City of Madison - File #: 51003

• File #: 51003
• Version: 1
• Name: 11424 Apple Ridge Park Weber Acquisition 6444 Nesbitt Rd
• Type: Resolution
• Status: Passed
• File created: 3/27/2018
• In control: FINANCE COMMITTEE
• On agenda: 5/1/2018
• Final action: 5/1/2018
• Enactment date: 5/7/2018
• Enactment #: RES-18-00349
• Title: Authorizing the execution of a Purchase and Sale Agreement between the City of Madison and the owner of the property located at 6444 Nesbitt Road for the expansion of Apple Ridge Park.
• Sponsors: Samba Baldeh, Steve King, Paul R. Soglin
• Related files: 52957

Date	Ver.	Action By	Action	Result
5/1/2018	1	COMMON COUNCIL	Adopt	Pass
4/25/2018	1	BOARD OF PARK COMMISSIONERS	Return to Lead with the Recommendation for Approval	Pass
4/23/2018	1	PLAN COMMISSION	Return to Lead with the Recommendation for Approval	Pass
4/23/2018	1	FINANCE COMMITTEE	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
4/10/2018	1	FINANCE COMMITTEE	Referred
4/10/2018	1	FINANCE COMMITTEE	Referred
4/10/2018	1	COMMON COUNCIL	Refer	Pass
3/27/2018	1	Economic Development Division	Referred for Introduction

Fiscal Note
The proposed resolution authorizes the execution of a Purchase and Sale Agreement between the City of Madison and the owner of the property located at 6444 Nesbitt Road for the expansion of Apple Ridge Park. The estimated acquisition cost is $267,000 for the parcel plus $20,000 in additional real estate costs for environmental site assessment, title work, miscellaneous closing costs, and staff time for a total cost of $287,000. The Parks Division 2018 capital budget includes $9,000,000 in the Land Acquisition project (Munis project 17128), funded by Park Impact Fees. Funding is available in this project for the purchase of the parcel.
Title
Authorizing the execution of a Purchase and Sale Agreement between the City of Madison and the owner of the property located at 6444 Nesbitt Road for the expansion of Apple Ridge Park.
Body
WHEREAS, James R. Weber and Susan Weber (the “Seller”) is the owner of the property located at 6444 Nesbitt Road in the Town of Verona, Dane County, Wisconsin (the “Property”); and

WHEREAS, the Seller desires to convey the Property to the City of Madison (the “Buyer”), as legally described on attached Exhibit A and depicted as Lot 2 on attached Exhibit B”); and

WHEREAS, the City Parks Division (“City Parks”) identified the Property as a viable site for expansion of the adjacent Apple Ridge Park and desires to purchase the Property; and

WHEREAS, the purchase price contemplated in the Purchase and Sales Agreement (the Agreement”) is based upon a unit value for the land, as determined by an appraisal which was reviewed and approved by the City of Madison Office of Real Estate Services; and

WHEREAS, the Buyer and Seller (the “Parties”) have agreed to the terms of the Agreement and the Seller has signed said Agreement.

NOW, THEREFORE BE IT RESOLVED that the Common Council of the City of Madison hereby authorizes the Mayor and City Clerk to execute a Purchase and Sale Agreement (the “Agreement”) to purchase the Property from...