Fiscal Note
The proposed resolution approves plans for the Eagle Trace Subdivision private development. Public improvements at the cost of the City are estimated to be less than $25,000. The Engineering Major Streets Reconstruction Streets capital program (MUNS 11136) provides sufficient funding within the adopted 2018 budget for these expenditures. Funding is provided by GO Borrowing.
MUNIS:
11136-402-170
Title
Approving plans and specifications for public improvements required to serve Phase 1 of the Subdivision known as Eagle Trace and authorizing construction to be undertaken by the Developer, Private Contract No. 8179. (9th AD)
Body
WHEREAS, the developer, VHET, LLC, has received the City of Madison's conditional approval to create the subdivision known as Eagle Trace; and,
WHEREAS, Section 16.23(9) of the Madison General Ordinances requires the developer to install the public improvements necessary to serve the subdivision; and,
WHEREAS, Section 16.23(9) of the Madison General Ordinances allows the developer to install the improvements in construction phases provided that a Declaration of Conditions, Covenants, and Restrictions is executed for those lots included in future construction phases until such time as surety is provided to the City to guarantee the installation of the public improvements to serve said lots; and,
WHEREAS, the developer proposes to provide public improvements to serve Lots 1-3, 17-32, 38-48, 54-65 and Outlots 1-3 as Phase 1.
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 Eagle Trace - Phase 1, with VHET, LLC.
2. That the plans and specifications for the public improvements necessary to serve this phase of the subdivision are hereby approved.
3. That the developer is authorized to construct the public improvements in accordance with the terms of the Contract...
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