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File #: 55522    Version: 1 Name: 11385 - Truman Olson Disposal RFP
Type: Resolution Status: Passed
File created: 4/23/2019 In control: Economic Development Division
On agenda: 5/14/2019 Final action: 5/14/2019
Enactment date: 5/17/2019 Enactment #: RES-19-00386
Title: Approving the issuance of a Request for Proposals (RFP) for the sale of 1402 South Park Street, the former Truman Olson United States Army Reserve Center, (the “Property”) and establishing a process for the review of responses to the RFP and selection of a buyer for the Property. (13th A.D.)
Sponsors: Satya V. Rhodes-Conway, Tag Evers, Sheri Carter
Attachments: 1. FILE ID 27233, 2. FILE ID 49158, 3. 11385 Truman Olson Site RFP 2019 5-3.pdf, 4. 11385 Truman Olson Site RFP 2019 5-13 CLEAN.pdf, 5. 11385 Truman Olson Site RFP 2019 5-13 REDLINE.pdf
Fiscal Note
The proposed resolution rejects without prejudice the existing responses to the first Request for Proposal (RFP), authorized by adopted RES-17-00869 (File 49158), authorizes a new RFP to achieve the goals outlined by the proposed resolution, and dissolves the Selection Committee responsible for the first RFP. The proposed resolution also authorizes that following submission of proposals, but prior to a recommendation to the Common Council, the District #13 and #14 Alders shall host at least one neighborhood meeting where responding developers will be permitted to present their submitted proposals to the community, and members of the public will be permitted to share their feedback with Alders and City staff.

The Property located at 1402 South Park Street was purchased by the City in 2012 for an estimated $1,078,600 as part PCED’s 2012 Adopted Capital Budget for TID 42 - Wingra. The City desires to dispose of the property while implementing the City’s adopted Wingra BUILD Plan (development and redevelopment plan for this area). The Wingra BUILD Plan calls for an extension of Cedar Street through the Property and the sale of the balance of the Property for redevelopment. The proceeds of the sale will be directed by City Council at such time as the Council approves a resolution authorizing the execution of a Purchase and Sale Agreement for the sale of the property. No additional City appropriation is required.
Title
Approving the issuance of a Request for Proposals (RFP) for the sale of 1402 South Park Street, the former Truman Olson United States Army Reserve Center, (the “Property”) and establishing a process for the review of responses to the RFP and selection of a buyer for the Property. (13th A.D.)
Body
WHEREAS the City of Madison acquired 1402 South Park Street (“Property”) from the United States Department of the Army; and

WHEREAS the City of Madison intends to comply with the intent of Legistar #27233 (Enactment No RES-12-00655) (the “Resolu...

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