Fiscal Note
Private Contract; No Appropriation Required
Title
Authorizing the Mayor and City Clerk to execute a Contract For the Construction of Public Improvements for public improvements required to serve a Certified Survey Map of property located at 501 Charmany Drive with the Developer, Private Contract No. 8166. (19th AD)
Body
WHEREAS, the developer, University Research Park, Incorporated, has received the City of Madison's conditional approval of a Certified Survey Map of property located at 501 Charmany Drive; and,
WHEREAS, Section 16.23(9) of the Madison General Ordinances requires the developer to install the public improvements necessary to serve the subdivision.
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 501 Charmany Drive, with University Research Park, Incorporated.
2. That the developer is authorized to construct the public improvements in accordance with the terms of the Contract For the Construction of Public Improvements That Will be Accepted by the City of Madison at the sole cost of the developer, except as follows: Reimbursement not to exceed the statutory limit for the cost of street improvements that benefit the City and abut lands owned by the City, in accordance with Section 16.23(9)(d)(6)(d).
4. That the Mayor and City Clerk are hereby authorized to sign and grant easements or right-of-way release or procurement documents, maintenance agreements or encroachment agreements, as necessary and grant or accept dedication of lands and/or easements from/to the Developer/Owner for public improvements located outside of existing public fee title or easement right-of-ways.
5. The Common Council is approved to accept ownership of the improvements in the Maintenance Area if a maintenance agreement is executed and recorded as a condition of this contract.