Fiscal Note
The proposed resolution authorizes the Parks Division to purchase property adjacent to O.B. Sherry Park located on Madison’s east side. The total cost is $258,000 ($238k for acquisition and $20k for misc. real estate and closing costs). This purchase will be funded by the Parkland Acquisition program included in the Parks Division capital budget. The 2020 Adopted Budget appropriated $6.5m for 2020 acquisitions. The current project balance is $6.5 million.
Title
Authorizing the execution of a Purchase and Sale Agreement between the City of Madison and Brian David Janssen and Kayley Hope Janssen for the City’s acquisition of the property located at 3457 Milwaukee Street for the expansion of O.B. Sherry Park. (15th AD)
Body
WHEREAS, Brian David Janssen and Kayley Hope Janssen (together, the “Seller”) are the owners of the property containing 11,005 square feet of land and single family home improvements, located at 3457 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 the adjacent O.B. Sherry Park, as the acquisition of properties in the vicinity of O.B. Sherry 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 O.B. 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 O.B. Sherry Park with the intent of activating the park space. It’s recommended the City pursue acquisition of these properties as owners elect to put them up for sale, rather than through an eminent domain process”; and
WHEREAS, the City’s acquisition of the Property would provide expanded opportuni...
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