City of Madison, Wisconsin | Legislative Information Center
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File #: 58879    Version: 1 Name: 12028 - Sherry OB Park Exp - 3461 Milwaukee St
Type: Resolution Status: Passed
File created: 12/27/2019 In control: FINANCE COMMITTEE
On agenda: 1/7/2020 Final action: 1/21/2020
Enactment date: 1/27/2020 Enactment #: RES-20-00067
Title: Authorizing the execution of a Purchase and Sale Agreement between the City of Madison and Judith Voit Underwood for the City’s acquisition of the property located at 3461 Milwaukee Street for the expansion of Sherry (O.B.) Park. (15th AD)
Sponsors: Grant Foster
Attachments: 1. 12028 Resolution Exhibit A.pdf, 2. 12028 Resolution Locator Map.pdf, 3. PC Locator Map.pdf
Fiscal Note
The proposed resolution authorizes the execution of a Purchase and Sale Agreement between the City of Madison and Judith Voit Underwood for the City’s acquisition of the property for the expansion of Sherry (O.B.) Park. The estimated acquisition cost is $227,900 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 amount of $247,900. The Parks Division 2020 adopted capital budget includes $6,520,000 in the Land Acquisition capital program (Munis project #17128), funded by Park Impact Fees. Sufficient 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 Judith Voit Underwood for the City’s acquisition of the property located at 3461 Milwaukee Street for the expansion of Sherry (O.B.) Park. (15th AD)
Body
WHEREAS, Judith Voit Underwood (“Seller”) is the owner of the property containing 8,812 square feet of land and single family home improvements, located at 3461 Milwaukee Street and legally described on Exhibit A, attached hereto. (“Property”); and

WHEREAS, the City of Madison (“City”) desires to purchase the Property for the expansion of Sherry (O.B.) Park, as the acquisition of properties in the vicinity of Sherry (O.B.) Park is a long term goal of the City’s Parks Division; and

WHEREAS, the City’s adopted Milwaukee Street Special Area Plan identifies the Property as parkland on the Future Land Use Map and includes the following statement: “The plan also includes the potential expansion of OB Sherry Park via acquisition of five residential properties on the Milwaukee Street between Leon Street and Fair Oaks Avenue. This would provide much improved visibility into, and awareness of OB Sherry Park with the intent of activating the park space. It’s recommended the City pursue acquisition of these properties as owners elect to p...

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