporation (WEDC) has awarded the City of Madison a $150,000 Site Assessment Grant for this purpose; and,

WHEREAS in order to fund the Recipient’s work at the Property, the City is granting funds received from WEDC upon the followi...

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