Fiscal Note
The proposed resolution approves plan documents for public improvements required for the FRED-Maple Grove Drive subdivision. The cost of to the City is estimated to be no more than $25,000, which is provided by the 2020 Engineering Major Streets Reconstruction Streets capital program (MUNIS 12144).
MUNIS Acct. No. 12144-402-170: 54410 (96339)
Title
Approving plans and specifications for public improvements required to serve the Subdivision known as FRED-Maple Grove Drive and authorizing construction to be undertaken by the Developer, Private Contract No. 8402 (7th AD)
Body
WHEREAS, the developer, Fiduciary Real Estate Development, Inc., has received the City of Madison's conditional approval to create the subdivision known as FRED-Maple Grove Drive; 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, and Outlots 1-6.
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 FRED-Maple Grove Drive, with Fiduciary Real Estate Development, Inc.
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 For the Constr...
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