Fiscal Note
Easement compensation of $3,450 to be deposited to Water Utility Account No. 86547400.
Title
Authorizing the execution of a Gas Regulator Easement to Madison Gas and Electric Company across a portion of City-owned land located at 126 Glenway Street (Water Utility Reservoir #106). (5th A.D.)
Body
WHEREAS, Madison Gas and Electric Company (“MG&E”) has determined that the existing underground gas regulator facility at 126 Glenway Street (Water Utility Reservoir #106) needs to be removed and replaced with an above ground gas regulator station; and
WHEREAS, as the existing underground gas regulator exists without benefit of an easement, the parties desire to enter into an easement for the new gas regulator equipment; and
WHEREAS, City of Madison Water Utility staff have reviewed and approve of the granting of said easement.
NOW, THEREFORE, BE IT RESOLVED that the Mayor and the City Clerk are hereby authorized to execute a Gas Regulator Easement to MG&E across a portion of City-owned land, located at 126 Glenway Street, legally described as follows:
A parcel of land, located in part of the NW¼ of the SW¼ of Section 21, T7N-R9E, City of Madison, Dane County, Wisconsin, said parcel being more particularly described as follows:
Commencing at a point on the west right-of-way line of Glenway Street, also being the northeast corner of the First Addition to Sunset Woods; thence N00°46'11"W, 171.62 feet along said west right-of-way line to the point of beginning; thence S89°13'49"W, 10.00 feet; thence N00°46'11"W, 20.00 feet; thence N89°13'49"E, 10.00 feet to said west right-of-way line; thence S00°46'11"E, 20.00 feet along said west right-of-way line to the point of beginning. Said parcel contains 200 square feet or 0.005 acres.
TOGETHER WITH a Temporary Limited Easement, legally described as follows:
A parcel of land, ten (10) feet in width, lying parallel with and adjacent to the westerly, northerly, and southerly lines of the above-described parcel. Said parcel containing 400 square feet or 0.009 acres. Said Temporary Limited Easement shall expire upon completion of the project.
The areas of the Gas Regulator Easement and Temporary Limited Easement are depicted on attached Exhibit A.
BE IT FURTHER RESOLVED that based on appraisal, MG&E shall pay to the City compensation for the grant of the Easement in the amount of $3,450.00.